Saudia Arabia: $200 Oil In 2 Years

According to CNNMoney.com:

Saudi Arabia warned oil prices could spike to beyond the near $150 record high of 2008 within two to three years, as energy leaders on Monday decried a blow to investment in expanding capacity due to the financial crisis.

Yes, this is a serious threat that I had been echoing for some time now. The lack of investment due to the current financial crisis may cause a serious oil shortage in the near future causing sudden spike much higher than the one we had experienced before.

Russia did mentioned it before last time when they declined to reduce their oil supply specifically predicting a future oil shortage if you can remember it.

This can be the REAL oil crisis that really have more demand then supply causing the market to correct the difference in terms of cost. That means a much higher oil prices in the future may be possible unless there is the following to happen…

  1. World population reduced by war, epidemic, disaster and birth controls.
  2. Economic Crisis to crash one more time…this time severely causing mass die off due to revelation that money is not that valuable after all…it’s a piece of paper easily replaced by the government at a single press release.
  3. Global electronics suddenly malfunction due to a natural solar storm or EMP attack using high altitude nuclear explosion, this will cause at least half of the world population to go back to stone age hence using less oil.
  4. Mass suicides?
  5. Cannibalism becomes popular!?? Ahhh!

Popularity: 5% [?]

Nuke Fears Seeping Through The world

According to Dailyrecord.co.uk:

BRITAIN has condemned a nuclear weapon test carried out in secretive North Korea, which Prime Minister Gordon Brown warned will undermine the prospects for peace in the region.

The underground explosion, in the north east of the country, was carried out earlier today and is reported to have been many times larger than a previous test in 2006.

The move will significantly ratchet up international tension over the nuclear and missile ambitions of the Pyongyang regime, which was censured by the United Nations for a rocket launch on April 5.

US president Barack Obama said today a nuclear test constituted an act of “blatant defiance” of the UN Security Council and a violation of international law.

In a statement issued by 10 Downing Street, Mr Brown said: “I condemn North Korea’s nuclear test in the strongest terms as erroneous, misguided and a danger to the world.

The fears of Nuclear Holocaust may just begin from now on with a nuclear arms race had just been restarted with Iran & North Korea ignored the international condemation.

North Korea seems to let the cat out of the bag earlier as a sort of deterance and Iran who are buddy buddy with North Korea are testing satelites before North Korea shot their very own “satelites”.

This seems that North Korea Nuclear Test coincides with Iran recent missile test hence with a little brain storming, there might be a connection to these 2 countries….

What will the world be doing against North Korea? or even Iran?

Will World War III start upon these 2 countries? Will the world end from a or multiple mushroom clouds everywhere and we shall see that movie “The Road” in the future in the REAL time.

Or, North Korean prefer to blow lot’s of electronics off the grid by doing high altitude nuclear explosion causing extremely high EMP (Electromagnetic Pulse) onto a large city size area surging all the electricity within a closed circuits that may be exposed to the EMP…will all be fried.

Planes will fall from the sky, trains will halt, all cars cannot be restarted, computer controlled traffic lights goes dark, lights go off permanently, water treatment plants goes offline, internet goes down, all data from youtube disappears and other possible human reaction related end of days scenario will erupt in a few hours time.

People will wipe out the supermarket clean in a few hours, looting will goes rampant, fire will not be extinquish, police will fire in random on angry crowds who are hungry and thirsty.

City wide evacuation to nowhere for food scavanging for food & water will be terrible if the whole city is affected..or the world…is affected.

If everywhere is affected…the doomsday effect will come as human goes cannibalistic and hunt for food.

What can you do to survive? Don’t FIGHT THIS WAR and give North Korea their food and stay away from the ultimate doom of nuclear holocaust.

Popularity: 1% [?]

Homemade Indoor Hydroponic Aquaponic (Update 8)

YouTube Preview Image

Using my sparkling new JVC DV Camcorder, I managed to record this fantastic update on my little experiment!

Latest:
- A small little lady finger seems to be coming out
- I had moved the lights above the metal rack roof to make more space for the lady finger
- Tea strainer is not a problem after bi-weekly “scraping” heh

I am pretty happy with the growth progress with the lady fingers and the tea strainers does not caused much problems, anyone got their own little indoor aquaponic project such as mine? Do contact me if you have any questions :)

Popularity: 3% [?]

Oil hovers above $58 on signs recession easing

According to Yahoo!News:

SINGAPORE – Oil prices hovered above $58 a barrel Tuesday in Asia on growing investor optimism that the worst U.S. recession since World War II may have bottomed.

Benchmark crude for June delivery was down 23 cents to $58.27 a barrel midday in Singapore, in electronic trading on the New York Mercantile Exchange. On Monday, the contract fell 13 cents to settle at $58.50.

Oil prices have jumped from below $35 a barrel in February amid signs the pace of economic deterioration has slowed, setting the scene for an eventual recovery.

“The feeling is we’ve seen the worst of it, and the only way now is up,” said Gerard Rigby, an energy analyst with Fuel First Consulting in Sydney. “Some of this is also a trading momentum play.”

It’s kind of weird seeing oil prices tied to employment figures, first quarter earning figures and general economy outlook instead of pure demand and supply. The general feel I get from articles such as above is that they are seeking REASONS why oil price had increased the past 2 weeks and identify the culprit.

They had constantly mentioning that there are NO increase in crude demand & there are no pressure on supply side and that is true if you are talking about NOW but if you are talking about future crude demand & supply…it will be another story.

The delicate balance now is for the world to accept the fact that we cannot afford to use oil wastefully anymore even when the economy returns back to “better days”, we will face hyperinflation easily by the up swing of oil prices or down swing of US dollars.

Oil Prices
With H1N1 infection still continue to spread across the globe regardless if it’s lethal or not…it may eventually slice off few hundred thousands weak and old people with underlying medical conditions such as a bad lung, heart or other related diseases.

Demand might balance it self with some miracle and normalize the price of oil for a period of time but with more people now investing & speculating on crude oil…it will go ANYWHERE from a super spike one day and a major correction the next and all these happens regardless of actual physical demand.

I am happy that the signs of recession may be easing off slightly and the only way to stay alive is to keep that positive thinking & prepare for contingencies.

Popularity: 7% [?]

Scheduled Upgrade to A Brand New Look

The schedule is now and the change immediate :)

Currently I am experimenting with different themes to make this site a more user friendly and update friendly website for both readers & authors to the next level, I understand that I wish not change too much of the links that is existing but due to multiple feedbacks that my links are not search optimised or even human friendly enough many links might just change.

No doubt there might be disruption in many external links but I have no choice but to make this change so that this site can improve over time.

Currently, there are many things I need to do to make this changes a less painful one.

For those using the oil charts, it will still be there but just the links will be slightly different so take note when try to access it :)

Regards

Simon Tay

Popularity: 1% [?]