Attack on Pearl Harbor
The attack on Pearl Harbor was intended to neutralize the U.S. Pacific Fleet, and hence protect Japan’s advance into Malaya and the Dutch East Indies, where it sought access to natural resourcessuch as oil and rubber.<3> War between Japan and the United States had been a possibility of which each nation had been aware (and developed contingency plans for) since the 1920s, though tensions did not begin to grow seriously until Japan’s 1931 invasion of Manchuria. Over the next decade, Japan continued to expand into China, leading to all-out war between those countries in 1937. Japan spent considerable effort trying to isolate China and achieve sufficient resource independence to attain victory on the mainland; the “Southern Operation” was designed to assist these efforts.<17>
From December 1937, events such as the Japanese attack on the USS Panay and the Nanking Massacre (more than 200,000 killed in indiscriminate massacres) swung public opinion in the West sharply against Japan and increased Western fear of Japanese expansion,<18> which prompted the United States, the United Kingdom, and France to provide loan assistance for war supply contracts to the Republic of China.
Fracking and Water: A New Way To Profit from the Industry’s Biggest P
While oil and water don’t mix, for the fracking industry… the two go hand-in-hand.
You see, while WATER is one of the oil industry’s biggest threats – it’s also one of investors’ biggest opportunities.
Consider this: Each horizontal well in North America that uses hydraulic fracturing, or fracking, uses 2-6 MILLION gallons of sweet fresh water. And the entire North American industry will use an estimated 72 BILLION gallons in 2012.
The cost involved in handling that water could be in the billions of dollars within a couple years.
That’s why a multi-billion dollar Water Services industry is emerging right now in the oil patch.
It’s a huge opportunity for some great capital gains — but changing regulations, and a very attentive mainstream audience questioning business practises which have been in effect for decades, will make it choppy water for investors.
“In 2008 there were 25 billion barrels of water handled (by the oil and gas industry) in the US—even at 60 cents a barrel it’s a multibillion dollar business,” says Jonathan Hoopes, President of GreenHunter Energy Inc. (GRH-AMEX). “With the big growth in unconventional since then, it’s likely another 5-6 billion barrels.”
GreenHunter is a pure play on the fast growing water market in the oil patch, along with companies like Heckmann Corp (HEK-NYSE), and Ridgeline Energy Services (RLE-TSXv; RGDEF-OTCQX). There are also many private technology companies with new water treatment processes. MORE
Two High Risk Venues, With Big Potential Payouts: Somaliland and Lebanon
Somaliland: Somali’s ‘Other’ Country
Somaliland enjoys a certain amount of strategic advantage. It has a long coastline and deep sea ports, and could eventually serve as a major energy hub for East Africa. Foreign oil companies are already on to this and exploration is beginning in earnest.
Chevron was drilling in Somaliland in the late 1980s, and Conoco was laying airstrips, but these licenses were granted by the Somali government, which was taken over by militias in 1991 – a development that saw Somaliland declare independence that same year. So now we’re starting from scratch. There is the little matter that Somaliland is not an internationally recognized country, but foreign investors do not seem to be bothered by this technical inconvenience.
So far, three independent oil companies have signed up for exploration. The most notable is Turkey’s Genel Energy, which has taken the sector by storm in Northern Iraq. Genel will begin surveying in March and expects to drill its first well in early 2014.
Ethiopia and Somaliland 1700-1950
Thursday, January 28, 2010
Haiti Suddenly and Conveniently has Oil, Black Gold!
Did mining and oil drilling trigger the Haiti earthquake?
For years, HLLN has been pointing to the Lavalas’ white book detailing Haiti’s resources as part of the reason for oustering President Aristide and putting in Haitian puppets to empire. Now that 20,000 US troops are in Haiti behind the pretext of humanitarian aid… by the way there’s oil and gas in Haiti! Never mind that stealth offshore and on-land drilling may have disturbed the fault line, those Haitians are black idiots anyway. Just yesterday I was called CRAZY for saying Haiti had oil and substantial mineral resources. But today, today, if the white man says it, it must be true! Here is the empire’s latest spin: