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Thursday, Mar 05th

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OPEC considers cutting oil production

With oil prices off nearly 30 percent from their highs of almost $150 a barrel, OPEC oil ministers are considering what was unthinkable just a few weeks ago — cutting back output to prop up the price of crude.

Oil ministers insisted there was adequate supply to meet demand, and blamed speculators and a weak U.S. dollar for crude's stellar rise.

In a forecast last month, OPEC predicted that the world's forecast appetite for oil for this year overall will have fallen by 30,000 barrels a day and noted that world demand growth next year will be "the lowest since 2002." 

TVNL Comment: The US criminal establishment media keep lying to you and telling you that demand has been an issue. They want you to think that drilling in Alaska will solve our problems. All along oil executives and OPEC chiefs have been saying that supply is not the problem. Yet our enemies in the media never tell you this.

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The 65 mpg Ford the U.S. Can't Have

If ever there was a car made for the times, this would seem to be it: a sporty subcompact that seats five, offers a navigation system, and gets a whopping 65 miles to the gallon. Oh yes, and the car is made by Ford Motor, known widely for lumbering gas hogs.

Ford's 2009 Fiesta ECOnetic goes on sale in November. But here's the catch: Despite the car's potential to transform Ford's image and help it compete with Toyota Motor (TM) and Honda Motor (HMC) in its home market, the company will sell the little fuel sipper only in Europe. "We know it's an awesome vehicle," says Ford America President Mark Fields. "But there are business reasons why we can't sell it in the U.S."

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Another Alternative Energy Inventor Killed?

A man by the name of Stefan Nystrom invented a way to generate energy from ocean waves that he claims would cost 5% of what coal energy does.

In his last call, he asked me to make his technology public. So, here below is a description of his technology. Would people please pass it on and would as many people, in a tribute to a man who has probably been killed by mercenaries hired by the oil industry, and make sure that prototypes are developed.

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Newly discovered oil reserves to benefit all Brazilians

Brazilian President Luiz Inacio Lula da Silva said Thursday that the recently discovered pre-salt layer oil fields are a national asset, which will benefit all the Brazilians.

"Brazil is not to be a mega exporter of crude oil," said the president, "instead, we want to build a strong oil industry in Brazil to add value to our oil and export the byproducts."

"We should not forget that everyone in Brazil is to be benefited ...I want to invest a part of the pre-salt layer oil fields' revenue in education," Lula said.

According to Brazil's constitution, the oil reserves belong to the whole nation.

TVNL Comment: You never heard an American speak this way. That is real patriotism, not the fake patriotism that exists here!

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Calories come off and lights come on

As Adam Boesel pedals an exercise bike, he sends power to a generator that converts his workout calories into electricity. Across the room in his small eco-friendly gym are half a dozen energy-efficient treadmills. On the roof, solar arrays gather more natural energy.

In Boesel's new gym, people will not only slim their waistlines, they will also shrink their carbon footprint.

Welcome to people-powered exercise for a small planet.

Boesel says the Green Microgym -- which is to open Friday in the eclectic Alberta Arts district of northeast Portland -- is the first fitness center in the country to use solar power as well as human-powered cycling and cardio machines to generate renewable energy.

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Wind Energy Bumps Into Power Grid’s Limits

The dirty secret of clean energy is that while generating it is getting easier, moving it to market is not.

“The windiest sites have not been built, because there is no way to move that electricity from there to the load centers,” he said.

The basic problem is that many transmission lines, and the connections between them, are simply too small for the amount of power companies would like to squeeze through them. The difficulty is most acute for long-distance transmission, but shows up at times even over distances of a few hundred miles.

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ExxonMobil CEO Defends High Profits

ExxonMobil CEO and chairman Rex Tillerson defended his company's staggering $11.7 billion in profits for the second quarter, saying that the company's earnings reflected the magnitude of its business operation.

"I can understand why people are very upset and why they're very worried and concerned about their ability to deal with these high prices," Tillerson said. "It does bother me that much of that is directed at us. Our job is to provide energy, to provide it in a means that is reliable. And we hope we can provide it in a means that's convenient as well to the consumer."

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