Laughingstock

September 10, 2013

Glenn Reynolds writes:

Obama’s efforts to do something about Syria invite only criticism and push back.

Remember that dumb cowboy George W. Bush, who alienated all our allies and dragged us into wars of choice in the Mideast? And remember that goofball Mitt Romney, whom Joe Biden a year ago accused of wanting to go to war in Syria?

Both of them must be having a big laugh over the way things are going for Obama now. When I wrote last week on our bumbling Syria diplomacy, it seemed that things couldn’t possibly go further downhill. Boy, was I wrong.

Do you really think you know what Obomba will do? Or do you think the oil guys will win, rememebr they hated Assad for turning down their pipeline from the Persian Gulf, and the warm water port guys from Russia on the other side.

I mean afterall Genghis John was the first to do this, offer to get rid of Syria’s Chemical weapons, but then said they would never do that/ Well they did. NOW WHAT?


And More To Consider

September 4, 2013

We are the pawns here, it appears.

The economic reasons for WAR with Syria. And what else we are not being told…::: Is The United States Going To Go To War With Syria Over A Natural Gas Pipeline?

War for oil … or natural gas?

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Broad U.S. terror alert mystifies experts; ‘It’s crazy pants,’ one says

August 7, 2013

It doesn’t seem this is how you do it, now does it???

U.S. officials insisted Tuesday that extraordinary security measures for nearly two dozen diplomatic posts were to thwart an “immediate, specific threat,” a claim questioned by counterterrorism experts, who note that the alert covers an incongruous set of nations from the Middle East to an island off the southern coast of Africa.

Analysts don’t dispute the Obama administration’s narrative that it’s gleaned intelligence on a plot involving al Qaida’s most active affiliate, the Yemen-based Arabian Peninsula branch. That would explain why most U.S. posts in the Persian Gulf are on lockdown, including the U.S. embassy in Yemen, which on Tuesday airlifted most of its personnel to Germany in an “ordered departure,” the government’s euphemism for an evacuation.

But how, then, does it make sense for the State Department to close embassies as far afield as Mauritius or Madagascar, where there’s been no visible jihadist activity? And why is it that countries that weathered numerous terrorist attacks – Pakistan, Afghanistan and Iraq, for example – were excluded or allowed to reopen quickly?

Read more at mcclatchydc.com

And how does SPYIng on your neighbor’s phone calls help catch middle eastern terrorists?

 


Oil Tanker Market In “State Of Panic” As Charter Rates Plunge, Cargoes Rejected

April 3, 2013

Economic activity don’t need no stinking oil … world economy collapsing.

It has gotten so bad that VLCCs have been losing $29 a day on the benchmark Saudi Arabia- to-Japan voyage as of March 28, according to the most recent data from the Baltic Exchange in London. Frontline said in February the ships in its fleet need a daily return of $24,200 to break even.

The collapse in charter rates can be seen below:

vlcc_0

 

Naturally, corporate incomes statement are getting slaughtered as a result of the plunge in revenues:

 Earnings for very large crude carriers, the industry’s biggest ships, plunged 75 percent from a year earlier to $11,624 a day, according to figures from Clarkson Plc the world’s largest shipbroker. A surplus of the supertankers seeking charters in the Persian Gulf averaged 21 percent during the first quarter, the largest glut since 2009, according to market surveys by Bloomberg.

Adding insult to injury, this year shippers have to deal with not only dropping revenues, but soaring input costs as well, ironically: fuel costs.

The exchange’s earnings assessments don’t account for speed reductions aimed at reducing fuel consumption, the industry’s largest expense. Last year’s average price of $658.54 a metric ton was more than double the 2008 level, figures compiled by Bloomberg from 25 global ports show.

Absent some near-term miracle, it is likely that VLCC rates will continue tanking:

There are currently 22 percent more VLCCs seeking Persian Gulf cargoes than there are likely to be shipments over the next 30 days, according to a Bloomberg survey of five shipbrokers and owners today. That was the same as last week.

Yet while Bloomberg is quick to go with the generic explanation and blame it all on the supply side, one can’t help but wonder just how much of the drop off in charter rates is a function of what has been a major collapse in global trade in the past 6 months, coupled with a drop off in end demand for energy around the world. Because while one can go with the myth of a US energy self-sufficiency, the same can certainly not be said for Japan, which is naturally the other half of the benchmark Gulf to Japan VLCC rate.

 


Woodward Reports White House Threat

February 28, 2013

Bob Woodward said this evening on CNN that a “very senior person” at the White House warned him in an email that he would “regret doing this,” the same day he has continued to slam President Barack Obama over the looming forced cuts known as the sequester.

CNN host Wolf Blitzer said that the network invited a White House official to debate Woodward on-air, but the White House declined.

“I think they’re confused,” Woodward said of the White House’s pushback on his reporting.

Earlier today on MSNBC’s “Morning Joe,” Woodward ripped into Obama in what has become an ongoing feud between the veteran Washington Post journalist and the White House. Woodward said Obama was showing a “kind of madness I haven’t seen in a long time” for a decision not to deploy an aircraft carrier to the Persian Gulf because of budget concerns.

The Defense Department said in early February that it would not deploy the U.S.S. Harry Truman to the Persian Gulf, citing budget concerns relating to the looming cuts known as the sequester.

‘YOU WILL REGRET DOING THIS’

When you are dealing with thugs like this remember what comes next, after push, then shove, then …


“Kind of Madness

February 27, 2013

What would Bob Woodward be possibly ta;ling about. GOP: ‘Clear violation’ of law…??? Nixonian Obama?

Bob Woodward on Wednesday accused President Barack Obama of acting with a “kind of madness” in his handling of the automatic spending cuts set to take effect Friday.

Woodward, credited with bringing down Richard Nixon along with fellow Washington Post reporter Carl Bernstein, appeared on MSNBC’s “Morning Joe” to discuss his ongoing war of words with the White House over its handling of the impending sequester.

“I think peoples’ heads are about to explode about all of this, you know, what the hell is going on here?” Woodward said Wednesday. “I’m not sure the White House understands exactly what happened in all of these negotiation at the end of 2011 with the sequester and the super committee, because they were really on the sidelines.”

He continued, turning his attention to the White House’s recent claim that spending cuts would prohibit it from deploying aircraft carriers to the Persian Gulf.

“Can you imagine Ronald Reagan sitting there and saying ‘Oh, by the way, I can’t do this because of some budget document?’” Woodward said.

“Or George W. Bush saying, ‘You know, I’m not going to invade Iraq because I can’t get the aircraft carriers I need’ or even Bill Clinton saying, ‘You know, I’m not going to attack Saddam Hussein’s intelligence headquarters,’ as he did when Clinton was president because of some budget document?”

he added.

“Under the Constitution, the president is commander-in-chief and employs the force. And so we now have the president going out because of this piece of paper and this agreement, I can’t do what I need to do to protect the country. That’s a kind of madness that I haven’t seen in a long time.”


BOB WOODWARD: Obama Is Showing ‘A Kind Of Madness I Haven’t Seen In A Long Time’

February 27, 2013

You can see it yourself, it’s like a two year old kid, when he doesn’t get his way …

Business Insider writes:

The Washington Post‘s Bob Woodward ripped into President Barack Obama on “Morning Joe” today, saying he’s exhibiting a “kind of madness I haven’t seen in a long time” for a decision not to deploy an aircraft carrier to the Persian Gulf because of budget concerns.

“Can you imagine Ronald Reagan sitting there and saying, ‘Oh, by the way, I can’t do this because of some budget document?'” Woodward said.

“Or George W. Bush saying, ‘You know, I’m not going to invade Iraq because I can’t get the aircraft carriers I need?'” Or even Bill Clinton saying, ‘You know, I’m not going to attack Saddam Hussein’s intelligence headquarters,’ … because of some budget document?”

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