Glenn Beck keeps getting closer and closer to the truth. I fear for him:
Soaring oil prices have not slowed China’s consumption of oil as statistics show that China’s apparent consumption of crude oil and refined oil products both hit record highs in the first quarter of the year.
According to statistics released Tuesday by the China Petroleum and Chemical Industry Association (CPCIA), China’s apparent consumption of oil products composed of gasoline, diesel and kerosene rose by 16.5 percent year on year to 52.73 million tonnes in the first three months, and crude oil, rose by 8 percent to 91.8 million tonnes.
The “apparent consumption” represents the sum of net imports and output and could be taken as an index for the real oil consumption excluding inventory.
“[T]he Clinton administration launched an attack on people in [Waco,] Texas because those people were religious nuts with guns. H*ll, this country was founded by religious nuts with guns. Who does Bill Clinton think stepped ashore on Plymouth Rock? Peace Corps volunteers? Or maybe the people in Texas were attacked because of child abuse. But, if child abuse was the issue, why didn’t Janet Reno tear-gas Woody Allen?
- P.J. O’Rourke
Bang, bang! Rising metal prices, demand for war effort driving up price of bullets:
Ammo prices for many popular guns have more than tripled in the last three years, driven in large part by surging demand for metals in rapidly industrializing China.
As the Asian giant becomes wealthier, millions of tons of copper, lead and zinc, which are also used to make bullets and brass shell-casings, are being snapped up.
Shooters, gun dealers and sheriffs say the impact has been further aggravated by competition for limited ammo stocks with the U.S. military, currently fighting wars on two fronts in Iraq and Afghanistan.
Shhh, don’t tell:
Sometime in the next few years, if a memorandum signed by President Bush this month ever goes into effect, one government official talking to another about information on terrorists will have to begin by saying: “What I am about to tell you is controlled unclassified information enhanced with specified dissemination.”
That would mean, according to the memo, that the information requires safeguarding because “the inadvertent or unauthorized disclosure would create risk of substantial harm.”
Bush’s memorandum, signed on the eve of his daughter Jenna’s wedding, introduced “Controlled Unclassified Information” as a new government category that will replace “Sensitive but Unclassified.”
The top US equity manager François Mouté, believes the gold price should be 16 times the price of a barrel of oil and on a par with the price of platinum.
Speaking at Citywire’s European Fund Selectors Forum in Zurich, Mouté (pictured above) emphasised the prospects for his holdings in gold mining companies by pointing to recent research into the historical price of gold.
‘We have seen research which suggests gold should be 16 times the price of a barrel of oil,’ the AAA-rated fund manager said.
Cold, hard proof that Congress is largely a pack of imbecils:
The House of Representatives overwhelmingly approved legislation on Tuesday allowing the Justice Department to sue OPEC members for limiting oil supplies and working together to set crude prices, but the White House threatened to veto the measure.
The bill would subject OPEC oil producers, including Saudi Arabia, Iran and Venezuela, to the same antitrust laws that U.S. companies must follow.
A country that cares about the integrity of its citizens’ votes? Intriguing…
The government of the Netherlands has banned electronic voting machines from future elections because of a risk of eavesdropping. The nation will return to paper voting.
“Research indicates that a secure voting machine that is immune to the risks of eavesdropping can’t be guaranteed. Developing new equipment furthermore requires a large investment, both financially and in terms of organization. The administration judges that this offers insufficient added value over voting by paper and pencil,” the Ministry of Internal Affairs said Friday evening.
Kudos to these guys:
More than 31,000 scientists across the U.S. – including more than 9,000 Ph.D.s in fields such as atmospheric science, climatology, Earth science, environment and dozens of other specialties – have signed a petition rejecting “global warming,” the assumption that the human production of greenhouse gases is damaging Earth’s climate.
“There is no convincing scientific evidence that human release of carbon dioxide, methane, or other greenhouse gases is causing or will, in the foreseeable future, cause catastrophic heating of the Earth’s atmosphere and disruption of the Earth’s climate,” the petition states. “Moreover, there is substantial scientific evidence that increases in atmospheric carbon dioxide produce many beneficial effects upon the natural plant and animal environments of the Earth.”
The Petition Project actually was launched nearly 10 years ago, when the first few thousand signatures were assembled. Then, between 1999 and 2007, the list of signatures grew gradually without any special effort or campaign.
Communists, unite!
One of the most destructive moments in Chinese history is bringing together — at least temporarily — this vast nation of more than a billion people, made up of disparate ethnic groups stretching across five time zones.
When millions of Chinese paused for three minutes of silence Monday, they personified the surge in patriotism and charity that has swept this country since a massive 7.9 magnitude earthquake leveled large sections of Sichuan province in southwestern China.
Moments after the observance ended, chants of “Go, China, Go!” broke out in Tiananmen Square, where a Chinese military crackdown in 1989 left hundreds dead.