Friday, April 18, 2003
Over Two Million Serving
SierraTimes.com
By Emiliano Antunez
As the Images of a few joyous Iraqis celebrating their "liberation" aired on television, some sobering news was being delivered back home. The Federal Bureau of Prisons reported that over two million Americans are currently incarcerated. America thought of as the home of the "free," actually has one of the highest per-capita incarceration rates in the world.
The War on Drugs is the biggest culprit; it's the biggest contributor to our burgeoning prison population. Lighting a blunt or doing a line in the confine of one's home is harmless to everyone, except the person indulging. That's of course until you make marijuana and cocaine illegal, naturally attracting the attention of violent criminals all across the globe looking to make the big score. Of course these violent criminals must be stopped. An alphabet soup of bureaucracies and laws must be produced to put a stop to this newly created criminal class. Jails must be built to house the offenders and make the streets "safe". This plan of action would make the Taliban green with envy.
Laws based on religious and moral values, also make jailbirds of folks whose crimes consist of putting their private parts in the wrong place. Paying for your sexual pleasures can also land you a stint in the poky. Who would have thought that at the dawn of the 21st century someone would go to jail for having a same sex partner? It happened recently in Texas where police on a faulty tip broke into the wrong apartment, but still managed to collar two homosexuals getting it on. Saddam would admire such action, and Uday might have even joined in the festivities.
Perhaps you don't indulge in drugs the government classifies as illegal? You are not in the habit of paying for your sex, nor accustomed to sexual relationships the Lord does not approve of? Well, maybe the IRS wants to review your W2,1099 or 1040? Not that they suspect you of cheating on your taxes. We all know how happy you are to hand over more than 40% of your income to the niggardly and efficient U.S. Government. If you have a "not for profit" organization that is not in lockstep with the administration in power's views, you will more than likely be blessed with an audit. If by chance you are not satisfied with the way the government spends your money, you can always enjoy the life of leisure in a federal penitentiary. Fidel Castro dreams of the day when he can make Cubans produce for him the way Americans do for "Uncle Sam."
Maybe you pay your "fair share" of taxes? You don't have a not for profit, and stay out of politics. By chance, do you own your own business? In that case, do you know who your customers really are? The Department of Homeland Security thinks you should. Do you make large cash deposits? The IRS wants to know. Do all your employees have a Social Security card and or a green card? The INS wants to see them. Maybe you're into importing and exporting? U.S. Customs wants to know exactly what and how much. Marx could only fantasize about such a level of economic control.
You say you own some land or rental property. Do you know what's on every inch of your property? Do you know what all your tenants are up to 24/7? The DEA and the FBI think you should. If they suspect you are not a good property owner, they are more than willing and able to take it off your hands, and auction it to a more responsible individual. There are credible reports that Venezuela's aspiring dictator, Hugo Chavez is studying "Zero Tolerance" policies to model his own private property confiscation laws after.
Do you have children? Are you raising them "correctly"? Your states Department of Children and Family services would like to know. Are they getting an "adequate" education? The Department of Education and your local school board are truly interested. Are they reciting their Pledge of allegiance every morning? Hitler could only dream of exercising such subtle mind control over his youth.
Some Iraqi's may really believe they have been "liberated," in time many will be faced with the ugly truth. Perhaps like most people in the United States they won't notice or care. Iraqi's may soon be to busy finding out who's winning in "Arabian Idol," or the latest edition of that other reality show "Choose Your Harem." Maybe the latest Nintendo version of "Saddam Palace Raid" or "B2s Over Baghdad" will be all the rage. If history is any indication, Iraqi "liberation" will be very short lived, if it ever even existed.
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Oil Ticks Lower, Awaits OPEC
Posted by click at 8:31 AM
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OPEC
<a href=reuters.com>Reuters, Tue April 15, 2003 01:20 AM ET
SINGAPORE (Reuters) - Oil prices ticked lower on Tuesday but kept a narrow trading range as traders weighed the possibility of a reduction in OPEC supplies with abnormally low fuel stocks in many consuming countries.
U.S. light crude fell 14 cents to $28.49 a barrel, while London's Brent crude lost 15 cents to $24.70 a barrel.
Traders are waiting to see whether the OPEC producers' cartel will curb crude flows to the world market at an emergency meeting proposed for either late April or early May.
The Organisation of the Petroleum Exporting Countries fears that prices, which sank 10 percent after the start of the war in Iraq, could tumble to $20 or below during the remainder of the second quarter when oil demand usually drops off by about two million barrels per day (bpd).
OPEC has ramped up output by almost two million bpd over its official production ceiling to cover supply disruptions in Venezuela, Nigeria and Iraq.
It now fears that with Venezuelan and Nigerian production making a recovery, supply will sharply outpace demand, leading to big builds in stock levels and downward pressure on prices.
The winding down of the war in Iraq with its oil infrastructure largely undamaged also has raised speculation that crude exports from the Gulf producer could resume in a few months although administrative and legal issues may delay physical barrels from hitting the market.
Iraq exported about 1.7 million bpd of its daily output of roughly 2.5 million barrels before the war to oust Saddam Hussein.
OPEC officials have said the group might agree to tighten compliance to current production quotas, or cut the group production limit of 24.5 million bpd.
"While the market continues to prevaricate over the direction of the next move, we move closer to likely OPEC action, which reduces the risk of a sharp downside move," said Sydney-based oil analyst Simon Games-Thomas, who pegged $30 a barrel as "fair value" for crude at the moment given low Western oil stocks.
"The current discount reflects relief that Iraq's oil infrastructure is generally intact and concerns that there will be an early return to export status, which will threaten the status quo and cause a sell-off in oil prices."
WATCHDOG WARNING
The International Energy Agency (IEA), which acts as a watchdog for 26 industrialized nations on energy issues, warned producers last week that any cut to supplies would be imprudent for the time being despite a backlog of OPEC oil on the water waiting to hit consumer shores.
Crude inventories in the United States, the world's biggest oil user, have been running this year at a big deficit to 2002 levels and close to 270 million barrels, which the government considers the minimum needed to keep the nation's refineries operating smoothly.
Stocks of gasoline are also lower than at the same time in 2002, and some analysts fear that if refiners do not start to replenish tanks soon, there could be a supply crunch when motor fuel is in peak demand in the summer.
The government's Energy Information Administration (EIA) will release its weekly report on the health of U.S. fuel stocks on Wednesday. Traders closely monitor the EIA data for a snapshot of overall demand for oil.
Six analysts polled by Reuters predicted crude stocks to grow by 2.5 million barrels in the week to April 11, with gasoline inventories rising 1.55 million barrels.
Gunman at Venezuelan Rally Convicted
Posted on Tue, Apr. 15, 2003
Associated Press
CARACAS, Venezuela - A Venezuelan court on Monday convicted a man of killing three people at an opposition rally last year.
The court found Joao de Gouveia guilty of premeditated homicide and sentenced him to 30 years in prison, prosecutor Carlos Bastidas said.
Hundreds of people at an opposition rally were listening to a speech on the night of Dec. 6, 2002, when de Gouveia opened fire, killing three people and wounding 28 others. De Gouveia admitted to the crime.
The killings fueled political tensions between allies and adversaries of President Hugo Chavez on the fourth day of a crippling national strike aimed at forcing Chavez to step down or call early elections.
Nine Venezuelans were killed during the two-month strike, which failed to oust Chavez as opposition leaders had planned.
Gouveia, 39, a Portuguese citizen who has lived in Venezuela for more than 20 years, has five days to appeal the conviction.
Oil search--Paulwell says exploration could resume this year
Posted by click at 8:23 AM
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oil
JamaicaObserver.com
OLIVIA LEIGH CAMPBELL, Observer staff reporter
Tuesday, April 15, 2003
A file photo of drilling being done for oil. Jamaica is taking another go at oil exploration, with technical assistance from Ecuador and Venezuela.
TWO decades after its last serious search for petroleum, Jamaica is to take another stab at oil exploration and is to get technical help for the venture from Venezuela and Ecuador, Phillip Paulwell, the minister with responsibility for energy, confirmed yesterday.
"Having reviewed information dating over the past 20 years, we have decided that it is worth pursuing, based on our finding so far," Paulwell told the Observer. "Ecuador and Venezuela have offered technical support and guidance, and based on the advice given, the ministry will vigorously pursue exploration efforts using private sector investments."
PAULWELL... we have decided that it is worth pursuing
He declined to name the private sector companies with which Jamaica is talking for this new round of oil probe which is likely to concentrate on areas off the island's south coast, although the minister did not give specific geographic location for the search.
Proposals are soon to be reviewed by the National Contracts Committee (NCC) and it was possible that activity could start during this fiscal year, Paulwell said.
In 1981/1982 a consortium of an American oil company, Union Texas, and the Italian state oil company, sunk an exploratory well in Pedro Banks, 50 miles off the island's south coast, which the Petroleum Corporation of Jamaica (PCJ) had divided into five blocs to be auctioned as concessions.
Although Jamaican officials at the time claimed that the Union Texas/Agip had been encouraged by their finding in their Arawak bloc, the consortium packed up without exercising its option over its second bloc, called Bonito.
PCJ itself, in the early 1980s, drilled three on-shore wells on the island's northwest coast in Westmoreland. These were declared to have shown promise, but not the likelihood of commercially exploitable deposits of oil.
Jamaica had financed its initial hydro-carbon mapping with funding and technical help from the Norwegian Government and Canada's PetroCanada. In the mid-1980s, the Norwegians financed further seismic and geological mapping in the west, north and eastern sections of Jamaica, but no further exploration took place.
"Many years ago, Jamaica conducted a tremendous amount of research but stopped, primarily because of the cost of doing such exploration," Paulwell said yesterday.
The minister's confirmation of the country's renewed interest in oil and gas exploration came on his return from trips last week to Venezuela and Ecuador to firm up agreements for oil supplies from these countries.
Jamaica, for more than 20 years, has been entitled to up to 16,000 barrels per day (bpd) from Venezuela under the San Jose Accord under which Venezuela and Mexico provide petroleum to a number of Caribbean and Central American countries on a preferential basis. Under San Jose, beneficiaries pay cash for 80 per cent of their supplies and have credit on the rest. But the deferred payments can be turned into long-term loans if the savings are invested in approved development projects.
Additionally, nearly two years ago Venezuela, on its own, extended the Caracas Oil Agreement to a number of regional countries providing additional supplies on terms similar to San Jose.
Jamaica is entitled to 7,400 bpd under the Caracas agreement, but there was apparently uncertainty between Jamaica and Venezuela whether there was an automatic annual roll-over of the agreement or whether it required new negotiations.
Paulwell said that the Caracas pact was an "evergreen" agreement which was automatically renewable annually.
Jamaica gets 60 per cent of its oil supply from Venezuela and last year when strikes aimed at ousting President Hugo Chavez shut down Venezuela's oil production for several months, Jamaica turned to Ecuador for supplies of 12,000 bpd.
Venezuelan oil shipments to Jamaica are to resume in June, coinciding with the re-opening of the 35,000 bpd Petrojam refinery, which is now closed for maintenance.
Prospect of Iraqi oil exports cuts prices
Terry Macalister
Tuesday April 15, 2003
The Guardian
Global oil prices slumped further yesterday as traders feared Iraqi exports would be brought on stream more quickly than expected just as demand is falling.
Supply has already been boosted by Venezuela coming back to full production after a strikes, and a large quantity of crude from Saudi Arabia arriving at US refiners.
Technical obstacles are being fast overcome in Iraq while the political infrastructure is being prepared, with former Iraqi industry official Fadhil Othman tipped as a possible oil minister.
Crude futures in the US slumped 43 cents to $27.75 a barrel and North Sea Brent blend was down 29 cents to $24.46. Prices have fallen more than 30% since fighting began in the Middle East as fears of a wider conflict receded.
Tom Logsden, a senior member of the US army corps of engineers in Iraq, said it was a "definite possibility" that tankers could be loading exports from the northern region inside a few weeks.
The fields around Kirkuk are capable of producing up to 900,000 barrels a day out of the country's pre-war level of 2.5m barrels.
Many believe it is only the Opec cartel of oil producers that can stop prices plummeting further. But Opec warned that prices would remain volatile because of continued uncertainty about output from Iraq, Nigeria and Venezuela.