Issue 36, Page 10

<body topmargin=0 leftmargin=0 marginheight=0 marginwidth=0> <table cellpadding=0 cellspacing=0 border=0><tr> <td valign="top" colspan=2 height=82 BGCOLOR="#003333" TEXT="#F7F7FF"> <div> <FONT SIZE="5" COLOR="#FFFFFF" FACE="Arial" ><B> Welcome to (Tony Pitt's) National Interest Newspaper's website </B></FONT><B>     |     </B><A HREF="index.htm" TARGET="_top" TITLE=" Welcome to (Tony Pitts) National Intere"><U><B>home</B></U></A></div> <div> </div> </td> </tr><tr> <td valign="top" width=5 BGCOLOR="#003333" TEXT="#F7F7FF"> <bR> </td> <td valign="top" height=398 BGCOLOR="#006633" TEXT="#F7F7FF"> <div> <I><B>Issue 36, Page 10</B></I></div> <div> <B>Are you sick of the petrol price scam?</B></div> <div> <B>The High Prices and Energy Crisis in Australia - a Con Job. There is no shortage of Oil - Just a war to grab and monopolise the lucrative energy market. They will milk us until we take a stand.</B></div> <div> <B>OILPRICE PARITY</B></div> <div> <B>The price we in Australia pay is set by the Organisation of Oil Exporters and Producers (OPEC). The Fraser government signed the Oil Price Parity Agreement in 1978.</B></div> <div> <B>The Oil Price Parity is ONE SIDED. We are tied into a 25 year contract to sell our gas to China at 3 cents per litre. Who would sign an agreement to sell a commodity at three cents knowing that inflation will push that price to at least 30 cents a litre in 25 years? This deal was clearly white collar crime. Why doesn't OUR SELLING PRICE change each day on energy markets as do the OPEC prices? The answer BRIBED POLITICIANS.</B></div> <div> <B>We sell our oil under contract at $6 - $10 per barrel and buy OPEC oil at $60 per barrel (predicted to go to $ 100 IF WE FALL FOR IT and do not protest too much). Florida doesn't supply </B><I><B>\% </B></I><B>of world oil - losing Florida oil would not change the world price-per-barrel by one cent.</B></div> <div> <B>Bass Strait oil is produced at $3 per barrel. Yet we pay the OPEC price of $60 and soon to be $100 IF WE FALL FOR IT. Then the government adds 38.1% excise and 10% GST (on-top) and in some states there is a 10% state tax. In all the government-take of your $1.30 at-the-pump price is about 60 cents. </B><B>AUSTRALIAN CRUDE</B></div> <div> <B>We export 523,000 barrels a day and import 530,000 barrels a day - a net import of 7,000 barrels a day - about what we need to import in heavy Arab crude for lubrication oil and greases. What is the ratio of lube oil to petrol per week in your car? Not one drop of imported crude oil goes to the petrol pumps around Australia - SO how can OPEC prices affect the price of our oil at the pump? It is a fair bet that the 523,000 barrels we import that is offset by exports doesn't even leave the country except on paper.</B></div> <div> <B>Australian crude is already distillate as it comes out of the ground. It needs no refining. Like many crude oils it can be put, from the ground, straight into any diesel engine. The filter must be changed more often because there is some sediment. This is how the oil poppet pumps operate in desert areas. Oil, in the desert, is cheaper than water. Water won't provide its own energy to pump more water. </B><B>ENERGY IS NOT AN EXHAUSTIBLE RESOURCE</B></div> <div> <B>It is unlimited and renewable. Oil/ Coal/Gas doesn't come from decayed vegetable matter. It is driven off the magma (molten core of the earth). It comes up as gas, is trapped, condenses, and by a chemical/bacterial process changes to oil and eventually to coal.</B></div> <div> <B>The bacterial change is an observable process. At Laverton (Vic), in the RAAF, we had a Fuel Section dedicated to solving the problems of the bacterial growth (Contamination/Fuel Filter Block-</B><B><U>age) in aircraft fuel tanks and ground stor-</U></B></div> <div> <B>age tanks. We grew the various contaminants in glass tanks. Huge grotesque black shapes grew in those tanks (as they did in aircraft tanks). They did no harm in glass tanks but, when they broke up by vibration in an aircraft they stopped fuel flow through the lines so the PILOT AND CREW HAD TO WALK HOME. This bacterium is what turns oil to coal. </B><B>GAS IS UNLIMITED</B></div> <div> <B>The reserves are so huge and so pressurised they are considered un-tap-pable. There is no secret where the huge reserves are and there is no need to search for oil. With modern technology the sub-stratas are known, mapped, and vetted. There are no unknown reserves. </B><B>OILEXPLORATION SEXPLOITATION"</B></div> <div> <B>The oil barons drill to test quality, using speculators' money, find the hydrocarbons they knew were there, declare the finds uneconomical, cap the wells, and sit back as the share values plummet to zilch, and then they buy them up. The oil barons never relinquished one oil lease that they declared unviable because they knew they could go there any time and get the oil we paid to find.</B></div> <div> <B><U>Exxon   Mobil.   Shell   Post</U></B></div> <div> <B><U>Record Profits</U></B><B> </B><B>27 Oct 2005</B></div> <div> <B>High prices for oil and natural gas propelled Exxon Mobil Corp. and Royal Dutch Shell PLC to their best quarterly results ever on Thursday, with Exxon becoming the first U.S. company ever to ring up quarterly sales of $100 billion. To put Exxon's performance into perspective, its third quarter revenue was greater than the annual gross domestic product of some of the largest oil producing nations, including the United Arab Emirates and Kuwait. Its third quarter profits jumped nearly 75% from year-ago results to $9.92 billion</B></div> <div> <B>Nearly all fields are being topped up from below. The top-up process is known as Abiotic Oil from geopressurised gas. Many fields considered "exhausted" have come to life again. The Yates field in Texas is a prime example. Such fields stop flowing when the source of inflowing oil from below becomes blocked as a paper filter becomes clogged and impregnable. Nature finds another path and the oil field can be tapped again.</B></div> <div> <B>Russia is a now a big oil producer because they understand the process and drill at depths better than 30,000 feet (9,000 metres). </B><B>WORLD GAS</B></div> <div> <B>At the Brae B, in the North Sea, they went too deep on one of the first production wells and hit a reservoir of geopressured gas. The pressure was so great it started lifting fifteen thousand feet of drill pipe, drill mud, and a drill stem nearly three miles long. There is so much</B></div> <div> <B>methane in the earth that they wanted to AVOID hitting this deep reservoir. At that time it was considered           just too dangerous to exploit. That has now changed thanks to the Russian technology.</B></div> <div> <B>In Australia the North Rankin "A" platform was developed to exploit the Carnarvon basin which is just off the northwest coast of Australia near Karratha. When North Rankin was built it was the biggest gas platform in the world. For twenty years now it has been producing at the rate of 180 million c.f. of gas per/day, and 47,000 tons of condensate per day. It shows absolutely no sign of slowing down.</B></div> <div> <B>This single platform provides all the natural gas fuel for the entire west coast of Australia. In addition, every year, mis one platform produces between 7 and 8 million tons of Liquefied Natural Gas. The LNG provides most of the gas energy requirements for Japan (at 3 cents/ litre). Then there are several million tons of condensate and LPG and so forth which are shipped into international markets.</B></div> <div> <B>It is estimated that there is more oil and gas in Alaska and offshore of Alaska than in all of Saudi Arabia. Similarly, there is more oil and gas in Alberta, Canada than in Saudi Arabia. Similar reservoirs exist off the California coast, the Florida coast, Mexico, the South China Sea and the Great Rift Valley in the horn of Africa. Why do you think we sent the army into Somalia? It wasn't the media scam "Nation Building" - JUST OIL</B></div> <div> <B>The Falklands Islands (Malvinas), sits on one of the largest concentrations of hydrocarbon fuels in the world. Do you really think the Brits killed all of those men in the Falklands war for God, the Queen and a bunch of sheep farmers? Even more significant, do you think the Argentinians risked going to war with the United Kingdom because they wanted the Falkland Islands—a patch of barren real estate that is only suitable for sheep farming? - JUST OIL.</B></div> <div> <B>The world is fighting over oil, not because we are running out of oil, but because there is so much of it. It is not the shortage of oil that drives nations to war, but the overwhelming desire to control it. Oil is power. That is one of the main reasons for Gulf War I and Gulf War II. But,   the  real  reason  has  to  do with Globalism and the agenda of the New World Order (World Financiers Inc.)</B></div> <div> <B>The US has enough fuel reserves</B></div> <bR> <div> <B>to last for an estimated 3500 years and any world shortages are not due to lack of reserves. It is the aim for total control so they can maintain the price squeeze. They still invade Vietnam, Afghanistan, Iraq, soon Iran, and then Venezuela. Australia didn't need to be invaded. USA simply said, "We do not recognise Australia or New Zealand's claim to Antarctica". Go to www.CIA/Antarctica and call up Antarctica. Check for yourself. They just took it. So far they have prospected and found silver, lead, zinc, copper, gold, uranium, platinum, oil, shale, gas and coal - all for the protection of the delicate flora and fauna.</B></div> <div> <B>WHY WOULD USA INVADE </B><B>VENEZUELA?</B></div> <div> <B>http: //www. eastbay ne ws. org/stages/ word_stagel .php?EBN=05071 llword MERIDA, VENEZUELA - The State Oil Company of Venezuela, PDVSA, confirmed today the discovery of four billion square feet of natural gas in western Venezuela, believed in June to have only been 2 billion square feet It also confirmed that it possesses the largest single reserve of oil in the world. In addition to the estimated 78 billion barrels of conventional oil reserves, there are 235 billion more barrels of heavy and extra-heavy crude, known a</B></div> <div> <B>This means that Venezuela possesses under her soil nearly fifty percent of the total amount of oil in the entire Middle East. Saudi Arabia, Iraq, Kuwait, Abu Dhabi, Iran and Qatar have a combined total of 676 billion barrels while Venezuela's total alone is 313 billion barrels.</B></div> <div> <B>The Australian working men, farmers, retirees and others on fixed incomes are suffering as fuel prices impact on us due to the tyranny of distance in Australia. Our manufacturers are disadvan-taged trying to compete with places like Indonesia where local petrol prices are from 11-14 cents per litre. Our trade balance is a disaster. Each month puts us further behind while Howard's tax drunk</B></div> <div> <B>Continued on Page 11...</B></div> <div> <B>'tt Is belter to give than lend, and it costs about the same." Philip Gibbs</B></div> <div> <B>National Interest Newspaper - Issue No.36 - Page 10</B></div> </td> </tr></table></body>