Market Full Of Oil, Price Trend "Fake": Ahmadinejad

June 17, 2008

By REUTERS

ISFAHAN, Iran (Reuters) - The market is full of oil and the rising price trend is "fake and imposed," Iran's president said on Tuesday, partly blaming a weak U.S. dollar which he said was being pushed lower on purpose.

"At a time when the growth of consumption is lower than the growth of production and the market is full of oil, prices are rising and this trend is completely fake and imposed," President Mahmoud Ahmadinejad said in a televised speech.

"It is very clear that visible and invisible hands are controlling prices in a fake way with political and economic aims," he said when opening a meeting of the OPEC Fund for International Development in the central Iranian city of Isfahan.

Iran, the world's fourth-largest oil exporter, has repeatedly said the market is well-supplied with crude and blames rising prices on speculation, a weak U.S. currency and geopolitical factors.

"As you know the decrease in the dollar's value and the increase in energy prices are two sides of the same coin which are being introduced as factors behind the recent instability," Ahmadinejad said.

Oil steadied on Tuesday after touching a record near $140 the previous day, with traders caught between a weaker dollar and expectations that top exporter Saudi Arabia will ramp up output to its highest rate in decades.

Iran has often said it sees no need for the Organization of the Petroleum Exporting Countries (OPEC) to boost output.

"EVER-INCREASING DECREASE"

Ahmadinejad reiterated his view that oil should be sold in a basket of currencies rather than U.S. dollars, an idea which has failed to win over other OPEC members, except Venezuela.

"The ever-increasing decrease in the dollar's value is one of the world's major problems," he said.

"A combination of the world's valid currencies should become a basis for oil transactions or (OPEC) member countries should determine a new currency for oil transactions," he said.

Iran, embroiled in a standoff with the West over its nuclear program, has for more than two years been increasing its sales of oil for currencies other than the dollar, saying the weak U.S. currency is eroding its purchasing power.

Ahmadinejad, who in the past has called the dollar a "worthless piece of paper," suggested "some big powers" were driving it lower on purpose:

"The planners for some big powers are acting to decrease the dollar's value," he said. "For years they imposed inflation and their own economic problems to other nations by injecting the dollar without any support to the global economy."

Foes since Iran's 1979 Islamic revolution, Tehran and Washington are also at odds over Tehran's disputed nuclear activities as well as over policy in Iraq. Iran says its atomic work is peaceful.

(Additional reporting by Zahra Hosseinian in Tehran; Writing by Fredrik Dahl; Editing by William Hardy)

ISP's confirm '2012: The Year The Internet Ends'

Stumblers,
'Like' it!

Update: Bell Canada and TELUS (formerly owned by Verizon) employees officially confirm that by 2012 ISP's all over the globe will reduce Internet access to a TV-like subscription model, only offering access to a small standard amount of commercial sites and require extra fees for every other site you visit. These 'other' sites would then lose all their exposure and eventually shut down, resulting in what could be seen as the end of the Internet.

Dylan Pattyn *, who is currently writing an article for Time Magazine on the issue, has official confirmation from sources within Bell Canada and is interviewing a marketing representative from TELUS who confirms the story and states that TELUS has already started blocking all websites that aren't in the subscription package for mobile Internet access. They could not confirm whether it would happen in 2012 because both stated it may actually happen sooner (as early as 2010). Interviews with these sources, more confirmation from other sources and more in-depth information on the issue is set to be published in Time Magazine soon.

A Billion Dollars Here, A Billion Dollars There....

How many zeros in a billion? This is too true to be funny.

The next time you hear a politician use the word 'billion' in a casual manner, think about
whether you want the 'politicians' spending YOUR tax money.

A billion is a difficult number to comprehend, but one advertising agency did a good job of putting that figure into some perspective in one of it's releases.


A. A billion seconds ago it was 1959.

B. A billion minutes ago Jesus was alive.

C. A billion hours ago our ancestors were living in the Stone Age.

D. A billion days ago no-one walked on the earth on two feet.

E. A billion dollars ago was only 8 hours and 20 minutes, at the rate the US government is spending it.

While this thought is still fresh in our brain... let's take a look at New Orleans. It's amazing what you can learn with some simple division.

Louisiana Senator, Mary Landrieu, is presently asking Congress for 250 BILLION DOLLARS to rebuild New Orleans. Interesting number... what does it mean?

A. Well... if you are one of the 484,674 residents of New Orleans (every man, woman, and child) you each get $516,528.

B. Or... if you have one of the 188,251 homes in New Orleans , your home gets $1,329,787.

C. Or... if you are a family of four... your family gets $2,066,012.

Washington, D. C, HELLO... are all your calculators broken?

Accounts Receivable Tax
Building Permit Tax
CDL License Tax
Cigarette Tax
Corporate Income Tax
Dog License Tax
Federal Income Tax

Federal Unemployment Tax (FUTA)
Fishing License Tax
Food License Tax
Fuel Permit Tax
Gasoline Tax
Hunting License Tax
Inheritance Tax
Inventory Tax

IRS Interest Charges (tax on top of tax)
IRS Penalties (tax on top of tax)
Liquor Tax
Luxury Tax
Marriage License Tax
Medicare Tax
Property Tax
Real Estate Tax
Service charge taxes
Social Security Tax
Road Usage Tax (Truckers)
Sales Taxes
Recreational Vehicle Tax
School Tax
State Income Tax
State Unemployment Tax (SUTA)
Telephone Federal Excise Tax
Telephone Federal Universal Service Fee Tax
Telepho ne Federal, State and Local Surcharge Tax
Telephone Minimum Usage Surcharge Tax
Telephone Recurring and Non-recurring Charges Tax
Telephone State and Local Tax
Telephone Usage Charge Tax
Utility Tax
Vehicle License Registration Tax
Vehicle Sales Tax
Watercraft Registration Tax
Well Permit Tax
Workers Compensation Tax

Not one of these taxes existed 100 years ago...and the US was the most prosperous in the world. It had absolutely no national debt. It had the largest middle class in the world... and Mom stayed home to raise the kids.

What happened? Can you spell "politicians! '"

END