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By 1865, Standard Oil was the largest and most profitable organization in the world, moving to Manhattan to house all the new employees.

Doctor Quack the Devil Bill

and John D. Rockefeller

The super rich in America enjoy power and prerogatives unimaginable to most of us. Who can conceive of owning a private empire that includes 100 homes, 2,500 servants, untold thousands of luxuries, and untold millions of dollars? America has a royal family of finance that has known such riches for generations. It is, of course, the Rockefellers.

John D. Rockefeller’s father, William, was a travelling salesman and self-described “botanic physician” who refused to live a normal 9-to-5 life. There were secrets behind the brick walls at 515 W. Clark St., where Dr. William and Margaret Levingston lived.

Levingston was an assumed name, taken by a bigamist and a con man nicknamed “Big Bill” who peddled herbal remedies and cancer treatments around the country. In Freeport, he claimed to be an eye and ear specialist, but Levingston was a quack.

And the biggest secret: His real name was William Avery Rockefeller and he was the father of John D. Rockefeller, founder of Standard Oil Co. and at the time the richest man in the world. At the dawn of the 20th Century, there was national intrigue and mounting clues of Dr. Levingston’s secret Freeport life.

Publisher Joseph Pulitzer offered $8,000 ($210,000 in today’s dollars) to anyone who could provide information on Rockefeller’s father. William Randolph Hearst also offered a tidy sum for the story.

These days it is accepted as fact by historians that Big Bill, who died in 1906 in Freeport, fathered John D. Rockefeller with Eliza Rockefeller. In a span of two years, Big Bill had two children with Eliza and two more with the family housekeeper in a span of four years. He abandoned his family in the 1850s, but never got a divorce before marrying a second wife, Margaret Allen, in 1856.

The Rockefeller clan denied any genetic connection to Levingston, who took his secrets to the grave.

Read more »

Peak Oil? How come they keep finding more then?

We’ve all heard about peak oil…and it never seems to arrive. It is another lie pushed by the hippy brigade.

Breitbart reports on the  latest find:

A western Texas oil and natural gas shale formation was labeled the “largest” of its kind by the U.S. Geological Survey on Tuesday.

Federal surveyors announced that the Wolfcamp shale in the Midland Basin portion of Texas’ Permian Basin now holds the record for most oil, natural gas, and gas liquid deposits that are “undiscovered, technically recoverable resources.”

The USGS notes that within its survey spanning from north of Lubbock to remote regions southwest of San Angelo, an estimated and previously unaccounted for 20 billion barrels of crude oil; 16 trillion cubic feet of natural gas; and 1.6 billion barrels of natural gas liquids are able to be extracted by means typically involving slant drilling and hydraulic fracturing, commonly known as “fracking”. The figures are based on official methods that project untapped resources amid formations already surveyed and exploited.   Read more »

Green taliban co-leader James Shaw attempts to scare investors out of fossil fuels

" Don't shoot "

Green Party co-leader James Shaw said Finance Minister Bill English needed to open his eyes to climate change or risk being hit by the “perfect financial storm”.

The Greens are calling on the government to require all public fund managers to disclose their exposure to climate risks, following Dr [Jan] Wright’s report.

“Publicly managed funds in New Zealand have significant investments in the fossil fuel industry, in assets that could lose value rapidly as major economies like China and the EU shift to cleaner energy,” Mr Shaw said.

“New Zealanders, who have money tied up in these funds, should be aware of how much of their savings are exposed if the value of the fossil fuel industry declines.”

I don’t even know where to start.

The clean non-oil energy storm has been predicted for nearly half a century now.   Any change is hardly going to be rapid, and investors are hardly going to get caught overnight. Read more »

Smelly hippycrites disrupt oil conference

About 30 smelly hippies have blocked access to an oil exploration conference in Auckland.

The start of a petroleum industry conference has been delayed by protesters outside Sky City hotel and conference centre.

Scores of protesters have blocked entrances to the complex leaving delegates and some hotel guests stranded outside.

Protesters are worried about the threat of climate change from burning fossil fuels and risks of deep sea drilling.

Energy Minister Simon Bridges is due to speak at the event.

Conference organisers and protest leader Steve Abel are debating the merits of exploration as the standoff continues.

Greenpeace said that Minister Bridges would be announcing the 2016 Block Offers – areas of New Zealand’s ocean that will be offered up for oil exploration this year.

Abel said that “despite years of public opposition and a failure to find any deep sea oil, John Key’s Government has continued to invest in the drilling that threatens our communities, coastlines and climate.”

“We have a Government and an oil industry hell-bent on drilling for the very oil that must stay in the ground if we’re going to avoid climate change causing human catastrophe,” said Abel.

Read more »

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Much lulz in this 2006 BBC drama/documentary, they get everything wrong

https://youtu.be/RSA4yPly0-A

Enjoy watching this video from 2006 where the BBC looks at our demand for energy…it was a blend of documentary and drama.

Here is their blurb.

The demand for energy has risen relentlessly over the last 150 years in line with industrial development and population growth.

And as economies of developing countries like China and India continue to grow, it is predicted demand will rise by a further 50% by 2030.   Read more »

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Anti oil protestors show they love oil with their protest

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You’ve got to love the smelly hippies and their utter hypocrisy in staging a protest against oil all while bobbing around on their own little oil-made personal watercraft.

As the world’s powers signed a global climate change pact in France, a buoyant crowd gathered at Wellington’s harbour to protest deep sea oil exploration in New Zealand.

Almost every country on the world signed onto the Paris Agreement on Sunday, New Zealand-time.

Wellington’s Oil Action group had planned the flotilla protest on the harbour to align with the Paris Agreement, allying with many other environmentalist groups doing the same around the world, spokeswoman Jessie Dennis said.

But they were by no means celebrating the milestone pact.   Read more »

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Peak Oil? Not so much…

If the chief economist of BP doesn’t think we will ever run out of oil then there really isn’t a problem is there?

The chief economist of global oil giant BP has said that it is unlikely we will ever run out of oil.

Spencer Dale, chief economist at BP, made the remark at the Society of Business Economists’ annual conference on Tuesday. “Increases in available oil resources are nothing new. But what has changed in recent years is the growing recognition that concerns about carbon emissions and climate change mean that it is increasingly unlikely that the world’s reserves of oil will ever be exhausted,” Mr Dale said.

This assumption also means the relative price of oil will not necessarily increase over time.   Read more »

Get the fire hose out

I think these tools are going to find out Americans aren’t so accommodating to their shenanigans.

An Auckland Greenpeace activist who boarded an oil rig in the middle of the Pacific Ocean today says he is determined to stay there to protest Shell’s plan to drill for oil in the Arctic.

Johno Smith scaled the 38,000 tonne Arctic-bound oil rig around 7am Honolulu time with five other Greenpeace climbers.

Speaking via satellite phone tonight on board the Polar Pioneer – located 720 miles north-west of Hawaii – he said he planned to be there “for the long haul”.

“We can stay up here for as long as possible to get a message through to Shell and make more people aware of what is currently happening.

“They’ve decided to go and start drilling for oil in the Arctic and we believe that it is one of the most pristine, and one of last pristine spots in the world and it can’t afford to have an oil spill.”

The 32-year-old said apart from cold weather conditions, he and the other climbers were coping well.

The multi-national team had set up camp on the underside of the main deck and had enough supplies to last several days.

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Peak Oil? Nope, not even close

Remember peak oil? We were supposed to run out of oil about now…but instead there has never been more, but what if we actually never ran out of oil like what has been predicted?

What if new technology and a little-known energy source told us that fossil fuels may not be as limited as originally thought?

In the 1970s, geologists discovered crystalline natural gas—methane hydrate, in the jargon—beneath the seafloor. Stored mostly in broad, shallow layers on continental margins, methane hydrate exists in immense quantities; by some estimates, it is twice as abundant as all other fossil fuels combined. Despite its plenitude, gas hydrate was long subject to petroleum-industry skepticism. These deposits—water molecules laced into frigid cages that trap “guest molecules” of natural gas—are strikingly unlike conventional energy reserves. Ice you can set on fire! Who could take it seriously? But as petroleum prices soared, undersea-drilling technology improved, and geological surveys accumulated, interest rose around the world. The U.S. Department of Energy has been funding a methane-hydrate research program since 1982.

Nowhere has the interest been more serious than Japan. Unlike Britain and the United States, the Japanese failed to become “the owners, or at any rate, the controllers” of any significant amount of oil. (Not that Tokyo didn’t try: it bombed Pearl Harbor mainly to prevent the U.S. from blocking its attempted conquest of the oil-rich Dutch East Indies.) Today, Churchill’s nightmare has come true for Japan: it is a military and industrial power almost wholly dependent on foreign energy. It is the world’s third-biggest net importer of crude oil, the second-biggest importer of coal, and the biggest importer of liquefied natural gas. Not once has a Japanese politician expressed happiness at this state of affairs.

Japan’s methane-hydrate program began in 1995. Its scientists quickly focused on the Nankai Trough, about 200 miles southwest of Tokyo, an undersea earthquake zone where two pieces of the Earth’s crust jostle each other. Step by step, year by year, a state-owned enterprise now called the Japan Oil, Gas, and Metals National Corporation (JOGMEC) dug test wells, made measurements, and obtained samples of the hydrate deposits: 130-foot layers of sand and silt, loosely held together by methane-rich ice. The work was careful, slow, orderly, painstakingly analytical—the kind of process that seems intended to snuff out excited newspaper headlines. But it progressed with the same remorselessness that in the 1960s and ’70s had transformed offshore oil wells from Waterworld-style exoticisms to mainstays of the world economy.

In January, 18 years after the Japanese program began, the Chikyu left the Port of Shimizu, midway up the main island’s eastern coastline, to begin a “production” test—an attempt to harvest usefully large volumes of gas, rather than laboratory samples. Many questions remained to be answered, the project director, Koji Yamamoto, told me before the launch. JOGMEC hadn’t figured out the best way to mine hydrate, or how to ship the resultant natural gas to shore. Costs needed to be brought down. “It will not be ready for 10 years,” Yamamoto said. “But I believe it will be ready.” What would happen then, he allowed, would be “interesting.”

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The problem with ‘ethical investing’

Yet again the Green party is lecturing us on ‘ethical investing’.

Can anyone see a problem with that?

The Green Party has called for the New Zealand Superannuation Fund to quit its investments in companies producing fossil fuel.

The fund’s chief executive, Adrian Orr, said it took the issue of climate change seriously and expected its exposure to fossil fuels to fall over time, and investment in renewables to rise.

“But a simple divestment call? The world is just not that straightforward,” he said.

The fund, set up by the previous Labour Government to partially pre-fund future New Zealand Superannuation payments, had $676 million invested in companies directly involved in fossil fuel production as of last June. That represented about 2 per cent of the fund’s assets.

Greens co-leader Russel Norman, in a paper released yesterday, makes an ethical case for not investing in companies whose activities are literally fuelling potentially catastrophic climate change.

He also points to a financial risk of stranded assets, citing analysis by the International Energy Agency and other bodies that the world’s coal, oil and gas companies already have in their proven reserves at least three times as much carbon as can be burned without exceeding the internationally agreed target of limiting global warming to 2 degrees Celsius.   Read more »