Crude Oil Rises to Record on Speculation Israel May Attack Iran

Crude Oil Rises to Record on Speculation Israel May Attack Iran
By Alexander Kwiatkowski

July 11 (Bloomberg) — Crude oil rose more than $5 to a record on concerns that Israel may be preparing to attack Iran, while a strike in Brazil and renewed militant activity in Nigeria threaten to cut supplies.

Oil rallied to a record high of $146.90 a barrel in New York after the Jerusalem Post said Israeli war planes practiced over Iraq, adding to speculation the country is preparing to attack Iran. A Brazilian union said it plans a five-day strike on platforms that pump 80 percent of the country’s crude and Nigerian militants pledged to renew attacks on oil facilities.

“We are now in uncharted territory here with the Iranian situation,” Tom James, head of commodities trading at Liquid Capital Markets Ltd., said in a phone interview “People are just too scared to sell.”

Crude oil for August delivery rose as much as $5.25, or 3.7 percent, to an all-time high of $146.90 a barrel on the New York Mercantile Exchange and was trading at $146.59 at 1:46 p.m. in London.

Israeli war planes are conducting maneuvers in Iraqi airspace and using U.S. airbases in the country, possibly practicing for a strike against Iran, the newspaper reported, citing comments by Iraqi officials in local media. Israeli government spokesman Mark Regev denied the report.

Iran, OPEC’s second biggest producer, this week tested missiles capable of reaching Israel.

Brent crude oil for August settlement rose as much as $5.22 a barrel, or 3.7 percent, to $147.25 a barrel and was trading at $146.94 at 1:46 p.m. local time on London’s ICE Futures Europe exchange.

Falling Stockpiles

Yesterday, the contract gained $5.45, or 4 percent, to $142.03 a barrel. Prices climbed to a record $146.69 on July 3.

Oil may rise next week because of threats to supply from Iran and Nigeria and falling stockpiles in the U.S., the biggest energy-consuming country, according to a Bloomberg News survey.

Gasoline prices in the U.S. rose to a record. Futures for August delivery rose as much as 10.46 cents, or 3 percent, to $3.6155 a gallon on Nymex.

The average price of a gallon of gasoline at the pump in the U.S was $4.11 on July 8, according to AAA, 38 percent higher than a year earlier.

About 4,500 employees of state-controlled Petroleo Brasileiro SA will take part in a protest on platforms in the offshore Campos basin to get full pay for the day they return to the mainland after a 14-day shift at sea, a union official said yesterday.

Iran’s Exports

The standoff has led to concern that Iran may come under attack from the U.S. or Israel, disrupting exports from OPEC’s second-biggest producer.

“You could survive with one of these factors, but if they come all at the same time it will drive prices up,” said Thina Saltvedt, an analyst at Nordea Bank AB in Oslo. “As soon as violent attacks increase in Nigeria it is a threat to production.’ ‘

The Movement for the Emancipation of the Niger Delta said attacks will resume on oil facilities. The Nigerian militant group said it will call off its unilateral cease-fire beginning midnight on July 12.

MEND’s attacks on pipelines and other installations have cut more than 20 percent of Nigeria’s oil exports since 2006. MEND says it is fighting for a greater share of oil wealth for the impoverished inhabitants of the Niger Delta.

The group declared a cease-fire after a June 19 attack on Royal Dutch Shell Plc’s Bonga deep-water oilfield, located 120 kilometers (75 miles) offshore that cut 190,000 barrels a day of oil output.

To contact the reporter on this story: Alexander Kwiatkowski in London at akwiatkowsk2@ bloomberg. netNesa Subrahmaniyan in Singapore at nesas@bloomberg. net.

Last Updated: July 11, 2008 08:50 EDT

What is “Neo-Liberalism” ?

(http://www.geocitie s.com/CapitolHil l/Lobby/8731/ neolib.html)

“Neo-liberalism” is a set of economic policies that have become widespread during the last 25 years or so. Although the word is  rarely heard in the United States, you can clearly see the effects of  neo-liberalism here as the rich grow richer and the poor grow poorer.

“Liberalism” can refer to political, economic, or even religious  ideas. In the U.S. political liberalism has been a strategy to  prevent social conflict. It is presented to poor and working people  as progressive compared to conservative or Rightwing. Economic  liberalism is different. Conservative politicians who say they hate
“liberals” — meaning the political type — have no real problem with  economic liberalism, including neo- liberalism.

“Neo” means we are talking about a new kind of liberalism. So what was the old kind? The liberal school of economics became famous in Europe when Adam Smith, an English economist, published a book in
1776 called THE WEALTH OF NATIONS. He and others advocated the abolition of government intervention in economic matters. No restrictions on manufacturing, no barriers to commerce, no tariffs, he said; free trade was the best way for a nation’s  economy to develop. Such ideas were “liberal” in the sense of no
controls. This application of individualism encouraged “free”  enterprise,” “free” competition — which came to mean, free for the  capitalists to make huge profits as they wished.

Economic liberalism prevailed in the United States through the 1800s and early 1900s. Then the Great Depression of the 1930s led an economist named John Maynard Keynes to a theory that challenged
liberalism as the best policy for capitalists. He said, in essence,  that full employment is necessary for capitalism to grow and it can  be achieved only if governments and central banks intervene to  increase employment. These ideas had much influence on President  Roosevelt’s New Deal — which did improve life for many people. The  belief that government should advance the common good became widely accepted.

But the capitalist crisis over the last 25 years, with its shrinking  profit rates, inspired the corporate elite to revive economic  liberalism. That’s what makes it “neo” or new. Now, with the rapid  globalization of the capitalist economy, we are seeing neo-liberalism  on a global scale.

A memorable definition of this process came from Subcomandante Marcos  at the Zapatista-sponsored
<http://spin. com.mx/%7Ehvelar de/Mexico/ EZLN/encuentro- neoliberalism. html>Encuentro  Intercontinental por la Humanidad y contra el Neo-liberalismo  (Inter-continental Encounter for Humanity and Against Neo-liberalism)  of August 1996 in Chiapas when he said: “what the Right offers is to
turn the world into one big mall where they can buy Indians here,  women there ….” and he might have added, children, immigrants, workers or even a whole country like Mexico.”

The main points of neo-liberalism include:

1) THE RULE OF THE MARKET. Liberating “free” enterprise or private enterprise from any bonds imposed by the government (the state) no  matter how much social damage this causes. Greater openness to
international trade and investment, as in NAFTA. Reduce wages by  de-unionizing workers and eliminating workers’ rights that had been  won over many years of struggle. No more price controls. All in all,
total freedom of movement for capital, goods and services. To  convince us this is good for us, they say “an unregulated market is  the best way to increase economic growth, which will ultimately benefit
everyone.” It’s like Reagan’s “supply-side” and “trickle-down” economics — but somehow the wealth didn’t trickle down very much.

2) CUTTING PUBLIC EXPENDITURE FOR SOCIAL SERVICES like education and  health care. REDUCING THE SAFETY-NET FOR THE POOR, and even  maintenance of roads, bridges, water supply — again in the name of
reducing government’s role. Of course, they don’t oppose government subsidies and tax benefits for business.

3) DEREGULATION. Reduce government regulation of everything that  could diminsh profits, including protecting the environmentand safety on the job.

4) PRIVATIZATION. Sell state-owned enterprises, goods and services to  private investors. This includes banks, key industries, railroads,  toll highways, electricity, schools, hospitals and even fresh water.
Although usually done in the name of greater efficiency, which is often needed, privatization has mainly had the effect of  concentrating wealth even more in a few hands and making the public pay even more for its needs.

5) ELIMINATING THE CONCEPT OF “THE PUBLIC GOOD” or “COMMUNITY” and replacing it with “individual responsibility. ” Pressuring the poorest  people in a society to find solutions to their lack of health care,
education and social security all by themselves — then blaming them,  if they fail, as “lazy.”

Around the world, neo-liberalism has been imposed by powerful financial institutions like the International Monetary Fund (IMF),  the World Bank and the Inter-American Development Bank. It is raging all over Latin America. The first clear example of neo-liberalism at  work came in Chile (with thanks to University of Chicago economist  Milton Friedman), after the CIA-supported coup against the popularly elected Allende regime in 1973. Other countries followed, with some of the worst effects in Mexico where wages declined 40 to 50% in the  first year of NAFTA while the cost of living rose by 80%. Over 20,000  small and medium businesses have failed and more than 1,000 state- owned enterprises have been privatized in Mexico. As one scholar  said, “Neoliberalism means the neo-colonization of Latin America.”

In the United States neo-liberalism is destroying welfare programs; attacking the rights of labor (including all immigrant workers); and  cutbacking social programs. The Republican “Contract” on America is
pure neo-liberalism. Its supporters are working hard to deny  protection to children, youth, women, the planet itself — and trying to trick us into acceptance by saying this will “get government off  my back.” The beneficiaries of neo-liberalism are a minority of the world’s people. For the vast majority it brings even more suffering than before: suffering without the small, hard-won gains of the last  60 years, suffering without end.  <http://www.latino. com/opinion/ spec0324. html>

Elizabeth Martinez is a  longtime civil rights activist and author of several books, including “500 Years of Chicano History in Photographs. ”

Arnoldo Garcia is a member of the Oakland-based Comite Emiliano Zapata, affiliated to the National Commission for Democracy in Mexico.

Both writers attended the Intercontinental Encounter for Humanity and  against Neoliberalism, held July 27 -August 3,1996, in La Realidad, Chiapas.

By The Way: FPI too busy talking to God

Sun, 06/08/2008 12:01 PM  |  Headlines

Christians are so close to God that they call Him “father” in prayer, while Muslims are so far away from Allah that they need loudspeakers to talk to Him.

This is an old joke, but I couldn’t tell you earlier because I was afraid. If Rizieq Shihab had found out, he might have beaten me black and blue or, worse, burned down my house.

Thank God, he is now in police custody.

If you happen to have watched the news (not the saucy gossip shows or soap operas) or read the paper recently, you would know of Rizieq, the leader of the Islam Defenders Front (FPI).

A radical group, FPI, attacked members of the National Alliance for Freedom of Faith and Religion (AKKBB), who were rallying last Sunday at the National Monument (Monas) park to mark the 63rd anniversary of Pancasila state ideology.

The FPI made their attack because the alliance supports Jamaah Ahmadiyah, a minority Islamic sect dubbed “heretical” by a government panel which also recommended it be banned.

The hardliners had earlier attacked Ahmadiyah sect members, their houses and mosques, and called Ahmadiyah a deviant sect.

The sect leader was once accused of blasphemy, but other than that I have never heard of the sect’s members committing theft, robbery, murder or any other crimes listed in the Criminal Code.

If they have their own interpretations of some verses in the Koran, it is only God who could decide whether it is right or wrong.

In 2006, FPI members vandalized the Play Boy magazine offices in South Jakarta, when the magazine first published its Indonesian version. They said the publication could damage people’s morality, but perhaps the real reason was that they were disappointed to find the Indonesian version didn’t have the same ‘hot’ pictures as its American parent.

They had also repeatedly attacked cafes, bars and nightspots during the Ramadhan fasting month because they believed the establishments violated existing regulations and would tarnish the Holy month.

And they committed all these violent acts in the name of God. Frequently FPI members shouted “Allahuakbar” (God is Great) while conducting their anarchic deeds. They also prayed a lot.

Praying five times a day is one of the five pillars of Islam followed by, not only FPI members, but all Muslims around the world.

The Muslim call to prayer, and prayer itself, can be heard in every corner of the city. It would seem it is a case of the louder, the better, so that everyone in the neighborhood can hear it. It doesn’t matter if it is still dawn or if it’s during school hours and the mosque is right next to a school. If one mosque is next to another, they may even compete to be loudest.

On Friday, mosques are crowded with congregations who enthusiastically come to pray and listen to preachers.

Non-Muslims also perform their religious rituals devoutly. Churches are always full on Sundays, when Christians and the Catholics pray and praise the Lord.

Indonesia is indeed one of the most religious nations in the world, a fact confirmed by last year’s religion monitoring study conducted in 21 countries by the German-based Bertelsmann Foundation.

Ironically, Indonesia is also notorious for being among the world’s most corrupt countries.

Being religious, corruptors must pray first before stealing state money, or perhaps they set aside a little of the corrupted money to build mosques or churches.

Another indicator of the strength of religion in Indonesia was in the huge number of people who enjoyed the recent movie Ayat-Ayat Cinta (Verses of Love), which is heavily loaded with religious messages.

President Soesilo Bambang Yudhoyono who watched the blockbuster along with several cabinet ministers reportedly shed tears because he was so touched by the story. But many joked, saying he had cried because he shared the pain of not being allowed to have more than one wife like the leading role.

Anyway, following the Monas attack, many people (mostly Muslims) demanded the ban of the FPI and some even called its members preman berjubah (thugs in Muslim robes) as they wore long white robes and headscarves during the violence.

Not only FPI members, but it seems many other Muslims, Christians and other deeply religious people are often too busy talking to God in one-way conversations, praising and worshiping God, reading the Koran, the Bible and other holy books, while turning their backs on fellow human beings.

Of course, talking to God is important, but if they think praying five times a day or going to Church every Sunday, or even everyday, is enough to allow them climb the stairway to heaven, maybe they should think again.

By the way, if you find the opening of this piece offensive, please accept my apology. I don’t mean to upset anyone, let alone God, who must be sad enough seeing the violence and frequent religious conflicts within this so-called religious nation.

— T.Sima Gunawan

Moderate groups under fire for silence over radicals

Abdul Khalik, The Jakarta Post, Jakarta/Thu, 06/19/2008 9:59 AM

Moderate Muslim organizations and political parties have come under fire for failing to demonstrate their religious tolerance following a government decree against an Islamic minority sect.

As major moderate groups, the nation’s two largest Muslim organizations Nahdlatul Ulama (NU) and Muhammadiyah should have prevented the issuance of a joint ministerial decree against Jamaah Ahmadiyah, say Muslim scholars and political observers.

They told The Jakarta Post the decree showed the NU and Muhammadiyah were powerless to counter extremist and conservative elements in their campaigns for Islamism.

The anti-Ahmadiyah decree was issued by the government earlier this month amid intense pressure from many extremist groups, including the Islam Defenders Front (FPI) and Hizbut Tahrir Indonesia.

The government-sanctioned Indonesia Ulema Council (MUI) landed support for the decree.

“The NU and Muhammadiyah have so far been just too soft and too tolerant against small militant groups,” political expert Indra J. Pilliang of the Centre for Strategic and International Studies said.

He said the two organizations had given too much space for hard-line groups to take the public stage claiming to represent Indonesian Muslims.

Indra warned that a “culture of violence” against minority groups would rise more quickly thanks to the inaction of the NU, Muhammadiyah and moderate political parties to foster religious tolerance and pluralism in the country.

The issuance of the anti-Ahmadiyah decree and a recent attack by FPI members on pro-pluralism activists from the National Alliance for the Freedom of Religion and Faith (AKKBB), who were staging a rally for religious tolerance, were clear examples of the dysfunctionality of the two moderate Islamic groups and political parties, he added.

“They have to get tough against extremist groups and strongly condemn any attacks to avoid widespread violence that can turn into mass fascism,” Indra said.

Muslim scholar and Paramadina University rector Anies Baswedan said the NU and Muhammadiyah had failed to control the MUI with their pluralism mission.

The MUI is led by clerics from the NU and Muhammadiyah but the council has often issued extremist fatwa, banning pluralism, liberalism and secularism as well as branding Ahmadiyah a heretical sect.

“What happens is the MUI doesn’t represent the voice of Muslims as a whole,” he said.

Anies said the NU and Muhammadiyah should take the lead in preventing several Muslim individuals or groups from taking violent actions in the name of Islam.

Rafendi Jamin of the Human Rights Working Group blamed the political parties for only caring about their short-term political interests and neglecting their mission for the betterment of the country, including promoting religious pluralism and tolerance.

All the parties should work together to fix Indonesia’s international image by not tolerating violence and respecting human rights, he said.

Indra said the country’s political parties were trying to woo more voters ahead of the 2009 elections by giving support for the anti-Ahmadiyah decree or taking side with the majority Muslim groups.

Such a stance was more popular than acting otherwise, he added.

Anies warned the religious violence could increase due to the government’s failure to provide jobs for people.

Truth links directory for those seeking more information.

I hope this site will helpfull for anyone to seek truth information. I got it from mailinglist worldcitizen.

Truth links directory for those seeking more information.

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