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Page added on October 29, 2017
US oil floated on cheap money
How much has the US oil industry been inflated, crushed and generally distorted by the Federal Reserve’s monetary force-feeding over the past nine years? According to my probing along the stages of production and trading, the answer is “a lot”. Yes, there have been dramatic developments in hydrocarbon production technology, but those looked even better through the distorted lens of quantitative easing. Oil and gas pricing have now stabilised, in the sense of finding a finance-friendly range somewhere north of $50 per barrel. There have been lay-offs and bankruptcies, but fewer than in the oil bust of the 1980s. Manhattan and Oklahoma City were treated relatively well by quantitative easing. In many ways it is easier for cheap money to find its way into the energy business than into the rest of the US economy, thanks to the breadth, depth and long-dated terms offered by the futures markets. As Jim Bianco, president of Bianco Research, the analytics company in Chicago, points out: “There are active oil futures contracts all the way out to December of 2025, while, say, copper futures are only liquid out for a couple of years. So a private equity or hedge fund investor figured that if he got [an energy investment] wrong, he could easily hedge out his exposure.” Also, the operating people in the US oil and gas business have been very knowledgeable about public equity and debt markets for a long time. After 2008, when the banking system was reluctant to take risk, they knew how to turn around and sell a story such as “shale” to public investors. Since interest rates were artificially low, investors were willing to discount the projected revenues from imaginatively estimated oil and gas reserves at unrealistic levels.
Even after prices peaked in 2011, exploration and production operators could raise the money to fund aggressive capital spending. A significant part of the excess production was put into storage, where it was cheaply financed by naive city people who did not get the joke. Crude oil storage capacity at Cushing, Oklahoma, the centre of West Texas Intermediate oil deliveries, increased from 45m barrels in 2011 to 76m today. “This wasn’t some sort of smart play,” says one commodities investor. “It was a giant mistake.” Sign up to the Energy Source email, weekly Review the week’s must-read energy news, comment and analysis. weekly Just how big a mistake was not immediately evident, since official statistics did not capture how much oil was being crammed under the mattress. Todd Dauphinais, a principal at Clavis Capital, a Dallas private equity firm, led a 2016 buyout of Alliance Tank Service, an oil storage-tank manufacturer. The Alliance Tank deal was not premised on the direction of oil prices, but on the industry’s need to replace old facilities. Good thing, too. “Even as prices crashed, people still had to pump it out of the ground. It got stuffed in every available storage vessel, such as rail cars or oil barges, which really don’t make a lot of sense,” Mr Dauphinais recalls. “A lot of that would not have been reported at the time, and we figured that was all over and above what the [official numbers] said. “When we bought Alliance, Cushing was reported to be at 87 per cent of capacity, but since the 13 per cent was really operating margin, it was really completely full.”
In a normal world, some of the oil producers who signed long-term drilling contracts in the good years would have gone bankrupt from 2011 on, but they kept getting refinanced. As Tom Ward, a longtime exploration and production person from Oklahoma City, says: “Quantitative easing really was driving the whole energy market after 2008. The producers had three- to five-year contracts for rigs left from 2014 and before, and they had to pay whether they drilled or not.” So they continued to drill until this past year Recommended US oil majors lose money on home oil and gas production Bullish oil bets favour Brent over US WTI contract US shale investors tire of ‘growth at any cost’ model Not all the wells were completed, as in fracked, cased and connected to the gathering systems. That means that oil and gas were not only stored in above-ground tanks, but in drilled but uncompleted wells that are only gradually being finished and hooked up to the markets. Over the past year, equity and bond investors have forced onshore E&P companies to be more disciplined about their capital spending. That does not mean spending only their internally generated cash flow, of course. That would be like asking a prima ballerina to live within her salary. But the onshore industry is in much better shape than it was.
The US offshore industry in the Gulf of Mexico, on the other hand, has not really recovered. William New, president of New Industries in Morgan City, Louisiana, which makes pressure vessels, piping and the like for offshore projects, is still waiting for the good times to roll again. “The problem is even when [the customers] go bankrupt, the equipment doesn’t go away. In the 1980s it took 10 years to come back, and we are only in the third year,” he says. So there will be fewer offshore US mega-wells to upset the balance. With inventories having fallen even more sharply than the reported numbers, the oil and gas industry is not badly prepared for rising interest rates.
113 Comments on "US oil floated on cheap money"
Davy on Mon, 30th Oct 2017 2:18 pm
True clogged, you are a proud card carrying Nazi. Hitler is your supper hero.
Cloggie on Mon, 30th Oct 2017 2:22 pm
https://www.worldcoal.com/coal/31032014/coal_discovered_in_north_sea_674/
North Sea coal
“We think there are between three trillion and 23 trillion tonnes of coal buried under the North Sea,” explained Dermot Roddy, former professor of energy at Newcastle University.
“This is thousands of times greater than all the oil and gas we have taken out so far, which totals around six billion tonnes. If we could extract just a few per cent of that coal it would be enough to power the UK for decades or centuries.”
Offshore oil and gas
Data from seismic tests and boreholes shows that the North Sea seabed contains up to 20 layers of coal, most of which can be reached with the technology already in place to extract offshore oil and gas.
Roddy, who is now chief technical officer at energy company Five Quarter Energy Holdings, will be leading the billion pound exploration and extraction project to reach the untapped coal reserves under the North Sea. Plans to sink the first boreholes by the end of 2014 will be revealed at a conference held by the Royal Academy of Engineering in London.
Tynemouth drilling
The plan is for a rig offshore Tynemouth to begin vertical boring hundreds of metres down, before taking a horizontal direction out to sea, reaching an estimated two billion tonnes of coal just off the coast.
Between three and 23 trillion tonnes lie further out to sea. Roddy explained: “We’ve been aware of this for a long time but the fact that there’s a lot of coal doesn’t really matter if there’s no way of getting at it.”
But MM and Doomer-Dave, by all means, talk yourself into the grave and import another 100 million Somalis, just to prove to yourself that you are no raysist. I am sure it will all work-out great, honest!
https://www.huffingtonpost.com/2011/05/07/detroit-illiteracy-nearly-half-education_n_858307.html
(don’t argue with suicidal idiots)
Cloggie on Mon, 30th Oct 2017 2:28 pm
“True clogged, you are a proud card carrying Nazi. Hitler is your supper hero.”
Quotes?
Rest assured that Ameticans are not my heroes, not in a long shot. Natural born serfs of the koshers and ready for the Gulag, after Trump. Pussies who give away their lands to the third world. No sense of ethnic pride, no identity. Every biped qualifies to become an American. The next Brasil. Of fourse your country has no future, why do you think everybody is depressed and a drug addict.
Hello on Mon, 30th Oct 2017 2:31 pm
>>>>> This is thousands of times greater than all the oil and gas we have taken out
Wasn’t there supposed to be some enormous amount of oil in the Monterey area, too?
Only to be revised down by 90% or something?
Apneaman on Mon, 30th Oct 2017 2:32 pm
“But MM and Doomer-Dave, by all means, talk yourself into the grave and import another 100 million Somalis”
Really clog? You hold those two personal responsible for that? How so? Are you going to tell us because of their voting choices? LMAO. Besides, I thought is was all the Super-Jews fault?
You seem extra wired up today. Did you skip your micro penis support group again? It shows.
Hello on Mon, 30th Oct 2017 2:34 pm
detroit-illiteracy
Haha. Detroit is practically negro country.
It shouldnt come to anybody’s surprise that the intellectual performance is (how should I put it), at negro level.
Cloggie on Mon, 30th Oct 2017 3:01 pm
“Wasn’t there supposed to be some enormous amount of oil in the Monterey area, too?
Only to be revised down by 90% or something?”
10% of 23 trillion ton of coal is still 2.3 trillion ton.
So far the world has burned 135 billion barrel of oil, a fraction of the North Sea coal reserves. There is no depletion problem, we have too much fossil fuel for our biosphere.
Cloggie on Mon, 30th Oct 2017 3:06 pm
“Besides, I thought is was all the Super-Jews fault?”
Not “fault”, but murder by intention:
http://www.kevinmacdonald.net/immigration.pdf
And programming the minute brains of light-weights like Davy and “mastermind” into biting into the poisened raycism cookie, backed to destroy America.
Cloggie on Mon, 30th Oct 2017 3:07 pm
baked
Hello on Mon, 30th Oct 2017 3:15 pm
>>>> So far the world has burned 135 billion barrel of oil
How did you get to this number?
The world burns approx 100e6 barrels/year.
135e9 barrels will last approx 4 years.
Not that much. Besides coal not being oil
Hello on Mon, 30th Oct 2017 3:16 pm
Sorry made a mistake it’s 100e6 barrels/day. (not year).
Cloggie on Mon, 30th Oct 2017 3:19 pm
135 billion barrel since 1870:
https://www.sciencedaily.com/releases/2009/05/090507072830.htm
Cloggie on Mon, 30th Oct 2017 3:22 pm
You can turn coal into gas, which almost completely can replace oil.
https://en.wikipedia.org/wiki/Coal_gasification
Hello on Mon, 30th Oct 2017 3:23 pm
>>> 135 billion barrel since 1870
No. It’s 135e9 TONNES (not barrels). I knew that couldn’t be right. Anyways comparing a ton of coal to a ton of oil is a very far stretch to make, anyways.
Hello on Mon, 30th Oct 2017 3:25 pm
I don’t know Clog. I simply don’t know.
I don’t have the insight and technical know-how to judge how doable and likely any of your happy tech solutions are.
That’s why I simply say: I’ll wait and see.
Cloggie on Mon, 30th Oct 2017 4:04 pm
You are right but 135 billion ton on 23 trillion ton is still 23/.135 = 180. And that is just the North Sea, the most drilled sea in the world, after perhaps the Gulf of Mexico.
There is absolutely no lack of combustible material for centuries to come and certainly for a few decades to set up a renewable energy base.
There is no energy problem.
Cloggie on Mon, 30th Oct 2017 4:18 pm
https://beta.theglobeandmail.com/news/national/halifax-music-fest-apologizes-for-overt-racism-at-lido-pimienta-concert/article36748656/?ref=http://www.theglobeandmail.com&
Some Columbian gate crasher to Canada and “artist” demanded during a show that white people should stand at the back of the hall. And surprise, surprise, they did! Except one woman. Later the organizers apologized for her raycist behavior.lol
I have to give it to you apneakike, you certainly have you Anglos under control. I’m sure Davy and MM would do the same.
Apneaman on Mon, 30th Oct 2017 4:36 pm
clog has a PINK swastika tattooed to his lower back so his Nazi fagboy buddies can look at it when they take him for a drive.
The Strange, Strange Story of the Gay Fascists
‘So the idea of a gay fascist seems ridiculous. Yet when the British National Party – our own home-grown Holocaust-denying bigots – announced it was fielding an openly gay candidate in the European elections this June, dedicated followers of fascism didn’t blink. The twisted truth is that gay men have been at the heart of every major fascist movement that ever was – including the gay-gassing, homo-cidal Third Reich. With the exception of Jean-Marie Le Pen, all the most high-profile fascists in Europe in the past thirty years have been gay. It’s time to admit something. Fascism isn’t something that happens out there, a nasty habit acquired by the straight boys. It is – in part, at least – a gay thing, and it’s time for non-fascist gay people to wake up and face the marching music.
Just look at our own continent over the past decade. Dutch fascist Pim Fortuyn ran on blatantly racist anti-immigrant platform, describing Islam as “a cancer” and “the biggest threat to Western civilisation today.” Yet with two little fluffy dogs and a Mamma complex, he was openly, flamboyantly gay. When accused by a political opponent of hating Arabs, he replied, “How can I hate Arabs? I sucked one off last night.”’
https://www.huffingtonpost.com/johann-hari/the-strange-strange-story_b_136697.html
JuanP on Mon, 30th Oct 2017 4:40 pm
Hello, Your racist comments really add a lot to the conversation. Where would we be without your humor and wit! What a waste of resources it is to educate a brutal, primitive animal like you.
Cloggie on Mon, 30th Oct 2017 5:40 pm
“Just look at our own continent over the past decade. Dutch fascist Pim Fortuyn ran on blatantly racist anti-immigrant platform, describing Islam as “a cancer” and “the biggest threat to Western civilisation today.” Yet with two little fluffy dogs and a Mamma complex, he was openly, flamboyantly gay. When accused by a political opponent of hating Arabs, he replied, “How can I hate Arabs? I sucked one off last night.”’”
You know what Arabs do with buttnights when they are in majority?
http://www.independent.co.uk/news/world/middle-east/isis-fighters-throw-another-gay-man-off-a-tower-and-stone-him-to-death-when-he-survives-fall-10084618.html
No wonder it was somebody like him who began to revolt.
But for jews like you, muslims and africans a merely a weapon, a new proletareate your kind intends to use against your hapless naive uneducated Anglos.
Here is my order for your: humiliate them for us in Europe and let your proletariate of color lose on them.
https://youtu.be/RC-Cqkq6zWc
Once you have dealt with Trump, discredite every aspect of white culture, throw “racists” in your gulags, destroy every statue of Jefferson, etc. Ram any idea of “exceptionalism” out of their heads, make them curse America. Do this all to make them yearn for Europe. Oh wait, you intended to do that any way, like in Soviet-Russia, good boy.
We in Europe in the mean time will integrate our army. It is time to pay North-America a visit again, like in 1776. But this time it is not the British whose asses needs to be kicked, but yours. Perhaps we will even bring the Chinese with us, just to be on the safe side. We can feed the Red Dragon with nice pieces of meat, like Australia and NZ, as a little Dankeschoen. Time to phase out Anglo-Zionism from history.
MASTERMIND on Mon, 30th Oct 2017 5:58 pm
Cloggie I found a girl who you might like. Here is her info.. She sounds interested in white guys like you!
https://i.redd.it/sgbr4pxyg0vz.jpg
Cloggie on Mon, 30th Oct 2017 6:04 pm
https://youtu.be/zFuJnAE6qX4
Pim Fortuyn (bald) and Theo van Gogh (family painter), two Dutch resistance leaders in 2001.
Fortuyn was killed in 2002 by a green-leftist and van Gogh in 2004 by a muslim. Populists are growing everywhere in Europe, in Holland the PVV is second. Won’t be long until we will take over power and we together with Russia can blow up the empire by stepping out.
Hello on Mon, 30th Oct 2017 6:29 pm
Hi JuanP,
I don’t understand why my comment is racist.
Can you explain. A negro is simply not very smart, not my fault. Were you trained in public school to believe otherwise?
Would you like to have some surplus negros? I have a few in my neighborhood. They are free. I would even pay a couple of airfare tickets (one way) to get them delivered right to your house.
Davy on Mon, 30th Oct 2017 6:32 pm
Ape, pegged the dumb dutch dude.
rockman on Mon, 30th Oct 2017 6:57 pm
“…but would the prices have been high enough to attract investors without many other inputs such as low interest rates…?
In 1989 the LIBOR rate (which most companies are pegged to was 8% – 9%…about 10X+ higher then they are currently and we had the same numbers of rigs running then as now. IOW higher interest rates never discourage drilling investments as much as higher oil/NG prices encourage them.
As far as interest rates on credit lines increasing if it happens it happens. But only on new debt. In 4 decades I’ve never seen the interest on existing debt increase over time…it ward always fixed at the time the debt was taken. Maybe you’re confusing oil patch debt with variable rate mortgages. Pull up the bond debts of any oil patch pubco and you’ll see various rates that are fixed to a specific maturity date. Of course if a company refinances a bond instead of paying it off then the new debt would be at however the current market is running. But the old rates have not increased.
makati1 on Mon, 30th Oct 2017 7:00 pm
Hello, you are very racist. Keep in mind that what goes around, comes around.
MASTERMIND on Mon, 30th Oct 2017 8:02 pm
Same for you Madkat wishing death and destruction to millions of innocent Americans…
makati1 on Mon, 30th Oct 2017 8:11 pm
MM, no American is “innocent” if they are an adult.
I am not wishing it, it is happening without my help. I am just an outside observer.
Americans have asked for what is happening and what is coming. Blow-back is a bitch.
MASTERMIND on Mon, 30th Oct 2017 8:36 pm
Studies reveal that only continuous improvement of individual living conditions provide the basis for tolerant and open societies. Setbacks in economic growth can lead to an increase in the number of votes for extremist and nationalistic parties.
Source: German Army Peak Oil study 2012
https://www.permaculture.org.au/files/Peak%20Oil_Study%20EN.pdf
MASTERMIND on Mon, 30th Oct 2017 8:38 pm
makati1 almost every single day you say you hope America collapses. But you don’t consider that wishing? Fine you are HOPING even worse and more psychotic….Get some help if not for your own sake for your families..
makati1 on Mon, 30th Oct 2017 9:24 pm
MM, yes, I hope it happens soon and that is NOT psychotic. That is a wish for the US’ endless wars to end and soon, while there are still some countries left.
Rabid America needs to be put down. The sooner the better. It is going to happen, and is happening, so speed it up so we can move on. Tomorrow would be fine with me, but it will likely take a few more years.
America’s problem is that it hasn’t been touched by any real wars or deaths on the American continent for over 100 years. You need to be reminded of the cost of plunder and wars that you have been paying for, and supporting, for decades. Death and destruction similar to that you are causing in the ME. It is coming. I hope you are preparing for it.
MASTERMIND on Mon, 30th Oct 2017 9:56 pm
makati1
Humans have been waging wars for resources and survival since the dawn of evolution. Even the Indians created tribes and would battle one another. Humans, wolves and chimpanzee’s kill and attack one another all the time. Its just nature…The US behaves in no different way then any other country or empire of its size and structure.. If you only focus on the negative then you will only see one side of the equation and there are many, many factors to consider. But who needs to look at the big picture when you can just find some fake news from tyler durden on zerohedge or the burning platform…And like I said the US will be the last country to go down. All the studies i have posted show a global collapse. You are just living in a fantasy land…Do you really think the bloodthirsty deep state will just go quietly in the night and allow others like Asia to rise out of the ashes? Are you insane? We will go to war and it will be a battle to the death. And we eat pieces of shit like your tiny island for lunch. We control all the satellites pretty much in space. We could shut down the entire network of GPS, satellite TV, etc…
MASTERMIND on Mon, 30th Oct 2017 9:59 pm
The things you say madkat get stupider by the day! Early Alzheimer? Keep popping those pills; maybe you will remember what century we are in.
makati1 on Mon, 30th Oct 2017 10:41 pm
MM, just because it has happened before does NOT mean it needs to continue. Not to mention that those countries also got destroyed by blow-back eventually. Now it is America’s turn. You are just (un)lucky enough to be living in those times.
You can deny the source and ‘kill the messenger’ but facts are facts and reality is reality, no matter how much you deny it. Americans are deluded into believing they deserve the plunder and are safe. Both are 100% wrong as you/they are going to find out soon.
The Deep State is the one that is deliberately taking down the US because it is NOT tied to anyone country. It is tied to the One World Order plan that means the US has to be leveled to a world average so it can take over. Blind patriotism is killing America as sure as debt and drugs. The ability to think outside the USMSM Iron Curtain is rare among Americans. As is rational, moral thought.
BTW: You are the one suffering from mental problems. I take no meds nor need any. I see reality and accept it. I am not afraid to die, but you are. So are most Americans or they would rise up and change their destiny. Not going to happen until they are forced to by war on their home turf and/or total economic collapse. Wimps all. More interested in which bathroom to use. lol
makati1 on Mon, 30th Oct 2017 11:23 pm
MM, I am a realist: “a person who recognizes what is real or possible in a particular situation :one who accepts and deals with things as they really are.” Merriam-Webster
I put the many hundreds of pieces, I see and read, together into a realistic scenario. I can recall 70+ years of experience in this world to draw on for perspective, from Ike and the Korean war to now. 60+ years of which were spent in the US. I am not blinded by any patriotism or propaganda.
You, on the other hand, are delusional, irrational, and immature. Your blind patriotism is going to be your death. You exaggerate the supposed strengths of a dying country as if they are prof that you are safe. You are not.
Even little NK has two satellites that orbit over the central US several times daily. Either or both could carry an EMP nuke. Either could seriously cripple the US in minutes. Both Russia and China can level the US in an hour. The oceans no longer protect America. Tech has changed everything. You are NOT safe.
My “tiny island” is not in any cross-hairs. It is seldom in international news and that is good. The more it is forgotten by the West, the better. There is nothing here to draw a nuke or even an invasion. Nothing China or Russia want that cannot be negotiated by diplomacy. The Ps has no enemies. The US has most of the world as enemies. You just don’t realize it. Yet.
MASTERMIND on Mon, 30th Oct 2017 11:27 pm
makati1- I assure you I am under no delusions I understand what is coming and I have long accepted my fate. You are the one thinking that somehow someway, your country along with other nations in Asia will survive the economic collapse caused by limits to growth…You won’t you have no evidence or REASON to believe your country or region will be spared. And you have a ton of reasons to believe otherwise. But you ignore all the reasons and change the subject to be only about the America…You are willfully ignoring the science I have provided. And just plain wishing you will be spared based on no evidence and nothing but faith…
MASTERMIND on Mon, 30th Oct 2017 11:32 pm
Madkat can you please show me some evidence that says Asia will survive the economic collapse imposed by limits to growth? Please just one reference?
makati1 on Tue, 31st Oct 2017 12:18 am
MM, Many countries will ‘survive’. I don’t need to give refs, just use logic. You wield “limits of growth” as if it were some quote out of a religious book. It is not. ‘Growth’ will continue after the collapse, as it will NOT affect all countries equally. Even you should see that.
Collapse is going to affect the countries most dependent on globalization. Mainly the West and its wannabees. Particularly the US, which has to import most of the things it needs from Asia. China is developing new markets for its production (Russia, Africa, the ME, etc). An alternate financial system is well under way in both Russia and China. THEY are preparing for the collapse and the world after. The US is just denying it.
What proof do YOU have that most of Asia will NOT survive, and maybe even thrive, after the collapse? I can answer that in one word. NONE. Asia is an old part of the world with at least 5,000 years of “survival” behind them. They can survive on what an American would consider starvation rations.
You like to point out population numbers. Parroting US propaganda? Some others here also wield those numbers like they are apples and apples when they are apples and carrots. Not at all comparable. I have never seen a study on the actual carrying capacity of an acre of temperate (one growing season/year) farmland to that of an acre of tropical (three growing seasons/year) farmland. They are hugely different.
The Ps may have to abandon the cities, but that would not be a disaster, just an inconvenience, except for the elite who own everything in them. This is a totally different culture. A “do-it-yourself” survival culture. America has no culture, just a chaotic, lazy mob. lol
Antius on Tue, 31st Oct 2017 3:11 am
‘Hello, you are very racist. Keep in mind that what goes around, comes around.’
Empirical evidence of the truth of Hello’s point that their are substantial mental differences between people of different races.
https://www.amazon.co.uk/s/ref=nb_sb_ss_ime_i_2_14?url=search-alias%3Dstripbooks&field-keywords=the+bell+curve&sprefix=The+bell+curve%2Caps%2C158&crid=17FAGFP1WBSIU
And it isn’t so simple as different races having a different Gaussian distribution of IQ. It is as much about the way they think. Evolutionary forces have acted on each people in subtly different ways.
Cloggie on Tue, 31st Oct 2017 3:26 am
Humans have been waging wars for resources and survival since the dawn of evolution. Even the Indians created tribes and would battle one another. Humans, wolves and chimpanzee’s kill and attack one another all the time. Its just nature…The US behaves in no different way then any other country or empire of its size and structure.. If you only focus on the negative then you will only see one side of the equation and there are many, many factors to consider. But who needs to look at the big picture when you can just find some fake news from tyler durden on zerohedge or the burning platform…And like I said the US will be the last country to go down. All the studies i have posted show a global collapse. You are just living in a fantasy land…Do you really think the bloodthirsty deep state will just go quietly in the night and allow others like Asia to rise out of the ashes? Are you insane?
Wow, what a splendid mixture of realism and stupidity. You know “mastermind” why in a zoo they don’t mix tigers and lions? No? Because the tigers will kill the lions, that’s why. They do that, regardless of how loud you shout “racism” or “can’t we all just get along?” or “don’t you know that diversity is out strength” or similar ADL baloney.
Last country going down? More Hollywood rubbish a la Davy. America is a very young, inexperienced and naive country, populated by civilians, saturated with media images glorifying America’s greatness and invincibility. In reality your country is about to go up in flames as a result of decades of mass immigration, creating a deeply polarized country. Trump was elected for one reason only: the desperate, demoralized, drugged, aging, white still majority is demographically with the back against the wall and correctly fears beging pushed into minority status by “your” deep state, governed by the Soros, Haas, Yellen and apneaman types. You are the “lions” in the US-zoo and the country is being inundated by “tigers”. Good luck with that.
We will go to war and it will be a battle to the death. And we eat pieces of shit like your tiny island for lunch. We control all the satellites pretty much in space. We could shut down the entire network of GPS, satellite TV, etc
More Hollywood Starwars idiocy. In reality you get your asses kicked by North-Vietnam (15 million) and God-forbid even by Somalis (“Black Hawk down”) or Lebanese (one bomb suffices to get you running). You are getting nowhere in Afghanistan or Iraq. The moral strength of your country is such that you begin to whine at 40,000 deaths. And now your army of hired thugs is mixed-race, with zero coherence or solidarity. I doubt if Washington will be even able to mobilize this honky-tonk army for a major war in Asia. Everybody will defect in advance.
makati1 on Tue, 31st Oct 2017 3:29 am
IQ as measured by … Caucasians, with The tests slanted towards … Caucasians.? And that is “proof” of exactly what? That Caucasians are devious? We all know that.
If Caucasians are more intelligent … how do you explain that Asians have a higher IQ? And does survival depend on IQ or maybe ability to adapt? I don’t see Caucasians, especially in the West, being able to adapt to coming conditions. I do see the “lesser” of humanity adapting very well. They already live closer to future conditions than most Caucasians.
And your point is…?
DerHundistlos on Tue, 31st Oct 2017 3:30 am
If Germany won the war, we would not be facing the very real prospect of human extinction in the near future due to ecological collapse. Why? National Socialist Germany was the first country to adopt a coherent policy toward environmental protection and animal welfare. Example, if not for German military forces evicting the Soviets from razing Europe’s last untouched wilderness, it’s estimated by the author of, “The World Without Us” that around 50% of Europe’s mammal species would be extinct.
I’m just saying that it’s interesting to ponder. No need to comment with replies about the Jews and Gypsies.
Cloggie on Tue, 31st Oct 2017 3:31 am
Ape, pegged the dumb dutch dude.
Where exactly did he do that? Quotes please.
Already bought your one-way ticket to Italy yet, to flee from the revenge of your local Missouri deplorables, once they find out you are a (wannabee) 1% traitor?
Cloggie on Tue, 31st Oct 2017 3:43 am
Under the thin, vulnerable veneer of “American identity”, that can be washed away in a brief moment like cheap make-up, DerHund shows where his heart really is.
Yugoslav fake commie identity ceased to exist in 1991. There are no Yugoslavs anymore. Nobody wants to be called a Yugoslav.
Americans after say 2025, same story.
http://tinyurl.com/yazyv53b
https://www.amazon.com/Suicide-Superpower-Will-America-Survive-ebook/dp/B004YD36HS/ref=sr_1_1
Cloggie on Tue, 31st Oct 2017 3:48 am
JuanP says ‘Hello, you are very racist. Keep in mind that what goes around, comes around.’
I agree with JuanP that Hello’s tone is not very helpful. But be honest to yourself Juan, once America will come crashing down, you will flee yourself to ultra-white Uruguay. Admit the racist/opportunist in yourself.lol
Cloggie on Tue, 31st Oct 2017 4:11 am
If Caucasians are more intelligent … how do you explain that Asians have a higher IQ?
Chinese have the same IQ, Koreans indeed a few points higher than Caucasians. IQ is very important but not the only determinant for achievement. Over the last thousand years the achievement of the Asians has been very limited…
http://tinyurl.com/y9b76bjg
Why? Because of their extreme conformity and lack of individualism. To invent something you must be able to “think out of the box” and give the finger to authority. A no-no for Asians. Chinese and Japanese are very good at copying and picking things up… after Caucasians gave the good example. But I still have to wait for a real ground-breaking Asian innovation, like a car, train, place, missile, internet, vaccins, whatever.
That Caucasians are devious? We all know that.
How can you live with yourself makati?
Your lack of loyalty towards your own race is staggering, almost as bad as that of Davy and he is really bad.
Or is there any truth after all in my earlier hypothesis that your mother was Philippine and that she, pregnant of you, had to flee to the US, together with her GI Joe, when in 1942 the Japanese invaded the Ps? The age fits.
Forget it, I know your story… German/Austrian, 16th generation and all… but something doesn’t fit.
Davy on Tue, 31st Oct 2017 4:15 am
Race/intelligence IQ thingy is just a game. Intelligence varies from individual in the nature/nurture situation. Wisdom is more important in my opinion. There are far too many very intelligent jerks and imbecile. There are intelligent people who can’t function properly in a basic survival situation. WTF, am I supposed to be impressed with that. We think we are so intelligent today but we are really just specialized. Being specialized then we specialize the test for who is intelligent. That basically is dishonest. Whoever established the game rules for what is intelligent in life then appears the winner. I find simple less intelligent people, by European standards, in the right niche better adapted than the smarter alternative. So what is intelligence firstly? I am especially suspect of a European culture who says they are racially superior because of intelligence and civilization when it is the European way that has killed a planet and brought us to the brink of extinction.
Racism is many things. Would some here be racist if they were not overrun by people of other races and culture? Fences make good neighbors has a lot of merit. A lot of racism is insecurity of one’s self. We ourselves are not up to our own standards so we blame others. I am very suspect of intellectuals and academics talking the race card because they assume the ground rules and assume what basic human value is. That is intellectually cheating because ground rules are not for humans to establish. Nature establishes ground rules and it is obvious we are violating them at every turn. Intelligence got us to the brink of oblivion and nature is showing us our idea of intelligence is plain wrong.
I am against immigration and race/culture mixing anymore. A little is OK and it is going to happen so let’s adapt and adjust but let’s not promote it like it is a good thing. We need to respect the fact that when cultures get watered down with too much spice they lose their distinctive character. Globalism has homogenized the world for the worse. This has occurred with people and nature. We have introduced invasive species, including ourselves, into places we don’t belong. We now have a garden with weeds. Racism is a complicated topic and one that should not be look upon necessarily as bad but also it should not be a value judgment used selfishly by any one race. It should be looked upon as a result of people being violated on both sides and as a warning for the future.
makati1 on Tue, 31st Oct 2017 4:26 am
Cloggie, I am a realist. Caucasians ARE devious. Very. Look at the world around you.
Loyalty has to be earned, not demanded. I have loyalty to a few friends and to some of my family. Beyond that, none.
BTW: My mother is/was Scotch Irish. My family has mostly UK and German roots. There may be some African in there somewhere, but no Asian as far as I know. Yes, many generations in the New World. lol
Davy on Tue, 31st Oct 2017 4:33 am
mad kat you are a fictionalist. You live in a dementia world that is childlike. Children brag about themselves and continually cut down others. You are a failure that now tries to emotionally cover his failure as a cat tries to bury its shit.
Davy on Tue, 31st Oct 2017 4:39 am
“once America will come crashing down, you will flee yourself to ultra-white Uruguay. Admit the racist/opportunist in yourself.lol”
Clogged, you have nowhere to go in your overpopulated low lands. You stupid dutch will consume each other when the world starts contracting. The sea will than reclaims your little land an erase the scars. Of all on this board you and mad kat are in the worst overshoot situation. Look at your densities dumb dutchman. You are like mad kat and only see danger with the other guy.