Monthly Archives: July 2013

Statoil Signs LoI for AGR’s EC-Drill Managed Pressure Drilling System

Offshore technology provider AGR Enhanced Drilling, via its subsidiary Ocean Riser Systems, has entered into a NOK120m (USD20m) Letter of Intent (LOI) together with Statoil to deliver the next-generation EC-Drill® Managed Pressure Drilling system.

This latest contract will replace a purchase order made last year, when Statoil joined with Norway-based Enhanced Drilling to further develop its EC-Drill® Managed Pressure Drilling (MPD) solution for floating rigs. The initial phase of the project was worth US$5.1m.

The next-generation EC-Drill® system incorporates state-of-the-art control system capability, enhanced riser integration and multiple other features. Testing of the system is due to commence in the autumn and it will eventually be used on the Norwegian Continental Shelf.

EC-Drill® is a step-change MPD solution, solving a challenge commonly encountered in deep-water wells: drilling within a Narrow Pressure Window. EC-Drill® manipulates bottom-hole pressure by changing the level of drilling mud in the riser, enabling the operator to ‘walk the line’ between pore and fracture pressures. It provides a far greater degree of control than conventional drilling while enhancing safety, plus it is possible to cost-effectively hit deep targets that are simply impractical to reach with more traditional drilling techniques.

David Hine, Executive Vice President at Enhanced Drilling, said from the company’s head office in Straume: “This further commitment by Statoil is another significant endorsement of EC-Drill® as a game-changing technology and the benefits that it brings. This next-generation system is a further step in taking Enhanced Drilling towards the forefront of the MPD market.”

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Forensic Document Expert Could Topple the Obama Administration

Forensic Document Expert Could Topple the Obama Administration

WCJournalism

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The Consumer Financial Protection Bureau Wants To Track All Of Your Financial Activities

Asylum Watch

Remember the Dodd-Frank Wall Street Reform and Consumer Protection Act? After the financial crisis of 2008, Senators Dodd and Frank went to work to make sure their fellow Americans would never have to bail out the Too Big To Fail banks again. How ie that working out? Well, the TBTF banks are bigger than ever and the derivatives market is anybody’s guess as to how big it has become. I’ve seen figures ranging from 299 trillion dollars to 400 trillion dollars. If that bubble ever breaks there will be no survivors. But, that will be the subject of a future post.  Today I want to focus on the Consumer Protect part of the Act.

Included in the Dodd-Frank masterpiece was the creation of the creation of the Consumer Financial Protection Bureau (CFPB). Their mission statement reads:

Our mission is to make markets for consumer financial products and services work for…

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Are the Pressures of Failure and Fear of Imprisonment Forcing Obama to Take Over Our Country?

Thursday, July 18, 2013

By Jerry McConnell

We’ve had some bad presidents over the nearly two and one half centuries of our existence, but never as bad and more troubled as we have seen and continue to see from the likes of Barack Hussein Obama.  This plant, quite unexpectedly, came on to our scene with absolutely NO proven background, and no positive credentials of any national significance.  His administration since taking over the role of President in a Usurper status, has been the most administratively faulty and scandal plagued, foolish and perilously reckless and profligately doling out our taxpayers’ money in a bankrupting manner outright to openly declared enemies whom he has befriended.

Among these recipients of his grandstanding and our sorrow are the Islamic terrorists, corrupt anti-American United Nations members,  as well as to personal friends and family.  All this and more while our national debt numbers keep skyrocketing into never before heard of brackets that would embarrass a collective group of ultra rich oil barons.

Sadly for the United States, he is having much fun doing it spending obscene amounts of taxpayer dollars and fueling higher national debt numbers and as reported, he curses revered honorable events such as Independence Day because he could have been playing golf instead.  He is making a mockery of our government and thumbing his nose at the very people WHO PAY THE GREATEST BULK OF TAXES FOR OUR GOVERNMENT.

There is no question that he is accomplishing the assassination and demise or our once great nation (circa BO; Before Obama).  He is on a mission of national destruction that was neither programmed nor spoken of prior to his ascendency to the power of the presidency, under false pretenses of legal citizenship, ever attempting to hand over our sovereignty to the corrupt and greedy United Nations through personally concocted treaties unwanted by the public.

There is also not much question that he and his personal staff of czars and cabinet members are all working tirelessly to find more and more ways to totally destroy our beloved Constitution, proclaimed all over the world as the best and longest lasting legal document of all similar essays of all the countries in the world.  His most recent attack on our staff of support and bible of laws came ironically during this month of birth of our independence from tyranny just as he is now exhibiting.

In the Freedom Outpost on July 11, 2013, Dean Garrison authored “US Citizens Sign Petition For Obama To Repeal Bill of Rights”.  Can you believe it, the fundamental underpinnings of the initial rights of our country’s constitution for the people, including freedom of speech and religion, freedom to bear arms, and actually all of the freedoms that we as American enjoy in our daily lives?

Garrison spoke of “a bunch of apathetic Obama-worshippers who probably don’t know what the Bill of Rights is. Make no mistake my friends. If Obama could have 300 million people in America with this mentality he would. This is exactly how really bad people gain power. If you gain control of enough “useful idiots” then you have a power base that is tough to overcome.”

The author cites this quote from one of, if not the most flagrant tyrants in the history of the world, Germany’s Adolph Hitler; this domineering, slick-talking murderer said, “How lucky for those in power, that people don’t think.”

How lucky indeed.  To think that after all the egregious mistakes and scandalous events in just Obama’s first half year of his second term, let alone the many scary things from his first term in total, his lemmings, or those so densely imbued with his karma and charisma, and trickery and deceit as to be deaf, dumb and blind to keep his approval record in these, his worst days, still at or near the fifty percent mark.  No wonder the man is going for broke and wants the high levels of the United Nations to enshrine him at the head of the entire world.

Then, as if the scandals in Obama’s Departments of the Executive Branch, IRS, NSA, and State, to mention just a few, Obama was not content to quit while his favorable numbers had only slipped a few slots below the 50 percent mark, he decided in his addelpated brain to once again thumb his nose at the taxpayers of the country who support the mining of coal.

in the words of Suzanne Hamner of Freedom Outpost and the Daily Caller, “Obama Will Use $8 Billion Of Taxpayer’s Money To Wage War On Coal, Leaving Thousands Unemployed” online July 10, 2013.  In addition to adding MORE unnecessary and unneeded billions to our lofty and unparalleled national debt, his vendetta against 280 coal-fired generating plants could cost the jobs of thousands of the employees at those plants.

Hey, you Obama voters, how’s all that mountainous national debt and the loss of thousands more jobs sitting with you now?

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Jerry McConnell is a longtime resident of planet earth with one half century on the seacoast of NH.  He is a community activist but promises not to run for President and he feeds ACORN’s to the squirrels.  He can be emailed at lethrneck@comcast.net with complaints or the editor at letters@canadafreepress.com with favorables.

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World Bank’s no-coal decree could leave developing nations in the dark, critics say

By Perry Chiaramonte
Published July 17, 2013
FoxNews.com

The World Bank has approved a new energy initiative that will severely limit funding of coal-fired power plants and projects around the world, meaning developing countries could be unable to obtain access to cheap electricity.

“It will make a difference. [It will] be more expensive for underdeveloped countries to obtain the cheapest form of electricity,” Milton Catelin, Chief Executive for the World Coal Association, told FoxNews.com. “I think the World Bank has moved away from their original purpose and they have failed with poverty eradication so they are jumping on the climate control bandwagon.

“But for the benefit of society as a whole, they [the World Bank] should be at a balance between eradicating poverty and climate control,” he added.

The World Bank’s board said on Tuesday it was seeking to balance environmental efforts with energy needs in poorer, undeveloped countries and was limiting funding of coal-fired power plants and projects to only “rare circumstances.”

Its “Energy Sector Directions Paper” also said it would increase backing of hydroelectric power, which it had originally abandoned nearly two decades ago.

Officials from the World Bank told FoxNews.com that while they are now operating under the new energy initiative, they would look at energy-related issues on a case-by-case basis.

“We think that there will be a certain amount of countries within the next ten years that will not be able to use another viable source of energy,” said Rachel Kyte, Vice President Sustainable Development for the World Bank. “We don’t want to turn around and say that they will have to wait fifteen years for a new source.

“It’s impossible to improve the economy and meet the needs of the poor without having energy,” Kyte said. You cannot have entrepreneurialism going if you cannot flip on the power. What we firmly believe is that you can’t end poverty without addressing energy.”

She added that the World Bank will make allowances for Greenfield coal power generation on a case-by-case basis. The Greenfield method involves an “end point” for a power plant, when its land is restored to its original condition.

The World Bank has been going in a new direction under current president Jim Yong Kim, the first scientist to head the group, and has taken a more aggressive stance on climate change.

In the past, multilateral organizations have been criticized for urging global action to cut carbon dioxide emissions while funding coal-powered plants at the same time.

The World Bank previously defended itself  by saying some of the poorest countries in the world have no other choice and need energy from coal to end poverty.

Now, Catelin said, “The reality is that they listen to the administration in Washington which has taken a negative stance on coal.

“It’s ridiculous to think that the World Bank has anything to do with poverty eradication anymore. They’ve become nothing more than another international body.”

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