Senin, 29 April 2013

Ending America's Dependence on Middle East Oil ?? >>..........Today, however, the U.S. finds itself in the position of financially supporting both itself and its enemies in the "War on Terror." This is a consequence of the U.S.'s growing dependence on oil, particularly as a transportation fuel. Currently, the United States consumes 25% of the world's oil while possessing only 3% of world oil reserves. The Muslim world, in contrast, depends on oil far less while possessing 75% of the world's oil reserves. As the U.S. continues to invest in the oil economies of the Middle East and the Muslim world, these economies continue to use their oil revenues to spread radical Islam, promote anti-Semitic and anti-American ideas, and in some cases, develop unconventional weapons. Every time an American goes to a gas station, he is sending money to America's enemies....>> The steeply rising demand for oil today means that the disruption of petroleum production causes oil prices to rise. America's Islamist foes are aware of this reality and view it as America's Achilles' heel. According to an al-Qaeda spokesman, the October 2002 attack on a French oil tanker off the coast of Yemen was a victory against the "Crusader nations." After the terrorist attack against oil employees in Khobar, Saudi Arabia, al-Qaeda leaders bragged that the consequent rise in oil prices caused Americans to suffer. (The website www.iags.org documents terrorist attacks on oil facilities around the world)..>> Electricity can power vehicles. On an electric battery, a vehicle may drive between 20 and 40 miles before the battery needs to recharge, which can be done easily overnight. New hybrid vehicles will carry both an electric battery and a normal engine. The engine will run on gasoline only after a driver exceeds the mile capacity of the electric battery. This will make possible trips longer than 40 miles. These hybrids will empower electricity companies and end the transportation fuel monopoly held by the oil companies...>> FORTUNE's annual list of America's Fastest-Growing Companies, with Houston- based Noble Drilling taking the top spot with earnings-per-share growth averaging 394% annually over the past three years. By category, there were 26 technology companies on the list, followed by energy (22); industrial (20); retail (10); health care (8); and other (14, including financial services). The range of fastest-growing companies is a reminder, FORTUNE says, of the U.S. economy's diversity and depth. (See attached for complete list of Fastest-Growing Companies.)....>> Profit Secrets of the Bakken "The Largest Continuous Oil Formation It Has Ever Assessed" — U.S. Geological Survey.......The greatest investments in history always have one thing in common... They have important catalysts that the majority of investors don 't know about — or don't understand. Most investors had never heard of the Bakken when I started recommending Bakken stocks. Lucky for you, the Bakken still has a few profit secrets up its sleeve... In 2008, the U.S. Geological Survey (USGS) completed its estimate of recoverable light, sweet crude reserves in North Dakota's Bakken formation, located in the Williston Basin. ..>>

Gal Luft is executive director of the Institute for the Analysis of Global Security in Washington, D.C. He is a specialist on strategic issues and energy policy with a PhD in strategic studies from Johns Hopkins University. A former lieutenant colonel in the Israel Defense Forces, his writings have appeared in Commentary, Foreign Affairs, the Los Angeles Times, Middle East Review of International Affairs, the Washington Post and Wall Street Journal. Mr. Luft addressed the Middle East Forum in Philadelphia on October 27, 2004.

Introduction

In both World War Two and the Cold War, the side best deploying scientific innovation and technological advancement achieved superiority. The turning point in the war on militant Islam will similarly arrive in the form of innovation that deprives the enemy of its current advantages.

Today, however, the U.S. finds itself in the position of financially supporting both itself and its enemies in the "War on Terror." This is a consequence of the U.S.'s growing dependence on oil, particularly as a transportation fuel. Currently, the United States consumes 25% of the world's oil while possessing only 3% of world oil reserves. The Muslim world, in contrast, depends on oil far less while possessing 75% of the world's oil reserves. As the U.S. continues to invest in the oil economies of the Middle East and the Muslim world, these economies continue to use their oil revenues to spread radical Islam, promote anti-Semitic and anti-American ideas, and in some cases, develop unconventional weapons. Every time an American goes to a gas station, he is sending money to America's enemies.

To complicate the matter, America is not the only country with a growing demand for foreign oil. China and India, hosting two of the largest and fastest growing economies, are also experiencing a steep rise in their demand for transportation fuel. China, for example, will likely enter into Middle Eastern politics in order to meet this demand. It will need to enhance its diplomatic relations in the region and possibly increase its weapons sales to the Muslim world's oil moguls. Foreshadowing this potential development is the Pakistani nuclear bomb, which was built by the Chinese and financed by the Saudis.

Steep rise in oil prices

The steeply rising demand for oil today means that the disruption of petroleum production causes oil prices to rise. America's Islamist foes are aware of this reality and view it as America's Achilles' heel. According to an al-Qaeda spokesman, the October 2002 attack on a French oil tanker off the coast of Yemen was a victory against the "Crusader nations." After the terrorist attack against oil employees in Khobar, Saudi Arabia, al-Qaeda leaders bragged that the consequent rise in oil prices caused Americans to suffer. (The website www.iags.org documents terrorist attacks on oil facilities around the world).

Some people believe that an American invasion of Saudi Arabia, home to the world's largest oil reserves, will resolve the oil problem. These people fail to look at the situation in Iraq, home to the world's second largest oil reserve. Due to the instability caused by the invasion, the U.S. is not receiving any Iraqi oil and will not obtain any Iraqi oil in the near future. Results from an invasion of Saudi Arabia would be similar.

The U.S. needs to get serious about gradually reducing the demand for foreign oil and bringing about the turning point in the current war. To do so, it must promote scientific and technological advancement by tapping into homegrown fuel sources that can be used for transportation purposes. These include: electricity, coal, and biomass (agricultural waste). Currently, the U.S. has 25% of the world's coal and billions of tons of biomass. In fact, nearly 60% of the garbage Americans throw away can be used as transportation fuel.

Alternative sources of transportation fuel

Electricity can power vehicles. On an electric battery, a vehicle may drive between 20 and 40 miles before the battery needs to recharge, which can be done easily overnight. New hybrid vehicles will carry both an electric battery and a normal engine. The engine will run on gasoline only after a driver exceeds the mile capacity of the electric battery. This will make possible trips longer than 40 miles. These hybrids will empower electricity companies and end the transportation fuel monopoly held by the oil companies.
Alcohol fuels such as ethanol, made from corn or biomass and methanol, made from coal, can also power a vehicle. Flexible fuel vehicles can run on any combination of gasoline and alcohol, thus reducing the overall amount of oil used. There are three million cars on the road today that are built to use the alcohol-gasoline mixture. Ford Taurus, Dodge Caravan, and Mercedes C-320 are all flexible fuel cars. In addition to decreasing U.S. need for foreign oil, flexible fuel will also aid the economy because it will bring new jobs to the American farmers and the American coal miners.
These alternate fuel vehicles can move the U.S. into an energy era free of dependence on OPEC and other oil exporters. Equally significant, the Europeans, Chinese, Japanese, and others will look to the U.S. as the world leader in this new energy era.
Unfortunately, current U.S. energy policy is looking elsewhere, towards seeking oil reserves outside the Middle East. This is at best a short-term and ultimately shortsighted solution. If we deplete the oil reserves outside the Middle East before we deplete the reserves in the Middle East, we will become in time more dependent on Middle Eastern oil than ever before.

Conclusion

To avoid these outcomes, there needs to be a "Set America Free Plan" that will utilize alternate energy sources. In order to effectively implement its principles, leaders of this initiative must use the conservative political movement in America as its avenue to the American public.
Usually, environmental political groups endorse energy initiatives of this nature as part of environmental preservation or anti-global warming campaigns. These campaigns, however, fail to resonate with the American public because of a general apathy toward the environment and distrust of anti-capitalists causes. Contrarily, if the initiative is presented by the conservatives and linked to the national security agenda, it will gain the necessary public support for implementation. Consequently, liberal political groups will also look to endorse the new energy campaign, further bolstering its appeal. Essentially, America will not be able to win its "War on Terror" if energy security is not at the top of its agenda.
This summary account was written by Ari J. Goldman, a research assistant at the Middle East Forum.

 

FORTUNE Ranks America's 100

Fastest-Growing Companies - 

Technology, Oil Drilling 

Companies Dominate Annual List -

http://www.prnewswire.com/news-releases/fortune-ranks-americas-100-fastest-growing-
companies---technology-oil-drilling-companies-dominate-annual-list---76486302.html

NEW YORK, Sept. 8 /PRNewswire/ -- 
 Technology and energy companies dominate 
 
 FORTUNE's annual list of America's Fastest-Growing Companies, 
 with Houston-  based Noble Drilling taking the top spot with 
 earnings-per-share  growth averaging 394% annually over the 
 past three years.  By category, there  were 26 technology 
 companies on the list, followed by energy (22); industrial
 (20); retail (10); health care (8); and other (14, including 
 financial  services).  The range of fastest-growing companies 
 is a reminder, FORTUNE says, of the U.S. economy's diversity
 and depth. (See attached for complete list of Fastest-Growing
 Companies.)
 
 FORTUNE notes the improbability of so many energy companies
 achieving the kind of growth necessary to make the list, with
 oil prices at a ten-year low and many oil stocks in the tank.
 But as FORTUNE writer Bethany McLean points out in "Investing
 Wisely in America's Fastest-Growing Companies," the list is
 based on three-year earnings growth, and three years ago 
 energy company earnings were near a cyclical low.  Then oil 
 demand took off and was still high less than a year ago, with
 oil at more than $20 a barrel last fall. 
 The price is now down around $13, but it took a while for 
 the price drop to hit earnings -- so these companies still 
 look good on three-year earnings growth.
 Their future is far less sunny, McLean warns; Global Marine (#1
 on FORTUNE's Fastest-Growing list last year), warned in August
 that it would miss earnings.
 The stock, which sold at a 52-week high of almost $37, recently
 traded at $12.
 The stock prices of the energy companies on this year's list
 have fallen 42% on average over the past 12 months, to an average
 P/E of just 11 times earnings.  On the positive side, FORTUNE 
 also notes that oil prices are likely to come back eventually, 
 which is why a handful of investors are quietly buying oil service
 company stocks that have dived recently.
     The strength of the technology sector is a bit easier to 
 explain, although the number of tech companies on the list has
 dropped steadily since the peak of 38 in 1996 (down to 35 in 1997).
 The tech sector of the list may be shrinking, FORTUNE's Edward
 Robinson writes, but it's hardly on the skids.
 For example, the list boasts chipmakers, information technology
 consultants, an Internet switch maker, and a wireless company. 
 And in terms of stock performance, the leader on the list is --
 no surprise -- Dell Computer (No. 43), with a 177% one-year price
 change; it stands a strong chance of becoming the best-performing
 equity in the S&P 500 in the 1990s. 
 FORTUNE also explores the necessity of managing growth wisely
 by analyzing the styles of three companies on the list:  Noble 
 Drilling, one of the largest offshore drillers in the world (No. 1);
 Funco, the nation's largest retailer of used videogames (No. 2);
 and circuitboard maker Jabil Circuit (No. 6).
     At Noble, the challenge was to make the offshore operations
 more uniformly efficient and trouble-free, which involved "cutting
 egos down to size" and instituting a standardized system of hiring
 and promotion under the guidance  of CEO Jim Day and Roy Rhodes,
 Vice President of Organizational Development.
 At Funco, company growth depended in part on the CEO improving
 his own management style; as the veteran of two failed business
 startups, David Pomije  had learned a lesson from trusting only
 himself to make every important decision.  "My philosophy was:
 'I'm the boss, you work for me,' " Pomije, 41, says.  Today, his
 management style is totally different:  self-importance is
 out, and hiring experienced people to share the load with is in.
     Jabil Circuit faced another challenge: the belief that the
 company as a whole could pull off anything it tried, a belief that,
 for a while at least, was well founded.  After an ultimately 
 unsuccessful attempt to actually design, build, and manufacture
 an entire computer, instead of just the parts, CEO Bill Morean and
 his team started a process to evaluate future projects.
 There would be no more assuming that Jabil could accomplish
 anything it attempted; projects would be assessed from a standpoint
 of the company's capabilities and weaknesses.
     FORTUNE's list was compiled by Zacks Investment Research
 by looking at earnings-per-share growth over three years, using 
 a moving four-quarter sum.
 No company could make the list if it had a loss over the past
 four quarters or annual growth revenue of less than 30%.
 
     Rounding out the top ten of the Fastest Growing Companies are:
     -- Marine Drilling, No. 3: building on the best yearly 
        earnings in company history, this shallow-water driller 
        has beefed up its presence in the Gulf of Mexico;
     -- Vitesse Semiconductor, No. 4: its name is the French word
        for "speed," it makes chips out of fast-acting gallium
        arsenide, and it can't make them fast enough;
     -- Central Garden and Pet, No.5: on an acquisition binge, this
        lawn-and-pet-products distributor bought Four Paws, a top
        distributor of pet products, in 1997;
     -- Cliff's Drilling, No. 7: a third of its oil goes to 
        Corpoven, a state-owned Venezuelan oil company.  It's 
        selling its 34 rigs to industry giant R&B Falcon;
     -- PairGain Technologies, No. 8: still waiting for that
        fiber-optic cable?
        PairGain's systems have turned old-fashioned copper
        wires into a fast, wide-band medium;
     -- RMI Titanium, No. 9: more than 75% of sales are to 
        the aerospace industry, but new long-term contracts should
        help counter its cyclicality. RMI is also developing new
        uses for titanium;
     -- Sanmina, No. 10: this contract manufacturer to the 
        electronics industry holds the hand of fast-growing 
        customers from the design stage all the way through
        production.
 
     The September 28 issue of FORTUNE is on newsstands beginning 
     September 14.
 
               FORTUNE RANKS AMERICA'S 100 FASTEST-GROWING COMPANIES
 
                               September 28, 1998
 
                               Earnings Per Share
     RANK   COMPANY              Annual Growth                LOCATION
                                    Rate (%)
 
     1  NOBLE DRILLING                 394                   Houston, TX
     2  FUNCO                          276              Eden Prairie, MN
     3  MARINE DRILLING                268                Sugar Land, TX
     4  VITESSE SEMICONDUCTOR          227                 Camarillo, CA
     5  CENTRAL GARDEN & PET           206                 Lafayette, CA
     6  JABIL CIRCUIT                  200            St. Petersburg, FL
     7  CLIFFS DRILLING                200                   Houston, TX
     8  PAIRGAIN TECHNOLOGIES          187                    Tustin, CA
     9  RMI TITANIUM                   180                     Niles, OH
     10 SANMINA                        179                  San Jose, CA
     11 UTI ENERGY                     174                   Houston, TX
     12 VERITAS DGC                    174                   Houston, TX
     13 FIDELITY NATIONAL FINANCIAL    167                    Irvine, CA
     14 WASTE MANAGEMENT               166                   Houston, TX
     15 TJX                            161                Framingham, MA
     16 K V PHARMACEUTICAL             157                 St. Louis, MO
     17 BIOGEN                         156                 Cambridge, MA
     18 GLOBAL MARINE                  151                   Houston, TX
     19 SALTON/MAXIM HOUSEWARES        143            Mount Prospect, IL
     20 CKE RESTAURANTS                142                   Anaheim, CA
     21 SHAW GROUP                     136               Baton Rouge, LA
     22 DSP COMMUNICATIONS             127                 Cupertino, CA
     23 MODTECH                        124                    Perris, CA
     24 NOBLE AFFILIATES               117                   Ardmore, OK
     25 CANDIE'S                       116                  Purchase, NY
     26 RAINFOREST CAFE                113                   Hopkins, MN
     27 OMEGA HEALTH SYSTEMS           113                   Memphis, TN
     28 REXALL SUNDOWN                 111                Boca Raton, FL
     29 WET SEAL                       108            Foothill Ranch, CA
     30 ST. MARY LAND & EXPLORATION    104                    Denver, CO
     31 SEACOR SMIT                    104                   Houston, TX
     32 PRESSTEK                       103                    Hudson, NH
     33 CADE INDUSTRIES                103                    Okemos, MI
     34 IMPERIAL CREDIT INDUSTRIES     100                  Torrance, CA
     35 ENSCO INTERNATIONAL             98                    Dallas, TX
     36 BJ SERVICES                     98                   Houston, TX
     37 PACIFIC SUNWEAR OF CALIFORNIA   98                   Anaheim, CA
     38 ALLIED RESEARCH                 97                    Vienna, VA
     39 TECHNOLOGY SOLUTIONS            91                   Chicago, IL
     40 VWR SCIENTIFIC PRODUCTS         91              West Chester, PA
     41 NBTY                            90                   Bohemia, NY
     42 PARKER DRILLING                 90                     Tulsa, OK
     43 DELL COMPUTER                   90                Round Rock, TX
     44 PETROLEUM DEVELOPMENT           90                Bridgeport, WV
     45 CHART INDUSTRIES                88          Mayfield Heights, OH
     46 INDUSTRIAL HOLDINGS             88                   Houston, TX
     47 ACTRADE INTERNATIONAL           86                  New York, NY
     48 CORRECTIONS CORP. OF AMERICA    84                 Nashville, TN
     49 YORK RESEARCH                   83                  New York, NY
     50 U.S. OFFICE PRODUCTS            82                Washington, DC
 
                                Earnings Per Share
     RANK   COMPANY               Annual Growth              LOCATION
                                     Rate (%)
 
     51  ASCEND COMMUNICATIONS          81                   Alameda, CA
     52  ACCESS HEALTH                  80                Broomfield, CO
     53  PLAINS RE

                  SOURCES               80                   Houston, TX
     54  REMEDY                         78             Mountain View, CA
     55  ZOLTEK                         78                 St. Louis, MO
     56  RENT-WAY                       76                      Erie, PA
     57  PRIDE INTERNATIONAL            75                   Houston, TX
     58  CHRONIMED                      75                Minnetonka, MN
     59  CHS ELECTRONICS                74                     Miami, FL
     60  HOLOGIC                        74                   Waltham, MA
     61  PEOPLESOFT                     73                Pleasanton, CA
     62  NABORS INDUSTRIES              71                   Houston, TX
     63  TRANSACTION SYSTEMS ARCHITECTS 71                     Omaha, NE
     64  SEROLOGICALS                   70                 Clarkston, GA
     65  DEVON ENERGY                   70             Oklahoma City, OK
     66  VARCO INTERNATIONAL            70                    Orange, CA
     67  NATIONAL RV HOLDINGS           70                    Perris, CA
     68  ABR INFORMATION SERVICES       70               Palm Harbor, FL
     69  DAVOX                          69                  Westford, MA
     70  DYCOM INDUSTRIES               68        Palm Beach Gardens, FL
     71  STEWART INFORMATION SERVICES   68                   Houston, TX
     72  GENCOR INDUSTRIES              68                   Orlando, FL
     73  TECHNITROL                     68                   Trevose, PA
     74  QUALCOMM                       67                 San Diego, CA
     75  ACTION PERFORMANCE             67                   Phoenix, AZ
     76  SEMTECH                        66              Newbury Park, CA
     77  INTERSTATE BAKERIES            66               Kansas City, MO
     78  BELLWETHER EXPLORATION         66                   Houston, TX
     79  ASYST TECHNOLOGIES             64                   Fremont, CA
     80  CIBER                          63                 Englewood, CO
     81  AIRTOUCH COMMUNICATIONS        61             San Francisco, CA
     82  COLUMBIA BANKING SYSTEM        61                    Tacoma, WA
     83  DATUM                          61                    Irvine, CA
     84  MASTEC                         61                     Miami, FL
     85  INNOVEX                        61                   Hopkins, MN
     86  AMERICAN ONCOLOGY RE

                             SOURCES    60                   Houston, TX
     87  CONSOLIDATED GRAPHICS          60                   Houston, TX
     88  TRANSOCEAN OFFSHORE            60                   Houston, TX
     89  TSR                            60                 Hauppauge, NY
     90  ACCUSTAFF                      59              Jacksonville, FL
     91  SLI                            59                    Canton, MA
     92  REPUBLIC INDUSTRIES            59            Ft. Lauderdale, FL
     93  DOLLAR TREE STORES             58                Chesapeake, VA
     94  DUCOMMUN                       57                Long Beach, CA
     95  SWIFT ENERGY                   57                   Houston, TX
     96  COMPUWARE                      57          Farmington Hills, MI
     97  CDW COMPUTER CENTERS           56              Vernon Hills, IL
     98  ALTERA                         55                  San Jose, CA
     99  BIO-TECHNOLOGY GENERAL         55                    Iselin, NJ
     100 PRE-PAID LEGAL SERVICES        55                       Ada, OK
 
 

SOURCE  FORTUNE

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