Show Posts

This section allows you to view all posts made by this member. Note that you can only see posts made in areas you currently have access to.


Messages - RE

Pages: [1] 2 3 ... 2268
1
Now about that meatball recipe...

OK, I have decided to REVEAL the RE Secret Italian Meatball Recipe to the Diners.  Since so few people actually read the forum anyhow, it will take a while before some restaurant steals it.

This recipe makes around 20-30 Meatballs, depending how big you like to make your meatball.  Don't make them TOO BIG! Or too small either.  Usually for me its about as much as I can fit in one of my rather small hands and compress nicely to meatball shape.  Try not to obsess too much about making them perfectly round, although I do sometimes. lol.  You can halve or double the recipe depending on the size of the crowd you are feeding.

Ingredients:

1 lb Fresh Ground Beef
1 lb Fresh Ground Italian Sausage (not in the casing is best, but you can also slit open the casings to take out the meat)
   * Your meat obviously is the most important ingredient in a good meatball.  I get mine from my Go-To Food Superstore for meats, 3 Bears.  They grind fresh right there every morning.  The day old grind is OK too  and they knock $2 off the price for that.  You can see right through the window into the butcher area too, very clean.

3 large eggs
~ 3/4 Cup of Progresso Italian Breadcrumbs
Fresh ground Sea Salt & Black Peppercorns to taste

Optional:

The Progresso Italian Breadcrumbs have a nice mixture of spices in them already, a real work saver.  However, if you are working with plain breadcrumbs, you'll need garlic powder, onion powder, oregano, Italian Parsley and a light sprinkling of red pepper flakes.  You can also add Basil and Rosemary if you like.  Usually around 1/2 Tsp works OK, adjust to your taste.

Prep:

Put the meats, the eggs, the breadcrumbs and all the spices into a big mixing bowl and prepare to get your hands all slimy.  Wash off all those nasty bacteria populating your hands also before you start mushing.  Or optionally, you can wear surgical gloves.  Then start MUSHING!  Mush together until you have a nice even consistency.  You may have to add or subtract the breadcrumbs to get it to the right level, depending on the size of the eggs.

The Cook:

Take your meatballs and brown them in a non-stick pan, no oil.  Enough fat will render out of the meatballs to cook them without much sticking, especially in a non-stick pan.  If you use Cast Iron over an open fire, just work at the beginning with a metal spatula to keep the meatballs from sticking and don't have your fire too hot.  Once the fat starts to render out, it's about the same as working with non-stick cookware.

Turn regularly to brown on all sides.  They will lose some of the perfectly round shape you slaved over making at this point, don't sweat it.  They still taste GREAT! lol.

Transfer the browned meatballs into a slow cooker with your favorite sauce, either homemade or canned. I usually use one jar of sauce, 1 can of diced tomatoes and 1-2 small cans of tomato paste.  Slow cook on low for around 4 hours is usually OK, but you can even go overnight for super tender, melt in your mouth meatballs.

Serve over Spaghetti or on a French Bread or other Roll you like.

RE
"the crippled cook of collapse"

A thing of beauty. Actually sounds pretty familiar. And makes me hungry at 9AM...

My grandmother used to put raisins in her meatballs. As a kid, I didn’t like them. You ever heard of that?

Thanks for posting this.

You have an Italian grandmother, so no doubt her recipe is similar which is why it's not really "top secret". lol.  I pulled the recipe from an Italian grandma of one of my friends not long after returning from Brazil.  My neighborhood was packed with Italians and Irish at the time.  Now it is all Asians.

I never tried adding Raisins to a Meatball.  I imagine its pretty good, adding a nice tart sweetness to the meatball.  I'll have to try that.

RE


2
The Diner Pantry / 🚚 RE's Famous Italian Meatball Recipe
« on: Today at 04:54:41 AM »
Now about that meatball recipe...

OK, I have decided to REVEAL the RE Secret Italian Meatball Recipe to the Diners.  Since so few people actually read the forum anyhow, it will take a while before some restaurant steals it.

This recipe makes around 20-30 Meatballs, depending how big you like to make your meatball.  Don't make them TOO BIG! Or too small either.  Usually for me its about as much as I can fit in one of my rather small hands and compress nicely to meatball shape.  Try not to obsess too much about making them perfectly round, although I do sometimes. lol.  You can halve or double the recipe depending on the size of the crowd you are feeding.

Ingredients:

1 lb Fresh Ground Beef
1 lb Fresh Ground Italian Sausage (not in the casing is best, but you can also slit open the casings to take out the meat)
   * Your meat obviously is the most important ingredient in a good meatball.  I get mine from my Go-To Food Superstore for meats, 3 Bears.  They grind fresh right there every morning.  The day old grind is OK too  and they knock $2 off the price for that.  You can see right through the window into the butcher area too, very clean.

3 large eggs
~ 3/4 Cup of Progresso Italian Breadcrumbs
Fresh ground Sea Salt & Black Peppercorns to taste

Optional:

The Progresso Italian Breadcrumbs have a nice mixture of spices in them already, a real work saver.  However, if you are working with plain breadcrumbs, you'll need garlic powder, onion powder, oregano, Italian Parsley and a light sprinkling of red pepper flakes.  You can also add Basil and Rosemary if you like.  Usually around 1/2 Tsp works OK, adjust to your taste.

Prep:

Put the meats, the eggs, the breadcrumbs and all the spices into a big mixing bowl and prepare to get your hands all slimy.  Wash off all those nasty bacteria populating your hands also before you start mushing.  Or optionally, you can wear surgical gloves.  Then start MUSHING!  Mush together until you have a nice even consistency.  You may have to add or subtract the breadcrumbs to get it to the right level, depending on the size of the eggs.

The Cook:

Take your meatballs and brown them in a non-stick pan, no oil.  Enough fat will render out of the meatballs to cook them without much sticking, especially in a non-stick pan.  If you use Cast Iron over an open fire, just work at the beginning with a metal spatula to keep the meatballs from sticking and don't have your fire too hot.  Once the fat starts to render out, it's about the same as working with non-stick cookware.

Turn regularly to brown on all sides.  They will lose some of the perfectly round shape you slaved over making at this point, don't sweat it.  They still taste GREAT! lol.

Transfer the browned meatballs into a slow cooker with your favorite sauce, either homemade or canned. I usually use one jar of sauce, 1 can of diced tomatoes and 1-2 small cans of tomato paste.  Slow cook on low for around 4 hours is usually OK, but you can even go overnight for super tender, melt in your mouth meatballs.

Serve over Spaghetti or on a French Bread or other Roll you like.

RE
"the crippled cook of collapse"

3
It's the natural outgrowth of the Diner, moving it into Real Life.  I have enough of my energy back right now to do this, and so I am doing it.  It is probably an unrealistic dream that many others will follow me, but I will go to my final meeting with the Grim Reaper setting an example for others.  I will die knowing I lived up to my own beliefs and my own ethics and the millions of words I have keyboarded out over the last few decades, since internet communication became a reality in my college years.  I can do no more than that.

It is indeed a Mission from God, as much for me as for the people I am feeding.  Without this, I would not have a purpose and what to do with my crippled ass while I consume more resources.  It is the right thing to do with my last years as a meat package walking the earth at the end of the Age of Oil.

RE

Now about that meatball recipe...

You noticed I skipped over that? lol.

I'll send it to you in PM on the promise you will never reveal it to anyone else, including Contrary!

RE

4
The Potlatch Parking Lot is taking off!  I fed more than a dozen people yesterday out on a cool (finally, thank god!) Alaska evening (what passes for evening in summer here, anyhow).  Menu for the Supper was Corned Beef & Cabbage (and Potatoes & Carrots, all the traditional Irish cuisine, lol) & RE's Original Recipe Italian Meatball Subs.  You can find my Corned Beef recipe on the Cooking Zone Channel of the CollapseCafe.com.  The Italian Meatballs were a HUGE hit, 2 people told me they were the best meatballs they ever tasted!  :icon_sunny:  My recipe for Meatballs is in a sealed envelope to be opened only after I Buy My Ticket to the Great Beyond. ;D

Tonight I am following up with an even BIGGER Potlatch Feast, featuring tonight Spaghetti Your Way, a specialty of mine.  My sauce features of course the famous meatballs, but you also have your choice of grilled hot or mild sausage, grilled shrimp-on-the-barbie or grilled salmon to go with it.  I think the "Surf & Turf" options will be very popular up here.  I'm also making smoked St. Louis Spare Ribs as an appetizer.

Many if not most of these people never talked to each other before, they were just Anonymous Neighbors, ignoring each other in typical modern Amerika insular fashion.  Mostly gone now are the days I remember from my early childhood before leaving for Brazil in New York Shity, where everybody on the block knew everybody else, and if you were a kid and your parents weren't home you could go to any neighbor's house and they would :hi: you and feed you something.  Bringing together your neighbors for a meal breaks down this current cultural barrier quite effectively, although you have to be persistent.  At the beginning, most of these neighbors looked at me like I was nuts.  Now they all smile at me and wave every time they see me.  :icon_sunny:

Of all the things I have done in my life, this pleases me more than anything, even more than all the kids I taught to be strong, courageous and fearless gymnasts.  All the people living in my complex are Poor People, Old Folks, Cripples like me, and young White and Native people who work at the low paid jobs in our society.  Convenience Store clerks, Restaurant employees, Seasonal Construction Workers, etc.  They often have trouble affording food, and about none of them really knows how to cook GOOD food.

That I can afford to give away food to feed  a dozen or more people as a person myself who lives near the Poverty Line is a real testament to how greedy and selfish the rich people who live in our society are who live in Gated Communties and drive the Mercedes to work every day, or the new Tesla if they are Rich Greenies.  How many of these people ever hold a Community Supper out on the neatly trimmed front lawns of their McMansions?  How many ever invite the Landscaper they employ to mow the lawn at close to minimum wage to take Supper with them?  Not too many I would wager.  If everybody with some means would share what they have with others, we wouldn't need a SNAP Card program at all, but Rich Fucks hold onto their money  like it's their God Given right for being good Joel Osteen Christians.

Anyhow, here's some Scenes from an Al Fresco Restaurant now operating here on the Last Great Frontier of Alaska.  :icon_sunny:

RE
"Feed as Many as You Can"

You are doing God's Work.

You need to cut loose that meatball recipe before the Tomb of Ozymandias gets erected. Just sayin'.

It's the natural outgrowth of the Diner, moving it into Real Life.  I have enough of my energy back right now to do this, and so I am doing it.  It is probably an unrealistic dream that many others will follow me, but I will go to my final meeting with the Grim Reaper setting an example for others.  I will die knowing I lived up to my own beliefs and my own ethics and the millions of words I have keyboarded out over the last few decades, since internet communication became a reality in my college years.  I can do no more than that.

It is indeed a Mission from God, as much for me as for the people I am feeding.  Without this, I would not have a purpose and what to do with my crippled ass while I consume more resources.  It is the right thing to do with my last years as a meat package walking the earth at the end of the Age of Oil.

RE

5
https://www.forbes.com/sites/trevornace/2019/07/16/the-mississippi-is-bringing-a-lot-more-than-just-water-to-the-gulf/#71f236f41130

15,500 views Jul 16, 2019, 11:25am
The Mississippi Is Bringing A Lot More Than Just Water To The Gulf
Trevor Nace

Senior Contributor
Science


bottlenose dolphin covered in lesions from Freshwater Institute for Marine Mammal Studies

As Tropical Storm Barry continues to weaken and move north, one might think New Orleans and the Gulf of Mexico are past the brunt of the damage. However, the combination of rainfall from Barry (as high as 24 inches) and continued flooding from upstream Mississippi River leaves much of Louisiana and the gulf still in danger.

While the danger and damage to Louisiana and New Orleans is quite visible there are increasing signs that the Mississippi River is doing long-lasting damage to the Gulf of Mexico it empties into.

The historic flooding of the Mississippi River is bringing unprecedented amounts of freshwater, fertilizers, pesticides, and waste into the Gulf of Mexico. The Mississippi River is the second-longest in the world and drains 32 states and two Canadian provinces all past New Orleans and into the Gulf of Mexico.

This tremendous river is heavily modified from its natural state with dams and levies controlling flow and the agricultural heartland of America adding fertilizers, pesticides and animal waste into the waterway.


Dolphin with suspected freshwater lesions.Institute for Marine Mammal Studies / NOAA

The deluge of freshwater laden with toxins is causing a whole host of issues in the Gulf of Mexico. One such example is the increased die-off of dolphins across the Gulf.

NOAA has declared an Unusual Mortality Event for bottlenose dolphins in the Gulf of Mexico, with 300 found dead since February 1, 2019. This is three times higher than normal and significantly higher than the mortality rate during the height of the BP oil spill in 2010.

The bottlenose dolphins are dying partially as a result of freshwater exposure, which creates lesions across the dolphin's body and eventually leads to death. There are numerous reports of dying dolphins floating nearby beaches and marshes along the coast.


The rate of Bottlenose dolphin strandings per month in 2019 compared to historical rates

Scientists estimate that the Gulf of Mexico dead zone this year will balloon to the size of Massachusetts. The dead zone is a result of fertilizers entering the Gulf of Mexico waters. As the fertilizer is dumped into the gulf it acts as "superfood" for algae, creating a massive algal bloom. The algae then dies and begins to decompose as it is eaten by bacteria in the water. This bacteria respires just like humans and effectively removes all the oxygen from nearby water. These dead zones are anoxic (without oxygen) water and cause widespread die-offs of fish as they suffocate.

The Army Corps of Engineers has a difficult task in balancing the health and safety of Gulf state residents as well as the Gulf of Mexico and its significantly weakened fisheries. The Corps is tasked with managing the outflow of water from the Bonnet Carre. As of July 15, the discharge rate into Lake Pontchartrain was 111,000 cubic feet per second.

As the Mississippi continues to flood there will be ongoing damage both to the land surrounding the river and the Gulf into which it empties, an all too familiar scenario for Gulf residents.

6
Knarfs Knewz / Re: I am taking a break from posting the newz
« on: July 16, 2019, 09:41:28 AM »
"It's a long way to temporary"

  The few days while going over the reported newz of the day, all I am seeing is some aspect of our screwed up world. Literally almost every headline is tragic news, or some aspect of the current immense changes and challenges the human race faces NOW!
It is almost the only way we can relate to the end of empire, and Eco-suicide. There has got to be some people out there who want to go beyond this trend of reporting doom. I will be fishing for the clues to what I hope happens soon.
  It is not the environment that surrounds you, it IS what you do with that environment that makes life tolerable, and it can be our own ideas about playing the game differently. So for now I will looking for some insight to this hurdle I am experiencing.

Knarf


Try Feeding the Masses.  It does wonders for the soul and your outlook on life.  You CAN post depressing newz and maintain a cheery outlook.  I do it every day.

RE

7
The Potlatch Parking Lot is taking off!  I fed more than a dozen people yesterday out on a cool (finally, thank god!) Alaska evening (what passes for evening in summer here, anyhow).  Menu for the Supper was Corned Beef & Cabbage (and Potatoes & Carrots, all the traditional Irish cuisine, lol) & RE's Original Recipe Italian Meatball Subs.  You can find my Corned Beef recipe on the Cooking Zone Channel of the CollapseCafe.com.  The Italian Meatballs were a HUGE hit, 2 people told me they were the best meatballs they ever tasted!  :icon_sunny:  My recipe for Meatballs is in a sealed envelope to be opened only after I Buy My Ticket to the Great Beyond. ;D

Tonight I am following up with an even BIGGER Potlatch Feast, featuring tonight Spaghetti Your Way, a specialty of mine.  My sauce features of course the famous meatballs, but you also have your choice of grilled hot or mild sausage, grilled shrimp-on-the-barbie or grilled salmon to go with it.  I think the "Surf & Turf" options will be very popular up here.  I'm also making smoked St. Louis Spare Ribs as an appetizer.

Many if not most of these people never talked to each other before, they were just Anonymous Neighbors, ignoring each other in typical modern Amerika insular fashion.  Mostly gone now are the days I remember from my early childhood before leaving for Brazil in New York Shity, where everybody on the block knew everybody else, and if you were a kid and your parents weren't home you could go to any neighbor's house and they would :hi: you and feed you something.  Bringing together your neighbors for a meal breaks down this current cultural barrier quite effectively, although you have to be persistent.  At the beginning, most of these neighbors looked at me like I was nuts.  Now they all smile at me and wave every time they see me.  :icon_sunny:

Of all the things I have done in my life, this pleases me more than anything, even more than all the kids I taught to be strong, courageous and fearless gymnasts.  All the people living in my complex are Poor People, Old Folks, Cripples like me, and young White and Native people who work at the low paid jobs in our society.  Convenience Store clerks, Restaurant employees, Seasonal Construction Workers, etc.  They often have trouble affording food, and about none of them really knows how to cook GOOD food.

That I can afford to give away food to feed  a dozen or more people as a person myself who lives near the Poverty Line is a real testament to how greedy and selfish the rich people who live in our society are who live in Gated Communties and drive the Mercedes to work every day, or the new Tesla if they are Rich Greenies.  How many of these people ever hold a Community Supper out on the neatly trimmed front lawns of their McMansions?  How many ever invite the Landscaper they employ to mow the lawn at close to minimum wage to take Supper with them?  Not too many I would wager.  If everybody with some means would share what they have with others, we wouldn't need a SNAP Card program at all, but Rich Fucks hold onto their money  like it's their God Given right for being good Joel Osteen Christians.

Anyhow, here's some Scenes from an Al Fresco Restaurant now operating here on the Last Great Frontier of Alaska.  :icon_sunny:

<a href="http://www.youtube.com/v/opq8ISybBsk" target="_blank" class="new_win">http://www.youtube.com/v/opq8ISybBsk</a>

RE
"Feed as Many as You Can"

8
https://www.globalresearch.ca/iran-vs-spineless-europe-how-far-will-us-western-threats-go/5683369

Iran vs. Spineless Europe. How far will US-western Threats Go?
By Peter Koenig
Global Research, July 12, 2019
Region: Europe, Middle East & North Africa
Theme: Law and Justice, Oil and Energy, US NATO War Agenda
In-depth Report: IRAN: THE NEXT WAR?


Iran announced the second step in reducing her commitment under the 2015 so-called Nuclear Deal, officially known as The Joint Comprehensive Plan of Action (JCPOA), by exceeding the limit set by agreement of 3.67% uranium enrichment and 300 kg of enriched uranium accumulation. When asked by the media about his reaction, Trump says, “they know what they are doing” and adds, “they better be careful”. Pompeo warns Iran of “more isolation, more sanctions.”

Iran waited for 60 weeks, after the US unilaterally withdrew from the deal in May 2018, hoping that the Europeans, the so-called E3 (Germany, France and the UK) would honor their commitment to JCPOA, signed in July 2015 in Vienna, Austria. But to this day, the Europeans cannot bring themselves to detach from the US tyranny of sanctions. So, Iran went ahead with this crucial decision to also step out from the agreement.

Today, RT reports that Iran is forced to step further away from the nuclear deal. Iran is “pushing back against US sanctions and European inaction on trade, Iran is stepping up its uranium enrichment.”

In fact, Iran has already exceeded the 3.67% of enrichment and the 300 kg cap set under the JCPOA. And according to Iran’s deputy foreign minister Abbas Araghchi, who spoke to a press conference a few days ago, the enrichment levels would stand at 5 percent for now. Iran would give it another 60 weeks to wait for the European reaction.

Iran’s Foreign Minister, Javad Zarif, tweeted that

    “All such steps are reversible only through E3 compliance. Having failed to implement their obligations under JCPOA – including after the US withdrawal – EU/E3 should at a minimum politically support Iran’s remedial measures under Para 36 [of the JCPOA], including at the International Atomic Energy Agency (IAEA).” Mr.Zarif added, “E3 have no pretexts to avoid a firm political stance to preserve JCPOA and counter U.S unilateralism.”

IAEA’s Director General, Yukiya Amano has informed the Board of Governors that the Agency verified on 1 July that Iran’s total enriched uranium stockpile exceeded the deal’s limit, and that Iran was in breach of the agreement.

But that is not true. There is no breach. Foreign Minister Zarif, rightly pointed out that Iran’s amassing more enriched uranium than permitted under the deal, was not a violation. Iran was exercising its right to respond to the US unilateral withdrawal from the pact a year ago, to the E3 not honoring their part of the deal, and to Washington’s imposed totally illegal and unjustified punishing sanctions on Tehran.

Zarif confirmed Iran’s action and why, by tweeting,

    “We triggered and exhausted para 36 after US withdrawal. Para 36 of the accord illustrates why. We gave E3+2 [also including Russia and China] a few weeks, while reserving our right. We finally took action after 60 weeks. As soon as E3 abide by their obligations, we’ll reverse.”

Mr. Zarif is absolutely right. Here is what the famous para 36 of the JCPOA says:

    Disputed Resolution Mechanism

    36. If Iran believed that any or all of the E3/EU+3 were not meeting their commitments under this JCPOA, Iran could refer the issue to the Joint Commission for resolution; similarly, if any of the E3/EU+3 believed that Iran was not meeting its commitments under this JCPOA, any of the E3/EU+3 could do the same. The Joint Commission would have 15 days to resolve the issue, unless the time period was extended by consensus. After Joint Commission consideration, any participant could refer the issue to Ministers of Foreign Affairs, if it believed the compliance issue had not been resolved. Ministers would have 15 days to resolve the issue, unless the time period was extended by consensus. After Joint Commission consideration – in parallel with (or in lieu of) review at the Ministerial level – either the complaining participant or the participant whose performance is in question could request that the issue be considered by an Advisory Board, which would consist of three members (one each appointed by the participants in the dispute and a third independent member). The Advisory Board should provide a non-binding opinion on the compliance issue within 15 days. If, after this 30-day process the issue is not resolved, the Joint Commission would consider the opinion of the Advisory Board for no more than 5 days in order to resolve the issue. If the issue still has not been resolved to the satisfaction of the complaining participant, and if the complaining participant deems the issue to constitute significant nonperformance, then that participant could treat the unresolved issue as grounds to cease performing its commitments under this JCPOA in whole or in part and/or notify the UN Security Council that it believes the issue constitutes significant non-performance.

The provocations by the west seem to be inexhaustible. On Thursday, 4 July, the UK, ordered by Washington, has seized an Iranian oil tanker which they suspected of carrying oil for Syria. Al Jazeera reports:

    “British Royal Marines, police and customs agents on Thursday [4 July] stopped and seized the Grace 1 vessel in Gibraltar on suspicion it carried Iranian crude oil to Syria in breach of European union sanctions against President Bashar al-Assad’s government.”

Foreign Minister Zarif tweeted that UK’s unlawful seizure of a tanker with Iranian oil is piracy, pure and simple. Iran denied that the tanker was bound for Syria’s Baniyas refinery – which does not even have the capacity for such a super tanker to dock, says Iran’s deputy foreign minister, Abbas Araghchi. He did not elaborate on the final destination of the super tanker.

It is clear, the UK, in connivance with its transatlantic empire, does the bidding for Trump’s warrior team, Bolton and Pompeo. – How much farther will they go, the provocateurs? Do they want to incite war with Iran, a retaliatory action, like Iran seizing a UK tanker in return – so as to ‘justify’ a western, possibly Israeli, aggression on Iran, with a counter attack by Iran, triggering a direct intervention by Washington – of course, in defense of Israel – and a major conflict, possibly nuclear, might erupt?

Iran most likely will not fall into this trap. But the question must be asked, how far will the US-western threats, sanctions and physical aggressions go?

This morning, 10 July, RT reports,

    “The latest out of Washington is that the US is looking to put together a “coalition” that would “ensure freedom of navigation both in the Straits of Hormuz and Bab al-Mandeb,” as Chairman of the Joint Chiefs of Staff General Joseph Dunford said on Tuesday. These are the waterways connecting the Persian Gulf to the Gulf of Oman, and the Red Sea to the Gulf of Aden, respectively.”

What this “freedom of navigation” means, is outsourcing naval blockade and wester piracy of Iranian oil tankers. And that in the 21st Century. How deep can you, WEST, fall to go for this kind of high sea crime practiced centuries ago? Your moral and ethical deterioration is accelerating rapidly into a bottomless black hole from where there is no return.

There is no question, that Iran does not seek to become a nuclear power, that was never the intention in the first place as was attested already almost ten years ago by the American 16 foremost intelligence agencies, but Iran wants to use its nuclear power generation capacity more efficiently – and that is their full right, especially if the Nuclear Deal is broken. The saber rattling, fear mongering and sanctions are meant to intimidate and punish Iran for not bending to the tyranny of Washington – mainly changing regime and hand over Iran’s riches to the US-western corporatocracy.

What it boils down to is whether the E3 – Germany, France and the UK – have sufficient backbone to go ahead on their own, honoring the JCPOA accord, and whether they and the European Union as a whole, would be willing and sovereignly capable of defending their companies from US sanctions, if they start trading with Iran. This is the question that many European corporations are already asking, especially European oil corporations.

At one point, there seems to have been political will by Europe to circumvent the US sanctions regime by introducing a special payment method, called the Instrument in Support of Trade Exchanges (INSTEX) which would allow companies in Europe to do business with Iran outside the US-and dollar-dominated SWIFT payment system.However, this works only, if the EU stands up for their companies defending them from US sanctions. Otherwise, as Pompeo already hinted,

    “We will simply sanction all companies that use INSTEX.”

In the long run there are three realities to keep in mind.

First, US sanctions will not go away, unless the rest of the world stands up to the US and sanctions them back, in other words stops trading with the US and uses different payment modes than SWIFT and the US-dollar, for example, local currencies, or yuan and ruble through the Chinese International Payment System (CIPS), or the Russian MIR system (MIR – meaning, world, or peace), introduced by the Bank of Russia in 2015 and which is also opening up to worldwide use.

Second, it is only a matter of time until the Europeans, either as a union or as individual countries will realize that trading with the East – Russia, China and all of the huge mega-Continent of Eurasia which also includes the Middle East, is the most natural trading that can be. It has existed for thousands of years, before the ascent of the AngloZionist empire, some 300 years ago. There is no division of seas. It is a contiguous landmass. And everybody from other continents is welcome to join, peacefully, without the intention of domination and ransacking natural resources.

Third, this second reality will be enhanced and accelerated by China’s Belt and Road Initiative (BRI), also called the New Silk Road – which makes already significant inroads with peoples connecting infrastructure – roads, railways, maritime routes – plus industry, education, research and cultural connections and bridges along the BRI-routes. BRI will very likely become the future for connecting humanity with equitable socioeconomic development for decades to come.

Therefore, Iran may seriously consider dropping for now her ambition to trade with the west – the west is a sinking ship. And instead look to the East for the future. It may mean temporary losses – yes, but so what – the future is not composed of a pyramid of fake dollar-based instant profit – but of foresight and vision. Iran is on the right track by aspiring and most likely shortly entering the Shanghai Cooperation Organization (SCO) as a full-fledged member. But, yes, it means dropping the west for now – until the west sees the light on her own.

*

Note to readers: please click the share buttons above or below. Forward this article to your email lists. Crosspost on your blog site, internet forums. etc.

This article was originally published on New Eastern Outlook.

9
Energy / 🛢️ This Shale Fracker's Decision to Sell Says It All
« on: July 16, 2019, 01:35:35 AM »
https://www.bloomberg.com/opinion/articles/2019-07-15/callon-petroleum-buying-carrizo-oil-gas-reveals-fracker-woes

This Shale Fracker's Decision to Sell Says It All

Carrizo bailing out at the bottom shows just how desperately the E&P sector needs to consolidate.
By Liam Denning
July 15, 2019, 7:09 AM AKDT


Shale fracking is a fragmented world. Photographer: Bloomberg/Bloomberg

A big deal in the Permian basin should be cause for fanfare in oil and gas circles. And yet, a distinct sad-trombone note sounds as Carrizo Oil & Gas Inc. falls into the arms of Callon Petroleum Co.

Callon is offering a 25% premium in an all-stock acquisition, based on Friday’s closing prices. But it’s the absolute price that tells the real story. Carrizo is selling out for $13.12 a share, getting it back to where it traded just less than three months ago – and way below the $23 level where it sold a slug of new shares last August. If Callon is engaging in some bottom-fishing, Carrizo is nonetheless grabbing eagerly at hook, line and sinker.
Timing Is Everything

Carrizo is selling to Callon at a low point

Source: Bloomberg

Carrizo’s decision to sell with its stock trading close to its lowest levels in a decade is the salient fact here. It is being paid with stock and its shareholders will own 46% of the enlarged Callon, so they can participate in any gains once the deal is done. They’re better off not looking too closely at their screens on Monday, though: Callon’s stock slumped by as much as 17% Monday morning, wiping out the implied premium.

Even so, there is a compelling logic to shale consolidation. A decade of breakneck expansion has left the onshore U.S. exploration and production business overcapitalized, with a long tail of inefficient smaller companies offering lackluster returns (see this). Carrizo is a prime example. Its total return over the past five years is negative 84%, which makes the sector’s negative 64% look good (the S&P 500 has returned a positive 69% in that time). Indeed, activist firm Kimmeridge Energy Management Co. tried last year to nudge the company into streamlining or selling itself to address this. Carrizo, which was trading at about $17 a share back then, disagreed.

It is telling that up to $45 million of Callon’s synergies target relates to cutting general and administrative overhead. That is equivalent to more than two-thirds of Carrizo’s G&A line, reinforcing one of Kimmeridge’s lines of argument about the inefficiency inherent in such a fragmented industry.

Those cash savings also speak to the other key point in Callon’s marketing push, namely an implied free cash flow number north of $200 million in 2020. Based on Callon’s current price, that implies a pro forma free cash flow yield of about 10%, which may be enough to tempt some investors back into the stock when the smoke clears – although pro forma net debt of two times Ebitda (including synergies) means some of that will have to go toward reducing leverage.

Proving those synergies work and that free cash flow will actually find its way to shareholders is Callon’s main task now. The company hasn’t had a single year of positive free cash flow since 2010, according to figures compiled by Bloomberg. And its own total return has been negative 41% over the past five years – better than Carrizo but still far to the wrong side of zero.

That is the problem with E&P as a whole. Carrizo will hardly be missed by investors, and wringing out some costs would be a good thing. Yet the very fact that Carrizo has chosen to take this price at this time, rather than the usual E&P playbook of banking on the next upswing, says a lot.

This column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.

10
Geopolitics / 🤡 Pelosi responds to 'xenophobic' Trump tweets
« on: July 16, 2019, 12:18:46 AM »
<a href="http://www.youtube.com/v/TTNC6vOkR6c" target="_blank" class="new_win">http://www.youtube.com/v/TTNC6vOkR6c</a>

11
https://oilprice.com/Energy/Energy-General/Shale-Investors-Fear-Bloodbath-As-Earnings-Season-Kicks-Off.html

Shale Investors Fear Bloodbath As Earnings Season Kicks Off
By Nick Cunningham - Jul 15, 2019, 6:00 PM CDT


The oil majors and shale E&Ps will soon begin publishing second quarter results, which will round out a picture of how the industry fared in the first half of 2019.

Shale drillers find themselves at a troubling crossroads. Since 2012, North American oil and gas companies have eviscerated $187 billion in cash flow. Production has soared but the profits have not materialized. For years investors shoveled more capital their way, and the money was dutifully injected into the ground. More oil came up, but again, the financial returns did not follow.

Wall Street is losing patience. “Investor sentiment continues to be negative heading into 2Q,” Goldman Sachs wrote in a note. “Meetings with investors this week indicated that generalist portfolio managers are largely hiding and not seeking.”

By “hiding,” the bank said that investors were sticking with midstream and integrated companies, and also clean energy. They are “not seeking” oilfield services companies, which are particularly out of favor. That doesn’t mean that they are shunning shale altogether, but Goldman’s assessment was that most investors are sticking with “quality,” and the bank cited EOG Resources, Pioneer Natural Resources, as well as the majors, including Chevron and ExxonMobil, as examples.

More notably, Goldman said that while analysts have a wide variety of opinions on things like oil production growth levels, “increasingly specialists are not debating whether stocks go up or down but are flat vs. go down.” In other words, if shale drillers do everything right – they keep capex in check and still produce as much as expected – their share prices will merely stay flat.
Related: Fracking Under Fire In California

On the other hand, if companies need fresh capital injections, decide to spend more, or report disappointing production figures, then their stocks will sink, Goldman warned. There isn’t a huge upside to shale stocks; at best they will tread water.

To be sure, not all investors are of this view. Some see the forthcoming interest rate cut from the U.S. Federal Reserve, slowing oil production growth, “broad economic strength” and higher demand as bullish factors for oil prices and for stocks in the sector.

Goldman said that investors will particularly watch “whether companies that spend meaningfully more than 50% of annual budget in 1H will meaningfully reduce activity during 2H19 and whether this will be a drag on 1H20 production levels.” Also, they will focus on “shale decline rates and the impact on 2020 capex/cash flow.”

The industry is in the midst of a wave of consolidation. The decision by Callon Petroleum to buy Carrizo Oil & Gas is a telling example of the trouble that some shale drillers find themselves in. As Liam Denning at Bloomberg Opinion noted, Carrizo’s decision to sell out at a time when its share price was at a multi-year low suggests that it saw little chance that it would be able to drill its way out of its financial predicament. That’s a departure from the past, when companies sought fresh capital and another round of drilling.
Related: Why Oil Tankers In The Middle East Shouldn’t Hire Mercenaries

t the same time, Callon’s shareholders weren’t pleased either, with its share down 15 percent on Monday after the news was announced. Shareholders have punished companies that take on new spending. The same dynamic was apparent when Occidental Petroleum succeeded in its quest to buy Anadarko Petroleum two months ago.

Unprofitable shale drillers are likely going to head for the exits one way or another, and investors are calling for consolidation, but the path forward is going to be rocky.

In the meantime, most energy forecasters still see huge increases in supply going forward. The IEA, EIA and even OPEC see trouble ahead for the market, with the “call on OPEC” declining in 2020 as yet another wave of shale production comes online. New Permian pipelines set to start up later this year will pave the way for more output.

However, a surge in production, and another supply glut, will not help out shale E&Ps or their tormented shareholders.

By Nick Cunningham of Oilprice.com

12
Surly Newz / Re: Summary - The End Is Closer Than It Appears
« on: July 15, 2019, 09:15:07 PM »
Then you should be criticizing Surly's posts of doom extremism as much as I am. Do you get the difference between predicting the end of industrial civilization within the next 50 years and predicting the end of time in which humans and most other life forms could inhabit this planet within the next 5-10? I know you do. They are worlds apart and they have vastly different implications for how people should go about facing reality.

Of course I "get" the difference.  I'm not stupid you know.  Insinuating that I am stupid is a Violation of the CoC.  But you do clean up that error by then saying you know I do get the difference.  ::)  You never should have written that and then negated what you just wrote.  Puts the incorrect thought into the mind of the reader.  That is the nature of Bernays style propaganda.

I do not have to criticize Surly, or Knarf, or AJ or any other Diner for their opinions that Extinction is imminent.  I do however quite often reply to their posts on these topics to reinforce that an extinction level event for Homo Sap on such a short timescale is highly unlikely.  In fact that is an ongoing theme in many of my blogs where I excoriate Dr. McStinksion for his outrageously short timelines, down at one point to 2020!  He's backed off from that now though. lol.

Try to be more accurate about how you reply to my posting, and don't try Bernays-ing me.  It doesn't sit well with me.

RE

Well then I don't understand why you jumped on me for making the same criticism that you have made on your blogs. Anyway, we can probably agree that the outrageously short timelines for human extinction, professed with high confidence or certainty, is nothing more than reckless speculation and propaganda.

Because that is not what you did.  You attributed to me beliefs in NTHE I do not subscribe to.  That is what I jumped on you for.  If you do read my blogs, you should have known that I "get" the difference between the end of Industrial Civiliation and the end of all life on Earth, or even just Homo Sap life.  However you chose instead to paint me as a stupid man who doesn't understand these differentiations, and moreover you don't acknowledge anywhere until now that I am quite clear and specific on this.  I have to be, because I argue with these folks all the time, and some of them are actually reasonably bright people.

You are so desperate to paint me stupid, to paint the Diner as a failure and to pitch your right wing Fundy Christian belief system you persistently dance around the truth, and often enough outright lie.  That's why you end up in the cooler so often.

RE

13
https://www.bbc.com/news/uk-48987193

Extinction Rebellion protesters block roads in UK cities

    15 July 2019


Extinction Rebellion activists unveiled a blue boat on the Strand in London

Environmental campaigners are blocking some roads across the UK in protest against "inaction" on climate change.

Extinction Rebellion are using five boats to stop traffic in Cardiff, Glasgow, Bristol, Leeds, and London.

The group, which is calling on the government to declare a climate emergency, said it was beginning a five-day "summer uprising".

Police said road closures could hamper the ability of the emergency services to respond to incidents.
Image copyright Extinction Rebellion
Image caption Extinction Rebellion Leeds unveiled a boat on Victoria Bridge

It comes after Extinction Rebellion staged an 11-day protest in April that brought several parts of London to a standstill.

Some of the 1,000 people arrested during that protest appeared in court this week.

The five boats unveiled on Monday were each named after an environmental activist and bore the message "act now".

A blue boat was placed in front of the Royal Courts of Justice in central London, and protesters practised yoga and meditation in the middle of the road.

Transport for London said several buses had been placed on diversion due to the protest.
Image copyright Reuters
Image caption Extinction Rebellion climate activists outside the Royal Courts of Justice in London

Extinction Rebellion said the protesters were there "to demand the legal system take responsibility in this crisis, and ensure the safety of future generations by making ecocide law".

"We also stand in solidarity with climate activists around the world who are sacrificing their freedom to fight for climate justice," it added.

The group is calling on the Metropolitan Police and Crown Prosecution Service to drop cases against those arrested during the April protests.

Outside Cardiff Castle in Wales, a number of Extinction Rebellion members parked a green boat in the street, causing severe delays to bus services.
Image copyright Wales News Service
Image caption Extinction Rebellion activists revealed a boat outside Cardiff Castle that said: 'The sixth mass extinction is here'

Demonstrators also set up tents on grass in front of Cardiff City Hall.

Stephen Lingwood, 37, from Extinction Rebellion Cardiff, said: "People are dying right now of climate chaos in places like India. It's only going to get worse.

"We're at the beginning of the sixth mass extinction and a climate genocide and the government's inaction is, in my view, criminally irresponsible."
Image caption Bristol City Council closed a bridge where activists installed a pink boat

Protesters set up camp on Bristol Bridge with a pink boat bearing the message "tell the truth", as Avon and Somerset Police and traffic management used concrete blocks to close the road to traffic.

Chief Inspector Mark Runacres, an area commander at Avon and Somerset Police, said the force had cancelled officers' rest days to make sure it had "sufficient resources" during the protest.

"Any unplanned and lengthy road closure could impact on the ability of emergency services to respond to incidents," he said.

"We... are factoring this into our plans so we can continue to keep the public safe,"

He added officers would be "robust" in dealing with any anti-social behaviour and disorder.
Image copyright Extinction Rebellion
Image caption Trongate in Glasgow was closed to all eastbound traffic

Campaigners in Glasgow blocked Trongate at the intersection of Gallowgate and High Street with a 25ft purple boat.

One message on the vessel said: "The future you fear is already here".

Glasgow City Council said Trongate was closed to all eastbound traffic between Albion Street and High Street.

The local authority urged road users to consider taking other routes and said there could be congestion on surrounding streets.

    Climate protester arrested for cycling on runway
    What is a climate emergency?
    UK Parliament declares climate emergency

Meanwhile, on Victoria Bridge in the centre of Leeds, activists unveiled a yellow boat.

One demonstrator, Alex Evans, 43, said: "My eldest child is nine years old and for each of those nine years I've watched her future get steadily worse while everyone waits for everyone else to do something on climate change.

"Now we're out of time and we can see climate breakdown all around us. Enough's enough: it's time to act now."

Extinction Rebellion says the UK must act immediately to halt biodiversity loss and reduce greenhouse gas emissions to net zero by 2025.

The government announced in June it would commit to reaching net zero emissions by 2050.

14
Surly Newz / Re: Summary - The End Is Closer Than It Appears
« on: July 15, 2019, 11:43:30 AM »
Then you should be criticizing Surly's posts of doom extremism as much as I am. Do you get the difference between predicting the end of industrial civilization within the next 50 years and predicting the end of time in which humans and most other life forms could inhabit this planet within the next 5-10? I know you do. They are worlds apart and they have vastly different implications for how people should go about facing reality.

Of course I "get" the difference.  I'm not stupid you know.  Insinuating that I am stupid is a Violation of the CoC.  But you do clean up that error by then saying you know I do get the difference.  ::)  You never should have written that and then negated what you just wrote.  Puts the incorrect thought into the mind of the reader.  That is the nature of Bernays style propaganda.

I do not have to criticize Surly, or Knarf, or AJ or any other Diner for their opinions that Extinction is imminent.  I do however quite often reply to their posts on these topics to reinforce that an extinction level event for Homo Sap on such a short timescale is highly unlikely.  In fact that is an ongoing theme in many of my blogs where I excoriate Dr. McStinksion for his outrageously short timelines, down at one point to 2020!  He's backed off from that now though. lol.

Try to be more accurate about how you reply to my posting, and don't try Bernays-ing me.  It doesn't sit well with me.

RE

15
Nice work!  Different topic!  :icon_sunny:

RE

Pages: [1] 2 3 ... 2268