Sunday, December 21, 2014

North Korea Doesn’t Have Enough Know-How to Inflict the Kind of Damage That Sony Entertainment Sustained in Cyber Attack: Why the Rush to Blame Them Right Off the Bat?

I don’t understand what’s going on with the FBI statement that North Korea was involved in the cyber attack on Sony Pictures…it’s too sophisticated for a backwards country like North Korea to do on its own, with such devastating precision.

It’s far more likely that China was involved with it, as a demonstration of what it could do if a cyber war were to break out between the United States and China.   The Sony movie was an excuse to throw blame on someone else.

If North Korean hackers were involved, it was with Chinese handlers and hackers sitting right next to them, possibly in Chinese territory due to North Korea’s “limited” Internet access.  

It usually takes months to research who did what, and when, when this level of industrial espionage takes place.   Instead, they rushed out a statement blaming North Korea.   Something isn’t right here.  I’d rather see the FBI take its time in investigating this massive cyber attack, instead of rushing to conclusions that are not supported by the evidence.

North Korea can take its joint investigation and jump off a cliff.

Saturday, December 13, 2014

Hydraulic Fracturing is Good, But Oil Prices Should Stabilize to Keep As Many Suppliers in Business as Possible

I’m a supporter of fracking as it’s helped us reduce our dependence on foreign oil suppliers, such as Saudi Arabia and the rest of the crooked OPEC cartel.   But too much of a good thing is NOT a good thing.

In order for everyone to stay in business and to make a profit, the free-falling oil prices need to stabilize at a level that will do two things: allow fracking to supplement our oil consumption needs while alternative energy continues to be explored, and damage OPEC at the same time.

OPEC’s been screwing us since 1973.  The more we can tell OPEC to go screw itself and rely on our own resources, the less we will need to be involved in foreign conflicts to protect our energy interests.   Iran wants to blockade the Persian Gulf down the road?  Let ‘em.  OPEC forces can fight it out with Iran—without our help.

Of course, the reality is that we’ll still depend on OPEC oil and we’ll have to keep a lid on Iran ourselves, if Israel doesn’t decide to turn Iran into a parking lot first.  

Saudi Arabia seems to be flooding the market with oil to lower the prices to drive more American companies out of the hydraulic fracturing business.   I don’t know how to combat that strategy, except to embargo Saudi and OPEC oil.  

Whoever wins this energy scrap will control pricing for years to come.  If we hope for maximized energy independence, Saudi Arabia and OPEC must not win this fight.