Friday, May 4, 2012

Pacific Vortex: the Merchant Marine

pg 234

"The Coast Guard, the Navy and the Merchant Marine were all taken in by the eerie discovery aboard the yacht."

The United States Merchant Marine is made up of the nation's civilian-owned merchant ships and the men and women that crew them. The merchant marine transports cargo and passengers during peace time. In time of war, the merchant marine is an auxiliary to the Navy, and can be called upon to deliver troops and supplies for the military.

The people of the merchant marine are called merchant mariners, and are civilian except in times of war, when, in accordance with the Merchant Marine Act of 1936 they are considered military personnel. As of 2009, the United States merchant fleet numbered 422 ships[4] and approximately 69,000 people. Seven hundred ships owned by American interests but registered, or flagged, in other countries are not included in this number.

one of the Arab oil countries
OPEC (Organization of Petroleum Exporting Countries) is a permanent, intergovernmental Organization, created at the Baghdad Conference on September 10–14, 1960, by Iran, Iraq, Kuwait, Saudi Arabia and Venezuela. The five Founding Members were later joined by nine other Members: Qatar (1961); Indonesia (1962) – suspended its membership from January 2009; Libya (1962); United Arab Emirates (1967); Algeria (1969); Nigeria (1971); Ecuador (1973) – suspended its membership from December 1992-October 2007; Angola (2007) and Gabon (1975–1994). OPEC had its headquarters in Geneva, Switzerland, in the first five years of its existence i.e. 1960 to 1965 . This was moved to Vienna, Austria, on September 1, 1965.

According to its statutes, one of the principal goals is the determination of the best means for safeguarding the organization's interests, individually and collectively. It also pursues ways and means of ensuring the stabilization of prices in international oil markets with a view to eliminating harmful and unnecessary fluctuations; giving due regard at all times to the interests of the producing nations and to the necessity of securing a steady income to the producing countries; an efficient and regular supply of petroleum to consuming nations, and a fair return on their capital to those investing in the petroleum industry.

OPEC's influence on the market has been widely criticized, since it became effective in determining production and prices. Arab members of OPEC alarmed the developed world when they used the “oil weapon” during the Yom Kippur War by implementing oil embargoes and initiating the 1973 oil crisis. Although largely political explanations for the timing and extent of the OPEC price increases are also valid, from OPEC’s point of view[citation needed], these changes were triggered largely by previous unilateral changes in the world financial system and the ensuing period of high inflation in both the developed and developing world. This explanation encompasses OPEC actions both before and after the outbreak of hostilities in October 1973, and concludes that “OPEC countries were only 'staying even' by dramatically raising the dollar price of oil.”

OPEC's ability to control the price of oil has diminished somewhat since then, due to the subsequent discovery and development of large oil reserves in Alaska, the North Sea, Canada, the Gulf of Mexico, the opening up of Russia, and market modernization. As of November 2010, OPEC members collectively hold 79% of world crude oil reserves and 44% of the world’s crude oil production, affording them considerable control over the global market.

The next largest group of producers, members of the OECD and the Post-Soviet states produced only 23.8% and 14.8%, respectively, of the world's total oil production. As early as 2003, concerns that OPEC members had little excess pumping capacity sparked speculation that their influence on crude oil prices would begin to slip.

plugging a gun barrel with a finger
From Mythbusters: Explanation: The MythBusters treaded into cartoon territory to work out whether Bugs Bunny could really make Elmer Fudd's shotgun backfire and explode by plugging his rabbity finger in the barrel.

To ensure no one was harmed in the process, Kari Byron, Tory Belleci and Grant Imahara rigged up a remote-controlled shotgun to test this animated ruse. They also created a ballistic gel mold of Grant's hands and body that had a density comparable to human tissue, to keep his digits intact.

With the plastic finger blocking the bullet's path, the gun fired and blew this myth to smithereens. The fake finger didn't stand a chance against the shotgun shell and exploded — along with the entire dummy arm.

On the second round, the MythBusters used a stiffer wax hand to plug the gun barrel, but it couldn't beckon a backfire either. If Bugs Bunny were real, Elmer Fudd would've slain that wily rabbit a long time ago.

Pacific Vortex annotation complete. Next: Vixen 03

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