Friday, June 27, 2008

QUAKE IN INDIA

EARTH DESTROYED WITH THE EARTH

GENESIS 6:11-13
11 The earth also was corrupt before God, and the earth was filled with violence.(WORLD TERRORISM,MURDERS)
12 And God looked upon the earth, and, behold, it was corrupt; for all flesh had corrupted his way upon the earth.
13 And God said unto Noah, The end of all flesh is come before me; for the earth is filled with violence (TERRORISM) through them; and, behold, I will destroy them with the earth.

EARTHQUAKES

MATTHEW 24:7-8
7 For nation shall rise against nation, and kingdom against kingdom: and there shall be famines, and pestilences, and earthquakes, in divers places.
8 All these are the beginning of sorrows.

MARK 13:8
8 For nation shall rise against nation, and kingdom against kingdom:(ETHNIC GROUP AGAINST ETHNIC GROUP) and there shall be earthquakes in divers places, and there shall be famines and troubles: these are the beginnings of sorrows.

LUKE 21:11
11 And great earthquakes shall be in divers places, and famines, and pestilences; and fearful sights and great signs shall there be from heaven.

Quake hits remote Indian islands, no tsunami alert JUNE 27,08

NEW DELHI (Reuters) - A strong earthquake shook India's remote Andaman and Nicobar Islands but no tsunami alert was issued and there were no reports of damage, the Indian National Centre for Ocean Information Services said on Friday. The magnitude is 6.3 and it's centred in the Andaman Islands, Srinivas Kumar, an official at the centre, told Reuters.We have not issued any tsunami warning so far and there is no need for widespread evacuation required because it's 6.3. We are studying the situation.The islands lie about 1,200 km (750 miles) off India's east coast.The U.S. Geological Survey said the quake was magnitude 6.7, centered 71 miles southwest of Port Blair, capital of the Andaman Islands, and was 21.7 miles deep.

Hundreds of people were out on the roads in Port Blair, officials and witnesses said. People ran out of their houses and telephone lines were jammed.There is no news of loss of life or property till now, said Casper James, a senior disaster management official in the islands.Police were asking people not to panic and return to their homes.Everything in my office started to shake and we ran out as fast as possible, said Kumar Avinash, a local resident.(Reporting by Krittivas Mukherjee; Additional reporting by Sanjib Kumar Roy in Port Blair; Editing by Alistair Scrutton)

FAMINE

REVELATION 6:5-6
5 And when he had opened the third seal, I heard the third beast say, Come and see. And I beheld, and lo a black horse; and he that sat on him had a pair of balances in his hand.
6 And I heard a voice in the midst of the four beasts say, A measure of wheat for a penny, and three measures of barley for a penny; and see thou hurt not the oil and the wine.(A DAYS WAGES FOR A LOAF OF BREAD)

OIL FIGHT
http://cosmos.bcst.yahoo.com/up/player/popup/?rn=3906861&cl=8544000&ch=4226720&src=news

OIL REPORT ROCKS STOCK MARKET
http://cosmos.bcst.yahoo.com/up/player/popup/?rn=3906861&cl=8538844&ch=4226720&src=news

Oil jumps to new above $142 as equities wilt
By Jane Merriman and Santosh Menon JUNE 27,08


LONDON (Reuters) - Oil leapt to a new record high above $142 a barrel on Friday, extending gains after surging nearly 4 percent in the previous session, as tumbling global stock markets helped to trigger a wider commodities rally.U.S. light crude for August delivery was $1.70 up at $141.34 a barrel by 8:12 a.m. EDT, off a record high of $142.26.London Brent crude was $1.39 up at $141.22, off a record high of $142.13.World stocks fell to a three-month low as a fast deteriorating global inflation picture intensified concerns over the outlook for corporate profits, hastening the rush of investors' funds into commodities.It has a lot to do with asset allocations. The equity markets are under serious pressure, breaking support levels. When equities are going nowhere, the money is parked into commodities, said Olivier Jakob at Petromatrix.The MSCI main world equity index fell more than 0.6 percent to its lowest since March, with the index on track for the worst monthly performance in percentage terms since September 2002, according to Reuters data.By contrast, commodities were strong, with gold near a one-month record high while U.S. corn futures jumped to a fresh record high.Gold rallied to its highest level in a month as oil's rise, a weak dollar and tumbling world stock markets boosted the metal's safe haven appeal.

CURB SPECULATION

A 40 percent surge in oil prices this year has prompted U.S. politicians to take steps to try to curb speculation in the oil market, that some blame for pushing up prices.The U.S. House of Representatives on Thursday approved legislation which directs the Commodity Futures Trading Commission (CFTC), the futures market regulator, to use all its authority including emergency powers to curb immediately the role of excessive speculation in energy futures markets.There is a series of draft laws in Congress to attempt to address this issue, but energy market analysts say it has yet to be proved that funds have driven up the price.We believe the factors driving oil prices higher are fundamental and not speculative, Deutsche Bank said in a research note.Oil needs to rise to $150 a barrel for oil as a share of global GDP to reach the levels that occurred in the early 1980s, the bank said. At that point we will start to see more signs of demand destruction and an eventual tipping point in oil markets.Oil prices have doubled from $70 a year ago in response to supply disruptions and geopolitical tensions in the Middle East. Rising flows of cash into commodities from investors seeking to hedge against inflation and the weak dollar have added to gains.Oil, which had been trading in a range for most of this week, broke out after Libya said it was studying possible options to cut output in response to potential U.S. actions against OPEC countries.We are studying all the options, Libya's most senior oil official, Shokri Ghanem, told Reuters, adding oil producers needed protection from what he viewed as U.S. attempts to extend its jurisdiction beyond its territory.Traders said any hint of bullish news was being used as an excuse for funds to buy.Talks between oil workers and Chevron continued in Nigeria, with the oil minister saying he was confident a deal could be reached, but union officials left open the possibility of a strike early next week.(Additional reporting by Fayen Wong in Perth; Editing by James Jukwey)

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