Oil below $102 as US crude supplies seen rising

Oil below $102 as US crude supplies seen rising http://m.apnews.com/ap/db_268743/contentdetail.htm?contentguid=KBpLJIO1 (from @AP)
George Soros advise to DOD on crippling Russia is in effect.

soros vs putinGeorge Soros: U.S. could tap oil reserves to punish Russia

From AP:

The price of oil slipped further below $102 a barrel Wednesday as traders awaited weekly data that are expected to show rising U.S. crude stockpiles.

By early afternoon in Europe, U.S. crude for May delivery was down 22 cents to $101.53 a barrel in electronic trading on the New York Mercantile Exchange. On Tuesday, the Nymex contract fell $1.90 to settle at $101.75.

Brent crude, an international benchmark for oil, was up 3 cents to $109.30 on the ICE Futures exchange in London.

The American Petroleum Industry reported late Tuesday that U.S. stockpiles of crude rose 519,000 barrels last week. That was below the increase of 3.1 million barrels expected by analysts polled by Platts, the energy information arm of McGraw-Hill Cos., but comes after a jump of 10 million barrels registered the previous week.

The report from the Energy Department’s Energy Information Administration – the market benchmark – will be out later Wednesday.

Analysts at JBC Energy in Vienna said “exceptionally high stock levels in the U.S., coupled with the expected increase in domestic output as winter months are behind us, seem to have finally started taking their toll on” the Nymex contract.

Lending some support to prices were continued tensions in Ukraine – where the acting president ordered security forces to resume operations in the country’s east against pro-Russian insurgents demanding closer ties with Russia – and Libya’s inability to normalize its oil exports.

“The agreement reached three weeks ago between the government and rebels in Libya appears to be hanging in the balance,” analysts at Commerzbank in Frankfurt said in a note to clients. “It had envisaged a gradual opening of the oil terminals occupied by the rebels.”

In other energy futures trading in New York:

- Wholesale gasoline was down 0.02 cent at $3.0448 a gallon.

-Heating oil fell 0.04 cent to $2.9951 a gallon.

- Natural gas added 3.4 cents to $4.773 per 1,000 cubic feet.

Game: Ukraine. Biden tells Russia needs to “Act” Acting Ukraine President resumes “Anti-terror” moves against Russia


Do you see the Duck Dynasty “special ops” guy? He’s either a CIA black ops posing as a Russian black ops or just your run of the mill extra actor being rehashed in military like sets to instigate a war of epic proportions. The other guy has been “photographed” at various ops. (Lol since when do black ops allow their photo to be taken?!) Are we about to go to War with Russia, China, Iran, and the rest of those who support Russia?

We did just bribe Iran with $1 B-i-l-l-i-o-n dollars. Was that a pay off or a pay up? Are we financing their nuclear ambitions? Can we go to war with the world when we are all One? Economically it would be suicide, but is that what the IMF wants, to hit the reset button? I remember when I was tied up watching the movements in Egypt, Libya, then Iran and Syria. Each civil war led one to believe we were on the “brink of destruction.” I’m going to guess that the Ukraine game ends the same way as the predecessors, cats game.
At least the charade gives good headlines.
Matt Drudge head of propaganda and misdirects for the better of the last 10 years…
If we go to WW3 I blame the media.

Returning to the mire

2 Peter 2:10-22

10 But chiefly them that walk after the flesh in the lust of uncleanness, and despise government. Presumptuous are they, selfwilled, they are not afraid to speak evil of dignities. 11Whereas angels, which are greater in power and might, bring not railing accusation against them before the Lord. 12But these, as natural brute beasts, made to be taken and destroyed, speak evil of the things that they understand not; and shall utterly perish in their own corruption; 13And shall receive the reward of unrighteousness, as they that count it pleasure to riot in the day time. Spots they are and blemishes, sporting themselves with their own deceivings while they feast with you; 14Having eyes full of adultery, and that cannot cease from sin; beguiling unstable souls: an heart they have exercised with covetous practices; cursed children: 15Which have forsaken the right way, and are gone astray, following the way of Balaam the son of Bosor, who loved the wages of unrighteousness; 16But was rebuked for his iniquity: the dumb ass speaking with man’s voice forbad the madness of the prophet.

17These are wells without water, clouds that are carried with a tempest; to whom the mist of darkness is reserved for ever. 18For when they speak great swelling words of vanity, they allure through the lusts of the flesh, through much wantonness, those that were clean escaped from them who live in error. 19While they promise them liberty, they themselves are the servants of corruption: for of whom a man is overcome, of the same is he brought in bondage. 20For if after they have escaped the pollutions of the world through the knowledge of the Lord and Saviour Jesus Christ, they are again entangled therein, and overcome, the latter end is worse with them than the beginning. 21For it had been better for them not to have known the way of righteousness, than, after they have known it, to turn from the holy commandment delivered unto them. 22 But it is happened unto them according to the true proverb, The dog is turned to his own vomit again; and the sow that was washed to her wallowing in the mire.”

Harry Reid says “It’s not the end” regarding the BLM/Rancher #NevadaStandoff


N4TM Commentary:

Waaahh? That’s Cliven Bundy?! I had not seen one video yet of this crazy guy. Wow, so Reid is going to fight an old cowboy who’s demanding the FEDS do as he (we the people) say? This has terrible joke written all over it. Sad thing is this is “real News” to some.

Excerpt from Article:

“The BLM said Cliven Bundy’s cattle were grazing illegally on federal land – and he owed the government about a million dollars in back fees. Armed militia groups sided with Bundy. Rather than risk violence, the BLM called off the round-up on Saturday and returned 300 head of cattle.
But on Monday, senate majority leader Harry Reid, who represents Nevada, said this isn’t the end of the issue.
“Well it’s not over. We can’t have an American people that violate the law and just walk away from it, so it’s not over.” said Reid.” End of quote

New information

1996: “Bundy states that his rights derive from the fact his Mormon ancestors were using the land far before the federal government claimed authority over it.
One Elko County rancher, Cliff Gardner, has decided to take his case to the 9th U.S. Circuit Court of Appeals, arguing that states’ rights mean the federal government has no authority over the land where his cattle graze.”

July 2009: The federal government is still fighting with local ranchers. They have signs posted all over the public land, stating that it is off-limits for grazing.

Some signs have been chain-sawed down; others have been filled with bullet holes. “There haven’t been any confrontations out there, but we have to be careful,” says Gail Marrs-Smith, who manages the area for the BLM. “We travel in pairs.” Cliven Bundy, a local organic melon farmer, is one of those who resent the changes. To protect an endangered tortoise, Clark County has set aside habitat by buying and retiring all of the government grazing leases in Gold Butte. But Bundy still runs his cows through here, even though since 1993 he has been ordered to desist because he has no permit. Bundy says that his family has grazed here since the nineteenth century and that he doesn’t recognize the authority of the federal government. He has threatened resistance if anyone enforces the court order to remove his cattle from the wilderness. “It’s so blatant,” says Rob Mrowka, a conservationist who works for the Center for Biological Diversity, in Las Vegas. “Anyone can go out there anytime of the year and see cattle. BLM employees trying to protect sensitive plants and animals are very frustrated. It’s a problem that’s been going on and on.”
Everything you need to know about the long fight between Cliven Bundy and the federal government
By Jaime Fuller, Published: APRIL 15, 12:20 PM ET Washington Post

This is “not over” because it’s been useful before in the past and goes back decades. Slight of hand is the oldest distraction game in the book.
Reid and Bundy are dancing.

“U.S., Ukraine sign $1 billion aid deal”

U.S., Ukraine sign $1 billion aid deal:

1 Billion Dollars to Ukraine. And we the American people are to believe this is NOT a pretext for WAR with Russia.

We do not get our oil from Russia, we get our oil from mostly South American countries that oppress their people. We do however make deals with the Saudis and use certain underdeveloped economically oppressed countries to refine our oil, and to a certain extent we are obligated to them to maintain a status quo. The fight in Russia over the Ukraine border has nothing to do with the will of the people, because the will of the people (as far as I’ve read) express an allegiance to Russia and desire to rejoin Russia and leave the EU. Our country is the primary make-up of NATO, when you hear “NATO” is going to protect the people of the Ukraine against the big bad wolf, Putin, you must auto correct that statement in  your mind and read or hear it as, the United States of America is going to further police the world and get into another never ending costly and bloody war with Russia. Think, what is Afghanistan, Iraq, Kuwaitt, Iran, Syria, really about? Is it about terrorism? The “hijackers of 9-11″ were Saudi not Afghani or Iraqi. Many of the mentioned countries made oil burose’s with Russia and China to leave the Saudi blockade.


UPDATE 1-Afghanistan signs major oil deal with China’s CNPC

KABUL, Dec 28 (Reuters) – Afghanistan signed a deal with China National Petroleum Corp (CNPC) on Wednesday for the development of oil blocks in the Amu Darya basin, a project expected to earn the war-torn state billions of dollars over two decades.

The deal covering drilling and a refinery in the northern provinces of Sar-e Pul and Faryab is the first international oil production agreement entered into by the Afghan government for several decades.

“In 30 days from now they will shift their experts and equipment to the site,” Mining Minister Wahidullah Shahrani told a news conference, referring to the CNPC.

“The practical work will start in October 2012.”

The contract is valid for 25 years.

It marks the second major deal for China in Afghanistan after Metallurgical Corp of China signed a contract in 2008 to develop the huge Aynak copper mine south of Kabul, which is due to start producing by the end of 2014. Reuters


State-owned CNPC and joint venture partner Watan Group, a diversified Afghan company, will explore for oil in three fields in the basin — Kashkari, Bazarkhami and Zamarudsay — which are estimated to hold about 87 million barrels of oil.

Trans-Afghanistan Pipeline:  Wikipedia


Iran’s Threat To The Dollar:WBJournal

The charter of the Iranian oil bourse, a commodity exchange that opened in 2008, calls for the commercialization of petroleum and other byproducts in other currencies, primarily the euro, Iranian rial and a basket of other major currencies. Iran sits on one of the largest oil and gas reserves in the world, and it plans to develop an oil market that won’t accept U.S. dollars. In fact, Iran has proposed the creation of a Petrochemical Exporting Countries Forum (PECF), aimed at financial and technological cooperation among members, as well as product pricing and policy making in production issues, not unlike those of the Organization of Petroleum Exporting Countries (OPEC).

Iranian oil bourse: Wikipedia


While researching back story articles to use as evidence or reference pieces to support my theory I found this article and this particular section jumped out at me:

“Afghanistan reflects the illusion of a lost cause. After over 12 years of imperial war and occupation, Washington won’t cut its losses and leave. It’s for good reason.

Afghanistan is considered a geopolitical prize. Plans are to stay indefinitely. War won’t end.

At issue is controlling Eurasia’s vast oil, gas and other resources. It’s controlling the world’s largest opium supply.

It floods world markets with heroin. It provides enormous profits for Wall Street. It gives CIA access to billions of dollars in elicit drug money.

Occupied Afghanistan gives America a strategically located land-based aircraft carrier. It’s part of Washington’s plan to encircle Russia and China with bases.

Both nations represent the only challengers to US global dominance. Imperial supremacy depends on neutralizing their alliance.

China is the world’s second largest economy. In a decade or less, it may surpass America. Russia is a formidable military power. It’s the only nation able to challenge America’s military might.

It has enormous oil and gas resources. China needs access to them. Both nations benefit strategically by allying.

Doing so weakens America’s longterm position. The new great game pits Washington against a Sino/Russian alliance. The fullness of time will tell which side prevails.” Source GlobalResearch (not an endorsement)

Sad to say I don’t read very many articles that lay out “theories” because I read so much “news” articles and pay attention to things I put the pieces together myself. Also, because I have my own blog I don’t often read other people’s blogs or commentary either. I’m an actual ‘thinker’ and like to work out the issues in my own head. I rarely read a story that is independent of something else happening. Over the years I have learned to read “news” with discernment. I’m not always right but this particular issue of “war” for oil, power, money, and control is an old hat. The subject matter is as old as time and is not one that takes great knowledge on my part. We’d be fools to think that any of these latest wars of the 21st century have to do with “establishing democracy” in the world. If you haven’t noticed we are less free and more oppressed than ever before and we, being the US magna-carta driving force, has the greatest responsibility for being the oppressor and instigator. I don’t know if the US will actually go to war with Russia over this “Ukraine” issue or if it’ll smooth itself over after a few skirmishes and a few smack-downs from some MiGs, but indefinitely something will happen at some point–maybe if I wrote a book with a cool graphic I could make a few dollars hypothesizing  but I’ll just pump out my uneducated guesses for free here!

Ukraine signs $10 billion shale gas deal with Chevron: Reuters (Nov. 2013)

Ukraine to invest 1 billion dollars to develop three Iranian oil fields (Xinhua)

09:57, December 26, 2011

TEHRAN, Dec. 25 (Xinhua) — A Ukrainian company will invest 1 billion U.S. dollars to develop three Iranian oil fields, the local satellite Press TV reported on Sunday.

Iran’s Petroleum Engineering and Development Company (PEDC) and Ukraine’s Inter Naft Gas Prom Pars will sign the contract by the end of the current Iranian year (March 20), said the report.

Under the comprehensive development plan of the three oil fields, Koohmond, Boushkan and Kouhkali, 10,000 to 12,000 barrels of oil are expected to be produced per day in the first phase, and about 25,000 barrels per day in the second phase, according to the report.

On Dec. 18, Iranian media reported that it signed an oil contract worth one billion U.S. dollars with the Russian Tatarstan republic’s Tatneft Oil Company on development of Zagheh oil field in southern Iran. But Tatneft Oil Company denied such reports two days later. –end of quote

Ukraine crisis is about Great Power oil, gas pipeline rivalry: Guardian


over a decade ago by Professor R. Craig Nation, Director of Russian and Eurasian Studies at the US Army War College’s Strategic Studies Institute, in a NATO publication:

“Ukraine is increasingly perceived to be critically situated in the emerging battle to dominate energy transport corridors linking the oil and natural gas reserves of the Caspian basin to European markets… Considerable competition has already emerged over the construction of pipelines. Whether Ukraine will provide alternative routes helping to diversify access, as the West would prefer, or ‘find itself forced to play the role of a Russian subsidiary,’ remains to be seen.”

A more recent US State Department-sponsored report notes that “Ukraine’s strategic location between the main energy producers (Russia and the Caspian Sea area) and consumers in the Eurasian region, its large transit network, and its available underground gas storage capacities”, make the country “a potentially crucial player in European energy transit” – a position that will “grow as Western European demands for Russian and Caspian gas and oil continue to increase.” — end of quote




The Blood Moon False Prophecy Hype: Oh what an adulterous generation

“1 The Pharisees also with the Sadducees came, and tempting desired him that he would shew them a sign from heaven. 2 He answered and said unto them, When it is evening, ye say, It will be fair weather: for the sky is red. 3 And in the morning, It will be foul weather to day: for the sky is red and lowring. O ye hypocrites, ye can discern the face of the sky; but can ye not discern the signs of the times? 4 A wicked and adulterous generation seeketh after a sign; and there shall no sign be given unto it, but the sign of the prophet Jonas. And he left them, and departed.” Matthew 16: 1-4

**Links provided are not an endorsement they present information and/or are cited sources within the text** Also, I’m not a bible scholar I ask for grace if I mixed up my interpretation of Revelation and ‘order’ I’m subject to correction by the Holy Spirit. The point of this post is to expose the lie of the “Blood Moon Prophecy” not try to teach you all theology.

screenshot Drudge Report Blood MoonA week or so ago I ran across a headline on Drudge Report about the “Blood Moon Prophecy;” and, that a certain MEGA Pastor was touting would be “sign of the Second Coming.” The link led to an article in a Texas based news website about Pastor John Hagee and what he was predicting would be the “signs in the Heavens” that Jesus Christ’s return is on the horizon. I opened with Matthew 16:4 specifically, but it wasn’t the first scripture that came to mind when reading the latest ludicrous “prophecy” regarding the Last Days.

From San Antonio news site:

“SAN ANTONIO — Megachurch pastor John Hagee is warning his San Antonio congregation and international following of a “world-shaking event that will happen between April 2014 and October 2015.” Source linked to above.

banner291john-hagee-bookJohn Hagee has been on tv for a long time. I was once duped by him. I remember years back buying one of his books entitled, Jerusalem Countdown. I read it with all enthusiasm and zero discernment. I was ripe with itching ears and wanted to get my hands on every book that would give me the cutting edge information regarding the “end days.” After I read it, the original book–there would be a revision following the one I read, I was convinced that Iran was 6 months to a couple years away from obtaining a nuclear bomb; and, I also naively bought into the blind support of Israel narrative which consequently includes fighting any and all enemies of Israel to the death. I’ve learned so much since those days, thus I can relate to those of you who are currently duped by him. As an example, when I saw the headline about the “Blood Moon” “END DAYS” mention I knew it was a false prophecy instinctively, but I clicked on the article because I also know that my brethren are eating this stuff  up like candy (I mean you all also bought the Duck Dynasty elk “are Christian” line and sinker!).

Without fail this “prophecy” or “prediction” for a lack of a better word has to do with John’s latest book:

Four Blood Moons John Hagee book coverThere’s always a book!

I saw video a few years ago about the “Four Blood Moons” that were going to appear in 2014 and it was afar off at the time. I was so entrenched with immanency that I nixed the thought off my shoulder declaring in my undiscerning mind, “if we make it to 2014…” I had no hope of the future at the time, less than I do today, but at least today I make plans for the future (Lord willing) and have a HOPE (the LORD). The video was a couple of white haired gentlemen  sitting there excited as all get out about the “Four Blood Moons” and the possibility of the End of the World. Neglecting all the other prophesies in the Bible, the white haired gentlemen, and many others are truly mesmerized by the lunar eclipses about to take place.

I don’t deny that in thee end there will be signs in the heavens. I don’t deny the scripture that states emphatically that the stars will fall, the moon will turn to blood (not eclipsed with a red to brown tinge of color) and that the Sun will only give forth a third of its light. Those are true statements, but that is not now!

Joel 2:31 in context:

28And it shall come to pass afterward, that I will pour out my spirit upon all flesh; and your sons and your daughters shall prophesy, your old men shall dream dreams, your young men shall see visions:

29And also upon the servants and upon the handmaids in those days will I pour out my spirit.

30And I will shew wonders in the heavens and in the earth, blood, and fire, and pillars of smoke.

31The sun shall be turned into darkness, and the moon into blood, before the great and the terrible day of the LORD come.

32And it shall come to pass, that whosoever shall call on the name of the LORD shall be delivered: for in mount Zion and in Jerusalem shall be deliverance, as the LORD hath said, and in the remnant whom the LORD shall call.

Revelation 6:12 (6th seal of 7) in context:

12And I beheld when he had opened the sixth seal, and, lo, there was a great earthquake; and the sun became black as sackcloth of hair, and the moon became as blood; 13And the stars of heaven fell unto the earth, even as a fig tree casteth her untimely figs, when she is shaken of a mighty wind. 14And the heaven departed as a scroll when it is rolled together; and every mountain and island were moved out of their places. 15And the kings of the earth, and the great men, and the rich men, and the chief captains, and the mighty men, and every bondman, and every free man, hid themselves in the dens and in the rocks of the mountains; 16And said to the mountains and rocks, Fall on us, and hide us from the face of him that sitteth on the throne, and from the wrath of the Lamb: 17For the great day of his wrath is come; and who shall be able to stand?

If there is not a concerted effort to report on every earthquake great and small, to coincide those reports with Solar flares, and now the great “tetrad” of the “Four Blood Moons,” to deceive the Christian and stumble the unbelievers, than I must be a soured-pessimist-”scoffer,” or I am just  sick of the false prophesies and false prophets that abound more and more in these last days and those who blindly and willingly follow them!

Where are the other 5 seals? If these “blood moons” are the 6th seal, then certainly John Hagee and his pals who are touting this as a sign of the end can point to the White horse, the Red horse, the Black horse (world wide famine?), the Pale horse… Where are those small insignificant prophetic events? Have they happened thus far? The purpose of numbering the seals doesn’t convey ORDER to anyone, just to me, the jaded scoffer correct?  After the 7 seals come the Trumpet Judgements. That means all 7 seals are broken, released, and happening before, (Unless the numbering doesn’t refer to sequential order, although I lean this way because God is a God of ORDER.) then the trumpet judgement happens with the Blood moon. Not four blood moons, sounds like we only have one moon that turns to blood in such a significant way the man whom Jesus loved, John, wrote it down.

Revelation 6-8

I ask you, where is the hail and fire mingled with blood that was cast upon the earth? A Third of the creatures of the sea –dead? Has this happened and we haven’t been told. We do know if it’s not on twitter it hasn’t happened, but c’mon was this tweeted, because I deleted my account and if it was tweeted, I don’t know about it! Ok, I’m getting riled up I admit. So, the third part of the Sun was smitten then, because this HAS to happen before or at least with the 1/3 part of the moon and stars being smitten…? No? Not yet? We still have till 2015 you say, it could happen between now and the last “blood moon” of John Hagee’s book. Ok. Well if I’m wrong I know where I’ll be and we can discuss it then I guess. For now I will leave you with these last verses:

“42Watch therefore: for ye know not what hour your Lord doth come. 43But know this, that if the goodman of the house had known in what watch the thief would come, he would have watched, and would not have suffered his house to be broken up. 44Therefore be ye also ready: for in such an hour as ye think not the Son of man cometh.” –Jesus the Messiah (Matt. 24:42-44)

19And it shall come to pass, that whosoever will not hearken unto my words which he shall speak in my name, I will require it of him. 20 But the prophet, which shall presume to speak a word in my name, which I have not commanded him to speak, or that shall speak in the name of other gods, even that prophet shall die. 21 And if thou say in thine heart, How shall we know the word which the LORD hath not spoken? 22 When a prophet speaketh in the name of the LORD, if the thing follow not, nor come to pass, that is the thing which the LORD hath not spoken, but the prophet hath spoken it presumptuously: thou shalt not be afraid of him.” Deuteronomy 18:19-22

birds of a feather

birds of a feather







Following Excerpt from: http://www.columbian.com/news/2014/apr/13/mondays-eclipse-opens-a-tetrad/

“The first in a quartet of total lunar eclipses — the only such quartet in a span of 28 years — takes place Monday.

The total phase of Monday’s eclipse will last 78 minutes.

Viewers might be able to detect a very slight duskiness on the moon’s eastern side at about 10:30 p.m. Monday, said Stan Seeberg, with Vancouver Sidewalk Astronomers. If not, it likely will be observable by 10:45 p.m., he said.

At 10:58 p.m., the partial eclipse begins as the moon moves into the Earth’s shadow, or umbra.

There will also be some color to the event, the same effect that tints our sunrises and sunsets, Seeberg said.

“Our atmosphere bends the longer red rays of sunlight into the shadow, giving the moon an overall reddish color, perhaps mixed with orange or brown,” Seeberg said.

Totality begins just past midnight, at 12:07 a.m. Tuesday; total eclipse ends at 1:25 a.m.; and the partial eclipse ends at 2:33 a.m.

“Although the event will be easy to see and appreciate with just your unaided vision, binoculars and telescopes will make it particularly interesting,” Seeberg said. “Through a telescope, you can see craters and other lunar features gradually darken.”

According to a NASA eclipse bulletin, this will be the first total lunar eclipse since Dec. 10, 2011.

The Monday event will be the first of four consecutive lunar eclipses that are all total, called an eclipse tetrad. For two years, a lunar eclipse will occur over the Western Hemisphere every six months. The other three will be on Oct. 8; April 4, 2015; and Sept. 28, 2015.

The last time that happened — a series of four lunar eclipses with no partials — was 2003-2004. It won’t happen again until 2032-2033, according to NASA.”

Further N4TM Commentary:

Who’s prophesy is it that there will be four blood moons and this is the sign of the last days? Did Jesus ever say this would be a sign? I get that these are happening on Jewish calendar holidays, but does that mean Jesus is coming by the last of the four blood moons? Mr. Hagee seems to be confusing himself by reading all those extracurricular books that aren’t scripture.

“The Gemara comments on the significance of solar and lunar eclipses: “The rabbis taught in a beraisa: ‘At the time the sun is stricken [i.e. when its light is diminished], it is a bad omen for the world…. To what can this be compared? It is comparable to a king who made a banquet for his subjects, and placed a lantern before them. He [subsequently] became angry with them and said to his servant, ‘Remove the lantern from before them and let them sit in darkness.’ ”

The Gemara further comments: “The rabbis taught in a beraisa: During the time the sun is stricken, it is a bad omen for idolaters. [During the time that] the moon is stricken, it is a bad omen for the Jewish people” (Sukkah 29a).” Source: JewishPress

Not enough? Here’s more:


Sages in both Babylonia (modern-day Iraq) and the Land of Israel continued to study traditional teachings, including the Mishnah, describing the teachings as having been passed down from Moses at Sinai (either literally or figuratively). The oral discussions were preserved, either by memorization or notation, and later edited together in a manner that places generations of sages in conversation with one another. These teachers were interested in bringing greater harmonization between biblical and rabbinic traditions, largely by providing proof-texts for known laws and explaining differences between the biblical and rabbinic versions of laws. This is the origin of the Gemara.

Babylonian vs. Palestinian

There are actually two works known as “Gemara”–the Babylonian Gemara (referred to as “Bavli” in Hebrew) and the Palestinian (or Jerusalem) Gemara (referred to as “Yerushalmi“). The term “Gemara” itself comes from the Aramaic root g.m.r (equivalent to l.m.d, in Hebrew), giving it the meaning “teaching.” Source: MyJewishLearning

see also: http://en.wikipedia.org/wiki/Gemara