Saturday, May 22, 2010
oil-halliburton-cement-052010jpg-e618a2271a66c847.jpg (JPEG Image, 570x1024 pixels)
Well bore sketch possible entry thought blowout Horizon
Obama's An Idiot
Joke
More Truth Than Bullshit
Barack Obama met with the Queen of England.He asked her, "Your Majesty, how do you run such an efficient government? Are there any tips you can give to me?"
"Well," said the Queen, "the most important thing is to surround yourself with intelligent people."
Obama frowned, and then asked, "But how do I know the people around me are really intelligent?"
The Queen took a sip of tea. "Oh, that's easy; you just ask them to answer an intelligent riddle." The Queen pushed a button on her intercom. "Please send Tony Blair in here, would you?"
Tony Blair walked into the room and said, "Yes, my Queen?"
The Queen smiled and said, "Answer me this please, Tony, your mother and father have a child. It is not your brother and it is not your sister. Who is it?"
Without pausing for a moment, Tony Blair answered, "That would be me."
"Yes! Very good," said the Queen.
Obama went back home to ask Joe Biden, his vice presidential choice the same question. "Joe, answer this for me. Your mother and your father have a child.
It's not your brother and it's not your sister. Who is it?"
"I'm not sure," said Biden. "Let me get back to you on that one.." He went to his advisors and asked every one, but none could give him an answer. Finally, he ended up in the men's room and recognized Colin Powell's shoes in the next stall.
Biden asked Powell, "Colin, can you answer this for me? Your mother and father have a child and it's not your brother or your sister. Who is it?"
Colin Powell yelled back, "That's easy, it's me!"
Biden smiled, and said, "Thanks!" Then, he went back to speak with Obama. "Say, I did some research and I have the answer to that riddle. It is Colin Powell!"
Obama got up, stomped over to Biden, and angrily yelled into his face, "No! You idiot! It's Tony Blair!"
AND THAT MY FRIENDS IS WHAT'S WRONG WITH OUR GOVERNMENT.
Tuesday, May 18, 2010
Possible non-OPEC oil supply surge to put pressure on prices?
To be sure, data points from only two years shouldn’t make us rush to believe that world oil is undergoing a shale gas type surge in productive capacity. In fact, it’s not. Analysis strongly suggests that the production surge in 2009 and 2010 will not repeat; in other words, non-OPEC oil output is not expected to grow in 2011 and the foreseeable future. So, against a backdrop of resurgent demand from emerging economies that means that a bias to higher oil prices over the next 12 to 24 months remains (notwithstanding another economic meltdown).
Yet those in the oil business shouldn’t be too complacent in recognizing the significance of the mini-tsunami of non-OPEC oil that hit the markets in 2009, at the same time as the financial crisis washed out the demand side. In fact, it was OPEC that took excess barrels off the market, sacrificing market share, which is why the cartel’s collective spare productive capacity tripled in the past two years, going from 2.0 MMB/d to 6.0 MMB/d.
Looking back five years ago, the opening words to my book, A Thousand Barrels a Second, were, “We are not running out of oil. We are running out of cheap oil.” Implicit in these words were that price of this vital commodity had to rise up from the then $30.00/B, because of looming scarcity in the face of rising demand.
Read more: http://www.calgaryherald.com/business/Possible+OPEC+supply+surge+pressure+prices/3037511/story.html#ixzz0oIedA3fc
