Sunday, February 15, 2009

Bad Example

Bad Example Jokes

LITTLE RALPHY ON MATH

A teacher asks her class, 'If there are 5 birds sitting on a fence and you shoot one of them, how many will be left?'

She calls on little Ralphy.

He replies, 'None, they will all fly away with the first gunshot.'

The teacher replies, 'The correct answer is 4, but I like your thinking.'

Then little Ralphy says, 'I have a question for YOU. There are 3 women sitting on a bench having ice cream:

One is delicately licking the sides of the triple scoop of ice cream. The second is gobbling down the top and sucking the cone. The third is biting off the top of the ice cream. Which one is married?'

The teacher, blushing a great deal, replied, 'Well, I suppose the one that's gobbled down the top and sucked the cone.'

To which Little Ralphy replied, 'The correct answer is 'the one with the wedding ring on,' but I like your thinking.'


LITTLE RALPHY ON MATH

Little Ralphy returns from school and says he got an F in arithmetic.

'Why?' asks the father?

'The teacher asked 'How much is 2x3,'' I said '6', replies Ralphy.

'But that's right!' says his dad.

'Yeah, but then she asked me 'How much is 3x2?''

'What's the f*cking difference?' asks the father.

'That's what I said!'


LITTLE RALPHY ON ENGLISH

Little Ralphy goes to school, and the teacher says, 'Today we are going to learn multi-syllable words, class. Does anybody have an example of a multi-syllable word?'

Ralphy says 'Mas-tur-bate.'

Miss Rogers smiles and says, 'Wow, little Ralphy, that's a mouthful.'

Little Ralphy says, 'No, Miss Rogers, you're thinking of a blowjob.'


LITTLE RALPHY ON GRAMMAR

Little Ralphy was sitting in class one day. All of a sudden, he needed to go to the toilet. He yelled out, 'Miss Jones, I need to take a piss!'

The teacher replied, 'Now, Ralphy, that is NOT the proper word to use in this situation. The correct word you want to use is 'urinate.' Please use the word 'ur-i-nate' in a sentence correctly, and I will allow you to go.'

Little Ralphy, thinks for a bit, and then says, 'You're an eight, but if you had bigger tits, you'd be a TEN!'


LITTLE RALPHY ON GRAMMAR

One day, during lessons on proper grammar, the teacher asked for a show of hands from those who could use the word 'beautiful' in the same sentence twice.

First, she called on little Suzie, who responded with, 'My father bought my mother a beautiful dress and she looked beautiful in it.'

'Very good, Suzie,' replied the teacher. She then called on little Michael.

'My mommy planned a beautiful banquet and it turned out beautifully.'

She said, 'Excellent, Michael!' Then the teacher reluctantly called on little Ralphy.

'Last night at the dinner table, my sister told my father that she was pregnant, and he said 'Beautiful, just f*cking beautiful!''

[Yeah, Michael f*cked up his answer, but he's an ass-kisser, so teacher gave him a pass]

LITTLE RALPHY ON GETTING OLDER

Little Ralphy was sitting on a park bench munching on one candy bar after another. After the 6th one a man on the bench across from him said, 'Son, you know eating all that candy isn't good for you. It will give you acne, rot your teeth, and make you fat.'

Little Ralphy replied, 'My grandfather lived to be 107 years old.'

The man asked, 'Did your grandfather eat 6 candy bars at a time?'

Little Ralphy answered, 'No, he minded his own f*cking business.

Wednesday, February 11, 2009

Sept. 08: Someone tried to orchestrate the collapse of US/world financial & political systems � td blog

Sept. 08: Someone tried to orchestrate the collapse of US/world financial & political systems � td blog

One of the smartest women in the world is Catherine Fitts who was a Federal Government insider and Assistant Secretary of HUD years ago. She disclosed all the details concerning the Black Budget which flows through the US banking system to hold it up and $trillions are being parked at all times from one bank to the other.

It is my theory that those in control of the Black Budget wanted to move the funds elsewhere for whatever the reason, and the FED pulled the plug.

Tuesday, February 10, 2009

The Oil Drum | USA Gulf of Mexico Oil Production Forecast Update

The Oil Drum | USA Gulf of Mexico Oil Production Forecast Update

USA Gulf of Mexico Oil Production Forecast Update

Here's an update of USA Gulf of Mexico (GoM) oil production using the most recent EIA data. GoM production peaked in June 2002 at 1.73 mbd and is forecast to continue declining.


Graphs

The Oil Drum | Discussions about Energy and Our Future

The Oil Drum | Discussions about Energy and Our Future: "A Visit to Chevron's Kern River Heavy Oil Facility"

Monday, February 09, 2009

R-Squared Energy Blog

R-Squared Energy Blog: "Countries with the highest per capita energy consumption in 2005* (in kilograms of oil equivalent per person)

Based on International Energy Agency data for 2005, the most recent year for which IEA has data. Note: Numbers have been rounded off

Source: World Resources Institute

Qatar 19,466
Iceland 12,209
Bahrain 11,180
Kuwait 11,102
United Arab Emirates 10,354
Luxembourg 10,138
Trinidad and Tobago 9,736
Netherlands Antilles 9,057
Canada 8,473
U.S. 7,886"

Thursday, January 22, 2009

Obama's Posse o' Change

Obama's Posse o' Change: "Obama's Posse o' Change"

The list of thugs!

Wednesday, January 21, 2009

Vinegar and Honey: To Everything There Is A Season

Vinegar and Honey: To Everything There Is A Season

To Everything There Is a Season

To everything there is a season,a time for every purpose under the sun.
A time to be born and a time to die;
a time to plant and a time to pluck up that which is planted;
a time to kill and a time to heal ...a time to weep and a time to laugh;
a time to mourn and a time to dance ...a time to embrace and a time to refrain from embracing;
a time to lose and a time to seek;
a time to rend and a time to sew;
a time to keep silent and a time to speak;
a time to love and a time to hate;
a time for war and a time for peace.
Ecclesiastes 3:1-8

And he changeth the times and the seasons: he removeth kings, and setteth up kings: he giveth wisdom unto the wise, and knowledge to them that know understanding: He revealeth the deep and secret things: he knoweth what is in the darkness, and the light dwelleth with him.
Daniel 2:21-22 KJV

The Big Picture

The Big Picture: "Agnotology: Culturally constructed ignorance, purposefully created by special interest groups working hard to create confusion and suppress the truth."

Thursday, January 15, 2009

Curmudgeonly & Skeptical�

Curmudgeonly & Skeptical�: "Today's Consumer Report

Today's Consumer Report
Verizon bundle internet. Blazing fast!!
Verizon"

Tuesday, January 13, 2009

BizzyBlog

BizzyBlog: "Timothy Geithner, pictured at right in an AP photo, is Barack Obama’s nominee for Treasury Secretary.
Timothy Geithner, pictured at right in an AP photo, is Barack Obama’s nominee for Treasury Secretary.

Mr. Geithner will, among many other duties, oversee the Internal Revenue Service.

How odd, to say the least, that Mr. Geithner has had tax filing and payment problems going back over 15 years involving self-employment taxes for both himself and his paid help, as well as with the employment of someone who for a time did not have proper legal status to remain in the country.

You would think that such things might place a cabinet nominee, especially to head Treasury, in jeopardy, and to cause the president who nominated him to have second thoughts.

Mr. Geithner will, among many other duties, oversee the Internal Revenue Service.

How odd, to say the least, that Mr. Geithner has had tax filing and payment problems going back over 15 years involving self-employment taxes for both himself and his paid help, as well as with the employment of someone who for a time did not have proper legal status to remain in the country.

You would think that such things might place a cabinet nominee, especially to head Treasury, in jeopardy, and to cause the president who nominated him to have second thoughts."

Sunday, January 11, 2009

The hundred years' war in Palestine | The hundred years' war | The Economist

The hundred years' war in Palestine | The hundred years' war | The Economist

Why they fight

And Gaza, remember, is only one item in a mighty catalogue of misery, whose entries are inscribed in tears. The Jews and Arabs of Palestine have been fighting off and on for 100 years. In 1909 the mostly Russian socialist idealists of the Zionist movement set up an armed group, Hashomer, to protect their new farms and villages in Palestine from Arab marauders. Since then has come the dismal march of wars—1948, 1956, 1967, 1973, 1982, 2006 and now 2009—each seared by blood and fire into the conflicting myths and memories of the two sides. The intervals between the wars have not been filled by peace but by bombs, raids, uprisings and atrocities. Israeli settlers in Hebron today still cite, as if it were yesterday, the massacre of Hebron’s Jews in 1929. The Arabs of Palestine still remember their desperate revolt in the 1930s against the British mandate and Jewish immigration from Europe, and the massacres of 1948.

RGE - Let’s “hope and pray that Hirsch is wrong” about our oil supply

RGE - Let’s “hope and pray that Hirsch is wrong” about our oil supply
But analysts also agree on something else: When the recessionary tide finally recedes, all of the factors that drove oil to its record high last summer will once again be exposed, and crude will again soar to record highs.

Environmental Capital - WSJ.com

Environmental Capital - WSJ.com: "Cushing is apparently getting close to storage capacity; Platt’s figures it can hold another 2 million or so barrels. But Cushing’s bulging tanks mean that U.S. oil prices are losing touch with reality, argued the FT’s Alphaville blog:

Essentially that means once Cushing storage nears capacity WTI will become increasingly depressed versus other crude grades and therefore disconnected from real oil supply/demand fundamentals. As a result it will no longer be a good indicator of US crude prices."

Square Foot Garden Update and Lessons Learned | Frugal Dad

Square Foot Garden Update and Lessons Learned | Frugal Dad

Square Foot Gardening, a How To | Frugal Dad

Square Foot Gardening, a How To | Frugal Dad

Language of the Perpetual Poor | Frugal Dad

Language of the Perpetual Poor | Frugal Dad: "How to identify members of this group:

* Can recite the last five winners of American Idle (that’s not a typo) from memory
* Haven’ t picked up a book since high school
* Never stretched to learn a new skill at work, but complain about being passed over for promotions"

Do You Suffer from Destination Addiction? | Frugal Dad

Do You Suffer from Destination Addiction? | Frugal Dad

Friday, January 09, 2009

Midas Letter - 5 New Forces to Drive Gold Higher

Midas Letter - 5 New Forces to Drive Gold Higher: "5 New Forces to Drive Gold Higher
By James West
Thursday, January 8, 2009"

Sunday, January 04, 2009

The Oil Drum | Discussions about Energy and Our Future

The Oil Drum | Discussions about Energy and Our Future

Midas Letter-Gold, Silver, Commodities, Economics, Investment

Midas Letter-Gold, Silver, Commodities, Economics, Investment

Asia needs to fully wake up to the scale of the West's economic crisis - Telegraph

Asia needs to fully wake up to the scale of the West's economic crisis - Telegraph

The fall-out in Japan has already shattered the authority of premier Taro Aso. His approval rating has dropped to 21pc. The cabinet is in revolt. The world's second biggest economy no longer has a functioning government.

Credit Suisse warns that Japan could slide into deflation of minus 2pc by the autumn. Since interest rates are already near zero, which means that real rates will rise as the slump deepens – the surest path to a liquidity trap.

Kyohei Morita from Barclays Capital estimates that Japan's GDP shrank at an annual rate of 12.2pc in the fourth quarter. "It's shocking," he says. Singapore has already reported. Fourth-quarter GDP contracted at an 12.5pc annual rate.

Taiwan's exports fell 28pc in November. Shipments to China dropped 45pc. Korea's exports dropped 18pc in November and 17pc in December.

Financial Armageddon: Hard Times Call for Creative Solutions

Financial Armageddon: Hard Times Call for Creative Solutions
Most posts on Financial Armageddon are meant to raise awareness about what is really going on nowadays and what I believe lies ahead. Even so, I'm sure many visitors are also interested in learning what they can do to protect themselves. While a great deal of useful information can be found by reading through the blogs and other resources featured in the right hand column, I occasionally take the opportunity to highlight strategies and insights that could prove especially usefull to individuals (and families), investors, and businesses. etc

Obama is hit by 'affair' smears following claims that attractive aide was banned by his wife | Mail Online

Obama is hit by 'affair' smears following claims that attractive aide was banned by his wife | Mail Online

Carville predicts scandals to overshadow Democrats, Obama | Republican Liberty Caucus of Illinois

Carville predicts scandals to overshadow Democrats, Obama | Republican Liberty Caucus of Illinois

There are several burgeoning scandals right now in Democratic circles:

* Blagojevich is accused by federal prosecutors of conspiring to sell Barack Hussein Obama Jr.’s former Senate seat to the highest bidder.

* Former low-rated talk show host Al Franken is being accused of stealing an election — with the help of Obama’s ACORN organization — in Minnesota.

* Rep. Charlie Rangel (D-N.Y.) is alleged to have not paid his taxes.

* Former Rep. Rahm Emanuel, Obama’s White House chief of staff, is accused of shenanigans regarding his property taxes in Chicago.

* Obama himself was alleged in the U.K. press to have had an ongoing affair, which, just like the John Edwards scandal, has not yet been covered by the U.S. media.

Barack Obama The Naked Emperor | Pakistan Daily

Barack Obama The Naked Emperor | Pakistan Daily

I HOPE we make it!!!!!

Monday, December 29, 2008

Information Warfare: Why Arabs Believe In Force Fields

Information Warfare: Why Arabs Believe In Force Fields
This easy acceptance of fantasies is exploited by leaders throughout the Middle East, and the Moslem world in general. Leaders who know better, build on these fantasies as a way to maintain their control over the population. The problem is a dirty little secret in the Moslem world, that leaders and academics don't even like to discuss it openly, much less with infidels. But it is real, and you can read all about it in the local media, or overhear it in the coffee shops.

Sunday, December 28, 2008

Donna Brazile wants to ban ignorant bloggers who “bloviate.” � td blog

Donna Brazile wants to ban ignorant bloggers who “bloviate.” � td blog

John Adams:
Government is instituted for the common good; for the protection, safety, prosperity, and happiness of the people; and not for profit, honor, or private interest of any one man, family, or class of men; therefore, the people alone have an incontestable, unalienable, and indefeasible right to institute government; and to reform, alter, or totally change the same, when their protection, safety, prosperity, and happiness require it.

Thursday, December 25, 2008

Tom Paine 'Tyranny'

CHARMING, JUST CHARMING: "Tyranny, like hell, is not easily conquered; yet we have this consolation with us, that the harder the conflict, the more glorious the triumph. What we obtain too cheap, we esteem too lightly: it is dearness only that gives every thing its value."

Thomas Paine

Wednesday, December 17, 2008

South African central bank gold sales dry up_English_Xinhua

South African central bank gold sales dry up_English_Xinhua

Gold Shortage??????

Brutally Honest

Brutally Honest

DDT Environmentalism
Environmentalism kills people and on a massive scale. Remember the ban on DDT? It led to the deaths of millions of people and is still killing millions, mostly children, by allowing Malaria to spread like wildfire, all to “protect” the environment. Do environmentalists regret the millions of deaths that have resulted from the ban? No. They still defend it enthusiastically and their impact is devastating. From Project 21:

But during that global war, dichloro-diphenyl-trichloroethane (DDT) was dusted on Allied soldiers and tents to prevent malaria. After the war, it stopped a European typhus epidemic. It then helped virtually eradicate malaria in the United States by 1952 and in Europe by 1961. It was also used - often carelessly and in excess - to protect crops against insects.

However, in the midst of these successes, Rachel Carson and the emerging environmental movement concluded that DDT was building up in wildlife, livestock and humans. They said it would result in devastating consequences. Instead of conducting objective, scientific studies to see if DDT was actually harmful, they mounted a worldwide campaign that ultimately caused DDT to be removed even from the malaria control arsenal.

For these Americans and Europeans, seeking this ban imposed no costs. Malaria was largely gone in their countries. When they visit Africa, they stay in five-star hotels, away from mosquitoes. They have bug sprays and medicines to prevent and treat disease. They rarely visit the hospitals or homes where people are suffering and dying or feel the pain of million of poor people whose cause they claim to champion.

Africa essentially became a sacrifice zone where environmental ideologies demand that only politically-correct tools like bed nets be used to prevent the disease that is still the biggest single killer of our children. It is a crime against humanity to ban DDT and leave over 300 million African mothers, fathers and children to suffer every year from acute malaria.

Even today, 65 years after it was first used in disease control, no other chemical works as well for as long or at a lower cost in stopping malaria and other mosquito-borne diseases than DDT. There is no proof that it is harmful to people or animals when used responsibly. That is why hundreds of physicians, clergy and human rights advocates have demanded that it be put back into the malaria control arsenal.

The people who push the global warming scam today have the same ideology as those who pushed the anti-DDT scam in the 80’s. If the global warming crowd gets its way, not only will Africa be devastated, but the United States will as well because Al Gore and his cronies’ anti-global warming initiatives are business killers.

Killers of capitalism. Killers of the poor.

Socialism, Marxism, Communism & Obama

Socialism, Marxism, Communism & Obama

amazin stuff

Tuesday, December 16, 2008

The Measure of Our Growth and Decay � Already Not Yet

The Measure of Our Growth and Decay � Already Not Yet: "The Measure of Our Growth and Decay
Posted on December 16, 2008 by Peter Cockrell

“If I have observed anything by experience, it is this: a man may take the measure of his growth and decay in grace according to his thoughts and meditations upon the person of Christ, and the glory of Christ’s Kingdom, and of His love.”

- John Owen, quoted in A Puritan Golden Treasury complied by I. D. E"

Monday, December 15, 2008

Alleged Madoff fraud has worldwide exposure - Yahoo! News

Alleged Madoff fraud has worldwide exposure - Yahoo! News: "'I think now it is very difficult for people to invest in things that are meant to be regulated in America, because they haven fallen down in the job,' Nicola Horlick, the manager of Bramdean Alternatives, which has 9 percent of its funds invested in Madoff's scheme, told the British Broadcasting Corp.

'All through the credit crunch this has been apparent,' Horlick added. 'This is the biggest financial scandal, probably, in the history of the markets.'"

Sunday, December 14, 2008

Stand to Reason: The Faith of Our Fathers

Stand to Reason: The Faith of Our Fathers

Benjamin Franklin

Even Franklin the deist is equivocal. He was raised in a Puritan family and later adopted then abandoned deism. Though not an orthodox Christian, it was 81-year-old Franklin's emotional call to humble prayer on June 28, 1787, that was the turning point for a hopelessly stalled Convention. James Madison recorded the event in his collection of notes and debates from the Federal Convention. Franklin's appeal contained no less than four direct references to Scripture.

And have we forgotten that powerful Friend? Or do we imagine that we no longer need His assistance? I have lived, sir, a long time and the longer I live the more convincing proofs I see of this truth: that God governs in the affairs of men. And if a sparrow cannot fall to the ground without his notice, is it probable that an empire can rise without His aid? We have been assured, sir, in the sacred writings that 'except the Lord build the house, they labor in vain that build it.' I firmly believe this and I also believe that without His concurring aid, we shall succeed in this political building no better than the builders of Babel.[2]

Three of the four cornerstones of the Constitution--Franklin, Washington, and Madison--were firmly rooted in Christianity. But what about Thomas Jefferson? His signature cannot be found at the end of the Constitution, but his voice permeates the entire document.

(Thomas Jefferson was this kind of man. In Defending the Declaration, legal historian Gary Amos observes, "Jefferson is a notable example of how a man can be influenced by biblical ideas and Christian principles even though he never confessed Jesus Christ as Lord in the evangelical sense.")

Psalm 35:27 Let them shout for joy and rejoice, who favor my

Psalm 35:27 Let them shout for joy and rejoice, who favor my: "Let them shout for joy, and be glad, that favour my righteous cause: yea, let them say continually, Let the LORD be magnified, which hath pleasure in the prosperity of his servant."

Sunday, December 07, 2008

AP IMPACT: How Freddie Mac halted regulatory drive - Yahoo! News

AP IMPACT: How Freddie Mac halted regulatory drive - Yahoo! News

Internal Freddie Mac budget records show $11.7 million was paid to 52 outside lobbyists and consultants in 2006. Power brokers such as former House Speaker Newt Gingrich were recruited with six-figure contracts. Freddie Mac paid the following amounts to the firms of former Republican lawmakers or ex-GOP staffers in 2006:

_Sen. Alfonse D'Amato of New York, at Park Strategies, $240,000.

_Rep. Vin Weber of Minnesota, at Clark & Weinstock, $360,297.

_Rep. Susan Molinari of New York, at Washington Group, $300,062.

_Susan Hirschmann at Williams & Jensen, former chief of staff to House Majority Leader Tom DeLay, R-Texas, $240,790.

Freddie Mac's chairman and chief executive, Dick Syron, and McLoughlin, senior vice president for external relations, used Clark and Weinstock extensively, Weber said in an e-mail Friday.

"I personally met with the CEO several times and with Hollis and his team regularly," Weber said in the e-mail. "Clark and Weinstock worked effectively and intensely for Freddie Mac under Dick Syron and Hollis McLoughlin."

Get Rich Slowly

Get Rich Slowly

For some, charitable giving might seem like the easiest (and first) expense to eliminate. But giving is even more important this year, and I believe you should consider increasing your efforts now instead of cutting back. You don’t need to be wealthy to make a big difference in the life of someone who lives in poverty.

People on the “edges” are impacted more
People who are already struggling are impacted more by rising costs or the loss of income. You might feel like you’re barely making ends meet, but chances are that if you’re reading this, you are not sleeping in the back of a van with your kids (like a family I saw here in Seattle last week), or raising children in a part of the world where clean water and electricity are a distant dream and low-wage work represents your only opportunity to put food on the table.

This economic downturn is global. Around the world, the people who will be affected most are the people who are already struggling to provide the basics for their families, and the most effective way to support these families is through charities that help provide the means for them to lift themselves out of poverty. This is truly a time when every dollar counts.

I have written a lot on my own blog about why it’s important to address global poverty, but here is the short version: the world’s best minds cannot grow and lead the next generation if the hunger and ill-health that go hand in hand with poverty stop them in childhood.

Friday, December 05, 2008

is gold still a safe haven?

is gold still a safe haven?
ngots are just another commodity

It would be hard to imagine a worse run of events for paper money. Investment banks such as Lehman Brothers have drowned in a sea of subprime debt. Building societies such as Bradford & Bingley, once so dull and safe they made fun of it in their ads, have had to be nationalised. In the case of Iceland, a whole country suddenly went pop. So you might think it would have been a great year for the world’s oldest form of money: gold. Fleeing a bankrupt monetary system, investors would seek the security of ingots and krugerrands.

Except, as it happens, they didn’t. Among the many fascinating sub-plots to the credit crunch has been the way the ‘gold bugs’ — as die-hard enthusiasts for the metal are known in the City — have finally been nailed. Gold turns out not to be the ultimate store of value after all. Nor is it a safe haven in times of turmoil. It’s just another commodity, useful for making jewellery and not much else.

Take a look at the way the metal has performed through these turbulent months. When the crunch started in August last year an ounce of gold would have cost you $667. For a few months, admittedly, the gold bugs had something to get excited about. With the financial system starting to creak, gold steadily climbed all the way up to $1,033 an ounce in mid-March. The bugs started working overtime. Two, maybe three thousand dollars seemed possible. Who knows, perhaps the gold standard would be reimposed. All it would take was a nervous breakdown in the money markets.

It didn’t quite work out. On 15 September Lehman went bust, triggering a wave of bank failures around the world. Then countries started to collapse. And gold? Over the course of that tumultuous week, it pushed up from $770 to $928. Since then, however, it has fallen back to $800 again.

In truth, gold has been a poor investment for a long time. As far back as January 1980 it was trading at $850, but by 1985 it had slumped to $284. It didn’t do much during the 1990s, starting the decade at $399 and finishing at $289. Indeed, so poor was its performance that Gordon Brown famously ordered the Bank of England to sell off 395 tonnes of the stuff, for which it got only an average of $275, close to a three-decade low. This decade was a bit better, with a steady climb back towards the $700-800 range (which means the Brown sale lost the taxpayer a notional £4 billion, by the way). Still, the fact remains that gold today isn’t worth any more than it was 30 years ago. Bear in mind also that your ingot has never paid any dividends or interest, and you’ve had to pay someone to look after it. Compared to just about any alternative, it’s been a rotten investment.

Okay, say the bugs. Thirty years is nothing. Over thousands of years gold has been the world’s most reliable store of value. At some point (as Jonathan Ruffer argues opposite) the conjuring trick of paper money will collapse — and gold may be the only thing worth owning. Larry Edelson, an American financial pundit and über gold bull, predicts, for example, that a return to the gold standard would push the price to $53,000 an ounce.

Which would be nice for small investors who’ve piled into the metal. BullionVault, a website that allows private investors to buy and sell physical gold, has trebled the number of accounts it holds in the last year. The World Gold Council reports that demand from retail investors buying gold bars or gold funds rose 56 per cent in the latest quarter. The trouble is, as they so often do, private investors have got hold of the wrong end of the stick. In fact, gold is steadily losing safe-haven status. After Richard Nixon ended the last formal link between the dollar and gold in 1971, the metal still had some support. In the global recession from November 1973 to March 1975, gold rose by 78 per cent; it spiked again in 1979-80; but in the downturns of the early 1990s and early 2000s it hardly moved at all.

Other safe havens have done much better. Government bonds have gone up — foreigners have been pumping $1.5 trillion a week into US Treasury bills since the start of the crunch. So has the Swiss franc, a traditional financial port in monetary storms. Some new safe havens may be emerging: intriguingly, the Israeli shekel has risen strongly, and Merrill Lynch now describes it as among the world’s safest assets. But not gold. It went up in price during this decade in line with the commodity boom. When that burst, it headed down again. What’s happening on the money markets no longer makes much difference. Gold rises and falls with oil, copper and wheat, and all the other things that get turned into stuff in factories. It is still a useful metal. But it is not money — and after its failure to rally in this crisis, even the most dogmatic gold bug may well have to admit that.

BizzyBlog

BizzyBlog

Unemployment!

Nancy, Barry, and Harry must be so proud. It’s simply amazing what promising to choke off a country’s energy supplies (all three of them did so in June), promising to radically raise taxes (Obama did, and the others have been on board, for at least 18 months before the presidential election), and having a decades-in-the-making wreck of the housing and mortgage-lending industries come to a head (a Democratic Party group effort going back to the late 1970s) can do.

Never forget this: They broke it.

Now let’s see if they can fix it.

Econbrowser: The Employment Situation in Pictures

Econbrowser: The Employment Situation in Pictures: "he Employment Situation in Pictures"

You, too, can arbitrage the premium-midgrade-regular gasoline price spread - Knowledge Problem

You, too, can arbitrage the premium-midgrade-regular gasoline price spread - Knowledge Problem

Sunday, November 30, 2008

Mega-Bear Comparisons

Mega-Bear Comparisons

http://dshort.com/charts/mega-bear-comparisons.html?mega-bear-quartet-extended

Comparison of curves of crashes of stock market
.



Wednesday, November 26, 2008

Moonbattery: Bailed Out Banks Paid Slick Willie $Millions for Speeches

Moonbattery: Bailed Out Banks Paid Slick Willie $Millions for Speeches
Four major banks, including one that collapsed, two that received federal bailout money and one that filed for bankruptcy this past September, paid former President Clinton $2.1 million for 13 speeches he delivered on their behalf between 2004-2007, according to Senate financial disclosure statements filed by Sen. Hillary Clinton (D-N.Y.).
Citigroup paid Bill Clinton $700,000; Goldman Sachs paid $950,000; Lehman Brothers paid $300,000 and Merrill Lynch paid $175,000 to the former president for speeches during that time period. Sen. Clinton's 2008 financial disclosure reports are not yet available.

200811222725 | The Great Birth Certificate Scandal-Cover-Up of the 2008 Election | / | Editorial

200811222725 | The Great Birth Certificate Scandal-Cover-Up of the 2008 Election | / | Editorial

An Institution Dies [Updated] � td blog

An Institution Dies [Updated] � td blog

John Quincy Adams, the Sixth President of the United States and one of the founding fathers, states “But the indissoluble link of union between the people of the several States of this confederated nation is, after all, not in the RIGHT, but in the HEART. If the day should ever come (may Heaven avert it !) when the affections of the people of these States shall be alienated from each other, when the fraternal spirit shall give way to cold indifference, or collision of interests shall fester into hatred, the bonds of political association - will not long hold together parties no longer attracted by the magnetism of conciliated interests and kindly sympathies ; and far better will it be for the people of the disunited States to part in friendship with each other than to be held together by constraint. Then will be the time for reverting to the precedents which occurred at the formation and adoption of the Constitution, to form again a more perfect Union, by dissolving that which could no longer bind, and to leave the separated parts to be reunited by the law of political gravitation to the center.”

Samuel Adams, one of the founding fathers of the United States Constitution, states “The liberties of our country, the freedom of our civil Constitution, are worth defending at all hazards; and it is our duty to defend them against all attacks. We have received them as a fair inheritance from our worthy ancestors: they purchased them for us with toil and danger and expense of treasure and blood, and transmitted them to us with care and diligence. It will bring an everlasting mark of infamy on the present generation, enlightened as it is, if we should suffer them to be wrested from us by violence without a struggle, or to be cheated out of them by the artifices of false and designing men.”

American Thinker: Why the Barack Obama Birth Certificate Issue Is Legitimate

American Thinker: Why the Barack Obama Birth Certificate Issue Is Legitimate

An Institution Dies [Updated] � td blog

An Institution Dies [Updated] � td blog

“Even the Hawaii Department of Home Lands does not accept a certified copy of a birth certificate as conclusive evidence for its homestead program. From its web site: ‘In order to process your application, DHHL utilizes information that is found only on the original Certificate of Live Birth, which is either black or green. This is a more complete record of your birth than the Certification of Live Birth (a computer-generated printout). Submitting the original Certificate of Live Birth will save you time and money since the computer-generated Certification requires additional verification by DHHL.’”

Website referenced: Applying for Hawaiian Home Lands

http://hawaii.gov/dhhl/applicants/appforms/applyhhl

This site lists the eligibility requirements to apply for a Hawaiian home lands homestead lease. They do not accept a computer generated printout as proof.

American Thinker article posted on FR:

http://www.freerepublic.com/focus/f-bloggers/2138710/posts

Monday, November 17, 2008

Four Questions For The Trojan Candidate � td blog

Four Questions For The Trojan Candidate � td blog
renee

TD, Judah, Another note on info. above. IDN Menteng 1 is a public, primary school. Elite, secular, elementary school. Public, but very competative and has exceptionally high standards. Located in one of the most affluent parts of Jakarta, Indonesia. Attracts mostly mid to upper class students, among them, several of the former Dictator Suharto’s grandchildren. Barack Obama was known there as Barry Obama. Very privledged. Classmates were the President Suharto’s grandchildren. Bet you had to have connections to go there.

Four Questions For The Trojan Candidate � td blog

Four Questions For The Trojan Candidate � td blog
Sources for comment

Four Questions For The Trojan Candidate � td blog

FourGrail Guardian : On another post I noted info on the Indonesian President Suharto. Article says more often then not in Indonesia, it was spelled Soeharto.The fact is that family was like a monarchy, and he was the biggest kleptocrat. I also noted the same pronounciation as Lolo Soerto. Lolo worked as a liason to this families’ oil interests and other countries. The names sound the same to me, so I got curious. Could Lolo be part of this Presidential family in Jakarta, Indonesia ? Isnt that where they lived also ? Look at the atmosphere of the photos of them in Indo.Very formal settings. Also,he died with a fortune up to 35 billion. He had 6 children, and over 100 family businesses the grown children still run. Several live in LA, one, 2 doors down from Rod Stewart. He took over Indo in 1965 I think. He then had a post coup massacre of 1/2 million Indonesians. He had little money then. He then spent many years cleaning out Indonesia, and setting up monopolies and questionable businesses there for his children. It is said at leat 73 billion passed through his hands from 1966-1999. This family still owns most luxury resorts in Bali. Isn’t that where Obama went for 3 months to write a book ? Lolo Soerto was a key liason between Mobil Stanvac and this family. I find it too coincidental. Grail guardian, you must be speaking of a different person then this. There was also alot of genocide in this country ( see Papua) story here on Td on an earlier thread. This guy even taxed workers and military for his foundations, which were rip off slush funds. The dynasty got taken down, but his children still own alot of Indonesia. There was alot of Western trade also. The new Indonesian government siezed 134 million from this family August 29.2008. They have been tracing stolen Indonesian money and this family many years, but most long ago hidden all over the world. See past stories online at : Time-Suharto Inc. as well as CNN- Indonesian Elections. There is tons more on this family. I think Lolo was probably a close relative, and the name has been spelled differently. I think this Presidential relationship has been covered up. If this is another “coincidence ” I will be really surprised. Alot of bad things happened in Indonesia while Suharto was the President. Judah and TD, will you see if you think there is some connection here that has been overlooked please ? Questions For The Trojan Candidate � td blog

Sunday, November 16, 2008

Knowledge Is Power

Knowledge Is Power

Barack Hussein in Arabic means “the blessing of Hussein.” In Persian, Obama translates as “He [is] with us.” Thus does the name of the presumptive American president-elect, when combined with his physical attributes and geography, suggest that the End of Times is nigh – precisely what Iranian president Mahmoud Ahmadinejad has been predicting..

Boudicca's Voice: Living the Creed

Boudicca's Voice: Living the Creed

“I believe in the United States of America as a government of the people, by the people, for the people; whose just powers are derived from the consent of the governed, a democracy in a republic, a sovereign Nation of many sovereign States; a perfect union, one and inseparable; established upon those principles of freedom, equality, justice, and humanity for which American patriots sacrificed their lives and fortunes.

I therefore believe it is my duty to my country to love it, to support its Constitution, to obey its laws, to respect its flag, and to defend it against all enemies.

-William Tyler Page, 1917

–Accepted by the United States House of Representatives on April 3, 1918.

Thursday, November 06, 2008

Hog on Ice � � Obummer

Hog on Ice � � Obummer
on the election

What happened last night is a reminder that human beings are less powerful and capable than they think. Civilization is very complicated. There are millions of very slippery and unpredictable factors that influence its function. Although we try, no one–especially not voters–really understands how it works. Voters are incompetent; they always have been. They vote based on things like looks and charm, or because of crazy, discredited ideas they refuse to let go of, or because they make conscious choices to believe proven lies uttered by dishonest candidates. We often talk about the common sense of the American voter and how it will save us, but the truth is, that’s pride talking. We are just as clueless as people in hellholes like India and Haiti, when it comes to choosing leaders. Think about it. SOMEBODY elected Cynthia McKinney and David Duke. If people like that can be elected, Americans are capable of electing the next Hitler or Castro.

We are not prosperous and safe because we’re smarter than Europeans and Africans and Asians. It’s not because we’re a mongrel master race, although we tell ourselves that all the time. We do well because God guides us and watches over us. Last night, we saw how stupid we can be when he withdraws his influence. We elected a nobody with very poor qualifications. A man who was largely sponsored (and openly supported) by our enemies. It was one of the dumbest things ever done by voters in a democratic nation.

Why did this happen? It’s obvious. We begged for it. We are proud and venal and rebellious. We have killed millions of our children in their mother’s wombs. We think sexual morality is obsolete. We are greedy and cruel. We like to go to church, but many of us only feel that way as long as pastors tell us Jesus is more or less like Oprah; a warm, maternal, fawning, obsequious presence who wants us to have tons of self-esteem regardless of our immorality. We are exhausting God’s patience.

Obama’s election is a bad sign. If God can permit us to choose a flashy liar over John McCain, he can also permit us to have an economic depression. He can permit us to be conquered militarily. He can allow Al Qaeda to explode nuclear weapons here. He can take his blessings elsewhere; maybe to Africa and South Korea. We could end up like Greece or Italy. Or Cuba. This may be the beginning of our decline into true socialism and the misery it always brings.

I feel pretty good today, but it has nothing to do with the election. I am not optimistic about America. We may have jumped the shark. This may be our Samson moment. Our divine protection may be gone, and we may be entering into a new age of mediocrity and humiliation.

Obama will get to appoint a large number of federal judges, and they will reinterpret our laws, including the Constitution, to advance Obama’s Marxist notions. Maybe he won’t get to appoint Supreme Court justices. So what? Non-lawyers never seem to realize that the district and appellate judges are much more powerful in the daily lives of Americans. What if he does appoint a couple of justices? Kiss the second amendment goodbye. Forget property rights. And the first amendment will be gutted.

Obama’s underlings will work to bring back the LBJ era. Look forward to higher taxes, more handouts, more damage to our national work ethic, and soaring deficits.

I’m not depressed, because I know my welfare is not directly dependent on the welfare of the nation. I know where the good things in my life come from. But I hate to see America get a spanking like this.

My advice for the next four years is to be astute and zealous in your dissent, but to keep it respectful. Don’t permit the existence of Obama Derangement Syndrome. We have to try to win people over; we’re not going to do it by mimicking Ann Coulter. Pray that God will guide Obama and his administration. Pray for America. Try to be good. Be a witness for God, to increase the number of his people here. And look out for yourself and your family, because very hard times may be right around the corner.

Wednesday, September 24, 2008

The Winter of Our Discontent

The Winter of Our Discontent

Read all, but:

The Bush administration used the 9/11 attacks as an excuse for the biggest increase in military spending and police power since WWII.

Now it is using the market correction (caused largely by its own interventions in the credit industry) to expand state power in the financial area. Half of all Americans pay their mortgages, directly or indirectly, to the federal government. Most older Americans depend, in whole or in part, on money from the government to live. Now, Americans depend on the government to keep house prices up - by subsidizing demand for mortgage backed securities - and to keep up stock and bond prices too - by buying up Wall Street's mistakes. Homeowners want protection from their own bad judgment. Investors want protection from Mr. Market. The old want free medicine. The young want free schooling. The unemployed want jobs and money. The rich want politicians in their pockets. The poor want the rich's money. Investors, homeowners, pensioners - is there anyone left in America who isn't trying to pick someone else's pocket?

Tuesday, July 29, 2008

One world? Obama's on a different planet - Los Angeles Times

One world? Obama's on a different planet - Los Angeles Times

One world? Obama's on a different planet

The senator's Berlin speech was radical and naive.
By John R. Bolton
July 26, 2008
SEN. BARACK OBAMA said in an interview the day after his Berlin speech that it "allowed me to send a message to the American people that the judgments I have made and the judgments I will make are ones that are going to result in them being safer."

If that is what the senator thought he was doing, he still has a lot to learn about both foreign policy and the views of the American people. Although well received in the Tiergarten, the Obama speech actually reveals an even more naive view of the world than we had previously been treated to in the United States. In addition, although most of the speech was

substantively as content-free as his other campaign pronouncements, when substance did slip in, it was truly radical, from an American perspective.

These troubling comments were not widely reported in the generally adulatory media coverage given the speech, but they nonetheless deserve intense scrutiny. It remains to be seen whether these glimpses into Obama's thinking will have any impact on the presidential campaign, but clearly they were not casual remarks. This speech, intended to generate the enormous publicity it in fact received, reflects his campaign's carefully calibrated political thinking. Accordingly, there should be no evading the implications of his statements. Consider just the following two examples.

First, urging greater U.S.-European cooperation, Obama said, "The burdens of global citizenship continue to bind us together." Having earlier proclaimed himself "a fellow citizen of the world" with his German hosts, Obama explained that the fall of the Berlin Wall and the reunification of Europe proved "that there is no challenge too great for a world that stands as one."

Perhaps Obama needs a remedial course in Cold War history, but the Berlin Wall most certainly did not come down because "the world stood as one." The wall fell because of a decades-long, existential struggle against one of the greatest totalitarian ideologies mankind has ever faced. It was a struggle in which strong and determined U.S. leadership was constantly questioned, both in Europe and by substantial segments of the senator's own Democratic Party. In Germany in the later years of the Cold War, Ostpolitik -- "eastern politics," a policy of rapprochement rather than resistance -- continuously risked a split in the Western alliance and might have allowed communism to survive. The U.S. president who made the final successful assault on communism, Ronald Reagan, was derided by many in Europe as not very bright, too unilateralist and too provocative.

But there are larger implications to Obama's rediscovery of the "one world" concept, first announced in the U.S. by Wendell Willkie, the failed Republican 1940 presidential nominee, and subsequently buried by the Cold War's realities.

The successes Obama refers to in his speech -- the defeat of Nazism, the Berlin airlift and the collapse of communism -- were all gained by strong alliances defeating determined opponents of freedom, not by "one-worldism." Although the senator was trying to distinguish himself from perceptions of Bush administration policy within the Atlantic Alliance, he was in fact sketching out a post-alliance policy, perhaps one that would unfold in global organizations such as the United Nations. This is far-reaching indeed.

Second, Obama used the Berlin Wall metaphor to describe his foreign policy priorities as president: "The walls between old allies on either side of the Atlantic cannot stand. The walls between the countries with the most and those with the least cannot stand. The walls between races and tribes; natives and immigrants; Christian and Muslim and Jew cannot stand. These now are the walls we must tear down."

This is a confused, nearly incoherent compilation, to say the least, amalgamating tensions in the Atlantic Alliance with ancient historical conflicts. One hopes even Obama, inexperienced as he is, doesn't see all these "walls" as essentially the same in size and scope. But beyond the incoherence, there is a deeper problem, namely that "walls" exist not simply because of a lack of understanding about who is on the other side but because there are true differences in values and interests that lead to human conflict. The Berlin Wall itself was not built because of a failure of communication but because of the implacable hostility of communism toward freedom. The wall was a reflection of that reality, not an unfortunate mistake.

Tearing down the Berlin Wall was possible because one side -- our side -- defeated the other. Differences in levels of economic development, or the treatment of racial, immigration or religious questions, are not susceptible to the same analysis or solution. Even more basically, challenges to our very civilization, as the Cold War surely was, are not overcome by naively "tearing down walls" with our adversaries.

Throughout the Berlin speech, there were numerous policy pronouncements, all of them hazy and nonspecific, none of them new or different than what Obama has already said during the long American campaign. But the Berlin framework in which he wrapped these ideas for the first time is truly radical for a prospective American president. That he picked a foreign audience is perhaps not surprising, because they could be expected to welcome a less-assertive American view of its role in the world, at least at first glance. Even anti-American Europeans, however, are likely to regret a United States that sees itself as just one more nation in a "united" world.

The best we can hope for is that Obama's rhetoric was simply that, pandering to the audience before him, as politicians so often do. We shall see if this rhetoric follows him back to America, either because he continues to use it or because Sen. John McCain asks voters if this is really what they want from their next president.

John R. Bolton, the former U.S. ambassador to the United Nations, is a senior fellow at the American Enterprise Institute and the author of "Surrender Is Not an Option."

Tuesday, July 08, 2008

R-Squared Energy Blog

R-Squared Energy Blog

http://i-r-squared.blogspot.com/2008/07/lets-talk-about-personal-finance.html


My 9th grade algebra teacher, Mr. Moore, taught us about compound interest. This was one of the most amazing discoveries of my life up to that point, and a definite life-changing event. If I only saved $2 a day, and averaged a paltry 5% of interest, I could accumulate $130,000 by the time I turned 60.

Not a fortune, but then again I am only saving $2 a day and only getting 5%. If somehow I could manage a 10% return, then my $2 a day ended up being $600,000 by the time I turned 60. And if I could manage some real savings - say $100 a month, or $3.33 a day (at the time I was making about $200 a month) - then I would have a million dollars when I turned 60. For the first time in my life, I could see a path to my goal that didn't involve winning the lottery, or otherwise striking it lucky on some long shot.

The power of compound interest has been at the core of my financial planning since that school day in 1981. I knew the ingredients to wealth: 1). Live below your means, so you can save some money. 2). Save the money in a "do not touch" account; 3). Maximize your long-term returns.


Second, I decided that I would never again invest in things that I didn't understand. I still can't tell you exactly what JDS Uniphase does. Something with the Internet. But I don't understand the field well enough to distinguish the pretenders from the contenders.

Third, I vowed that I would always understand the risks. I shun investments that I deem as high-risk, even though I may be giving up substantial rewards. Moderate returns for moderate risk have been better for me than high returns that go along with extreme volatility and an occasional disastrous year.

Finally, I decided to invest only for the long-term. No more market-timing for me. I would evaluate a company based on the fundamentals and my expectations of where trends were heading (e.g., the health care sector looks good as the Baby Boomers age) and invest accordingly.
Those principles have guided my financial planning since then. I have not had a down year since 2000. In hindsight, as a result of my strategic error with the tech stocks, I developed a sound financial plan that has been very good to me. I am probably better off now than had I not taken such big losses in 1999-2000 because of the way it caused me to change the way I invested.

Financial Rules That I Live By

Here are some of the rules I live by:

1. Live within my means. That means that I don't typically make purchases on credit that would take time to pay off. If that means I drive a crappy car - and I have driven crappy cars before - then that's what I do.

2. No credit card debt. While in some cases it may make sense to carry credit card debt (e.g., you got 0% interest for six months), you have to be disciplined. You never want to carry a balance with a > 10% interest rate. You will have a tough time keeping your head above water.

3. Save a minimum of 10% of my income. Over the years, that has probably been closer to 30% for me. I have always maxed out my 401K every year that I worked. I maxed out IRAs, Health Savings Accounts, and Education Savings accounts. Saving that money pre-tax has the added advantage that money that would have gone toward taxes is now accumulating returns.

4. Do my own taxes. Doing your own taxes can give you a lot of insight into how to manage your finances in a way to minimize the take of the tax man. Study all of those deductions, and make sure you are taking the ones you are entitled to take. For most people, doing your own taxes should not be that difficult. Take last year's tax return and start from there. If you get stuck, the IRS has various hotlines to help you out. Even if you can't complete it by yourself, you will learn something by going through the process.

5. Invest in things I understand. For me, that's primarily energy-related, but I also invest in sectors (like health care) that I think are well-positioned for the future.

Friday, June 27, 2008

Wednesday, June 25, 2008

Grouchy Old Cripple: Still More On Oil

Grouchy Old Cripple: Still More On Oil

Before we look at it, let's review the Dimocrats' plan.

1. No new drilling.
2. No nuclear power plants.
3. No new coal fired plants.
4. Conservation.

We can't conserve our way out of this.

5. Sue OPEC

BWAHAHAHAHAHAHA! That's a post for another day.

6. Alternate energy sources like wind, solar, and biofuels.

That biofuel thing is really working out, especially with the floods in the Midwest. Some even say that the additional fields cleared for corn planting exacerbated the flood. Corn based ethanol is a deadend and a waste of money. It should be scrapped immediately.

Just an observation on wind power. Last summer I was driving through Palm Springs. It was 115 degrees and the wind was blowing. There were wind turbines all over the place. Hardly any of them were being used. WTF? There had to be a lot of air conditioners going full blast. Were those few wind turbines providing power or was it coming from an evil nuke or coal fired plant? Every time I've passed a wind farm in California most of the turbines were not being used. This was the same time that California was going through brownouts. 'Splain this wind power solution to me again.

6. Poof! PFM!

That's the most important part of their plan.

So what does Jay have to say about drilling.

Would opening the Arctic National Wildlife Refuge and other coastal areas to oil drilling have any effect on gasoline prices, as many politicians claim? No, it would not.

OK. Why not?

Let's take ANWR as an example. Many Americans would be surprised to learn that oil produced in ANWR would be sold to Americans at whatever the global price for oil happened to be. There's no "hometown discount" —- U.S. consumers would pay 100 percent of the global price for ANWR oil, just as we do now for oil produced from Alaska, Texas or the Gulf of Mexico.

That's because all oil produced in this country goes into the world oil market. All oil sold in this country is bought off the world oil market. So there's only one way that opening ANWR and other areas could lower the price of gasoline here in the United States: It would have to put enough "new oil" on the global market to drive down the price of oil worldwide.

There's supposed to be an awful lot of oil in ANWR.

Furthermore, the EIA predicts that as ANWR oil came on the world market, OPEC would simply reduce its production, thus keeping the global oil supply —- and the global price —- unchanged. So in the end, drilling in the wildlife refuge and offshore areas would have little or no impact on oil prices.

That would mean that we would be sending less of our dollars to the oil ticks in the Middle East. Isn't that a worthwhile goal? Isn't energy independence a worthwhile goal? If we had energy independence we could tell all of the Islamic countries to fuck off.

It sure is a better plan than Poof! PFM!

So what's the solution? There isn't one. The higher gasoline prices we see today are probably permanent and may go higher still. Some energy analysts even believe that world oil production is now peaking and will begin to decline just as global demand has begun to soar. If so, today's historically high petroleum prices will seem like a bargain by 2018.

And the Dimocrats will still be blocking drilling in ANWR and off the coast and waiting for Poof! PFM!

Major automakers understand that a fundamental change is under way —- they're closing plants that make SUVs and pickup trucks and focusing instead on high-mileage cars. And there is strong if early evidence that Americans are making changes in their daily lives that would have seemed impossible just a few years ago.

$4 per gallon of gas will do that.

In response to $4 gasoline, for example, we have begun driving fewer miles and turning more often to mass transit. For the first time in history, the number of miles driven on U.S. highways has begun to decline.

Ahhh! Mass transit. A liberal's wet dream.

According to the Federal Highway Administration, Americans drove 11 billion miles fewer in March than they did in March 2007, a decrease of 4.3 percent. (In Georgia, the decline was even sharper, with travel falling 5.8 percent.) At 25 miles per gallon, that means gasoline consumption nationwide dropped 440 million gallons in March.

Hope the folks getting off the highways are those slow buttheads driving in the left lane.

And in the first three months of 2008, transit ridership increased 3.3 percent, according to the American Public Transportation Association.

Ohhh! I bet Jay had a tingle go up his leg as he was writing that last sentence.

And now he gets to write joyous things for a liberal.

There are no "outs" —- building more refineries or opening new areas to oil drilling cannot alter the global nature of the changes now under way. Overall, an economy and lifestyle built on cheap oil will be forced to undergo wrenching changes in a fairly short period of time.

And those changes are.....?

In suburban areas, sprawling development patterns will become the real estate version of the Hummer, both relics of an age of cheap energy. The same is true of transportation solutions built around such ideas as double-decking highways.

That dreaded sprawl that liberals hate so much. They think everyone should live in the cities and not on 1/2 acre lots in the suburbs. They love high gas prices 'cause it makes people use mass transit and live in dinky little houses, condos, and apartments in the city. Suburbs are eeee-vil. They're almost as eeee-vil as oil companies and highly paid CEOs.

Rail will become a more economically viable means of moving goods as well as people, the airline industry will contract, and given the importance of oil as an agricultural "input" —- it is used for everything from fertilizer and pesticides to running tractors —- food prices are likely to stay high as well.

Trains good. Actually I like trains. I wouldn't mind seeing high speed passenger rail. If the trip is under a thousand miles I usually drive to avoid the airport hassles and riding in a flying bus. A high speed train would be just the ticket. More legroom. Of course, it would have to be gummint subsidized and the liberals would love that.

Overall, the fundamental forces of supply and demand now in play are simply too powerful to be denied. Until alternative energy sources are developed and scaled up, adaptation, not denial, will be the only rational course.

Holy crap! A liberal talking about supply and demand! Will wonders never cease?

Here's my plan:

1. Drill everywhere.
2. Start extracting oil from shale. At the current price of oil it is now economically viable.
3. Coal liquification. We are the Saudi Arabia of coal.
4. Conserve energy. Yeah. I believe conservation should be a part of a comprehensive energy plan.
5. Build more nuclear and coal fired plants. We're gonna need all the electricity we can get if we go electric cars or hydrogen cars.
6. Continue work on solar power. Right now it is not a viable option.
7. Scrap ethanol from corn.
8. Poof PFM! is not an option.

We are Americans. We can do anything. Unfortunately, we have two Dimocrats running for president and neither of them is willing to do what it takes to make us energy independent.

We're doomed!

Friday, June 20, 2008

Doctrine Embraced by the Heart � Already Not Yet

Doctrine Embraced by the Heart � Already Not Yet: "Doctrine Embraced by the Heart
Posted on June 18, 2008 by Peter Cockrell

“When the heart is cast indeed into the mould of the doctrine that the mind embraceth—when the evidence and necessity of the truth abides in us—when not the sense of the words only is in our heads, but the sense of the thing abides in our hearts—when we have communion with God in the doctrine we contend for—then shall we be garrisoned by the grace of God against all the assaults of men.”
-John Owen, The Mystery of the Gospel Vindicated [1655]"

Saturday, June 07, 2008

Language Matters: Taking Centre Stage

Language Matters: Taking Centre Stage

AlbetA'S FIRST BIG WELL. bop

Taking Centre Stage

This article appears in the June 2008 Issue of Oilweek magazine.
By Peter McKenzie-Brown

At 10 o’clock in the morning of February 13, 1947, a group of dignitaries welcomed in the Canadian oil industry’s modern era. On that day Imperial Oil brought in its Leduc #1 discovery with fanfare, but the event was primarily of local interest. Internationally, only the American oil press paid heed.

The event that brought Alberta’s potential to the attention of the world came a year later. The occasion was the storied blowout at Atlantic Leduc #3. Here is the tale of that extraordinary event as seen through the eyes of Hugh Leiper – the last surviving crewman on the well. Twenty years old and at the beginning of a long and successful career, Leiper was derrickman on the rig as the adventure started.

His father worked in the small refinery at Turner Valley, which hosted Canada’s first major oilfield, so Leiper had lived with the industry from childhood. When the Second World War ended, the Turner Valley field was essentially dead from overproduction. “It had been ruined during the war,” says Leiper. “Jobs in drilling were not plentiful, to say the least. There were two rigs working in Wainright, one or two in Taber, Cantex had two working for California Standard and that was about the extent of the drilling industry at that time. Imperial had a rig of its own, the one they used at Leduc.”

After a year at Calgary’s Mount Royal College, Leiper couldn’t afford to continue studying petroleum technology. He signed on as a roughneck with Cantex in 1946 and moved to a new contractor, General Petroleums, a year later. “We were pretty lucky. We lived in camps. We were getting six bucks a day, but they deducted $1.50 for room and board. The steam rigs we used were cheap to operate; all you needed was water and fuel. But they were hard to tear down and move, and by 1949 they were gone. The new power rigs were faster and more portable.”

As drilling contractor, General Petroleums had already drilled two good wells on a quarter section of John Rebus’s 320-acre farm. Rebus owned freehold oil and gas rights, and fabled Calgary oilman Frank McMahon had snapped up that quarter section for Atlantic Oil Company, which he had founded.

The first two wells – wells that would take 4-5 days to drill today – had each taken a month of drilling. Rather than tear down the steam-powered rig to get ready for #3, Leiper says, “We bolted two huge steel beams across the bottom frame of the substructure, then used hydraulic jacks to put the end of each beam on an athey wagon. Athey wagons were steel contraptions, each with a pair of caterpillar tracks, but with no power. Then we hooked on a cat and lugged the whole rig, completely intact, over to the new location. I’d say that rig weighed 50 ton.”

“We had an old blowout preventer but they were usually clogged with mud and crud,” he says. “We really just put them on for show, and sometimes didn’t put them on at all. They were a joke, but I’m getting ahead of myself.”

Drilling began, but “we pretty soon lost circulation in the well. We pumped down straw, wire mesh, golf balls, chicken feathers – I can still smell those chicken feathers -- and anything else we could to try to regain circulation. Nothing worked.”

One evening Leiper was in the cookhouse listening to an argument among the engineers. Some of them “wanted to drill dry – just pump clear water down past the drill bit. The cuttings would theoretically seal off the lost circulation zone.” After fierce arguments, the dry drillers won the day, and disaster loomed.

It was 3 am, March 8th, 1948. Leiper continues, “A fellow named Cliff Covey and I were in the cellar under the rig thawing out a line that was frozen solid. Then suddenly the mud started flowing up. There was a blurp of mud over the drilling nipple, and I said to Covey ‘Let’s get the hell out of here.’ We ran west under the rig and a huge master bushing (a rotary table) weighing several hundred pounds went up through the rig and into the air and landed just 20 feet ahead of us.

“There it was. What an awesome sight, the roar of this thing. You couldn’t talk to each other because of the noise. The rig was winterized as they called it in those days – boarded in with tin. The well was blowing huge chunks of shale and they were penetrating that tin just like you’d taken an AK-47 and opened up on it.

“The driller was a guy named Bill Murray, a very capable driller. He dispatched a couple of people to run down as fast as they could to the boiler house and tell them to shut the fire off. Then he and I ran up to the derrick floor and we raised the string of drill pipe as high as we could, chained down the brake on the draw works, and got off the rig.

“The crown of the rig was more than 150 feet off the ground, and when daylight came we could see what we were dealing with. Oil was blowing over the crown. It seems like lunacy today, but we put up some windsocks. We wanted to know when it was safe to fire up the boilers to pump weighted mud into the well. We were wading in oil up to our bellybuttons, carrying these sacks for the drilling mud.”

“This went on for three days,” he says. Then, suddenly, “the flow subsided. It must have got plugged up a bit, naturally.” The crew got the primitive blowout preventer functioning, and things appeared to be looking up. “I’m running one of the steam pumps, and the mud gauge is going down. It looked like we were winning. Then someone came up to me and said ‘I just come by some seismic shot holes on the road and I saw oil and gas coming out of them.’ That’s when it started. That’s when she started cratering, and it gradually got worse and worse.”

“There was two to three feet of snow in the field, and we needed to get water to the rig, we had to get a line strung up to the well to continue killing it. We started setting up a line using five-inch drill pipe in 45-foot lengths, and we were using bull chains to cinch up these thick-walled pipes.”

“I saw Cliff Covey go walking by, and I wondered what he was doing, going back to the rig. Then I saw him waving his arms for us to come. Well, he was just off the farm, and he had gone into an outdoor privy, lit a cigarette and thrown the match down the hole and caught the toilet on fire. We didn’t have anything to fight fire with. We got some gunny sacks and some little hand fire extinguishers from the pumpers. The flames had gone from the toilet to the sump. We’d swat out a bit of fire here and it would jump over there. None of us should have even been in there. It was lunacy. But we were young and didn’t realize the consequences, and eventually we got it out. We always called him Shithouse Covey after that.

“We decided to do a huge cement job on that well. We got 10,000 sacks of cement, put it into the hopper and pumped it down the well. Didn’t fizz a bit on that hole, not one damned bit. It was an awesome sight. The derrick, the equipment, everything but the boilers was collapsing into the crater.”

Eventually, command of the control operation went to Imperial Oil, although Leiper worked at the site until the end, for General Petroleums. “We didn’t get any danger pay,” he recalls. “The Imperial Oil guys got danger pay – they were a mile and a half away at the river. We didn’t get any, and we were right at ground zero.”

Imperial decided to drill two relief wells, but “one of those holes was plagued with fishing jobs and every other problem you can imagine. Then, in early September, the well caught fire. But we had finished a new water line from the North Saskatchewan River to the operations area, and we pumped huge amounts of river water down the relief wells. Finally, I think it was on September 8th, the well came under control. It just went quiet.”

It took six months, two relief wells and the injection of some 700,000 barrels of river water to bring Atlantic #3 under control. As part of the crude oil recovery effort, trucks sucked more than two million barrels of oil from ditches and gathering pools in the area. Oilman Frank McMahon quipped that the well was “producing through a 40-acre choke.”

The size of the blowout and the cleanup operation created a legend. The whole world knew from newsreels and photo features about it. The words “oil” and “Alberta” had become inseparable.

From a technical perspective, much good came from this disaster. Most importantly, the blowout led to new regulation. “I didn’t see any Oil and Gas Conservation Board (ERCB) people in the area when we were fighting that well,” says Leiper. But after the event the board held a public hearing, and later instituted two important regulations.

The first had to do with surface pipe. The well had been cemented to a shallow shale formation which didn’t have a chance of containing the monster reservoir pressures it encountered. Under the new regulations, drillers had to install adequate surface pipe, and it had to be cemented into a “geologically competent formation” – one that would hold in the event of a blowout.

The second had to do with blowout preventers. After Atlantic #3, BOPs had to be adequate, and there had to be two of them, so you had a backup. This was costly to the industry. “The substructure had to be a lot higher after that, so you could fit all this equipment in the cellar,” Leiper observes. “But this changed the whole complexion of the industry. After #3 there was public regulation of the drilling sector. Prior to that, you were on your own.”

Tuesday, June 03, 2008

Peak Oil Review -- June 2, 2008 | EnergyBulletin.net | Peak Oil News Clearinghouse

Peak Oil Review -- June 2, 2008 | EnergyBulletin.net | Peak Oil News Clearinghouse

Declining Prod and available crude etc

Land of Black Gold: Please God, give us one last shale boom.

Land of Black Gold: Please God, give us one last shale boom.

Please God, give us one last shale boom.

We promise not to miss it this time.

Bakken: CLR, EOG, HES, ERF, WLL, MRO, NOG.

Haynesville: CHK, GDP, HK, GMXR, PVA.

Marcellus: CHK, ATLS, RRC, ATN.

Others: XCO, SM, BEXP, CRK, EAC, XTO.

Service: HP, CRR, WFT, etc.

Bloomberg: Dakota Oil Fields of Saudi-Sized Reserves Make Farmers Drillers.

Quotes:

His new wealth springs from the Bakken formation, a sprawling deposit of high-quality crude beneath the durum wheat fields of North Dakota, Montana and southern Saskatchewan and Manitoba. The Bakken may give the U.S. -- the world's biggest importer of oil -- a new domestic energy source at a time when demand from China and India is ratcheting up the global competition for supplies and propelling average U.S. gasoline prices to almost $4 a gallon.

And unlike the tar from Canada's oil sands, Bakken crude needs little refining. Swirl some of it in a Mason jar and it leaves a thin, honey-colored film along the sides. It's light - -almost like gasoline -- and sweet, meaning it's low in sulfur.

Best of all, the Bakken could be huge. The U.S. Geological Survey's Leigh Price, a Denver geochemist who died of a heart attack in 2000, estimated that the Bakken might hold a whopping 413 billion barrels. If so, it would dwarf Saudi Arabia's Ghawar, the world's biggest field, which has produced about 55 billion barrels.

Thin Deposit

The challenge is getting the oil out. Bakken crude is locked 2 miles (3.2 kilometers) underground in a layer of dolomite, a dense mineral that doesn't surrender oil the way more-porous limestone does. The dolomite band is narrow, too, averaging just 22 feet (7 meters) in North Dakota.

The USGS said in April that the Bakken holds as much as 4.3 billion barrels that can be recovered using today's engineering techniques. That's a fraction of the oil that Price said should be there, but it's still the largest accumulation of crude in the 48 contiguous U.S. states. North Dakota, where Bakken exploration is most intense now, won't become Saudi Arabia unless technology improves.

``The Bakken is the biggest thing in oil in the lower 48 right now,'' says Jim Jarrell, president of Ross Smith Energy Group Ltd., a research firm in Calgary. ``And among the least understood.''