Wednesday, November 11, 2009
Mostly Cajun, All American and Opinionated � The world turned upside down
Mostly Cajun, All American and Opinionated � The world turned upside down
Shale Gas Blasts Open World Energy Market
From UK Times
A stretch of coastline on the Texas-Louisiana border provides a startling glimpse of Europe’s energy future. There, where Lake Sabine empties into the Gulf of Mexico, a giant port was completed last year. Built at a cost of $1.5 billion (£900m), it was meant to be a vital new part of America’s energy infrastructure.
Giant tankers from places such as Qatar and Sakhalin island in Russia’s far east were meant to dock there to inject their cargoes of liquefied natural gas (LNG) straight into the national pipeline network.
The Sabine Pass terminal was meant to take about one ship a day but since it opened for business 18 months ago only 10 ships have come in.
“This big shiny new terminal was one of the ones built as the answer to declining US gas production and increasing demand,” said Steve Johnson president of Waterborne Energy, a Texas energy consultancy. “Now it’s in mothballs.”
It is much the same story at America’s eight other LNG import terminals. They are running at only 10% of capacity.
“We have had so much new production come on stream that all of a sudden the role of these terminals has changed dramatically,” said Johnson. “They are getting the world’s leftovers.”
The reason is shale gas — a new and abundant source of natural gas, trapped in rock formations. Oil companies have known about it for decades but always dismissed it because it was too expensive and difficult to extract. In the past few years new technologies that pump water underground to fracture the rock and free the gas have been perfected. The breakthrough has opened a new frontier for the energy industry and turned long-held assumptions about the world’s dwindling supplies on their head.
Suddenly, America is awash with gas. Tony Hayward, chief executive of BP, said it had created a “a revolution in the gas fields of North America”. In a report this summer, the US potential gas committee increased its estimates of American reserves by a third. The Department of Energy now predicts that shale gas could meet half America’s demand within two decades and turn the country into a net exporter.
Monday, November 09, 2009
Sunday, November 08, 2009
Emigre with a Digital Cluebat
Emigre with a Digital Cluebat: "Quote of the Day
“Socialism is a philosophy of failure, the creed of ignorance, and the gospel of envy, its inherent virtue is the equal sharing of misery'- Sir Winston Churchill"
“Socialism is a philosophy of failure, the creed of ignorance, and the gospel of envy, its inherent virtue is the equal sharing of misery'- Sir Winston Churchill"
Friday, November 06, 2009
Sense of Events
Sense of Events
Oh, BTW, for next year's mid-term elections, "Hope and Change" is out. "Wing and a Prayer" is in.
Update: Tom Elia's source was a piece in the Chicago Tribune. But the White House is saying that the story is false.
Saturday, November 7, 2009
When the White House wants your opinion, they'll give it to you
The White House is letting it be known to Democrat political strategists and consultants that if they ever want to work in Washington again they'd better not be seen anywhere near a FoxNews Channel reporter or camera, so says Tom Elia.
One Democratic strategist said that shortly after an appearance on Fox he got a phone call from a White House official telling him not to be a guest on the show again. The call had an intimidating tone, he said.Hope and Change!
The message was, "We better not see you on again,'' said the strategist, who spoke on condition of anonymity so as not to run afoul of the White House. An implicit suggestion, he said, was that "clients might stop using you if you continue.'
Oh, BTW, for next year's mid-term elections, "Hope and Change" is out. "Wing and a Prayer" is in.
Update: Tom Elia's source was a piece in the Chicago Tribune. But the White House is saying that the story is false.
iowahawk
iowahawk
America Take Can Pride In This Historic, Inspirational Disaster
[ed. note: for what it's worth, a rerun of a post that appeared here one year ago today.]
Although I have not always been the most outspoken advocate of President-Elect Barack Obama, today I would like to congratulate him and add my voice to the millions of fellow citizens who are celebrating his historic and frightening election victory. I don't care whether you are a conservative or a liberal -- when you saw this inspiring young African-American rise to our nation's highest office I hope you felt the same sense of patriotic pride that I experienced, no matter how hard you were hyperventilating with deep existential dread.
Yes, I know there are probably other African-Americans much better qualified and prepared for the presidency. Much, much better qualified. Hundreds, easily, if not thousands, and without any troubling ties to radical lunatics and Chicago mobsters. Gary Coleman comes to mind. etc etcCurmudgeonly & Skeptical�
Curmudgeonly & Skeptical�
| THE LAST WILL AND TESTAMENT OF A VERY SPECIAL COMPANION. | |
|
| “ | I, your ever-faithful companion because of my burden of my illness upon me, I realize the end of my life is near, so I hereby leave you my words for my Last Will and Testament. I have little to give you in a material way. So many of your human companions strive for material gain. You know how this divides families at the end. There is nothing that I have to bequeath except my love and faith. These I leave to all those who have loved me. I ask for my owners to remember me always; but not to grieve for me too long. All my life I have tried to be a comfort to them in sorrow and in indeed joy in their life’s happiness. It is very painful for me to think that even in death, I am causing them pain.  I have another request. Please find another animal to be at your side. I know no one can take my place, but I will feel better knowing you are taking special care of another pet. I will leave that pet my leash, or my collar. My favorite pillow, or the special place in the car. It would be a poor tribute to me, if no one ever followed me. One last word of farewell dear ones…Whenever you think of me say to yourself that I was the one you loved; and how much you loved me. No matter how deep my sleep, I shall hear you and not all the power of death can keep my spirit from wagging a grateful tail. May the angels always watch over you as they watch over me. Remember…I will always be with you in love. |
Wednesday, November 04, 2009
The Dollar-Proof Portfolio - Morningstar - ETF Specialist
The Dollar-Proof Portfolio - Morningstar - ETF Specialist:
U.S. All Cap
Vanguard Total Market Index (VTI
U.S. All Cap
Vanguard Total Market Index (VTI
Intl Lrg Cap
Vanguard FTSE All-World ex-US (VEU
Last: $42.75 Day Change: +1.38% |  | |
| | |
| Sponsored by: |   |
5
Emg Mkt Cash
0.55
Quote
"It is said that if you know your enemies
and know yourself, you will not be
imperiled in a hundred battles; if you do
not know your enemies but do know
yourself, you will win one and lose one;
if you do not know your enemies nor
yourself, you will be imperiled in every
single battle." - Sun Tzu
"It is said that if you know your enemies
and know yourself, you will not be
imperiled in a hundred battles; if you do
not know your enemies but do know
yourself, you will win one and lose one;
if you do not know your enemies nor
yourself, you will be imperiled in every
single battle." - Sun Tzu
Tuesday, November 03, 2009
Love Worth Finding Ministries with Adrian Rogers: Daily Treasures
Love Worth Finding Ministries with Adrian Rogers: Daily Treasures
Dare Not Be Silent
November 3, 2009
We are to praise our country when it does right. We are to preach to our country when it does wrong. God’s people dare not be silent.
Let me be very frank with you about politics and Christian involvement. Christians should not identify the Christian faith with Democrats or Republicans. We need to be free to tell both parties to repent and get right with God.
Christians will be civil, but we will not be silent. Nathan warned David. Elijah preached to Ahab. Eleazer warned Jehosophat. Daniel preached to Nebuchadnezzar. Moses warned Pharaoh. John the Baptist preached to Herod.
We must declare to any government under which we live: Whatever is morally wrong is not politically right. And as long as I am talking on this subject, let me add that as long as abortionists kill babies and doctors practice infanticide I will not be silent.
Monday, November 02, 2009
The GOP Establishment Must Be Purged as the GOP Loses in NY-23 - Erick’s blog - RedState
Quote of the day
Erick’s blog - RedState: "Democracy is two wolves and a lamb voting on what to have for lunch. Liberty is a well-armed lamb contesting the vote!—Ben Franklin"
Erick’s blog - RedState: "Democracy is two wolves and a lamb voting on what to have for lunch. Liberty is a well-armed lamb contesting the vote!—Ben Franklin"
Why Keep Geithner? | The Big Picture
Why Keep Geithner? | The Big Picture
A year ago it was revealed to the American people that our banking system was a legalized Ponzi scheme in which bank and insurance CEOs paid themselves billions of dollars in personal compensation to lend and insure assets with money they didn’t have to customers who couldn’t pay back the loans.
In those dark days between the fall of Lehman Brothers and before the presidential election, we were often carried through that time by the small glimmer of hope in that at least we would soon have a new leader who would hopefully fix this mess and punish those responsible.
Yet in the past 9 months, not only has the administration not fixed anything, they have made things much worse for anyone who isn’t a Wall Street banker. Therefore, we are past the point where anyone in power still gets the benefit of the doubt and the process of taking back our country for all citizens must begin now.
This is why I think we must ask if U.S. Treasury Secretary Timothy Geithner is still the right person for the job. It has become clear recently that back in his previous role as New York Federal Reserve Governor, he unnecessarily gave billions of dollars of US tax money to banks and insurance companies with few strings attached. And it is now becoming clear that his lack of meaningful action is helping many of these same banks steal more by legalizing their most economically dangerous, socially destructive and self-enriching practices.
Yesterday on NBC’s Meet the Press, Secretary Geithner again endorsed House bank reform legislation that would allow, by my calculations, as much as 80%, or $475 trillion, of the bank’s $600 trillion in crooked insurance schemes to still be held in secret. It was and is the secret risks held in this very market that led to our collapse in the first place and continue to pose massive future risk to the global economy.From Licensed investigator Susan Daniels to judge Carter � Count Us Out
From Licensed investigator Susan Daniels to judge Carter � Count Us Out
Dear Judge Carter:
Dear Judge Carter:
I am the private investigator who contacted Dr. Orly Taitz when I found that Barack Obama has been using a bogus social security number for years, which is a felony. I have been a licensed investigator for almost fifteen years and recognized it immediately as fraudulent.
If you had allowed Discovery and required the SSA to release his alleged application for that number (and I do not believe such an application exists), you would have realized it, too. Numbers are issued to a person in the state where they are living. Between 1977-79 when it was issued, he was living in Hawaii not Connecticut.
I now realize that you always intended to dismiss the case, because that’s what you were ordered to do. You have bartered your integrity for a lofty position and a hefty pension. Shame on you.
The men and and women in the military will continue to die under the direction of someone who is not entitled to hold the position of Commander in Chief and who is nothing more than a Chicago thug with questionable loyalties.
Semper Fi? I think not.
Sunday, November 01, 2009
Livermores Seven Trading Lessons | The Big Picture
Livermores Seven Trading Lessons | The Big Picture
Via Minyanville, we get this good version of Jesse Livermore’s trading rules, considered to be one of the best traders of all time:
Lesson Number One: Cut your losses quickly.
As soon as a trade is contemplated, a trader must know at what point in time he’ll be proven wrong and exit a position. If a trader doesn’t know his exit before he takes the entry, he might as well go to the racetrack or casino where at least the odds can be quantified.
Lesson Number Two: Confirm your judgment before going all in.
Livermore was famous for throwing out a small position and waiting for his thesis to be confirmed. Once the stock was traveling in the direction he desired, Livermore would pile on rapidly to maximize the returns.
There are several ways to buy more in a winning position — pyramiding up, buying in thirds at predetermined prices, being 100% in no more than 5% above the initial entry — but the take home is to buy in the direction of your winning trade – never when it goes against you.
Lesson Number Three: Watch leading stocks for the best action.
Livermore knew that trending issues were where the big money would be made, and to fight this reality was a loser’s game.
Lesson Number Four: Let profits ride until price action dictates otherwise.
“It never was my thinking that made the big money for me. It always was my sitting.”
One method that satisfies the desire for profit and subdues the fear of a losing trade is to take one half of your profit off at a predetermined level, put a stop at breakeven on the rest, and let it play out without micromanaging the position.
Lesson Number Five: Buy all-time new highs.
The psychological merits of buying all-time or 52-week highs are immense and shouldn’t be discounted as a part of your overall strategy.
Lesson Number Six: Use pivot points to determine trends.
When going long, traders are continually looking for confirmation by assessing the strength of a move. Higher highs and higher lows are a solid indicator that a current uptrend is merely taking a slight pause, and the odds of higher prices are in their favor. These same pivot points are integral to drawing support and resistance lines to give traders their line in the sand. Taken together, trend lines and pivot points can enlighten a trader to a change in momentum, which may change the character of a trade.
Lesson Number Seven: Control your emotions.
Our goal as traders should be to also make a critical yet honest assessment of the areas we can improve so the bottom line will support our claims of truly being seasoned traders. Adhering to the time-tested rules of Jesse Livermore would be a great start for anyone.
The full article is here.
Sense of Events
Sense of Events: "Sunday, November 1, 2009
Quote of the day
'Every morning in Africa, a gazelle wakes up. It knows it must outrun the fastest lion or it will be killed. Every morning in Africa, a lion wakes up. It knows it must run faster than the slowest gazelle, or it will starve.
'It doesn't matter whether you're a lion or a gazelle--when the sun comes up, you'd better be running.'
Roger Bannister, first person to run a mile in under four minutes
By Donald Sensing"
Quote of the day
'Every morning in Africa, a gazelle wakes up. It knows it must outrun the fastest lion or it will be killed. Every morning in Africa, a lion wakes up. It knows it must run faster than the slowest gazelle, or it will starve.
'It doesn't matter whether you're a lion or a gazelle--when the sun comes up, you'd better be running.'
Roger Bannister, first person to run a mile in under four minutes
By Donald Sensing"
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