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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: mishedlo who wrote (45349)	1/27/2006 1:50:42 AM
From: shades	Respond to of 116555

Holy smokes - can you divide 90 by 12? The director of the congressional budget office can't - Donald Marron was just on CSPAN giving his speech on the 2006 budget and economic outlook and he was passed a note that he did not divide his numbers right - he said OOPS - my math teacher will be embarrased!!! OH MY GOD - are you kidding me? He cant do simple division - how is he the acting director for the CBO? R U NUTZ? c-span.org; Watch it yourself Heckuva Job Baby! :( :( :( They make assumptions that oil will be 50 for the next 2 years and wage growth 3.5% - they must not read the news I read DJ Saudi Naimi Says Doesn't Expect Oil Prices To Fall . NEW DELHI (Dow Jones)--Oil prices are unlikely to fall in the near term due to factors beyond market fundamentals, Saudi Arabia's oil minister said Friday. "I have no control over prices. We accept that they're high, and of course, we want them to come down," Ali Naimi told reporters in New Delhi, where he is visiting as part of a state delegation. "But they're not going to come down because there are many issues, (even though) supply and demand are balanced." Naimi's remarks came ahead of a closely watched meeting of the Organization of Petroleum Exporting Countries in Vienna Tuesday, where the group will discuss production policy. Naimi, the most influential voice in OPEC, added that Saudi Arabia's crude output has averaged 9.5 million barrels a day since May 2005. The kingdom is understood to be the only OPEC member with significant spare capacity to pump more. Benchmark U.S. light sweet crude oil futures tested the $70-a-barrel mark earlier this week, and were above $66/bbl in electronic trading Friday.