SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Politics : Actual left/right wing discussion -- Ignore unavailable to you. Want to Upgrade?


To: Keith Feral who wrote (2364)10/5/2006 3:19:28 PM
From: one_less  Read Replies (1) | Respond to of 10087
 
"I think the military deserves a huge welcome home party as NATO takes over the war in Afghanistan and Iraq takes control of it's own military."

I'd be happy to wear a party hat on that day.

Have you seen this yet?

====================================

OPEC may hold emergency meeting on output cut: Nigeria, Algeria
Oct 05 11:12 AM US/Eastern

OPEC President Edmund Daukoru has said that the international oil cartel might hold an emergency meeting to consider cutting production.

"We are toying with the possibility of having an emergency meeting," Daukoru, who is also Nigerian Oil Minister, told AFP, dismissing suggestions that the organisation had already reduced its daily output by one million.

Official figures released in August put total OPEC production at just under 30 million barrels per day.

"We are still consulting on whether we should have an emergency meeting or not. It is at such a meeting that we will come up with an appropriate action," Daukoru said.

In Algiers, the Algerian press agency APS quoted an "informed source" who said the meeting would take place on October 18-19 in Vienna.

In London, the price of oil jumped above 60 dollars a barrel. The main New York contract for November delivery rose by 75.0 cents to 60.45 dollars a barrel.

Earlier the Financial Times newspaper reported in Europe that OPEC had already agreed informally to cut its output by one million barrels per day or 4.0 percent to prop up the price which has fallen by 25.0 percent from record high levels in July.

APS echoed that report later in the day.

The head of the Organization of Petroleum Exporting Countries said here that although there appeared to be a consensus among members for a production cut to support the market, only a meeting can ratify that.

"From all the different statements, you will notice that we have a shared concern. Ths consensus is one of shared concern. We each have an idea of what is appropriate response but until we meet before we arrive at an agreed position on what to do," he said.

"We know that something needs to be done. How much, how soon and how to distribute it among member countries will be an issue if we do meet," he added.

Daukoru said that some members such as Nigeria, Venezuela, Algeria and Saudi Arabia were already doing something about it.

Nigeria and Venezuela have announced that they would reduce their oil production by a combined 170,000 barrels per day.

"We took that pre-emptive position. Venezuela also promised me they will announce 50,000 barrels cut. Algeria also gave me some understanding. The Saudis were already taking some measures on their own part," he said.

"As it is now, whatever people hear is simply individual views of OPEC member countries," he added.

OPEC output quota has remained at 28 million barrels per day since June 2005.



To: Keith Feral who wrote (2364)10/5/2006 3:25:28 PM
From: one_less  Read Replies (2) | Respond to of 10087
 
I saw this promotion for a free daily email. I don't want any daily email but if anyone else takes a bite at this,it might be interesting to share with us ...

"There are 71 billion barrels of oil waiting to be discovered in the deep waters of the Gulf of Mexico... There are another 85 billion barrels off the coast of West Africa... And the waters that surround the Spratly Islands in the South China Sea could hold as many as 300 billion barrels... But the greatest secret of all is how much oil lies – untapped – beneath U.S. soil. You'll be amazed when you see the numbers.

Even better, I want to show you which companies are drilling this oil – so you can get there first. It's all there in my free report, The Oil Story No One's Telling."


dailywealth.com

The teaser for that teaser suggested that there is a huge secret oil find in Colorado.



To: Keith Feral who wrote (2364)10/5/2006 3:42:30 PM
From: one_less  Read Replies (1) | Respond to of 10087
 
"Our goal remains the destruction of the Nigerian oil industry and all who stand on the pathway to our objective."
Nigerian militants claim 14 soldiers killed in attack"


Is that what you were talking about?

=============================

LAGOS (MarketWatch) -- Fourteen Nigerian troops were killed in an attack Monday by Niger Delta militants, a faction of the militant said late Tuesday, disputing the military's account that five soldiers had been killed.

Jomo Gbomo, spokesman for the Movement for the Emancipation of the Niger Delta, or MEND, said in an e-mail that the militant group had sent its fighters into Rivers state, where Monday's attack took place, to prepare for expected reprisals by government troops.

"These fighters will remain in the vicinity of Rivers state until the perceived threat to Ijaw communities in Rivers state ceases to exist," he said. Gbomo is a nom de guerre - his real name is unknown. His past warnings about MEND attacks and kidnappings of foreign oil workers, as told to the media, have proven correct. In addition, his previous accounts of MEND's activities have strengthened his claim to being part of the group's inner circle.

The Nigerian Army said Monday that five soldiers were killed in the attack, while nine were declared missing.

The soldiers involved in Monday's attack were escorting a convoy transporting diesel and other materials to a site belonging to Shell Petroleum Development Co. of Nigeria, a unit of Royal Dutch Shell (RDSA). In the incident, 25 oil workers were also abducted, though nine were released Tuesday, Royal Dutch Shell said. Gbomo's e-mail statement on Tuesday didn't mention the abducted workers.
Gbomo warned oil companies against relying on Nigerian authorities for security and vowed the militants were determined to stop the flow of oil from Nigerian wells.

"Our goal remains the destruction of the Nigerian oil industry and all who stand on the pathway to our objective," he said.

Attacks by the militants, as well as sabotage on pipelines, have cut Nigeria's crude oil production by 872,000 barrels a day.

Nigeria's two oil unions haven't yet commented on the latest attack on oil-industry personnel. The unions staged a brief warning strike last month to protest the lack of security in the Niger Delta.