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To: Salt'n'Peppa who wrote (116137)1/3/2009 11:50:50 PM
From: Cogito Ergo Sum1 Recommendation  Respond to of 206085
 
Does nobody else see this?
Ya think Mr. Obama studied Mr. Chretien's RedBook LOL



To: Salt'n'Peppa who wrote (116137)1/4/2009 12:15:23 AM
From: Webster Groves  Read Replies (1) | Respond to of 206085
 
Talking about "blended oil" reminds me of a bottle of Canadian Maple syrup I bought at Safeway. A closer inspection of the fine print showed it to be a blend of Canadian (read Quebec) and US (read Vermont) syrups. Never found out the percentages, though, and that left me wondering if it might just be Brazilian syrup concentrate reconstituted with acid rain (g).

wg



To: Salt'n'Peppa who wrote (116137)1/4/2009 12:21:31 PM
From: ChanceIs3 Recommendations  Respond to of 206085
 
>>>"dirty oil" is simply about votes. Does nobody else see this?<<<

The shadow of time has grown long and I don't remember my Saudi oil embargoes well, but the second one ('72?) blew up in their faces. After the first one, the international community had developed stockpiles - and the markets were better developed. When the Arabs refused to sell to the US for its support of Israel in the war, the Us simply bought from the Arab supplies stockpiles and/or say the French in real time, who had just bought from the Arabs.

Different was of saying that I am in complete agreement with you, and that the global market for oil has been very liquid for 30 plus years. I have a book which demonstrated that one tanker's cargo had changed ownership about ten times from when it sailed from the Arab world to when it docked in the US.

California hasn't learned this lesson WRT coal fired electricity. It bans/limits the purchase of coal fired electricity from Nevada and other bordering states. California is a serious net importer of electricity. The electric market is somewhat illiquid due to transmission constraints (hard for Nevada to ship to say Virginia) and the high capital cost of new transmission construction. However jobs and businesses are quite liquid in their ability to move out of California and into regions of low priced electricity.

Have you noticed that California is on the verge of bankruptcy? And oh...so is the US after an extended period of $100 plus crude.