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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: energyplay who wrote (61531)	2/26/2010 10:39:17 PM
From: TobagoJack	Read Replies (2) \| Respond to of 217677

in so far as public security go, both singapore and hong kong are good in so far as hangouts go, both have plenty, but singapore require knowledge, whereas hk is obvious, ie. everywhere, including all coffee shops in all grade a office buildings in so far as eye-candies and sweeties go, more better hong kong for kids, singapore is ok should you wish your kid to be raised in a greenhouse hong kong is better should you wish to raise le femme nikita girls for wives, husbands can wander here there everywhere, even right in the house when wives are not around, or when wives are still sleeping and husbands are working with physical exercise instructors for wives, best the whole family is living in an aged retirement town somewhere florida, and husband is the local undertaker known by all everywhere he shows up :0)

To: energyplay who wrote (61531)	2/27/2010 1:03:56 AM
From: TobagoJack	Read Replies (9) \| Respond to of 217677

is there any sense of urgency in calif on the street level? just in in-tray California Is a Greater Risk Than Greece, Warns JP Morgan Chief 2010-02-26 20:23:57.66 GMT Feb. 26 (Telegraph) -- Jamie Dimon, chairman of JP Morgan Chase, has warned American investors should be more worried about the risk of default of the state of California than of Greece's current debt woes. Mr Dimon told investors at the Wall Street bank's annual meeting that "there could be contagion" if a state the size of California, the biggest of the United States, had problems making debt repayments. "Greece itself would not be an issue for this company, nor would any other country," said Mr Dimon. "We don't really foresee the European Union coming apart." The senior banker said that JP Morgan Chase and other US rivals are largely immune from the European debt crisis, as the risks have largely been hedged. California however poses more of a risk, given the state's $20bn (£13.1bn) budget deficit, which Governor Arnold Schwarzenegger is desperately trying to reduce. Earlier this week, the state's legislature passed bills that will cut the deficit by $2.8bn through budget cuts and other measures. However the former Hollywood film star turned politician is looking for $8.9bn of cuts over the next 16 months, and is also hoping for as much as $7bn of handouts from the federal government. Earlier this week, John Chiang, the state's controller, said that if a workable plan to reduce the deficit and increase cash levels is not reached soon, he will have to return to issuing IOU's, forcing state workers to take additional unpaid leave and potentially freezing spending. Last summer,California issued $3bn of IOU's to creditors including residents owed tax refunds as a way of staving off a cash crisis. "I can't write checks without money; that's against the law. My main goal is to keep the state afloat, but I won't be able to do it without the help of new legislation," said Mr Chiang. -0- Feb/26/2010 20:23 GMT

To: energyplay who wrote (61531)	2/27/2010 2:30:45 PM
From: elmatador	Respond to of 217677

Ultra-Deepwater Drilling For Oil, Gas Defies Recession segment has been profitable throughout and is likely to remain so Ultra-Deepwater Drilling For Oil, Gas Defies Recession By Jason Womack Of DOW JONES NEWSWIRES HOUSTON -(Dow Jones)- The economic recession has been hard on many oilfield-service providers as pinched oil and gas producers have cut back on drilling, but the ultra-deepwater drilling segment has been profitable throughout and is likely to remain so. Transocean Ltd. (RIG), the largest offshore drilling rig contractor, saw its revenue from ultra-deepwater drilling jump 32% to $890 million during the fourth quarter from the same period last year. In contrast, revenue from its jack-up rigs, which drill shallow water fields, fell 40% to $422 million. The company, which posted earnings Wednesday, said all of its rigs that can drill at depths greater than 7,500 feet are booked through 2010, even though more than 40% of its jack-up rig fleet is idle. The rift in the rig market underscores how oil companies that are hard-pressed to find new oil reserves are still willing to spend big, as long as it's in such frontier regions as offshore Brazil, West Africa and the deepwater U.S. Gulf of Mexico, where giant fields are thought to lie. Therefore, such companies as Transocean, Diamond Offshore Drilling Inc. (DO) and Noble Drilling Services Inc. (NE), which maintain a fleet of deepwater drilling rigs, have been relatively shielded from the recent volatility in oil and gas prices. The projects on which these mammoth rigs can take years to complete, and hinge on a long-term view of commodity prices and energy demand rather than near-term market forces, which can drive down investment in smaller, short-term projects. Phil Weiss, an analyst with Argus Research Co. in New York, said companies have yet to tap all the deepwater offshore drilling opportunities. "Cheap oil has all been found. If you want more oil you are going to have to pay for it," Weiss said. Ultra-deepwater rigs are massive structures that can accommodate hundreds of people and may stretch the length of a football field or more. That size, though, comes at a price. Transocean's new ultra-deepwater drilling rig Development Driller III, which can drill to a depth of 35,000 feet, went to work on a seven-year contract with oil giant BP plc. (BP) in the Gulf of Mexico. Although the exact terms of the rig contract were not disclosed, average day rates for the Transocean's ultra-deepwater rig fleet are $486,200, up about 15% from the previous year. "Today there are opportunities in the Gulf of Mexico, West Africa and Brazil, and a number of operators are expressing interest in limited capacity we have available in 2011," Steven Newman, Transocean president and incoming chief executive officer, said Wednesday during a conference call with investors.