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Politics : View from the Center and Left -- Ignore unavailable to you. Want to Upgrade?

To: Wharf Rat who wrote (161345)	4/14/2011 11:25:37 PM
From: Mark Mandel	Read Replies (1) \| Respond to of 542009

To bad the Intertubes article didn’t mention that Governor Peter Shumlin, Vermont was also invited to testify seated next to Walker. In a nutshell, Vermont is saddled with worse budget issues than Wisconsin, as reported by MSNBC this evening. The Vermont governor was also able to get union considerations without any attempt to strip them of any collective bargaining rights. Would have loved to have seen the look on Walker's face when Shumlin was testifying.

To: Wharf Rat who wrote (161345)	4/15/2011 12:40:04 AM
From: Wharf Rat	Respond to of 542009

Watch what they do, not what they say. Saudi Arabia did not make up for Libyan oil Posted by Stuart Staniford on April 14, 2011 - 9:31pm The OPEC Monthly Oil Market Report and IEA Oil Market Report both came out on Tuesday and allow us to see how events in the Middle East are starting to play out in global oil production statistics. NB:This is a lightly edited crosspost from Early Warning In particular, here's the last three years of global total liquid fuels (not zero scaled): Note that the rise that's been going in since last fall has now been abruptly interrupted by the Libyan situation, and total oil production has fallen by about 0.5mbd. This is about 0.6% of global production, but given that the world economy has been growing rapidly and needing about another 0.5mbd/month, the shortfall over what would have happened in a counterfactual world with no Middle Eastern unrest is more like 1.2% of global production. In terms of the price production picture, this has put us much more into territory akin to the 2005-2008 oil shock: We can put the situation almost entirely down to two things: the fact that Libyan production has plummeted, and that Saudi Arabia has made no significant move to compensate. In fact, Saudi Arabia slowed down production increases that it had been making in prior months. First, here's all the Libyan data currently available: theoildrum.com