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Politics : Sioux Nation -- Ignore unavailable to you. Want to Upgrade?

To: stockman_scott who wrote (211797)	6/29/2011 1:08:47 PM
From: twmoore	4 Recommendations Read Replies (2) \| Respond to of 361142

An Obituary printed in the London Times - Interesting and sadly true. Today we mourn the passing of a beloved old friend,Common Sense, who has been with us for many years. No one knows for sure how old he was, since his birth records were long ago lost in bureaucratic red tape. He will be remembered as having cultivated such valuable lessons as: - Knowing when to come in out of the rain; - Why the early bird gets the worm; - Life isn't always fair; - and maybe it was my fault. Common Sense lived by simple, sound financial policies (don't spend more than you can earn) and reliable strategies (adults, not children, are in charge). His health began to deteriorate rapidly when well-intentioned but overbearing regulations were set in place. Reports of a 6-year-old boy charged with sexual harassment for kissing a classmate; teens suspended from school for using mouthwash after lunch; and a teacher fired for reprimanding an unruly student, only worsened his condition. Common Sense lost ground when parents attacked teachers for doing the job that they themselves had failed to do in disciplining their unruly children. It declined even further when schools were required to get parental consent to administer sun lotion or a paracetamol to a student; but could not inform parents when a student became pregnant and wanted to have an abortion. Common Sense lost the will to live as the churches became businesses; and criminals received better treatment than their victims. Common Sense took a beating when you couldn't defend yourself from a burglar in your own home and the burglar could sue you for assault. Common Sense finally gave up the will to live, after a woman failed to realize that a steaming cup of coffee was hot. She spilled a little in her lap, and was promptly awarded a huge settlement. Common Sense was preceded in death, by his parents, Truth and Trust, by his wife, Discretion, by his daughter, Responsibility, and by his son, Reason. He is survived by his 4 stepbrothers; I Know My Rights I Want It Now Someone Else Is To Blame I'm A Victim Not many attended his funeral because so few realized he was gone. If you still remember him, pass this on. If not, join the majority and do nothing.

To: stockman_scott who wrote (211797)	6/29/2011 2:16:41 PM
From: Wharf Rat	1 Recommendation Read Replies (2) \| Respond to of 361142

OPEC spare capacity, rig count and the big picture theoildrum.com good comments.. Immediately prior to the IEA reserves raid announcement on 23rd June, Brent was trading at $110. Today it is back to $109 suggesting that the promise of 18 hours additional expensive supply at some point in the future has done little to impact the big picture - what a surprise! The blue line shows a 1 year running average. In the past when the oil price has been >$100 for a year it has led to recession. Are we on another collision course with destiny this Fall? The IEA action does at least signal awareness among OECD governments of the risks posed by high oil prices to the economy. But the markets are focussed on Greece today. With little prospect of meaningfully boosting global production, the IEA and OECD governments need to focus much more on energy efficiency and conservation - and in America that means smaller cars:-( = As previously discussed, we see a clear inflection point in Global Net Exports (GNE, i.e.Top 33 Net Oil Exporters) in 2005. Following are what we show for GNE for 2002 to 2010 (oil exporters with net oil exports of 100,000 bpd or more in 2005, which account for 99% plus of global net oil exports): Note that GNE increased at about 5%/year from 2002 to 2005: 2002: 39.1 mbpd 2003: 41.6 2004: 44.8 2005: 45.5 At the 2002 to 2005 rate of increase, GNE would have been at about 59 mbpd in 2010, but let's look at what actually happened: 2006: 45.5 mbpd? 2007: 44.6 2008: 44.5 2009: 42.3 2010: 42.6 (BP + Minor EIA data, total petroleum liquids)