Saoudi Arabia is the only country in the world that hasn't peaked in oil production. No one is able to verify how their oil supplies are doing because no one is allowed to research their fields.
OPEC announcement
El-Badri said the group would likely fall short of its goal to raise production capacity by five million barrels per day by 2012, according to a research note by analyst Addison Armstrong.
It is pretty clear now that the (easy)cheap oil is now gone. They are adding water in the biggest oil field Gha-Wahr and that means we are for a shocker when the economy picks back up.
Monday, February 9, 2009
Saoudi Arabia is running out of oil
Our school in the news
School district braces for state budget cuts
Bankers created this economic mess, bankers get 2 trillion dollars of taxpayer's money and the rest of us have to suffer. That doesn't seem fair...
Evolution
In the U.S., only 14 percent of adults thought that evolution was "definitely true," while about a third firmly rejected the idea.
Evolution Less Accepted in U.S. Than Other Western Countries, Study Finds
Thursday, February 5, 2009
78 000 000 000
Treasury Overpaid for Bank Assets in Bailout, Oversight Panel Says
The Bush administration received assets that were worth $78 billion less than the amount it invested as part of the massive infusion of capital into the country's banks, congressional investigators have found.
The investigators concluded that the Treasury under the federal bailout had invested $254 billion into companies but the preferred stock it got in return had a market value at the time of only $176 billion, or 69 percent of what the government paid, according to a congressional oversight panel report scheduled to be released today.
I think I just puked in my mouth...
Communism = Centrally planned economy =
A centrally planned economy is one in which the total direction and development of a nation's economy is planned and administered by its government.
Wednesday, February 4, 2009
So how is Chrysler going to survive if their sales are down 55%???
Anyone?
Maybe this will help sales:
1* crash rating
So who facilitated this subprimemess? Who wanted low income families to have a McMAnsion? Who?
The usual subject:
From the Dutch news.
So what is in the 1 TRILLION dollar stimulus plan for our family?
1. $15000 tax credit for buying a home in 2009
2. +/-$1500 return of the sales tax of our car
3. +/-$1000 reduction in income taxes
Thank you, thank you, thank you printing press! 
That really makes you love the US government.
That's me in a few years cashing in my schoolpaycheck:
Tuesday, February 3, 2009
The NERVE
Wells Fargo defends, then cancels Vegas junket
The company initially defended the trip after The Associated Press reported it had booked 12 nights beginning Friday at the Wynn 5*Las Vegas and the Encore Las Vegas. But within hours, investigators and lawmakers on Capitol Hill had scorned the bank, and the company canceled.
It's a DISGRACE, just let these paria's go bankrupt and fire all employees! Please!
Monday, February 2, 2009
It's a start
Americans worried about the possibility of more job cuts boosted their savings rate to 3.6 percent of their after-tax incomes in December.
Nobel economist Joseph Stiglitz
Let banks fail
"The UK has been hit hard because the banks took on enormously large liabilities in foreign currencies. Should the British taxpayers have to lower their standard of living for 20 years to pay off mistakes that benefited a small elite?" he said.
There is an argument for letting the banks go bust. It may cause turmoil but it will be a cheaper way to deal with this in the end."
Joseph Stiglitz
Nobel prize economics 2001
Subscribe to:
Posts (Atom)
