May 6, 2010 archive

Futures Exchange warns: That $100 Oil = $4 a gallon Gasoline



Crude Oil Futures: Crude Oil Tops $100 for 2018 on Threat From BP Spill


Energy Markets

Margot Habiby, Bloomberg – May 5, 2010

Crude oil futures for delivery in 2018 surged above $100 a barrel this week as the BP oil spill in the Gulf of Mexico led the government to consider a halt in future drilling.

The crude oil futures contract dated furthest into the future jumped after President Barack Obama said no new offshore drilling leases should be issued until a “thorough review” of the April 20 rig explosion. […]

Crude oil futures for delivery in December 2018 rose to $100.38 a barrel May 3 on the New York Mercantile Exchange, the highest settlement since Jan. 20. […]

You may not pay today, but we will pay tomorrow,” Phil Flynn, vice president of research at PFGBest in Chicago, said in a report.

[…]

That $100 oil equates to pretty close to $4 a gallon gasoline” in the U.S., said Bruce Bullock, director of the Maguire Energy Institute at Southern Methodist University in Dallas. “We know when it hit $3 a gallon two years ago drivers started to get concerned, and at $4 a gallon demand evaporated.”

Muse in the Morning

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Muse in the Morning


Pinch 3

(Click on image for larger view)

Follow-up…

Toccata

Maurice Ravel

FUCKING PIGS SHOOT GUY’S DOG FOR HAVING RESIN IN A PIECE

(Cross-posted from The Free Speech Zone)

This video shows a search warrant served by the Columbia Mo. police department. The cops bust in this guys house in the middle of the night and shoot his two dogs (one a pit bull that was caged in the kitchen and the other a Corgi) with children in the home. it turns out that rather than a big time drug dealer, this guy had a small pipe with some resin in it, a grinder, and what the cops here call “a small amount of marijuana” (meaning less than a few grams). We here in Comlumbia want everyone to know what kind of police department we have here, check out our “finest” in action.

http://www.copblock.org/missou…

A Pit Bull that was CAGED and a loose Corgi (such a vicious breed) were killed in this video in front of children.

Dear God

I know I’ve never prayed to you before.  Truth to tell I don’t believe in you.  No disrespect intended to either you or your followers, but I think you don’t exist.

Before you get too angry with me saying you don’t exist, understand, I’m merely a lowly human who, if you did exist, you supposedly gifted with rationality and who can only go by the evidence of his senses and things that science and rationality (your gift, if you’re there) have given us, such as “objective evidence”.

But, Barack Obama and Congress wants me to pray to you.  So much so that, instead of prosecuting thieves and criminals who wreck lives so badly that they are despoiling your supposed creation and putting little old ladies out on the street, his Justice Department is instead working to ensure that gay people can’t get married or serve in the military, and that his government’s call to demand people to pray to you is enforced and upheld by our country’s laws, despite the First Amendment.

And, Dear God, whom I sincerely hold and believe you don’t exist, it’s not as if I bear any malice toward those who feel otherwise, that you do exist.  But, understand, God, that I all too often think that Belief In You is used for nefarious things, things that if your Books were to believed, even unholy things, done in Your Name, while at the same time no objective evidence exists that we are talking about anything at all.

Dear God, we know that it is held that you love all your Children, even those such as don’t believe in you, or otherwise believe that the running of a just society is possible without a belief in your existence, but who otherwise hold in a belief in Human Morality, which, if you did exist, would be Your Gift, also.

It is in this spirit, I would like to Ask You, to please Inform the Hearts of your Followers, such that they stop doing things like this, yes, even to those who believe in Human Morality as opposed to God-based Morality:

In the late 1980s, protesters burned Crabb’s likeness in effigy after she allowed Indian tribes to spearfish off their reservations – a practice some white fishermen believed ruined their sport. Demonstrators threw rocks, uttered racial slurs and accused Crabb of giving Indians special treatment.

It is Often Asked, by those who profess a Belief in You, What would Jesus do?  I know, Dear God, that if you Do Exist, you would not want to have your Followers Burning People in Effigy, even such as those who don’t Believe that a Belief in You, Personally, is Necessary or Consonant with the running of a Just Government.

In this spirit, so ordered and requested by Barack Obama, among others, that I would like to Abjure, Request and Plead with you for the following.

To Caption or Not to Caption-That is the Thread

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Make me care.

Faux populism is protecting the powerful.

Whoever they are.  And then making it seem as if it’s about your interests in a good or bad sense as if the powerful are on your side.  So they will ask you to stick it to the other guy at election time, then talk about coexistence and happy happy joy joy cooperating with those self same people they wanted you to be angry enough to stick it to, whenever it’s in their interests to “work with” or “cooperate” with those self same people they wanted you to hate.

So you will have the Democratic Party.  You will have the Coffee Party, which wants to act as if it cares about your interests but is really interested in protecting selected politicians.  And you will have the Tea Party as the court jester and buffoon they want you to pay attention to.

My, my, it’s getting thick.  The theater is really all quite amusing.



Fuck all that we’ve got to get on with these

Gotta compete with the wily Japanese.

No need to worry about the Vietnamese,

Gotta bring the Russian Bear to his knees.

Well, maybe not the Russian Bear,

Maybe the Swedes.

We showed Argentina

Now let’s go and show these.

Make us feel tough

And wouldn’t Maggie be pleased?

Nah nah nah nah nah nah nah!

Not now John,

We’ve got to get on with the film show

Hollywood waits at the end of the rainbow

Who cares what it’s about as long as the kids go,

So, Not now John

We’ve gotta get on with the show.

Can’t stop

Lose job

Mind gone

Silicon

Stockholm

What bomb?

Get away

Pay day

Make hay

Break down

Need fix

Big six

Click click

Hold on

Oh no

Bingo! (Bingo!)

Good luck with Bingo, Democrats, in November.  Obama said, “make me do it”.

I am saying ‘make me care’.  Really, I want to.  You just have to act in such a manner as to let me, and not make it obvious to one like me that it’s just a stupid little game to maintain your political power and keep those donations flowing.

May ’70: 7. How Can You Run When You Know?

May 5th, 1970. As Tuesday dawned, the whole country, the whole world, knew about the Kent State massacre. The famous photo of Mary Ann Vecchio on one knee, keening over the body of Jeffrey Miller, snapped by a Kent undergrad seconds after the National Guard ceased firing on Monday, went on the Associated Press newswire that afternoon and was seared into the nation’s consciousness the next morning.

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Chip Young, one of several friends who volunteered memories when I started this project, recalls:

I would have been 11. I remember my older brother informing my mom about the killings. Her response: “Oh no, not in America.” Perfect moment of shattered idealism.

Nan Faessler blipped me a single sentence:

Because of the killings at Kent State, I made a decision to drop out of graduate school and devote my time to working with the anti-war movement full time.

John Kaye’s response:

I never went to college, but at the time was living near Marquette U in Milwaukee, working in a Movement bookstore. What the right wing at the time used to call an “outside agitator.” Even before the invasion of Cambodia, at that point in my life activism was everything.

When the news hit, especially about Kent State, and shortly after, about Jackson State, things sort of…exploded. I didn’t sleep for 3 days, up all night at meetings, silk-screening clenched fists on t-shirts, etc. Demonstrations and whatever else we could think of all day and evening. The only time in my life I ever gave an impromptu speech, to a smallish group of students gathered just south of the campus, about the Panthers, I think.

In these three brief recollections, we see events as they actually unfolded–shock, individual commitment to resist, escalation of the struggle.

Barack “Offshore” Obama’s Brilliant Timing

This could have been a “teaching moment” for the United States.

As much as 100,000 barrels of oil, 4,000, 000 gallons per day leaking into the Gulf of Mexico!

Isn’t there a lesson in there somewhere, that any idiot could understand?

But unfortunately for all of us… and I don’t mean all of us Americans or even all of us human beings, but unfortunately for every living creature on our little blue planet…

Just a couple of weeks before the Deepwater Horizon oil rig exploded, Barack “Offshore” Obama opened up more than 300,000,000 acres in the Gulf of Mexico and elsewhere for offshore drilling, and now…

At an ideal time to teach a lesson about our catastrophic addiction to oil…

Our professor is dancing with Exxon, and chanting “Drill, baby, drill!”

JP Morgan to acquire Barack Obama from BP, Goldman.

Team Barack Obama (TBO) was closed by the U.S. government in by far the largest failure of a U.S. President since George W. Bush, and its political assets were sold to JPMorgan Chase for $1.9 billion.   Team Obama was originally jointly purchased in early 2008 by Goldman Sachs and British Petroleum, both of which have been suffering devastating political setbacks in recent weeks.  The rescue marks a historic step to clean up a U.S. financial system littered with toxic mortgage debt, and was initiated by the Office of Thrift Supervision after the TBO division suffered deposit outflows of $14 trillion USD since Sept. 15, 2008.

“With insufficient political capital to meet its obligations, TBO was in an unsafe and unsound condition to transact the nation’s business,” the OTS said.  

Afternoon Edition

Afternoon Edition is an Open Thread

From Yahoo News Top Stories

1 BP seals first oil leak in Gulf of Mexico

by Allen Johnson, AFP

1 hr 31 mins ago

NEW ORLEANS, Louisiana (AFP) – BP capped Wednesday one of three leaks hemorraging crude into the Gulf of Mexico, as emergency crews rushed to protect fragile shorelines and islands at risk from the spreading oil slick.

Days of work off the coast of Louisiana with underwater submarines nearly a mile below the surface finally bore fruit as a valve was secured over the smallest of the three leaks and the flow shut off.

The feat does not alter the overall amount of crude spilling into the sea and threatening the fragile US Gulf coast, but is significant nonetheless as the focus can now narrow on just two remaining leaks.

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