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Monday, April 10, 2006


Surely,The Gods Are Laughing!...


$80 Bucks US is a Distinct Possibility Compliments of Bush
Here we go again!...
It must be pre-ordained that,if your father has been president,or another president has unfinished business,then you have to step up to the plate.
The price of oil is hitting the roof today because the joker on the bomb just happened to be picking the Iran nuclear program as a possible scenario for the use of a strategic nuclear weapon.The picture immediately to the left is missing the strategic oil target it's meant to hit and not some forlorn railway crossing in the middle of nowhere...
The simple fact that Bush has alledgedly had his generals talk about a "strategic" nuclear device-a bunker buster type bomb- to destroy Iran's nuclear facilities means one thing-that the US has so far over-extended itself that it sees no easier way to try and win an arguement.
In all this should be stark and staring warnings that something is amiss with the people who thought this one up.
I think it was James Madison who said, and I quote...
"No nation could preserve it's freedom in the midst of continual warfare"
Attention America because George W. has you surrounded!
Do you know what the president is doing or,as a matter of fact,does anyone?
Everytime I go to the pumps,I wonder...
Why is it that we can't sit back and see what the United Nations is ready to do before we let the "Bush Factor" weigh in on the world situation?
The reality here is that I'd rather see United Nations influence on oil prices rather than ol' George W.
What we're witness to is an Iraq repeat performance.We just don't know when the show starts.
Only George W. knows that one...

Tuesday, April 04, 2006

Did Danny Overshoot the Runway?...
I'm just here going through my numbers and some long dusty facts on oil.
I'm thinking tonight and it hurts...
Did we just bear witness to the shutdown,at least on a temporary basis,the burgeoning offshore oil industry in Newfoundland & Labrador?
Knowing that super royalties were to be paid in the eventuality that the oil industry were to walk into
Hebron-Ben Nevis and develop the field,was it that attractive for Danny to want to walk in and try to scoop the companies when the hard work was already done?
When was the last time you were given equal share in a company after it started to profit and expect to get in at a bargain basement price?...
A possible shutdown of the field until prices rebound is a possibility but the fact that the Newfoundland and Labrador government now has an equity position means that it would in fact,lose an awful lot of money should prices collapse...
And we'd have nothing to show for it...
The Newfoundland & Labrador government should just stay out and stick to putting it's royalty monies into the things we truly need-a vibrant economy that's crude oil and fishery based,and pay for the things we elect members to get for us.
The ground work was already set and we now have Hibernia,Terra Nova and White Rose.
Hebron Ben Nevis was a hard nut to crack with the possible construction of a $4 billion dollar gravity-based structure set to start soon until Danny wanted a part of something he played no role in.
And at $65 bucks a barrel we could have had $10 billion dollars in the bank...
The realities of crude prices falling is remote at best unless the world condition changes and until that happens we're likely to have been witness to the loss of more than the $10 billion conservative estimate of royalties.
Isn't that the total debt of the province as we know it?...
And,if we,as consumers,are to get our hands on a safe,secure guarenteed supply of crude oil into the North American market and become the hinge by which OPEC dependency is to be broken then perhaps Danny and the Tories along the east coast should keep their hands out of the cookie jar.
Make an investment into the reasons WHY oil companies should set up shop here and we'll be all the better for it...
The interest was here....at least,up until yesterdays news...