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	<title>Comments on: Rocky ride ahead</title>
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		<title>By: Lester</title>
		<link>http://online.worldmag.com/2007/11/09/rocky-ride-ahead/comment-page-1/#comment-238905</link>
		<dc:creator>Lester</dc:creator>
		<pubDate>Thu, 15 Nov 2007 22:09:09 +0000</pubDate>
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		<description>Llama - you talk about ego and pride, yet you sure do a lot of bragging.  Frankly, I think you&#039;re full of crap.

The mortgage crisis is not the fault of liberals, but the companies who were all too willing to lend money to people who shouldn&#039;t have gotten it.  Liberal Congress wasn&#039;t putting a gun to the head of these mortgage companies.

Nor was the Liberal Congress putting a gun to the head of the financial institutions creating CDOs and SIVs from these shaky mortgages.</description>
		<content:encoded><![CDATA[<p>Llama &#8211; you talk about ego and pride, yet you sure do a lot of bragging.  Frankly, I think you&#8217;re full of crap.</p>
<p>The mortgage crisis is not the fault of liberals, but the companies who were all too willing to lend money to people who shouldn&#8217;t have gotten it.  Liberal Congress wasn&#8217;t putting a gun to the head of these mortgage companies.</p>
<p>Nor was the Liberal Congress putting a gun to the head of the financial institutions creating CDOs and SIVs from these shaky mortgages.
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		<title>By: llama</title>
		<link>http://online.worldmag.com/2007/11/09/rocky-ride-ahead/comment-page-1/#comment-237025</link>
		<dc:creator>llama</dc:creator>
		<pubDate>Sun, 11 Nov 2007 18:44:23 +0000</pubDate>
		<guid isPermaLink="false">http://www.worldontheweb.com/2007/11/09/rocky-ride-ahead/#comment-237025</guid>
		<description>Scroopy,

But investment isn&#039;t and never has been my line of work either.  It is just a hooby.  How could one spend 5 minutes a day on TALARI and call that a job?  You got to watch those assumptions ;-)</description>
		<content:encoded><![CDATA[<p>Scroopy,</p>
<p>But investment isn&#8217;t and never has been my line of work either.  It is just a hooby.  How could one spend 5 minutes a day on TALARI and call that a job?  You got to watch those assumptions <img src='http://online.worldmag.com/wp-includes/images/smilies/icon_wink.gif' alt=';-)' class='wp-smiley' />
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		<title>By: llama</title>
		<link>http://online.worldmag.com/2007/11/09/rocky-ride-ahead/comment-page-1/#comment-237024</link>
		<dc:creator>llama</dc:creator>
		<pubDate>Sun, 11 Nov 2007 18:41:17 +0000</pubDate>
		<guid isPermaLink="false">http://www.worldontheweb.com/2007/11/09/rocky-ride-ahead/#comment-237024</guid>
		<description>Scroopy,

Stick to the facts please.  The standard definition for a recession, excepted by everyone but you it seems, is negative growth two periods in a row.  That happened in April 1999.  To have a chance to be right, you have to know what the standard you are shooting for is, know what is is and then your assumption can be compared to it for truthfulness.

Do you know that your little piss is worth $1 trillion dollars today? 1/13th of US GDP and 1/8th its national debt. If $1 trillion is a piss to you I&#039;d hate to expose your ego - which was easily done anyway.  Never forget; fear, pride and ego are the three character attributes that cause failure - every time.  Just call it another freebie given to the have nots from the haves :-)

You don&#039;t know how rich I am either and you could never, ever guess by my lifestyle either.   Truth be known, I barely have enough money today to eek out a comfortable retirement if I ever retire for good, but my daughter is pretty well off.

I&#039;m sure your brother lives way better and gives less to charity though - regardless of his wealth.  Remind him it is better to be managing your own money than doing for others.  Hopefully he knows that money is pretty worthless in the scheme of things, and just a tool used to fix the broken and nothing more - its value is the same as a $1 screw driver.  

Making money, if that is what you want to do, is easy.  In fact, doing anything you want to do in life for the most part is easy - if you have normal intelligence and are not physically handicapped.  It is just seems hard for those who don&#039;t believe it, lack the required character attributes to succeed, avoid the tree that cause failure and don&#039;t actually do it, or much of anything for that matter - and thus do not know how really easy it is.  Like they say, you can&#039;t win if you don&#039;t play.

All you have to have is good character and the willingness to sacrifice and willingness to do what ever it takes - no matter how many times you fail - and you will fail more often than anyone else since you are actually doing something that can be failed at.  See how easy it is?  Pay no attention whatsoever to those that make fun of you when they see you fail all the time, or are jealous of you when you succeed once in a while and reward generously those that help you solve problems. 

Calls and puts are much less risky than owning or shorting stocks outright.  If it costs you $300 to buy a $3 call on a 100 shares of a $50 stock, the most you have invested is $300 and that is most you can lose.  Your upside is unlimited.  If you own the 100 shares of stock, you have $5,000 invested (instead of $300) and you risk losing it all ($5,000) instead of the maximum risk of losing $300 with the call.  Owning the stock also has unlimited upside.  The less risky investment is to buy calls instead of shares of stock. 

Options have nothing to do with TALARI for Dummies of course, but they fit quite well with its central theme of reducing investment risk to the absolute lowest possible level while maximizing potential profits.  Oddly, people think options are way more risky than owning stock outright (totally wrong) and for savvy, experienced investors only.  This is nonsense of course.  They actually think the same thong about TALARI too until folks get the gist of TALARI and learn the truth - for themselves.  They are shocked to realize how simple it is and are stunned it took until 1974 for an MBA student at Harvard to discover such a simple thing.  I know I was.

But that is the way life is.  Some people spend their whole lives believing false assumptions, doing little that leads to success, focusing in on the insignificant instead and do not realize the truth is quite elegantly simple most always and easy to take advantage of in any endeavor.

From my personal experience, using the 1 simple principle of The Art of Low Risk Investing and its other rule number 2 of never violating rule number 1, in 29 years TALARI has never lost money and it has averaged a minimum return of well over twice what the best market returned in the USA - or lost in any year.  The past 3 years TALRI returned over 100% each and every year and has a chance to do so again this year - setting a new record.

Investing for me has nothing in common with gambling in Las Vegas where i personally have never walked out of town a winner - not ever.  I like better odds that are always in my favor.  Like talking to you :-)</description>
		<content:encoded><![CDATA[<p>Scroopy,</p>
<p>Stick to the facts please.  The standard definition for a recession, excepted by everyone but you it seems, is negative growth two periods in a row.  That happened in April 1999.  To have a chance to be right, you have to know what the standard you are shooting for is, know what is is and then your assumption can be compared to it for truthfulness.</p>
<p>Do you know that your little piss is worth $1 trillion dollars today? 1/13th of US GDP and 1/8th its national debt. If $1 trillion is a piss to you I&#8217;d hate to expose your ego &#8211; which was easily done anyway.  Never forget; fear, pride and ego are the three character attributes that cause failure &#8211; every time.  Just call it another freebie given to the have nots from the haves <img src='http://online.worldmag.com/wp-includes/images/smilies/icon_smile.gif' alt=':-)' class='wp-smiley' /> </p>
<p>You don&#8217;t know how rich I am either and you could never, ever guess by my lifestyle either.   Truth be known, I barely have enough money today to eek out a comfortable retirement if I ever retire for good, but my daughter is pretty well off.</p>
<p>I&#8217;m sure your brother lives way better and gives less to charity though &#8211; regardless of his wealth.  Remind him it is better to be managing your own money than doing for others.  Hopefully he knows that money is pretty worthless in the scheme of things, and just a tool used to fix the broken and nothing more &#8211; its value is the same as a $1 screw driver.  </p>
<p>Making money, if that is what you want to do, is easy.  In fact, doing anything you want to do in life for the most part is easy &#8211; if you have normal intelligence and are not physically handicapped.  It is just seems hard for those who don&#8217;t believe it, lack the required character attributes to succeed, avoid the tree that cause failure and don&#8217;t actually do it, or much of anything for that matter &#8211; and thus do not know how really easy it is.  Like they say, you can&#8217;t win if you don&#8217;t play.</p>
<p>All you have to have is good character and the willingness to sacrifice and willingness to do what ever it takes &#8211; no matter how many times you fail &#8211; and you will fail more often than anyone else since you are actually doing something that can be failed at.  See how easy it is?  Pay no attention whatsoever to those that make fun of you when they see you fail all the time, or are jealous of you when you succeed once in a while and reward generously those that help you solve problems. </p>
<p>Calls and puts are much less risky than owning or shorting stocks outright.  If it costs you $300 to buy a $3 call on a 100 shares of a $50 stock, the most you have invested is $300 and that is most you can lose.  Your upside is unlimited.  If you own the 100 shares of stock, you have $5,000 invested (instead of $300) and you risk losing it all ($5,000) instead of the maximum risk of losing $300 with the call.  Owning the stock also has unlimited upside.  The less risky investment is to buy calls instead of shares of stock. </p>
<p>Options have nothing to do with TALARI for Dummies of course, but they fit quite well with its central theme of reducing investment risk to the absolute lowest possible level while maximizing potential profits.  Oddly, people think options are way more risky than owning stock outright (totally wrong) and for savvy, experienced investors only.  This is nonsense of course.  They actually think the same thong about TALARI too until folks get the gist of TALARI and learn the truth &#8211; for themselves.  They are shocked to realize how simple it is and are stunned it took until 1974 for an MBA student at Harvard to discover such a simple thing.  I know I was.</p>
<p>But that is the way life is.  Some people spend their whole lives believing false assumptions, doing little that leads to success, focusing in on the insignificant instead and do not realize the truth is quite elegantly simple most always and easy to take advantage of in any endeavor.</p>
<p>From my personal experience, using the 1 simple principle of The Art of Low Risk Investing and its other rule number 2 of never violating rule number 1, in 29 years TALARI has never lost money and it has averaged a minimum return of well over twice what the best market returned in the USA &#8211; or lost in any year.  The past 3 years TALRI returned over 100% each and every year and has a chance to do so again this year &#8211; setting a new record.</p>
<p>Investing for me has nothing in common with gambling in Las Vegas where i personally have never walked out of town a winner &#8211; not ever.  I like better odds that are always in my favor.  Like talking to you <img src='http://online.worldmag.com/wp-includes/images/smilies/icon_smile.gif' alt=':-)' class='wp-smiley' />
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		<title>By: Scroop Moth</title>
		<link>http://online.worldmag.com/2007/11/09/rocky-ride-ahead/comment-page-1/#comment-236994</link>
		<dc:creator>Scroop Moth</dc:creator>
		<pubDate>Sun, 11 Nov 2007 16:26:53 +0000</pubDate>
		<guid isPermaLink="false">http://www.worldontheweb.com/2007/11/09/rocky-ride-ahead/#comment-236994</guid>
		<description>Llama  --   

So, it sounds like you&#039;re an options trader with a supernatural guru.  I&#039;m glad the booms and busts work for you.  You&#039;re a modest man to say it&#039;s easy, however.  I&#039;ve looked at &quot;Options as a Strategic Investment,&quot; and have a brother who has a small firm with some billions of bank money under management.  I don&#039;t know how rich he is, because he never boasts, but perhaps he&#039;s not as rich as you, considering that he has some liberal employees.  

Your facts about the last recession are wrong.  The peak of the business cycle expansion was March 2001 and the trough of the contraction was Nov. 2001.  Nobody accused the Fed under Clinton of mishandling the money supply, which is considered to be a big factor in recession.</description>
		<content:encoded><![CDATA[<p>Llama  &#8212;   </p>
<p>So, it sounds like you&#8217;re an options trader with a supernatural guru.  I&#8217;m glad the booms and busts work for you.  You&#8217;re a modest man to say it&#8217;s easy, however.  I&#8217;ve looked at &#8220;Options as a Strategic Investment,&#8221; and have a brother who has a small firm with some billions of bank money under management.  I don&#8217;t know how rich he is, because he never boasts, but perhaps he&#8217;s not as rich as you, considering that he has some liberal employees.  </p>
<p>Your facts about the last recession are wrong.  The peak of the business cycle expansion was March 2001 and the trough of the contraction was Nov. 2001.  Nobody accused the Fed under Clinton of mishandling the money supply, which is considered to be a big factor in recession.
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		<title>By: Random Name</title>
		<link>http://online.worldmag.com/2007/11/09/rocky-ride-ahead/comment-page-1/#comment-236903</link>
		<dc:creator>Random Name</dc:creator>
		<pubDate>Sun, 11 Nov 2007 01:11:51 +0000</pubDate>
		<guid isPermaLink="false">http://www.worldontheweb.com/2007/11/09/rocky-ride-ahead/#comment-236903</guid>
		<description>HRW,

What is the equivalent of a &quot;put&quot; at the blackjack and poker table?</description>
		<content:encoded><![CDATA[<p>HRW,</p>
<p>What is the equivalent of a &#8220;put&#8221; at the blackjack and poker table?
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		<title>By: hrw</title>
		<link>http://online.worldmag.com/2007/11/09/rocky-ride-ahead/comment-page-1/#comment-236889</link>
		<dc:creator>hrw</dc:creator>
		<pubDate>Sat, 10 Nov 2007 23:45:22 +0000</pubDate>
		<guid isPermaLink="false">http://www.worldontheweb.com/2007/11/09/rocky-ride-ahead/#comment-236889</guid>
		<description>1.42 years of consumption -- a piss in the proverbial bucket. The Alberta tar sands should keep the US motoring a little more than that.

I always viewed the stock market as a casino, especially when it included leverage, derivatives, puts, calls, futures etc. If you buy and sell stock on the basis of a company&#039;s performance or promise I understand. The rest is suspiciously similar to the blackjack and poker table.</description>
		<content:encoded><![CDATA[<p>1.42 years of consumption &#8212; a piss in the proverbial bucket. The Alberta tar sands should keep the US motoring a little more than that.</p>
<p>I always viewed the stock market as a casino, especially when it included leverage, derivatives, puts, calls, futures etc. If you buy and sell stock on the basis of a company&#8217;s performance or promise I understand. The rest is suspiciously similar to the blackjack and poker table.
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		<title>By: llama</title>
		<link>http://online.worldmag.com/2007/11/09/rocky-ride-ahead/comment-page-1/#comment-236880</link>
		<dc:creator>llama</dc:creator>
		<pubDate>Sat, 10 Nov 2007 23:13:37 +0000</pubDate>
		<guid isPermaLink="false">http://www.worldontheweb.com/2007/11/09/rocky-ride-ahead/#comment-236880</guid>
		<description>Scroopy,

I always make money. Historically, when Lefties have the presidency or control the house and senate or all three, there is a recession.

The last recession of note started in April 1999 while Clinton was President.  It took me 6 years before 1999 to quadruple my net worth - twice - and only 2 years after Clinton&#039;s 1999 recession to do it again - twice.  Not bragging - just grateful for this great country and stating the historical facts.

I usually don&#039;t tell lefties how to make money. I try never to do business with them and I certainly try to avoid hiring them at all costs  for that matter, but in this case the cat is already out of the bag.

From 1993 to 1999 the NASDAQ went from roughly 1000 to 5000 or so and then 2 years later it was back down to 1000 again.

It doesn&#039;t take a lefty rocket scientist like you to figure out that if you used the principles of the Art of Low Risk Investing - for Dummies, to use calls on the way up and puts on the way down and that making a fortune both ways was quite easy.  This was a &#039;slam dunk&#039; and we will like never ever see an investing atmosphere like this in America in our lifetime.

Thelast 4 years have been just like it though in the Emerging Markets on the upside.  I am praying the the lefty recession this time will also be as profitable as the last one.   

Can you see how easy it is Scroopy or do you need some more teaching? I will admit it helps not to be a rocket scientist like you and be a Dummy like me in order to understand simple things like making money :-)</description>
		<content:encoded><![CDATA[<p>Scroopy,</p>
<p>I always make money. Historically, when Lefties have the presidency or control the house and senate or all three, there is a recession.</p>
<p>The last recession of note started in April 1999 while Clinton was President.  It took me 6 years before 1999 to quadruple my net worth &#8211; twice &#8211; and only 2 years after Clinton&#8217;s 1999 recession to do it again &#8211; twice.  Not bragging &#8211; just grateful for this great country and stating the historical facts.</p>
<p>I usually don&#8217;t tell lefties how to make money. I try never to do business with them and I certainly try to avoid hiring them at all costs  for that matter, but in this case the cat is already out of the bag.</p>
<p>From 1993 to 1999 the NASDAQ went from roughly 1000 to 5000 or so and then 2 years later it was back down to 1000 again.</p>
<p>It doesn&#8217;t take a lefty rocket scientist like you to figure out that if you used the principles of the Art of Low Risk Investing &#8211; for Dummies, to use calls on the way up and puts on the way down and that making a fortune both ways was quite easy.  This was a &#8217;slam dunk&#8217; and we will like never ever see an investing atmosphere like this in America in our lifetime.</p>
<p>Thelast 4 years have been just like it though in the Emerging Markets on the upside.  I am praying the the lefty recession this time will also be as profitable as the last one.   </p>
<p>Can you see how easy it is Scroopy or do you need some more teaching? I will admit it helps not to be a rocket scientist like you and be a Dummy like me in order to understand simple things like making money <img src='http://online.worldmag.com/wp-includes/images/smilies/icon_smile.gif' alt=':-)' class='wp-smiley' />
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		<title>By: llama</title>
		<link>http://online.worldmag.com/2007/11/09/rocky-ride-ahead/comment-page-1/#comment-236865</link>
		<dc:creator>llama</dc:creator>
		<pubDate>Sat, 10 Nov 2007 21:55:38 +0000</pubDate>
		<guid isPermaLink="false">http://www.worldontheweb.com/2007/11/09/rocky-ride-ahead/#comment-236865</guid>
		<description>Scroopy,

I suppose that I did not explain how the left was complicit in the Mortgage Credit Meltdown but I did not do so on purpose.  I know what happens when we supply everything for lefties for free in our unlimited generosity. But being a compassionate conservative I feel like I should give you a hint and teach you some logic - also for free by asking a few questions about this subject and see if you can research the answers correctly to test assumptions properly and draw conclusions based on facts and logic.

What political party was in charge and allowed borrowers to swindle lending institutions?

Why would these borrowers for any reason take money form anyone they knew they could not pay back - but still promise to do so by contract? 

Who was generous to help people and provide funding for homes at great personal and company risk?

Who were these people that swindled the lenders?

What political persuasion were these swindling borrowers?

Were these borrowers of any particular race,  economic status or political party?

Where did these swindlers live in the vast majority?

Who controlled the politics where these borrowers lived?

There are many more questions that, I will leave to you to discover and answer, before you can test any assumption for truth in this matter and develop any conclusions that will stand muster.

Teaching is generosity at its finest.  Generosity is the greatest of all character attributes to have an hold dear and required for success.</description>
		<content:encoded><![CDATA[<p>Scroopy,</p>
<p>I suppose that I did not explain how the left was complicit in the Mortgage Credit Meltdown but I did not do so on purpose.  I know what happens when we supply everything for lefties for free in our unlimited generosity. But being a compassionate conservative I feel like I should give you a hint and teach you some logic &#8211; also for free by asking a few questions about this subject and see if you can research the answers correctly to test assumptions properly and draw conclusions based on facts and logic.</p>
<p>What political party was in charge and allowed borrowers to swindle lending institutions?</p>
<p>Why would these borrowers for any reason take money form anyone they knew they could not pay back &#8211; but still promise to do so by contract? </p>
<p>Who was generous to help people and provide funding for homes at great personal and company risk?</p>
<p>Who were these people that swindled the lenders?</p>
<p>What political persuasion were these swindling borrowers?</p>
<p>Were these borrowers of any particular race,  economic status or political party?</p>
<p>Where did these swindlers live in the vast majority?</p>
<p>Who controlled the politics where these borrowers lived?</p>
<p>There are many more questions that, I will leave to you to discover and answer, before you can test any assumption for truth in this matter and develop any conclusions that will stand muster.</p>
<p>Teaching is generosity at its finest.  Generosity is the greatest of all character attributes to have an hold dear and required for success.
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		<title>By: llama</title>
		<link>http://online.worldmag.com/2007/11/09/rocky-ride-ahead/comment-page-1/#comment-236852</link>
		<dc:creator>llama</dc:creator>
		<pubDate>Sat, 10 Nov 2007 21:22:03 +0000</pubDate>
		<guid isPermaLink="false">http://www.worldontheweb.com/2007/11/09/rocky-ride-ahead/#comment-236852</guid>
		<description>Scroopy,

I explained it all quite well, tyou just can&#039;t seem to get it for some reason - but take heart, you are not alone in lacking understanding of the most simple things.

GO back TO GO and read closely.</description>
		<content:encoded><![CDATA[<p>Scroopy,</p>
<p>I explained it all quite well, tyou just can&#8217;t seem to get it for some reason &#8211; but take heart, you are not alone in lacking understanding of the most simple things.</p>
<p>GO back TO GO and read closely.
<p align="right"><font POINT-SIZE=8><a href="javascript:void(0)" title=""  onmouseover="window.status=''; return true" onmouseout="window.status=''; return true" onclick="ddrc_popup('http://online.worldmag.com/wp-content/plugins/dd-report-comments/report.php?c=236852', 500, 500)">Report comment to moderator</a></font></p>
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		<title>By: llama</title>
		<link>http://online.worldmag.com/2007/11/09/rocky-ride-ahead/comment-page-1/#comment-236833</link>
		<dc:creator>llama</dc:creator>
		<pubDate>Sat, 10 Nov 2007 20:24:27 +0000</pubDate>
		<guid isPermaLink="false">http://www.worldontheweb.com/2007/11/09/rocky-ride-ahead/#comment-236833</guid>
		<description>Lester Oh Lester - You are too easy.

I usually do not do research for others, especially lazy lefties who never seem to do it to know the facts, but this was easy since I have all the facts at hand when it comes to US oil consumption, production and forecasts.  Since I buy, hedge, contract futures and consume several million gallons of fuel each year, I find knowing the truth about oil a business necessity that could cost me quite easily millions of dollars if I guess unwisely - unlike some others. 

The total US oil consumption in 2003 was 20,034,000 barrels a day and US imports were 10,115,241 barrels a day with about 50% was imported.  The conservative proven estimated total ANWAR field reserves on the original 2,000 acres tested only, is 10.4 Billion Barrels of oil.  Based on 2003 US consumption the original ANWAR field on 2,000 acres was 1.42 years of total US consumption.  Your fib, exaggeration or what ever you want to call it was only off 42%.  This of course was only based on the original proven field on the measly 2,000 acres.

ANWAR also represented 3 years of total US imports in 2003 as well.  Now assuming that it would be prudent financially to pump about 1.4 million barrels a day from ANWAR this would represent about 14% of 2003 US oil imports - every day and 7% of our total 2003 consumption.

With the US using 25,26% of the world&#039;s 79,613,000 barrels of oil a day in 2003, ANWAR represented 1.76% of the entire world oil consumption in 2003.

What is happening today in the oil business is quite clear.  Since 2003 US oil consumption has increased 3.3% (1.1% a year through latest data at end of 2006) while world oil consumption, including the USA increase, has increased 6.4%.  This means that the non US world is increasing their oil consumption at roughly 3 times the rate of the USA and this increase is happening mainly in undeveloped Emerging countries like China, India, Far and Near East countries and Latin America.

No surprise there. Since 2003 to date, world oil supply has just barely kept up with the world oil demand but the rate of increasing demand is much greater than the ability to increase supply for several well know reasons even a lefty could find if they were not so lazy.

First off, there was an excess supply capacity that was not being tapped where oil producers had already built the infrastructure to produce more oil as it was needed by the world.  OPEC routinely limited oil production from their members to make the supply of oil equal to the demand resulting in the highest price the market could bear for their oil production.  ARAB Oil Potentates know the oil pricing and business much better than any lefty it seems - plus they are probably smarter too :-)

Secondly, since OPEC oil producers have had excess supply capacity, there was no reason for them to invest the billion and billions of dollars in new infrastructure to be able to produce more oil.  

Thirdly, it takes years and years besides the billions of dollars in investment, 5 in the case of ANWAR, to build this infrastructure and since the ageing old infrastructure fields were being depleted, old field production was going down sucking up the old excess capacity at a great rate.  A 5 year lead time for any development of new oil fields makes keeping supply in line with near instantly huge increases in world demand - difficult if not impossible when lefties will not allow any development of newly found domestic oil reserves.

These OPEC oil potentates have no incentive to produce more oil either.  They have learned that less oil production means huge oil prices for them now and makes their oil reserves last decades longer that can be sold in the future at even higher and higher prices - prices that you don&#039;t want to know about but,  $100 a barrel oil today will feel exactly like the $10 a barrel oil we saw 10 yeas ago.  Who would have thought that you could be buying oil from these same Oil Potentates 10 years for now at 10 to 20 times its current price?

Well, today thanks to lefties exclusively, US oil production continues to fall and in 4 short years we are now importing 60% of our oil even though our consumption is only up 3.3%.  They of course will cry like the children they are and claim otherwise by lying like children are want to do when they get caught, but the fact is the insane left has brought to halt, nearly all by themselves, any and all production of substantial US oil reserves in Alaska, the Gulf of Mexico and off the coast of Florida or anywhere else in the USA for that matter.  It is almost like they are working with Arab Oil Potentates to win higher prices for their Arab Oil Potentate buddies, at America&#039;s expense,  the same way they are working to win the war for their Islamofascist terrorist buddies who cannot win it on the battlefield without the left&#039;s invaluable help - just like Vietnam.

But, the left isn&#039;t just working against America when it comes to oil prices and Islamofascists terrorists they are also single handedly causing huge price increases in all other energy supplies including gasoline, natural gas, electricity.  It is the left, all by themselves, that has stopped the building of all new gasoline refineries, the development of natural gas fields and the building of nuclear power plants for 30 years now - causing a shortage today that has driven up energy prices, limited their availability and making future energy supply - this country cannot live without and no alternative can supply - regardless of their insane alternative claims otherwise.

They are also blocking all the alternative energy wind and solar projects, that have been blocked to date, for environmental reason.  Don&#039;t try to understand whack jobs if you want to remain sane.  Just remember to ignore what they say since it is probably a lie, but watch closely what they do since they want you as poor, miserable and dead like like .....eeerrr......Socialists on the Socialism Drug :-)</description>
		<content:encoded><![CDATA[<p>Lester Oh Lester &#8211; You are too easy.</p>
<p>I usually do not do research for others, especially lazy lefties who never seem to do it to know the facts, but this was easy since I have all the facts at hand when it comes to US oil consumption, production and forecasts.  Since I buy, hedge, contract futures and consume several million gallons of fuel each year, I find knowing the truth about oil a business necessity that could cost me quite easily millions of dollars if I guess unwisely &#8211; unlike some others. </p>
<p>The total US oil consumption in 2003 was 20,034,000 barrels a day and US imports were 10,115,241 barrels a day with about 50% was imported.  The conservative proven estimated total ANWAR field reserves on the original 2,000 acres tested only, is 10.4 Billion Barrels of oil.  Based on 2003 US consumption the original ANWAR field on 2,000 acres was 1.42 years of total US consumption.  Your fib, exaggeration or what ever you want to call it was only off 42%.  This of course was only based on the original proven field on the measly 2,000 acres.</p>
<p>ANWAR also represented 3 years of total US imports in 2003 as well.  Now assuming that it would be prudent financially to pump about 1.4 million barrels a day from ANWAR this would represent about 14% of 2003 US oil imports &#8211; every day and 7% of our total 2003 consumption.</p>
<p>With the US using 25,26% of the world&#8217;s 79,613,000 barrels of oil a day in 2003, ANWAR represented 1.76% of the entire world oil consumption in 2003.</p>
<p>What is happening today in the oil business is quite clear.  Since 2003 US oil consumption has increased 3.3% (1.1% a year through latest data at end of 2006) while world oil consumption, including the USA increase, has increased 6.4%.  This means that the non US world is increasing their oil consumption at roughly 3 times the rate of the USA and this increase is happening mainly in undeveloped Emerging countries like China, India, Far and Near East countries and Latin America.</p>
<p>No surprise there. Since 2003 to date, world oil supply has just barely kept up with the world oil demand but the rate of increasing demand is much greater than the ability to increase supply for several well know reasons even a lefty could find if they were not so lazy.</p>
<p>First off, there was an excess supply capacity that was not being tapped where oil producers had already built the infrastructure to produce more oil as it was needed by the world.  OPEC routinely limited oil production from their members to make the supply of oil equal to the demand resulting in the highest price the market could bear for their oil production.  ARAB Oil Potentates know the oil pricing and business much better than any lefty it seems &#8211; plus they are probably smarter too <img src='http://online.worldmag.com/wp-includes/images/smilies/icon_smile.gif' alt=':-)' class='wp-smiley' /> </p>
<p>Secondly, since OPEC oil producers have had excess supply capacity, there was no reason for them to invest the billion and billions of dollars in new infrastructure to be able to produce more oil.  </p>
<p>Thirdly, it takes years and years besides the billions of dollars in investment, 5 in the case of ANWAR, to build this infrastructure and since the ageing old infrastructure fields were being depleted, old field production was going down sucking up the old excess capacity at a great rate.  A 5 year lead time for any development of new oil fields makes keeping supply in line with near instantly huge increases in world demand &#8211; difficult if not impossible when lefties will not allow any development of newly found domestic oil reserves.</p>
<p>These OPEC oil potentates have no incentive to produce more oil either.  They have learned that less oil production means huge oil prices for them now and makes their oil reserves last decades longer that can be sold in the future at even higher and higher prices &#8211; prices that you don&#8217;t want to know about but,  $100 a barrel oil today will feel exactly like the $10 a barrel oil we saw 10 yeas ago.  Who would have thought that you could be buying oil from these same Oil Potentates 10 years for now at 10 to 20 times its current price?</p>
<p>Well, today thanks to lefties exclusively, US oil production continues to fall and in 4 short years we are now importing 60% of our oil even though our consumption is only up 3.3%.  They of course will cry like the children they are and claim otherwise by lying like children are want to do when they get caught, but the fact is the insane left has brought to halt, nearly all by themselves, any and all production of substantial US oil reserves in Alaska, the Gulf of Mexico and off the coast of Florida or anywhere else in the USA for that matter.  It is almost like they are working with Arab Oil Potentates to win higher prices for their Arab Oil Potentate buddies, at America&#8217;s expense,  the same way they are working to win the war for their Islamofascist terrorist buddies who cannot win it on the battlefield without the left&#8217;s invaluable help &#8211; just like Vietnam.</p>
<p>But, the left isn&#8217;t just working against America when it comes to oil prices and Islamofascists terrorists they are also single handedly causing huge price increases in all other energy supplies including gasoline, natural gas, electricity.  It is the left, all by themselves, that has stopped the building of all new gasoline refineries, the development of natural gas fields and the building of nuclear power plants for 30 years now &#8211; causing a shortage today that has driven up energy prices, limited their availability and making future energy supply &#8211; this country cannot live without and no alternative can supply &#8211; regardless of their insane alternative claims otherwise.</p>
<p>They are also blocking all the alternative energy wind and solar projects, that have been blocked to date, for environmental reason.  Don&#8217;t try to understand whack jobs if you want to remain sane.  Just remember to ignore what they say since it is probably a lie, but watch closely what they do since they want you as poor, miserable and dead like like &#8230;..eeerrr&#8230;&#8230;Socialists on the Socialism Drug <img src='http://online.worldmag.com/wp-includes/images/smilies/icon_smile.gif' alt=':-)' class='wp-smiley' />
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