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[iski]

shows you what I know, I thought Mandarin was a fruit

You mean it's not a duck?

[miker]

Well if it looks like a duck......but one does look entirely cooked, the way prefer them, crispy...

[iski]

Well if it looks like a duck......but one does look entirely cooked, the way prefer them, crispy...

[Hugh Janis]

That's fup duck!  (say it quietly to yourself a couple times)

[Hoist!]

The Donald said it best. It's all a shell game. Ya bail out this mess and oil goes up. Ya don't, it'll go down. This nation's biggest expense is oil. It's the do all to everything we do financially. Them pr!cks at OPEC control our economy because of it. We free up credit by the bailout, we'll pay for it with higher oil prices. Even our food cost is exorbitant now because of energy. This whole thing is just a big scam and there's no recovering until we become energy independent with nuclear! JMO!

Hoist!

[iski]

That's fup duck!  (say it quietly to yourself a couple times)

 

[Sean M Cary]

You mean it's not a duck?

Ahhh....  Wood duck.  They make great feathers for fly tying...have a skinned one at home!

[iski]

http://www.cnn.com/2008/POLITICS/09/29/miron.bailout/index.html?iref=mpstoryview

Smart blather from Harvard econo-guy.  He says let 'em go bankrupt.

At the end he says "This means, in particular, getting rid of Fannie Mae and Freddie Mac, along with policies like the Community Reinvestment Act that pressure banks into subprime lending."

Getting rid of the Community Reinvestment Act, and the social engineering politician morons who wrote and continued to support that act, would be a good start.  When you read about that act & what it caused, no wonder the loan industry tanked.  Damn commies.

[miker]

Aha! Someone had thier donuts for breakfast today!  Smart boyo you are...That document is puke inducing...

[iski]

It's all a scam.  Congress wants to take my tax money and waste it on stuff not even as good as donuts.

Wait a minute, I already knew that before the great bailout frenzination.........

[comfortablynumb]

The Donald said it best. It's all a shell game. Ya bail out this mess and oil goes up. Ya don't, it'll go down. This nation's biggest expense is oil. It's the do all to everything we do financially. Them pr!cks at OPEC control our economy because of it. We free up credit by the bailout, we'll pay for it with higher oil prices. Even our food cost is exorbitant now because of energy. This whole thing is just a big scam and there's no recovering until we become energy independent with nuclear! JMO!

Hoist!

I worked at an oil refinery here in the northeast 22 years ago. At that time,during my orientation, the Human resource suit told us that the U.S. EXPORTS 42% of all the oil (crude and refined) that is pumped out of American soil. We could have used it then, we can certainly use it now. the problem has always been that our leaders use it as political leverage. We sell them our oil to keep them from getting it elsewhere,ie. Russia(or any of the anistans), China, or the Middle East. Our threat to shut off our flow to Japan was one of the problems leading up to the War. We all know how that worked out. according to National geographic, right now the U.S. is the leader in consumption and therefore the biggest purchaser of foreign oil. They predict that within 10 years,China will far surpass us. Now if we carry this out, with a finite amount of crude available, the highest bidder gets the product. I'm guessing that since the two economies (ours and Chinas)are headed in opposite directions, in 10 years we could be remembering the "good old days" as when we paid $4.00/gal for our fuel. Coincidentally, Nat Geo says that any new drilling now won't show a payoff for 10 years. Coincidence or propaganda?

[DCFIREMANN]

I worked at an oil refinery here in the northeast 22 years ago. At that time,during my orientation, the Human resource suit told us that the U.S. EXPORTS 42% of all the oil (crude and refined) that is pumped out of American soil. We could have used it then, we can certainly use it now. the problem has always been that our leaders use it as political leverage. We sell them our oil to keep them from getting it elsewhere,ie. Russia(or any of the anistans), China, or the Middle East. Our threat to shut off our flow to Japan was one of the problems leading up to the War. We all know how that worked out. according to National geographic, right now the U.S. is the leader in consumption and therefore the biggest purchaser of foreign oil. They predict that within 10 years,China will far surpass us. Now if we carry this out, with a finite amount of crude available, the highest bidder gets the product. I'm guessing that since the two economies (ours and Chinas)are headed in opposite directions, in 10 years we could be remembering the "good old days" as when we paid $4.00/gal for our fuel. Coincidentally, Nat Geo says that any new drilling now won't show a payoff for 10 years. Coincidence or propaganda?

I don't see how they think it would take 10 years. I am calling BS on that one. Maybe 2 to 3 years if things were started now. How long does it take to build an offf shore rig?

Be Safe

THE DAWG

[miker]

Payoff as in return on equity amy reach 10 years, not to production....Spuddin an average well nowadays, I'd take a wag, at anywheres 10-100 mill based on depth. 

At nominal production rate, declining market condition the return on equity could run that high..prolly not but could.

Chevron's Deep Water gulf find(found last year) will cost a cool billion to spud, 10 years to reach fruition and with no guarantees.

I get a little crampy when I hear whining over "big oil" profits.
Profit margin is defining factor in business ..Oil, 6-8 points..Insurance 20-30, Investment banking was the same....tell me who makes more.. all this ranting is just me, I am out of coffee..

I love fossil fuel! 

[Hugh Janis]

I can't believe the bail out fund was a top seed

[9 1/2 Beers]

buffet to buy ge perferred, 3 billion investment