[benzoil]

$this->bbcode_second_pass_quote('Eli', 'G')reat all we need to do is a detail seismic exploration of the Coast of the US, drill test wells and then get the best fields into production.


That should add some comfort to the PO collapse in 2015.

[TreeFarmer]

Eli;

Is Bank fo America really close to collapse or is this just a case of the share price going down with all the other banks as part of the herd mentality? I know in the S&L crisis of the 80's that happened and my Dad and I made a killing when one of the local banks' share price returned to normal a year later.

Now, this is NOT to say that a number of banks are not in trouble. I believe that they are.

TF

[Chuckmak]

$this->bbcode_second_pass_quote('Eli', 'S')obering link to banks and their share price, these are all banks close to collapsing.

Banks close to failure

Look at 52 week average, oh my lord.

[benzoil]

$this->bbcode_second_pass_quote('Chuckmak', '')$this->bbcode_second_pass_quote('Eli', 'S')obering link to banks and their share price, these are all banks close to collapsing.

Banks close to failure

Look at 52 week average, oh my lord.

[SoylentGreen]

I just heard this blurb on CNBC...anybody that knows anymore.....

[burtonridr]

$this->bbcode_second_pass_quote('SoylentGreen', 'I') just heard this blurb on CNBC...anybody that knows anymore.....

[Novus]

$this->bbcode_second_pass_quote('Eli', 'S')obering link to banks and their share price, these are all banks close to collapsing.

Banks close to failure

Look at 52 week average, oh my lord.

[dinopello]

$this->bbcode_second_pass_quote('Eli', 'S')obering link to banks and their share price, these are all banks close to collapsing.

Banks close to failure

Look at 52 week average, oh my lord.

[ROCKMAN]

Actually Novus a couple of months ago I saw a report showing prime defaults were increasing faster than subprime. Still relatively low overall. Just a statistical factor given how far and fast subprimes have fallen already. But I haven't seen another story about prime mort failures since. But given that we're just starting to see the affect of $70/bbl oil on the economy there's no telling how prime mort defaults may be running in 12 to 24 months.

[Plantagenet]

$this->bbcode_second_pass_quote('', 'T')he president's direct link between record gas prices and offshore drilling glossed over a key point. Even if Congress agreed, the exploration for oil would take years to produce real results

[Lore]

$this->bbcode_second_pass_quote('Plantagenet', '')$this->bbcode_second_pass_quote('', 'T')he president's direct link between record gas prices and offshore drilling glossed over a key point. Even if Congress agreed, the exploration for oil would take years to produce real results

[eastbay]

$this->bbcode_second_pass_quote('Plantagenet', 'S')ame deal as before. The Congressional ban still holds, and the democratic leaders of Congress refuse to allow drilling in new areas offshore. They think the solution to the US energy problem is to sue OPEC and drain the strategic petroleum reserve.

[Plantagenet]

Speaker of the House Nancy Pelosi (dem-SF) reiterated her opposition to offshore oil drill, and she won't allow any new areas to be opened for oil exploration

Pelosi says NO to opening up new areas of OCS

Pelosi and leader of the Senate Harry Reid (dem-NV) are committed to keeping the ban against opening more of the OCS to oil drilling, and since they and their fellow democrats control both houses of Congress, its a done deal.

No new offshore areas opened to oil drilling means no possibility of significant new sources of domestic oil for the U.S. I guess the democrats are counting on their lawsuit against OPEC to provide the US with some kind of oil supply.

[lawnchair]

Any major oil discoveries, at this late stage in the game, are going to be offshore somewhere. Playing the "pollution card" at home (with a reasonably regulated industry) means our demand will be fulfilled by generally less-regulated, more polluting offshore drilling on someone's beach.

Hegemonic, ain't it. But, who am I kidding. We'll gladly let the cadmium flow in someone else's river to save a buck or two.

[darwinsdog]

Good for Nancy I Harry. I hope they stick to their guns. But then, they also promised to end the Iraq occupation...

[Plantagenet]

$this->bbcode_second_pass_quote('lawnchair', 'o')ur demand will be fulfilled by generally less-regulated, more polluting offshore drilling on someone's beach.

[heroineworshipper]

Once the cannibalism starts, they'll be saying "you know, offshore drilling was a lot easier than this."

[pedalling_faster]

the last few days i've been driving in San Diego & listened to el Rushbo (Rush Limbaugh) and that's one of the biggest thingsss they're going on about. As PMS noted, Rush's enunciiiiation is ssstellar these daysss, he pronounces words completely when he's not mumbling, and pays particular attention to S.

listening Limbaugh and his callers talk about energy policy is like watching a monkey play with a Rubik's cube. i wish i could get paid money to add some factsss to their show.

anyway, i've heard people refer to Iraqi & other oil as "money in the bank". we're going to drill eventually.

since the sometimes Democratic objection to drilling is environmental concerns, and the best way to drill is carefully, i wish someone would point out that is best for the environment is to start now, so the project managers can take their time & do it carefully. rather than wait till we're in dire straits & need it bad. which i guess we are & do, which is why el Rushbo is going on about it.

so i, normally a democratic liberal, actually agree with El Rushbo about something.

plus he was actually condemning windpower because there was a case where an abundance of windpower led to a hydro facility being idled, which hurt some fish. Rush expressed concern about the fish as part of his odd ongoing condemnation of wind power.

I think they're soliciting for freelance renewable energy bashers. if you can deliver some well documented news materials about foibles & glitches with renewable, i think the EIB network (Excellencccce in Broadcasting) might have a job opening for you.