Better Fill up today

[frawin]

Diane, you are right about one thing, the whole thing could blow up at anytime. Venzuela, Iran and others are our enemies and they are entirely capable of another embargo. On the other hand our enemies know what an embargo will do to our economy and that without us as a big market for world oil the price would fall very fast and very low. If our economy goes, so does China, Europe, Japan, India and the rest of the countries that depend on us and others for a market for their goods.

[pam]

This is not a smart alec comment, just somthin I was thinkin about.......depending on what you believe about the beginnings of the world it either took millions or thousands of years to create the oil we've managed to deplete in basically less than ONE hundred years..................does that make ya think or what?

[frawin]

This is not a smart alec comment, just somthin I was thinkin about.......depending on what you believe about the beginnings of the world it either took millions or thousands of years to create the oil we've managed to deplete in basically less than ONE hundred years..................does that make ya think or what?

Pam, definitely a very good point. I think there are a lot of reserves left but we, the world, are depleting them at the rate of 31 billion barrels+ a year. It took millions of years to create the oil in the earth and it will be gone in a total of say 150-200 years or less. Man has definitely abused the earth and it's resources. Maybe the Lord is giving us warning or a chance to redeem ourselves by forcing us to use renewable non petroleum sources of energy. Frankly I think the worst invention/discovery/development was and is Atomic/Nuclear energy development, that scares me more than anything else. It has the possibility or in fact the likelihood of fulfilling the Phrophecies.. My greatest concerns are for my Children and Grandchildren, I lay awake at night and worry about it alot, and I know there is nothing I can do about it.  Your post was a good one and one everyone should consider.

[pam]

We are all still alive so it ain't too late to change the way we do things, it is pretty mindboggling tho. I agree about the atomic, nuclear. That was one little discovery we could have done without....

[pam]

Kind of off to the left but have you ever heard the HOPI prophecy about the gourd of ashes? Some people think it's talkin about nuclear war.

[srkruzich]

I think Nuclear power is the salvation for our energy needs.  Its not the demon folks make it out to be. 
I have lived near nuclear plants and they are some of the safest energy sources around.  No pollution, no problems,
low energy costs, best of all recycleable materials.  You can take the spent rods and put them in another type of reactor
and use them until they need to go to another reactor. 
It is a source that will power our electric grids for at least a thousand years or more.
Then we can take the oil, coal, and natural gas and utilize it more efficiently.  Wind and solar are only good in certain areas. so
they aren't as viable as nuclear.  Hydro is ok but too many problems with leaking pcb's into the water from hydro plants.

[frawin]

Oct-08 Crude came very close to breaking the downside technical barrier of $100.00, it traded as low as $100.10, and settled at $100.87, down $1.71 on the day, Oct-08 Natural Gas settled at $7.248 down $0.145 on the day. Hurricane damage and lost production  could drive both Crude Oil and Natural Gas both higher in the coming days.

[frawin]

I think Nuclear power is the salvation for our energy needs.  Its not the demon folks make it out to be. 
I have lived near nuclear plants and they are some of the safest energy sources around.  No pollution, no problems,
low energy costs, best of all recycleable materials.  You can take the spent rods and put them in another type of reactor
and use them until they need to go to another reactor. 
It is a source that will power our electric grids for at least a thousand years or more.
Then we can take the oil, coal, and natural gas and utilize it more efficiently.  Wind and solar are only good in certain areas. so
they aren't as viable as nuclear.  Hydro is ok but too many problems with leaking pcb's into the water from hydro plants.


Steve, Using Nuclear energy for power sources is not what I was referring to. My concern is the WMDs that are a result of Atomic, Hydrogen and now Nuclear. We are talking about weapons that can destroy the population of entire countries, I think the world would be far better off without any Nuclear capabilities. Such capabilities are quickly falling into the hands of countries with leaders that would have no problem using such weapons even if it destroyed them as well. The Muslim world would not hesitate for one minute to use them on Israel and others that I won't mention now.

[frawin]

This is what we are subject to as long as we have to depend on other countries for 70% of our Crude Oil supply.

Chavez Expels American Envoy, Threatens to Cut U.S. Oil Exports

By Matthew Walter and Jose Orozco

Sept. 12 (Bloomberg) -- Venezuelan President Hugo Chavez yesterday ordered the American ambassador to Caracas to leave and threatened to halt oil exports to the U.S. in a show of solidarity with his Bolivian counterpart Evo Morales.

Chavez recalled his ambassador from Washington and said he won't send another until after the U.S. presidential elections in November. Chavez and Morales, who expelled the top U.S. envoy from his country two days ago, have accused the U.S. of backing opposition movements in their countries.

Chavez, a self-proclaimed socialist who refers to America as an ``empire,'' threatened to halt Venezuelan oil shipments to the U.S. if it attacks his country. Venezuela is the fourth- biggest supplier of foreign crude oil to America.

``The U.S. is behind the plan against Bolivia, behind the terrorism,'' Chavez said at a political rally for his United Socialist Party of Venezuela. ``We're committed to being free. Enough crap from you Yankees.''

In a televised speech, Chavez gave Ambassador Patrick Duddy, who arrived in Caracas a year ago, 72 hours to depart. Noel Clay, a State Department spokesman, said there hasn't been any official communication through diplomatic channels.

Chavez, who has built his political career on thwarting U.S. influence in Venezuela and Latin America, may have expelled the ambassador to rally support among poor voters ahead of state and city elections scheduled for November, said Jose Vicente Carrasquero, a professor of political science at the Universidad Simon Bolivar in Caracas.

`Tendency to Overreact'

``The president has a tendency to overreact,'' Carrasquero said in a telephone interview. ``He's appealing for people's sympathy.''

Morales expelled the U.S. ambassador Sept. 10 after accusing him of supporting regional leaders wanting more autonomy. The U.S. responded yesterday by ordering Bolivia's ambassador to Washington to leave.

Morales's move came during a week of intensifying political disputes between his government and regional leaders opposed to a new constitution and energy taxes. Morales frequently accused U.S. Ambassador Philip Goldberg of conspiring with opposition groups, charges the State Department called ``baseless.''

The expulsion of the two U.S. ambassadors is another example of Chavez's success at building a coalition of socialist-leaning governments in Latin America that are prepared to confront America. The Venezuelan leader has tapped into his country's surging oil revenue to provide billions of dollars of aid and financing to his allies.

``There are a lot of countries in Latin America with social debts that can be taken care of with Chavez's assistance,'' Carrasquero said.

Marxist Guerrillas

Ties between Venezuela and the U.S. have been increasingly strained over the past year as George W. Bush's administration has stepped up charges that Chavez is funding Marxist guerrillas in neighboring Colombia and ignoring the increased flow of illegal drugs across his country's borders.

Chavez has countered that the Bush administration is helping opposition parties in Venezuela try to overthrow him. Yesterday, he ordered an investigation into an alleged military plot to assassinate him, which Foreign Minister Nicolas Maduro said had U.S. support. The minister didn't provide any evidence.

The Venezuelan leader has also pledged support for Russia's recognition of the independence of the Georgian breakaway regions of South Ossetia and Abkhazia. Both the U.S. and Europe have condemned Russia's actions in Georgia.

Two Russian bombers landed in Venezuela this week and plan to carry out training exercises over neutral waters.

`Revolutionary Movements'

Hundreds of Chavez backers gathered outside the Miraflores presidential palace last night to show their support, according to images broadcast by state television.

``The U.S. is trying to stop revolutionary movements in Latin America,'' Chavez said. ``This is a dignified people. Damn Yankees, go to hell 100 times.''

Chavez has been named directly in a U.S. criminal trial taking place in Miami this week. Prosecutors have provided evidence that the president directed the head of Venezuela's intelligence agency to manage a scandal caused by the seizure of $800,000 in cash at an Argentine airport.

Prosecutors allege that the money came from the Venezuelan government and was intended to finance the election campaign last year of Argentine President Cristina Fernandez de Kirchner. Both Chavez and Fernandez have denied the allegations.

Venezuela and the U.S. are unlikely to sever ties permanently, said Carrasquero.

``Trade between the two countries is gigantic,'' he said. ``Venezuela wouldn't have anywhere to put all the oil it sells the U.S. so quickly.''

To contact the reporters on this story: Jose Orozco in Caracas at jorozco8@bloomberg.net; Matthew Walter in Caracas at mwalter4@bloomberg.net.

Last Updated: September 12, 2008 00:43 EDT

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[frawin]

Crude is trading higher due to the Hurricane moving into the Gulf which has shutin a lot of production and refineries. Gotta run to the airport and pick up my daughter-in-law- and grandkids they are flying in from Houston this A.M. to be with us until the weather improves in Houston.