I still nawt gawt dis hole "Daylite Sabings Tiem" fing down...stooped hoomens! Why you take a hour off wun end ob da day and steck et on da udder????
the ballad of joe hill
15 hours ago
Oil prices leaped above $135 in overnight trading on Thursday, a new record that underscored the growing pressures that runaway energy prices are placing on some of the biggest names in global industry.The IEA has usually used the reports of the individual nations of OPEC and other oil producers to estimate world oil supplies.
By midday Thursday, oil had fallen back and was trading at $131.95, down $1.22 from Wednesday’s close. But in a week that has seen the oil price rise by $4, the economic consequences of high fuel costs continued to mount.
[...]Thursday’s gains came after a series of unsettling reports that suggested world oil supplies may not be able to keep up with future demand, a situation that could potentially lead to even higher prices.
On Wednesday, weaker-than-expected weekly inventory data in the United States stoked fresh worries over oil supplies in the world’s biggest economy ahead of the busy summer driving season, sending oil prices up $4.19 a barrel on the day.
Some investors reacted to a report on Thursday in The Wall Street Journal that the International Energy Agency, an Paris-based policy advisory group for industrialized countries, was concerned about a reduction in the long-term world supply of crude oil.
[In 2005, the IEA] said that if investments didn’t keep pace with the growth in consumption, the world might face a shortfall of as much as 15 million barrels a day by 2030. Instead of growing to reach 116 million barrels a day, global supplies would struggle to increase to 100 million barrels a day by then, up from today’s average of 86 million barrels day.
Last fall, after the International Energy Agency released a forecast showing global oil demand rising more than a third by 2030, to 116 million barrels a day, several oil-company executives voiced doubts that production could ever keep pace. Speaking to an industry conference in London, Christophe de Margerie, head of the French oil giant Total, flatly declared that the "optimistic case" for maximum daily output was 100 million barrels—meaning global demand could outstrip supply before 2020. And in January, Royal Dutch Shell's CEO, Jeroen van der Veer, estimated that "after 2015 supplies of easy-to-access oil and gas will no longer keep up with demand."That is, within the next ten years, we will literally and effectively be running out of oil.
BOSTON, Massachusetts (CNN) -- U.S. Sen. Edward M. Kennedy, who was diagnosed with a malignant brain tumor, was released from the hospital Wednesday morning, earlier than expected.Ironically, he's probably done more for the poor and disenfranchised in this country than any other Kennedy, certainly more in his forty year Senate career than he would have had he won an election for President.
When doctors at Massachusetts General Hospital announced Tuesday that the 76-year-old Democrat was suffering from a brain tumor, the news was met with expressions of sadness and support from his Senate colleagues.
Kennedy's physicians said they would consult with him to determine the best course of treatment.
Kennedy is one of only six senators in U.S. history to serve more than 40 years. He is an iconic liberal champion of social issues such as health care, family leave and the minimum wage.
CHICAGO — Senator John McCain put Senator Barack Obama on the foreign policy defensive once again Monday, criticizing him here in his hometown for saying Iran did not pose the serious threat to the United States that the Soviet Union once did.It is true that Obama compared the Soviet threat to the Iranian threat and found it woefully small, and he is correct about that: Iran does not have the ability to wipe America off the face of the world, where as the Soviet Union did. Point to Obama.
Mr. Obama’s willingness to engage with adversaries like Iran was a source of disagreement between himself and his Democratic opponent, Senator Hillary Rodham Clinton, early in the presidential primary campaign. Now it is quickly emerging as a central issue in his likely general election showdown with Mr. McCain
The attack by Mr. McCain was prompted by comments Mr. Obama made on Sunday in Pendleton, Ore., where he urged engagement of the nation’s foes and said that “strong countries and strong presidents talk to their adversaries.”And Obama went onto say how Kennedy and Reagan both spoke to the Soviet Union despite the adversarial relationship.
“That’s what Reagan did with Gorbachev,” he said, adding: “I mean, think about it. Iran, Cuba, Venezuela — these countries are tiny compared to the Soviet Union. They don’t pose a serious threat to us the way the Soviet Union posed a threat to us. And yet we were willing to talk to the Soviet Union at the time when they were saying, ‘We’re going to wipe you off the planet.’ ”
SHARM EL SHEIKH, Egypt — After a showy celebration of America’s close ties with Israel, President Bush was expected to present Arab leaders with a lengthy to-do list on Sunday, telling them that if Middle East peace is to become a reality, they must expand their economies, offer equal opportunity to women and embrace democracy.Now, granted, neither Barack Obama nor Hillary Clinton is in any danger of being thrown in the hoosegow...altho the Rezko trial ain't over yet...but to say others must embrace democracy as we erode it away is a little like starting a land war in South Asia: idiotic.
Mr. Bush’s three-day stay in Jerusalem last week has drawn criticism from Arab leaders, including the foreign minister of Saudi Arabia, who say he has been insensitive to the plight of Palestinians. He came to this Red Sea resort city to try to soften that impression and reassure regional leaders he is committed to their cause.
But in prepared remarks released ahead of a Sunday afternoon appearance at the World Economic Forum on the Middle East, a gathering of world leaders, diplomats and business executives, Mr. Bush seemed to chide as much as reassure.
“Too often in the Middle East, politics has consisted of one leader in power and the opposition in jail,” Mr. Bush said in the address, adding, “The time has come for nations across the Middle East to abandon these practices, and treat their people with the dignity and respect they deserve.”