Wednesday, July 9, 2008

A little known fact(updated)

I bet you didn't see this in the main stream media:

July 6, 2008
AM (ET)"It's a little known fact that, after invading Iraq in 2003,
the U.S. found massive (550 metric tons) amounts of uranium
yellowcake, the stuff that can be refined into nuclear weapons or
nuclear fuel, at a facility in Tuwaitha outside of Baghdad. The last
major remnant of Saddam Hussein's nuclear program - a huge stockpile
of concentrated natural uranium - reached a Canadian port Saturday to
complete a secret U.S. operation that included a two-week airlift from
Baghdad and a ship voyage crossing two oceans.

500 tons of yellowcake, once refined, could make 142 nuclear weapons.
The military also discovered "four devices for controlled radiation
exposure . . . that could potentially be used in a weapon."

Read more here:
Israeli warplanes bombed a reactor project at the site in 1981. Later, U.N. inspectors documented and safeguarded the yellowcake, which had been stored in aging drums and containers since before the 1991 Gulf War. There was no evidence of any yellowcake dating from after 1991, the official said.

But tell me what war has not had it's mistakes?
Every war has it's mistakes.

But a good leader will change as
conditions/outcomes changes.
Bush gets all blame and no credit.

Or this:

The percentage of voters who give Congress good or excellent ratings
has fallen to single digits for the first time in Rasmussen Reports
tracking history. This month, just 9% say Congress is doing a good or
excellent job.
Most voters (52%) say Congress is doing a poor job,
which ties the record high in that dubious category.

How about this: Leaders from the world's developed nations and rising economic powers have agreed on a "shared vision" on climate change at the G8 summit in Japan.

Bush refused to commit the U.S. to specific emissions reduction targets until big polluters including China and India also signed on.
Initially, Bush had opposed the 50% reduction target; this year he signed on.

And rising economic powers India and China balked at signing onto the 50% reduction target.
India and China have reportedly dismissed a target to halve emissions by 2050.

Just a reminder:
U.S. carbon emissions grew by only 6.6% between 1997 and 2004, compared with 18% for the world and 21% for the nations that signed the Kyoto Protocol on greenhouse gasses. (Think Europe.)

But you saw this:

Wall Street finished sharply higher Tuesday as oil prices dropped for
the second straight day.

The Dow Jones industrials gained more than 150 points, and all the
major indexes were up more than 1 percent.

Crude prices tumbled $5.33 to settle at $136.04 a barrel on the New
York Mercantile Exchange, bringing oil's two-day drop to more than

But did you notice that when oil goes down the stock market goes up. Inversely, when oil goes up the market goes down.

Remember that your investments and 401k and pensions are in the stock
market. Your retirement is in the stock market.

Does this tell you something? What would happen if oil went down even
further? Lets say to $80 a barrel.

That may happen if the US drills for more oil, in the US.

So why don't we drill for more oil? George W Bush and most
Republicans want to. But most Democrats don't.

Democrats say energy companies are producing oil and gas from only about a quarter of the 91.5 million acres currently leased from the government.

Do the Democrats think that every acre produces oil? That is not so.
That's like saying that in the California gold rush every acre had gold.
Just foolish thinking.

So, tell me who you want for president.

But only a cynic would suggest a liberal media bias.

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Jeffrey Stingerstein said...

"But did you notice that when oil goes down the stock market goes up. Inversely, when oil goes up the market goes down."

Bloomberg actually changes its story as the day went on. Early in the day the market was down and their article said it was due to the drop in oil price. Then when the market went, they said it was due to the drop in oil price. I had the article on my browser and when I hit refresh it literally changed. It was down the memory hole. I don't think the economic experts know anything at all. They are just like weathermen and we both know you don't need one of those to know which way the wind blows.

Kliph said...

Yes, there are other factors in the market
that can over ride oil.
But oil is the main thing now. If oil were to go up or down a substantial amount that would effect the market more than any other commodity.
The only thing that would effect the market more is the economy or profit/loss of major companies.