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B4 The Bell Moonday August 30


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U.S. backs plan to develop Alaskan oil fields

Monday August 30, 9:10 pm ET

 

ANCHORAGE, Alaska, Aug 30 (Reuters) - Federal officials on Monday gave tentative approval to a plan by ConocoPhillips (NYSE:COP - News) and partner Anadarko Petroleum Corp (NYSE:APC - News) to develop five satellite oil pools around the oil-rich Alpine field on Alaska's North Slope.

 

The U.S. Bureau of Land Management issued a final environmental impact statement recommending that the companies be allowed to go forward with developing the satellites, located in the northeastern corner of the National Petroleum Reserve-Alaska and in the Colville River delta along the reserve's edge.

 

The satellite fields will provide 330 million barrels of oil, according to the BLM, and continue the oil industry's westward progression on the North Slope.

 

Environmentalists have criticized the Alpine satellite plan as a rollback of environmental protections promised during the Clinton administration.

 

If the fields are approved and developed, they would provide the first commercial oil production ever in the Indiana-sized petroleum reserve. The large land mass was set aside in 1923 for its energy potential but, until recently it has been ignored in favor of the region to the east, around the giant Prudhoe Bay field.

 

http://biz.yahoo.com/rc/040830/energy_alpine_1.html

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B4- You don't mean John (I will never lie to you) McCain, do you? Ha Ha. Politics is such an ugly business. Spot the anomaly. Why on earth would McCain be saying or doing anything nice for Bush after what his people did to him? I used to admire the guy, but now all I see in my mind's eye is a man who sucks up big time.

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Plunger- You have nailed it-after watching mcCain grovel and repudiate everything he disagreed with Shrub about it is obvious he has sold out to become the next Defense man after they fire old Rummy! A few pieces of Silver Huh! ;)

Except for Ron Paul, none of them have any honor.

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Kennedy skipper loses job in wake of collision with Iraqi boat

By JACK DORSEY, The Virginian-Pilot

? August 27, 2004 | Last updated 9:56 PM Aug. 27

 

The captain of the carrier John F. Kennedy is to be relieved of his command today following an investigation into the ship?s collision with a small Iraqi boat in the Persian Gulf.

 

Capt. Stephen G. Squires, skipper of the Mayport, Fla.-based carrier for just five months, was ordered relieved by Vice Adm. David C. Nichols Jr., commander of U.S. Forces Central Command and the U.S. 5th Fleet.

 

http://home.hamptonroads.com/stories/story...4847&ran=142901

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Apologies if this has been posted before - if it has it bears repeating. Fed101 plus a very nice recap of the whey things were with the Volker Fed. Basically Landis is saying the Fed got a pass in the 80's. Won't be so lucky this time. :ph34r:

 

Fiat's Reprieve: Saving the System, 1979-1987

 

--

 

With respect to the form the denouement will take, much has been written within the gold community on the subject of whether we face hyperinflation or deflationary depression as the prelude to monetary collapse. Both sides of the debate appear to accept the premise that whatever may transpire will bear a linear relationship to what now exists. The disagreement centers on the direction the line will go. But today's markets are fully linked by derivatives and technology, and they are patrolled by wolf packs of large, leveraged speculators not noted for their patient outlook. So it seems likely that the terminal monetary crisis will unfold on virtually an instantaneous and discontinuous basis, once the fog of statistical deceit and false market cues begins to lift and a clear trend either way becomes evident. We are not likely to enjoy the luxury of observing either a deflation or an inflation unfold in the fullness of time, but rather, just as Mises foretold, a final and total catastrophe of our fiat monetary system. All we can hope is that once the curtain falls on the current system, the wisdom in the gold bugs' submissions to the Gold Commission will finally find a receptive audience.
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my expectation was that oil would come down to back-test $40 from above. Happening more quickly than I thought. The test will be to see how it behaves at what should be monumental support at $40.

The jury is still out on whether or not we made a short term bottom in Crude yesterday given the bullish candle but at any rate whether we go to 37 or the 40 level you got to be a buyer on this break.

post-20-1093945648_thumb.png

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Silver being slammed into the close Off 2% from the highs

They make no effort to hide their criminal behavior.

Seeing these bozos suffer in poverty for a lifetime, wouldnt be good enough. There will be class action lawsuits down the road. That is a given.

Watch the silver bears crap their drawers on the first close over 6.90. Their day is coming. :o :o :D

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