Hiding Bear Posted October 12, 2004 Report Share Posted October 12, 2004 Welcome to B4 the Bell! In addition to rogue traders affecting the markets, we now have rogue waves: Some Gulf Oil Outages May Last Until Next Year DOW JONES NEWSWIRES NEW YORK -- Damage to pipelines is keeping a substantial amount of oil and natural-gas production offline in the Gulf of Mexico, and much of it may not return until next year, the U.S. Department of Interior's Minerals Management Service said. While nearly a third of the oil production still shut down may be back online by the end of October, the rest could take six months to bring back, the MMS said. The production is otherwise ready to be restored, the agency said. As of Friday, about 28% of crude oil and about 14% of natural gas from the Gulf remained down. Chris Oynes, regional director for the MMS, said preliminary data from the government's National Oceanic and Atmospheric Administration show that central Gulf of Mexico was hit by mammoth waves -- including perhaps the tallest ever recorded in the Gulf -- that exceeded the design requirements of the area's infrastructure. "There were some extremely large waves," he said. "There is some evidence that there was one rogue wave, the largest ever seen in the Gulf of Mexico, some 90 feet high." http://online.wsj.com/article/0,,SB1097537...e_whats_news_us Are Americans blaming the administration for the rising cost of energy? To some extent, the answer is yes. In June, 24 percent of respondents to a Los Angeles Times nationwide poll said that the Bush administration was largely responsible for the rise in gasoline prices, about the same as the 25 percent who blamed oil-producing nations in the Middle East. In August, 42 percent of respondents to a Fox News national poll said that Mr. Kerry would be better at dealing with gas prices than would Mr. Bush, who was favored by 31 percent on that question. "Gas prices are just an indication of how awful this administration is doing," said Trien Pham, a Vietnamese-American engineer in Royersford, Pa., who voted for Mr. Bush in 2000. "We've gone into Iraq for oil and nothing else. Now we have to pay more for it - the gas prices plus the overhead to support the troops in Iraq.'' http://www.nytimes.com/2004/10/12/business...html?oref=login Good trading! Link to comment Share on other sites More sharing options...
DrStool Posted October 12, 2004 Report Share Posted October 12, 2004 NEW! Stool Samples - Picks and Pans. Join Stanley, K Wave, Metamucil, Depends and your fellow stoolies. Add your Stool picks and pans. Link to comment Share on other sites More sharing options...
Guest Posted October 12, 2004 Report Share Posted October 12, 2004 Obviously the companies with the Gulf Oil platforms have know exactly what was going on out on their oil platforms within days of this hurricane (if not in real time through monitoring devices/cameras). Isn't it interesting that it has taken this long for this story to come out in the media? No control of the media, eh? A world record wave in the Gulf of Mexico is a Weather Story, and because of its impact on oil and the global economy, we are not entitled to hear of it. How long ago did Barton Biggs learn of it? How long has El Paso Energy known of it? How many traders profitted from it? How long have the talking heads on CNBS known about it...yet said nothing on camera? Welcome to the Soviet Union Link to comment Share on other sites More sharing options...
DrStool Posted October 12, 2004 Report Share Posted October 12, 2004 Plunger- The other day you said that those who control the media control the government. You said to go all the way to the top. Who is it that you think controls the media? What factual evidence can you provide in support of your contention? I do not think the stories of a rogue wave in the Gulf of Mexico support the idea of a media conspiracy, but again, if there is a conspiracy at the "very top", I'm not sure who is at the very top. Is it some secret society? Is it the Bush administration? Hillary's vast right wing conspiracy? Who is it? And how do they execute this conspiracy? Link to comment Share on other sites More sharing options...
DrStool Posted October 12, 2004 Report Share Posted October 12, 2004 Pipeline Damage Story from the N.O. Times Picayune Link to comment Share on other sites More sharing options...
DrStool Posted October 12, 2004 Report Share Posted October 12, 2004 I also want to point out again that the only stories catalogued by Google using the words "anarchists Republican Convention" appeared only yesterday, as inside page editorial and opinion pieces, from exactly opposing points of view from NY's major daily newspapers. It is no surprise that the editorial supporting the NYPD was in Rupert Murdoch's NY Post. The piece against was in Newsday. Everyone knows the Murdoch is a Conservative stooge (or kingpin depending on your point of view), and no one reading the NY Post reads the editorial pages anyway. They look at the headlines and pictures on the front page, and read the sports. But the fact that the articles took opposing points of view supports the contention that there is still diversity of opinion, and refutes the idea of a monolithic conspiracy. Link to comment Share on other sites More sharing options...
Ned38 Posted October 12, 2004 Report Share Posted October 12, 2004 Doc regardless of the great Googles inability to find anarchist stories, you can take my word as a New Yorker that the word was sprinkled around for a few days Link to comment Share on other sites More sharing options...
The End Posted October 12, 2004 Report Share Posted October 12, 2004 Any close of the hour below 1115 and I will sell my net long position. Good trading today stoolies. Link to comment Share on other sites More sharing options...
machinehead Posted October 12, 2004 Report Share Posted October 12, 2004 Doc regardless of the great Googles inability to find anarchist stories, you can take my word as a New Yorker that the word was sprinkled around for a few days During the two weeks before the Republican convention in New York, I posted several references to media stories predicting "anarchist violence," similar to that which disrupted the WTO meeting in Seattle. The "anarchist violence" theme proved to have no factual foundation, but got repeated over and over. The New York Times and Washington Post both formally apologized to their readers (more than a year late) for misleading them with unfounded stories, from uncorroborated sources, about Iraqi WMDs. Those apologies are matters of public record. Perhaps Plunger and I adopt the same skepticism toward the 'news' media as toward the 'financial' media -- it's all bullshit, until proven otherwise. Whether it's centrally coordinated or (more probably) like a school of fish following each other's signals doesn't particularly concern me. It's what they say, not who they are, that is the problem. Link to comment Share on other sites More sharing options...
Ned38 Posted October 12, 2004 Report Share Posted October 12, 2004 Here Doc: Anarchists target Republican convention Tuesday, August 31 NEW YORK, Aug 31, 2004 (United Press International via COMTEX) -- New York City police braced Tuesday for anarchist threats to disrupt the Republican convention by targeting delegates' hotels and shuttle buses. Monday, the first day of the three-day event, saw some 30,000 officers fanned out from around Madison Square Garden, where 2,508 delegates heard speeches by three women who lost loved ones in the terror attacks of Sept. 11, 2001, Arizona Sen. John McCain and former New York Mayor Rudy Giuliani. President Bush's name and that of Vice President Dick Cheney were formally put to the floor for nomination. Small protests focusing on poverty and other side issues took place Monday near the convention, but there were no major incidents of violence or arrests. Tuesday, the convention will emphasize "People of Compassion" and feature speakers such as first lady Laura Bush, California Gov. Arnold Schwarzenegger and Sen. Elizabeth Dole. Copyright 2004 by United Press International. Link to comment Share on other sites More sharing options...
machinehead Posted October 12, 2004 Report Share Posted October 12, 2004 Crude Earl fifty-fo dollah ... "Can ya hear me now, Wall Street?" Oil Shock III is a festering sore, whether they 'get it' or not. Link to comment Share on other sites More sharing options...
DrStool Posted October 12, 2004 Report Share Posted October 12, 2004 Ned- In what context? Did it strike you as a monolithic media conspiracy? How do you account for the complaints about NYPD behavior from Newsday. What about other NY media outlets? What was their point of view. What did the NY Times say. I can assume I know where the Daily News came down. I believe there is plenty of diversity of opinion in the NY media, and that there isn't some master conspiracy to impose group think. Yes there are interest groups. Yes they tend to act and think in certain ways, and they have power, but a "vast right wing conspiracy? Puhleeze. I am not impressed with the arguments that a single monolithic conspiracy controls the media and the government. For example, look at the firestorm of controversy erupting over Sinclair deciding to broadcast an uninterrupted anti Kerry polemic the week before the election on their sixty some TV stations. (Largest owner of TV outlets in US.) This shows clearly that there is still a good deal of competitive thought out there. Link to comment Share on other sites More sharing options...
DrStool Posted October 12, 2004 Report Share Posted October 12, 2004 Ned- UPI is owned by Sun Mung Moon. Is he at the top of the conspiracy that controls the media? Maybe that's who Plunger meant. Link to comment Share on other sites More sharing options...
depends Posted October 12, 2004 Report Share Posted October 12, 2004 Anarchists revealed a short video wait for the third guy to talk http://www.villagevoice.com/video/vvideo.p...p=rnc4-08-28-04 scary bunch! Link to comment Share on other sites More sharing options...
Ned38 Posted October 12, 2004 Report Share Posted October 12, 2004 Doc---I don't wanna food fight. I am just proving the fact that the word was in used in the media. If ya wanna argue conspiracy theories and all that stuff I am not yer guy Link to comment Share on other sites More sharing options...
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