Once upon a time , perhaps since earliest recorded history, man has always the dream to fly. Man has invented interesting inventions and nowadays is possible see some giants of the air crossing the sky. But man is always looking for another ways to fly and this video show that. Check out the video !!! So beautiful !! so cool !!
30/12/2008
Pure adrenaline
Once upon a time , perhaps since earliest recorded history, man has always the dream to fly. Man has invented interesting inventions and nowadays is possible see some giants of the air crossing the sky. But man is always looking for another ways to fly and this video show that. Check out the video !!! So beautiful !! so cool !!
GAZA STRIP !!!
17/12/2008
FINAL COUNTDOWN FOR OPEC !!!
The group using SPECULATION as a weapon will trim production by 2 million barrels a day at the beginning of next year, Saudi Arabian Oil Minister Ali al-Naimi said today. Russia and Azerbaijan said they may join OPEC to reduce supply as recession cuts global energy consumption next year. Commodities also gained as the dollar fell to a 13-year low against the yen.
It certainly will not help, the crude price, OPEC are setting up the risk of over-tightening and quite a significant decline in crude demand in the second half of next year.
Crude oil for January delivery climbed as much as $1.90, to $45.50 a barrel on the New York Mercantile Exchange, the first increase in four days. The contract traded at $45.17 at 10:56 a.m. London time. Prices have tumbled 70 percent from a record $147.27 on July 11 as the global economy crisis tips oil consuming countries into recession. Global demand will fall for the first time since 1983 next year, the International Energy Agency said.
The Organization of Petroleum Exporting Countries’ rate of compliance with a previous output cut is more than 85 percent, al-Naimi told reporters today in Oran, Algeria, before a ministerial meeting that will decide production quotas.
Russia, the largest non-OPEC producer cut oil production 350,000 barrels a day in November and may trim output further in collaboration with OPEC. Deputy Prime Minister Igor Sechin said at the meeting. Azerbaijan is willing to contribute a supply cut of as much as 300,000 barrels a day, Azeri Energy Minister Natig Aliyev said in Oran. So both these nations will no doubt contribute to a recession in their economies as crude demand will slump further.
OPEC has chossen to place itself in a high risk situation, a attempt to aggressively boost prices, by pursuing a larger-than-expected cut, will backfire by turning sentiment even more pessimistic on the economy.
U.S. and Europe crude-oil and fuel supplies have climbed as the recession crimps demand. Brent crude oil for February settlement rose as much as $2.25, to $48.90 a barrel on London’s ICE Futures Europe exchange, and traded at $48.46 a barrel at 10:57 a.m. local time. The January contract expired yesterday, after declining 4 cents to $44.56 a barrel.
11/12/2008
Oil Rises on Potential OPEC Cut

OPEC, which pumps 40 percent of the world’s oil, may reduce its output limit by as much as 2.5 million barrels a day to reverse recent declines. Traders who held short positions, or bets prices would fall, are purchasing futures after oil dropped more than 20 percent in the past two weeks.
OPEC should make a “substantial” output cut when it meets on Dec. 17 in Algeria, top oil official, said on Dec. 8. OPEC agreed on Oct. 24 to cut daily output by 1.5 million barrels. OPEC will work it back up to $100, It will all be determined by the global economy. If you get a recovery in the global economy, you will get it back up.U.S.
President-elect Barack Obama proposed on Dec. 7 an economic stimulus plan based on infrastructure development to help lift the country out of its worst recession since World War II.
Global demand fell every year from 1980 to 1983, according to the department, the last time there was a yearly consumption drop. Oil usage will decline an additional 450,000 barrels a day next year to 85.3 million barrels a day, the department said.
2009 Forecasts
The International Energy Agency and OPEC have lowered demand forecasts in the past month because of the economic contraction.
The IEA reduced its 2009 estimate by 670,000 barrels a day, or 0.8 percent, to 86.5 million barrels a day in a Nov. 13 report. The Organization of Petroleum Exporting Countries cut its forecast for next year by 530,000 barrels a day, or 0.6 percent, to 86.68 million barrels a day, in its monthly oil market report on Nov. 17.
Traders are betting that oil for January delivery may fall below $42 a barrel, according to data on put options contract volume from the New York Mercantile Exchange. Crude may decline to $25 a barrel next year as demand drops on the economic contraction, and speculation by OPEC members…
09/12/2008
The Snowball Game
Anyway, I discover this Snowballs to Christmas - The Game as I was surfing the net and got hooked on it! It was fun! Showed my brother the game and he has been on it for a couple of hours now.
So, go on and give it a try if you are free, should keep you busy for a while!
Remove Windows Messenger from your PC

This tool requires the NET Framework 2.0 installed in your machine.
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Thanks VIC.
02/12/2008
THE END OF OPEC !!!


Professional Crude Trader "WordlWatch"
SOUTH AFRICA SPRINGBOKS
South Africa laid the groundwork with traditional Springbok rugby and finished an out-gunned England side off with two late tries to win ...

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The reason for the drop in crude prices and the offering of discounts by some OPEC members is a consequence of years of inflated price fix...
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My wife and i never leave home without our credit cards, we prefer this type of payment instead of money. They are very much handy, comforta...
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As mentioned before several times the crude producers namelly OPEC members are now using SPECULATION as a weapon, yes as a weapon...crude oi...