"tremendous speculation"

Saudi Arabia's Oil Minister Ali al-Naimi, OPEC's most influential voice, said in remarks published he saw no need to change production because oil market fundamentals were steady and "healthy". He blamed record high prices on "tremendous speculation", however the OPEC group also practice the art of "tremendous speculation".....
OPEC's President Chakib Khelil of Algeria also told Reuters on Wednesday d output policy will stay unchanged.

The art of "tremendous speculation" is also used by governments and petrol companies like Galp,BP.REPSOL,SHELL and others to keep final consumer prices as high as possible...
The example of this "tremendous speculation" happens almost in a weekly manner in Portugal (Europe)...

Here we have four major players, Galp,BP.REPSOL .. and the .government!!!

These players manipulate the consumer as they want...the .government has over 65% tax on every litre consumed the rest the petrol companies keep...in this way we have one of the most expensive consumer final prices in the world... 95 Oct.1.419€ per litre !!!
Twice a year this government increases the Tax applied to energy , the petrol companies persist in weekly increases also, two or three cents per litre....normally Galp is the first to apply the new prices followed by the others with the same prices, their monopoly is to keep prices as high as possible, however this is forbiden by the ECC.

No wonder this country has a inflation one of the highest in Europe, unemployment around 7%, wages one of the lowest in Europe..so there is nothing in favour of the public in general all that can be expected are higher and higherpetrol prices that in turn will send the economy skyhigh !!

SO.. TO THE MAJOR PLAYERS INVOLVED IN THE "tremendous speculation" WE SAY ..GREAT WORK...!!! REALLY !!! GREAT WORK....

Garden buildings

My wife me and son have been planning for some time what garden buildings we would like to have when we retire. I know its a long way yet and many things would possible happen before we reach that age, however we like to plan our future and talk about.This gives us the idea of our future life together.
Our dream, wish and all those simple things we want when old age comes our way. We would build a home garden where we can live in it or perhaps stay in for a weekend or so. There are loads of styles we definitely like to have as our garden building but there might be a slight changes in the future as we get older we tend to change our likes as well.
But for now we kinda like the one with a terrace like. We would surely pick our own style and perhaps design our own garden building as well. It would be more fun to do that way.As of now we are saving and saving a lot so when we retire we will have enough cash to keep us going till our last breath, hehehe. But to those who are planning to have their own garden building now then I suggest you should visit the garden escape.
They actually offers a lot of style or you can make your own desing and even aadd bathroom to your own garden building if you like. If you are planing to have a great garden escape and plan to wowed your future visitors and friends then you can do it your own design and ask for a little help by experts from the garden escape dot co dot uk. Just order the product from the garden escape and their workers will help you with the rest.
Quality is the one thing you look for to make your garden building the best in the area. Take a peek at www.thegardenescape.co.uk now and get some more information.

Beijing Opens Airport

Beijing Capital International Airport Co.'s third terminal, bigger than all five terminals at London's Heathrow, opens today, helping the city expand its air-passenger capacity as it prepares for the summer Olympics.
The terminal, designed to evoke Chinese icons such as the flying dragon and the imperial capital's Forbidden City, is the world's biggest building, housing 1.3 million square meters (14 million square feet) of floor space, according to a release from the designer, London-based architecture firm Foster & Partners.
The Chinese government has hired architects from Europe and Australia to design marquee projects to present an international image in the lead-up to this summer's Games. The terminal, like most of the Olympic venues, was completed ahead of schedule.
"Remarkably, it was commissioned and completed in a little over four years, less than the time it took to organize and conduct the public inquiry for Terminal 5 at Heathrow,'' Norman Foster, one of the architects, said in a statement.
The terminal cost 27 billion yuan ($3.8 billion) to complete, more than double what the city spent to build and refurbish sporting venues for the games.
Beijing is investing more than $67 billion on infrastructure projects including roads, subways, sports stadiums and the new terminal ahead of the country's first Olympics. The games will be held Aug. 8 to 24.
City Image
Its 360,000 square meters of gold roof are intended to echo the imperial color used to top the buildings of Beijing's 600- year-old Forbidden City complex. Inside, skylights set into the ceiling allow natural light to illuminate and heat the interior.
Measuring 2.95 kilometers (1.83 miles) from end to end, the terminal will double aircraft stands and will enable the entire airport to handle 76 million passengers a year by 2015, according to the National Development and Reform Commission.
The facility will host 26 airlines, according to Beijing Capital International. The first six including Sichuan Airlines and Qantas Airways Ltd. will start using it immediately, while the rest begin on March 26.
The new terminal will help change people's view on Beijing airport, known for congestion and flight delays,'' said Roslyn Ji, an analyst at Core
Extra Visitors
Beijing is expected to host an additional 1.5 million visitors during the Olympic Games. A third runway opened in October 2007.
The third terminal and runway will triple the annual landings and takeoffs to 600,000 aircraft, according to the airport operator.
Construction took three years and nine months and used 50,000 workers, according to the National Development and Reform Commission. Nine villages and 10,000 people were displaced in the process, it also said.
The terminal will adopt an automated people mover system which connects buildings for the first time in mainland China, according to General Administration of Civil Aviation. With four- kilometer-long rails, the system is able to transport 8,200 passengers per hour.

Shopping Feedback

Its never to soon to go shopping, this might sound too early for some shoppers, but I will be sharing it anyway ..
Sure many are aware about the coming black friday 2008. For those who love to shop during Black Fridays, this is great news. Now, you dont need to wake up early and drive, then those long lines at the store as early as five in the morning.
This site called blackfriday.info would surely be a big help to those who want to save a lot of money by letting them purchase Black Friday items online.
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If you would like to receive email alerts about as to when the latest Black Friday ads are posted, feel free to fill in your email address on the blank provided for on the site. There are hundreds of Black Friday ads which are being carefully grouped by store, category, according to online availability and even black friday news are available. Hundreds of choices on where to get your coupons are also being provided as well as hot deals are being updated daily.
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Oil Prices Spike to Record $105.97

Oil Prices Spike to New Record Near $106 on Supply, Latin American Border Tensions ...
The saga goes on as oil prices steadied Thursday after nearing a record $106 a barrel as investors reacted to a surprise drop in U.S. crude supplies and the dollar struck new lows against the euro.
Also supporting prices was an OPEC decision not to boost output and rising tensions on Venezuela's border with the demented Hugo Chavez..
Earlier this week, oil prices broke the previous inflation-adjusted price record of $103.76, set in 1980 during the Iran hostage crisis.

The primary factor causing the surge in oil prices is the surprising drawdown in crude inventories, which caused traders to really react quite dramatically.
Most analysts had expected the U.S. Energy Department's Energy Information Administration to report oil stocks rose last week for the eighth straight time. Instead, the stocks fell 3.1 million barrels.
In Vienna, the Organization of Petroleum Exporting Countries said Wednesday it would hold production levels steady, at least for now. OPEC ministers cited falling demand in announcing their decision to hold production steady.
The EIA report and OPEC announcement fed a new frenzy of investing in oil futures, which have risen to new inflation-adjusted records this week as the falling dollar drew investors to the market.
Five dollars is an incredible gain, the overall oil market fundamentals are supportive of strong oil prices but not at this level, above $100. I would expect some profit taking to put a temporary halt to this rather large surge in pricing.
The dollar, meanwhile, fell to a new low against the euro, with the EU's shared currency climbing to $1.5370 after the European Central Bank and the Bank of England left their benchmark interest rates unchanged. The euro set its previous high mark of $1.5302 on Wednesday.
Analysts noted that U.S. oil inventories are at historical highs despite last week's decline in crude supplies. Meanwhile, demand for gasoline is falling, and several forecasters have cut their oil demand growth predictions for this year.

Nintendo® Wii ..

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For more details on the rules go to:
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Global Slowdown

Everything is in favour of a crude price drop, the world economy is showing signs of a global slowdown, other alternative energy are on the increase and still crude producers and speculators persist in keeping the crude price above $100, they have now reached a point of no return as oil steadied above $100 on Wednesday as OPEC ministers indicated they were likely to keep output unchanged despite U.S. calls for action to reduce crude prices.
The U.S. weekly oil data is expected to show a 2.4 million barrel rise in crude inventories, the eighth straight week of gains, and a 900,000-barrel increase in gasoline stocks that are already at a 14-year high.
Crude oil for April delivery was trading at $100.32 a barrel, on the New York Mercantile Exchange at 12 p.m. London time, little changed from when OPEC ministers began closed-door discussions two hours earlier, on Tuesday, it fell nearly $3 to close at $99.52 as some investors tried to take profits from a record high of $103.95 struck on Monday.
London Brent crude climbed to $98.13.
The production limit for 12 of OPEC's 13 members is 29.67 million barrels a day. A decision to keep quotas unchanged was expected by 29 of 30 analysts surveyed
The market has kept a close eye on Wednesday's meeting of the Organization of Petroleum Exporting Countries (OPEC) in Vienna to see how the producer group will react to the recent rally in oil prices to triple digits.
The group accounts for about a third of world oil output.
Remarks so far from OPEC ministers ahead of the meeting suggest the producer group is likely to leave output unchanged.
U.S. President George W. Bush warned on Tuesday it would be a "mistake" for OPEC ministers to ignore the pain record-high oil prices are inflicting on the United States, the world's top energy consumer.

OPEC members are expected to ignore his call ...especially having seen yesterday's price action. The key will be a unified communique and this will be their downfall..
Saudi Arabia's Oil Minister Ali al-Naimi, OPEC's most influential voice, said in remarks published on Wednesday he saw no need to change production because oil market fundamentals were steady and "healthy". He blamed record high prices on "tremendous speculation", however the OPEC group also practice the art of "tremendous speculation".....

OPEC's President Chakib Khelil of Algeria also told Reuters on Wednesday d output policy will stay unchanged.

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Another Record..

The world is facing this energy crisis all because the US cannot control its home and foreign affairs...allowing crude producers and oil companies to SPECULATE freely as they wish...however this attitude will no doubt also have serious implications for them as world demand declines draging most economies with it... Crude oil and gold rose to records after the dollar dropped to an all-time low against the euro, increasing the appeal of commodities as an alternative investment.

Oil has risen 27 percent since Sept. 18 when the first of five cuts to the U.S. benchmark interest rate sent the dollar lower. Traders purchase energy and metals as an inflation hedge when the U.S. currency weakens. Prices also rose on reports that the U.S. launched an air strike in Somalia and that Venezuela sent tanks to its border with Colombia.

This situation is a example of SPECULATION...who cares if the demented Hugo Chavez sent tanks to its border with Colombia, this is yet another show...the U.S. launched an air strike in Somalia, so!!! this African nation has always been involved in some conflict, that is how they live, in any case they dont produce crude, they have nothing.. they are one of the poorest nations of the world...they dont want peace.... so why should these happenings affect crude prices....??? SPECULATION THATS WHY...!!!

What the world needs is a strong US government and not a Bush or Clinton ...frankly is there no one better... The energy market has caught the inflation wave once again as a reaction to new lows for the dollar versus the euro ...

Crude oil for April delivery rose to $103.82 a barrel at 10:01 a.m. on the New York Mercantile Exchange. Futures surged to $103.95 a barrel, the highest since trading began in 1983. Prices are up 68 percent from a year ago.
Brent crude for April settlement rose to $102.17 a barrel on London's ICE Futures Europe exchange. Futures reached a record $103.29 a barrel today.

The only reason for crude to be at or above $100 a barrel is for OPEC not to change the production targets.!!!

The dollar fell to $1.5191 per euro, from $1.5179 on Feb. 29, when it touched $1.5239, the weakest since the European currency's debut in January 1999. Declines in the dollar's value make commodities priced in the U.S. currency, such as oil, appear undervalued and appealing as a hedge against inflation.

So its time world order is restored, be it by the US or Europe someone needs to take the bull by the horns...or all will be a hostage to
crude producers...

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