"CRUDE" oil, an absolute must see program !!!

In Frantic Day, Wall Street Banks Teeter
Offer for Merrill Accepted; Lehman Nears Liquidation
By ANDREW ROSS SORKIN 17 minutes ago

http://www.nytimes.com/

 

Big stir going on around Lehman... lotsa chicken littles saying that the world ends tonight!

 

Here is another crude message I received today - - - and in triplicate too plus an extra copy (the original? - which one is the original......?????

From: Mr. Frank Kin Manager
National Westminster Bank Plc (Natwest Bank)
London-UK Attn: Sir/madam

My name is Mr. Frank James, I am the regional manager of the National Westminster Bank Plc (Natwest Bank) London U.K. I got your information during my search through the Automobile dealers. I am 44years of age and married with 3 lovely kids. It may interest you to hear that I am a
man of PEACE and don't want problem, I only hope we can assist each other. If you don't want this business offer kindly forget it as I will not contact you again.

I have packaged a financial transaction that will benefit both of us, as the regionalmanager of the National Westminster Bank Plc (Natwest Bank) it is my duty to send in a financial report to my head office in the capital city London at the end of each year.

On the course of the last year 2007 end of year report, I discovered that my branch in which I am the manager made Two million seven hundred fifty thousand Great Britain Pounds Sterling [GBP2, 750.000.00] which my head office are not aware of and will never be aware it. I have since place this fund on what we call SUSPENSE ACCOUNT without any beneficiary.As an officer of the bank I can not be directly connected to this money, so this informed my contacting you for us to work so that you can assist
receive this money into your bank account for us to SHARE. While you will have 30% of the total fund.

Note there are practically no risk involved, it will be bank to bank transfer, all I need from you is to stand claim as the original depositor of this fund who made the deposit with our branch so that my Head office can order the transfer to your designated bank account. If youaccept this offer to work with me, I will appreciate it very much.

As soon as I receiveyour response I will details you on how we can achieve it successfully.

Sincerely Yours
Mr. Frank Kin
From: Mr. Frank Kin Manager
National Westminster Bank Plc (Natwest Bank)
London-UK Attn: Sir/madam

My name is Mr. Frank James, I am the regional manager of the National Westminster Bank Plc (Natwest Bank) London U.K. I got your information during my search through the Automobile dealers. I am 44years of age and married with 3 lovely kids. It may interest you to hear that I am a
man of PEACE and don't want problem, I only hope we can assist each other. If you don't want this business offer kindly forget it as I will not contact you again.

I have packaged a financial transaction that will benefit both of us, as the regionalmanager of the National Westminster Bank Plc (Natwest Bank) it is my duty to send in a financial report to my head office in the capital city London at the end of each year.

On the course of the last year 2007 end of year report, I discovered that my branch in which I am the manager made Two million seven hundred fifty thousand Great Britain Pounds Sterling [GBP2, 750.000.00] which my head office are not aware of and will never be aware it. I have since place this fund on what we call SUSPENSE ACCOUNT without any beneficiary.As an officer of the bank I can not be directly connected to this money, so this informed my contacting you for us to work so that you can assist
receive this money into your bank account for us to SHARE. While you will have 30% of the total fund.

Note there are practically no risk involved, it will be bank to bank transfer, all I need from you is to stand claim as the original depositor of this fund who made the deposit with our branch so that my Head office can order the transfer to your designated bank account. If youaccept this offer to work with me, I will appreciate it very much.

As soon as I receiveyour response I will details you on how we can achieve it successfully.

Sincerely Yours
Mr. Frank Kin
From: Mr. Frank Kin Manager
National Westminster Bank Plc (Natwest Bank)
London-UK Attn: Sir/madam

My name is Mr. Frank James, I am the regional manager of the National Westminster Bank Plc (Natwest Bank) London U.K. I got your information during my search through the Automobile dealers. I am 44years of age and married with 3 lovely kids. It may interest you to hear that I am a
man of PEACE and don't want problem, I only hope we can assist each other. If you don't want this business offer kindly forget it as I will not contact you again.

I have packaged a financial transaction that will benefit both of us, as the regionalmanager of the National Westminster Bank Plc (Natwest Bank) it is my duty to send in a financial report to my head office in the capital city London at the end of each year.

On the course of the last year 2007 end of year report, I discovered that my branch in which I am the manager made Two million seven hundred fifty thousand Great Britain Pounds Sterling [GBP2, 750.000.00] which my head office are not aware of and will never be aware it. I have since place this fund on what we call SUSPENSE ACCOUNT without any beneficiary.As an officer of the bank I can not be directly connected to this money, so this informed my contacting you for us to work so that you can assist
receive this money into your bank account for us to SHARE. While you will have 30% of the total fund.

Note there are practically no risk involved, it will be bank to bank transfer, all I need from you is to stand claim as the original depositor of this fund who made the deposit with our branch so that my Head office can order the transfer to your designated bank account. If youaccept this offer to work with me, I will appreciate it very much.

As soon as I receiveyour response I will details you on how we can achieve it successfully.

Sincerely Yours
Mr. Frank Kin
From: Mr. Frank Kin Manager
National Westminster Bank Plc (Natwest Bank)
London-UK Attn: Sir/madam

My name is Mr. Frank James, I am the regional manager of the National Westminster Bank Plc (Natwest Bank) London U.K. I got your information during my search through the Automobile dealers. I am 44years of age and married with 3 lovely kids. It may interest you to hear that I am a
man of PEACE and don't want problem, I only hope we can assist each other. If you don't want this business offer kindly forget it as I will not contact you again.

I have packaged a financial transaction that will benefit both of us, as the regionalmanager of the National Westminster Bank Plc (Natwest Bank) it is my duty to send in a financial report to my head office in the capital city London at the end of each year.

On the course of the last year 2007 end of year report, I discovered that my branch in which I am the manager made Two million seven hundred fifty thousand Great Britain Pounds Sterling [GBP2, 750.000.00] which my head office are not aware of and will never be aware it. I have since place this fund on what we call SUSPENSE ACCOUNT without any beneficiary.As an officer of the bank I can not be directly connected to this money, so this informed my contacting you for us to work so that you can assist
receive this money into your bank account for us to SHARE. While you will have 30% of the total fund.

Note there are practically no risk involved, it will be bank to bank transfer, all I need from you is to stand claim as the original depositor of this fund who made the deposit with our branch so that my Head office can order the transfer to your designated bank account. If youaccept this offer to work with me, I will appreciate it very much.

As soon as I receiveyour response I will details you on how we can achieve it successfully.

Sincerely Yours
Mr. Frank Kin




Bon chance?

 

Time in NY is 3:13 in the morning of 15 Sep 2008, Lehman is dead in the water, Merril Lynch is gone for a piece of worthless paper, US $ is useful only as a sentimental memory or wallpaper, YET, these Stupid fools are still pushing the US dollar up and gold down (giving the rich time and opportunity to buy cheap gold or prove that they are really f'ing stupid too)

 

Lehman is being split, bits will be sold... the broker dealer arm still looks viable but who will buy? So its not a total write off... only part of the company will be placed in CH11, at least thats the latest I have.

 

Cover thy bum and....

Buy some oil stocks now!

http://www.youtube.com/watch?v=FtfJPD9sCUE

They are way cheap!

 

i'll let ya buy stock in my "chickens" as soon as i only have 3 left

 

Another fiction. No one knows the amount of oil that is left, you have to be a fool to think anyone can predict that. These same fortune tellers had predicted peak oil occurred in 1917, 1933, 1949, 1969, 1977...etc.

They were not correct then, not likely they are correct now. That is simply a historical fact.

 

The consensus of "oil pundits", that I have read, at the conservative end of the spectrum, seem accepting of the charts that "peak oil" probably was around May 2004. Based on best estimates and current oil use trends many I have read seem to hover around the 10 to 15 year reserves or less.

It is acknowledged that the margin for production surplus to catastrophic shortage falls within a band of +3% to -3% (or is it 3% overall? I can't remember), and that ain't much..... The general behaviour of the markets are not reflecting any reality... The demand for Gold far outstrips supply so who or what is playing games?

I am only stirring to see if I can provoke an alternative response that explains my feelings of utter confusion in the markets and illogical movements....?

 

Oh rubbish...

The peak concept was not developed prior to Hubbert's efforts. The evidence at hand has peak production as 2005, a hard statistcal data point that until passed stands as peak. The net of depletion is running at around 5% per annum at the moment according to the IEA, ask the average insider and they will tell you that thier experience is closer to 7%. That means in order to sustain the current 1% per anumun growth we need to discover a new Saudi Arabia every two years. Our discovery rate peaked 40 years ago and has been in decline ever since, it ultimately determines our production rate. Nothing in recent discoveries will make up for the documented contraction we are experiencing now. One real concern is that Ghawar will go into a steep decline like Cantarell which has now hit the 20%+ (rumoured to be a disastrous 30%).... even small declines at Ghawar will be hard to deal with.

This is nothing like previous points in history & peak oil is not the end of oil but the end of cheap oil --- for myriad reasons from social, logistical to geological we don't get to use all the oil. Soon you will see crisis surrounding energy supplies, most specifically oil. Given the time lines its inevitable now & some of the most informed and intelligent oil people have been trying to tell the world ---> but you can't make dopey ********* understand until it stops flowing as freely as it once did, then they wanna kill someone to solve the problem.

 

The dynamics of resource depletion suggest that the "second half" of a resource is consumed in around 20% of the time taken to consume the first half or around 10% of the over all consumption time line. Variables apply but.... either way its not a lot of time in best case.

 

All you have to do is look at the discovery curve and move it forward about 40 years. Any idiot can see that we need to see truly massive increases in discovery rates to avert this... and guess what, they are crawling over every inch of this planet to find it and where every its found and it is found its not in problem solving quantities..... it if was that chart would look different. Its time to shift to a new energy supply, I know we can do it but its a big, long slow job... I suggest we start now.

 

It shouldn't be a new thing for a literate person. But I do agree that today it should be pointed out more frequently then ever and you did well to link that video here.

And let me say just one word: PLASTIC.

How many things you see around you that have no parts made of plastic?
Well, plastic is made of oil. Just think about that and you'll understand where we're heading.

 

Cheap energy underpins every thing in our life... even forgetting about the direct derivative products we cannot live like we do without a cheap energy source. Peak means the end of cheap oil, not the end of oil, which seems to be the major stumbling block most peole have. You often hear "we have 100years of oil left"... yes maybe, theoretically, if you wring the planet dry and keep production static, but at what cost, financially and socially.

This is the single most pressing issue facing us, forget the rest for the time being this is critical. The bonus being that if you solve this issue wisely you can also address any green concerns be they real or not.

Its a about 6 six weeks until the US votes... that's the end of the window for oil at current price levels.

 

WHAT????? only a 4% drop in the market - a good fart would make more noise. - - - a 4% correction is not going to fix the problems besetting the markets.... Where is the major collapse that is needed to clean out all the corruption, lies, theft, fraud and other cancers of evil that the greedy have permeated into every corner of a tool necessary for legitimate market activity....

A MAJOR move is needed not another tisputang, I like the phrase "Dump everything you can in the market and buy gold, then hold tight for the bumpy ride."