gas prices in Iraq

[smokn38]

Algae. You heard it here first.

Acutally I heard it here first, but interesting none the less:

http://blog.mlive.com/chronicle/2008/03 ... how_t.html

[Disinfertention]

Just in case you were wondering.......

Why Exxon won't produce more oil
The energy giant is being managed to achieve an acceptable investment return for shareholders, not for the benefit of consumers. Less supply of crude oil means higher prices -- and record profits.....

Halfway through the three-hour meeting, Exxon management flashed a chart that showed the company's worldwide oil production staying flat through 2012.....

Ponder that for a minute. Exxon is the largest publicly traded company in the energy business. In fact, it's the most profitable company in the history of capitalism, earning a record $40.6 billion last year on sales of $404 billion. Yet even with crude oil prices near all-time highs, Exxon isn't planning on producing any more oil four years from now than it did last year......

That means the company's oil output won't even keep pace with its own projections of worldwide oil demand growth of 1.3% a year......


"It really goes back to what is an acceptable investment return for us," Tillerson said. In other words, producing more barrels just to ease prices for consumers is not part of the company's calculations.

Link To Story....

And why don't I buy from Exxon Mobil?... Hm.

Besides that and their 400 million dollar payoff to some fatcat CEO.