FishUSA.com Forums
Forums Home Search Photo Gallery Calendar Policies Logout Old Boards FishUSA.com Tackle Shop My Profile My Forums My Subscriptions My Address Book My Inbox Member List RSS News Feed
Log In      

duh....the white house finally admits....

 
View related threads: (in this forum | in all forums)

Logged in as: Guest
Users viewing this topic: none
  Printable Version
All Forums >> [Pennsylvania Boards] >> Off Topic Discussions - Pennsylvania >> duh....the white house finally admits.... Page: [1] 2   next >   >>
Login
Message << Older Topic   Newer Topic >>
duh....the white house finally admits.... - 7/4/2008 12:12:48 AM   
rapala11

 

Posts: 2028
Joined: 3/5/2006
Status: offline
White House: Jobs Report A Sign of Slow Growth

Topics:Interest Rates | Inflation | Employment | Consumers | Economy (U.S.)
By Reuters | 03 Jul 2008 | 11:58 AM ET

function UpdateTimeStamp(pdt) {
var n = document.getElementById("udtD");
if(pdt != '' && n && window.DateTime) {
var dt = new DateTime();
pdt = dt.T2D(pdt);
if(dt.GetTZ(pdt)) {n.innerHTML = dt.D2S(pdt,((''.toLowerCase()=='false')?false:true));}
}
}
UpdateTimeStamp('633506975285000000');
Font size:
The White House said Thursday a report showing a sixth straight month of job losses in June was another sign of slower U.S. economic growth.
"The employment report today was largely in line with expectations," White House spokeswoman Dana Perino said.
"We are no doubt in a period of slow growth, it is growth nonetheless but it's very slow and it's had an impact on employment," she told reporters.
The Labor Department said on Friday that 62,000 U.S. nonfarm jobs were lost last month, bringing to 438,000 the number of jobs shed so far this year as persistent housing market woes chilled economic growth. The unemployment rate, which shot up sharply in May, held steady at 5.5 percent.
"It's caused by a variety of factors including higher energy prices and the fallout from the overbuilding in the housing sector which caused a supply/demand problem and then we also had as a result of that some financial market turbulence," she said.








RELATED LINKS



Slideshow: Where The Jobs Are
White House:A Sign of Slow Growth
Small Businesses to Ramp Up Hiring
Job Losses to Continue
ADP Surprises With Biggest Job Loss in Nearly 6 Years 
More Economic News
Earlier this year Congress passed and President Bush signed a $152 billion stimulus package full of tax rebates aimed at encouraging consumers to spend more. Perino said more than $86 billion in rebate checks have been sent out already.
"Reports are that largely the stimulus checks are being pumped back into the economy which is exactly the effect that we wanted to have in terms of retail sales so that we can stimulate the economy," she said. "We continue to look for ways that we could do that."
She urged Congress to pass housing reform legislation, saying it was one option to quickly boost the economy

_____________________________

01/20/09

silence means consent

..."Old men start wars...young men die in them."
Post #: 1
RE: duh....the white house finally admits.... - 7/4/2008 12:25:41 AM   
rapala11

 

Posts: 2028
Joined: 3/5/2006
Status: offline 		what dana doesn't say is that the job losses were once again in the better paying sectors.  half a million americans are now on the unemployment rosters.  labor dept. said that graduating high schoolers may have a tough time finding work as they prepare for their futures.........another duh.

so much for a healthy economy.

_____________________________

01/20/09

silence means consent

..."Old men start wars...young men die in them."

(in reply to rapala11)
Post #: 2
RE: duh....the white house finally admits.... - 7/4/2008 12:41:39 AM   
gobyking

 

Posts: 525
Status: offline 		You still haven't given us enough proof.This is clearly a dem spin put out because they control the media.I have heard hardly anyone talk about the poor economy at all in my daily travels and everything is just peachy from my viewpoint.Sadly,some men you just can't reach.

(in reply to rapala11)
Post #: 3
RE: duh....the white house finally admits.... - 7/4/2008 3:46:41 AM   
jon_e_si

 

Posts: 241
Joined: 5/4/2006
Status: online

Old but, we need to see again.



 









BUSH'S WAR???????? 


 Hypocrites:  The American  people can be a fickle lot.....
 THIS COUNTRY NEEDS TO RUN THIS VIDEO OVER AND OVER UNTIL ALL OF US FULLY UNDERSTAND WHAT IS GOING ON!!!

The most despicable acts of deceit ongoing in this country are the lies and hypocrisy perpetrated by the people seen in this short video.  Here's a video compilation you definitely won't see on main stream media.

The next time you hear the expression 'Bush's war' remember this video











 

Note that here's no 'opinion,' just direct video which deserves wide distribution.




   http://www.bercasio.com/movies/dems-wmd-before-iraq.wmv
 
 

 

(in reply to gobyking)
Post #: 4
RE: duh....the white house finally admits.... - 7/4/2008 4:58:57 AM   
gobyking

 

Posts: 525
Status: offline 		So,you're saying that all of our economic woes are contributed to what,the democratic viewpoints and voting results from this video? I only watched 1:30 of the 3:46 but get the jist of weapons of mass destruction in Iraq theory on both sides of the aisle before 9/11.I hope this video isn't your way of trying to say that this is the major contributing factor to our current economic situation.Poor counterpoint.Actually this has little if any affect on the situation except for the fact that the extended war in Iraq(misguided on both sides of the aisle by disinformation from intelligence) has lowered the dollar,and the government puts it all on the credit card which is China.But the low dollar in the world market is not as much the cause but more are the policies that have occured over the past 8 years.National debt is at all time high,who is to blame.That causes a weak dollar,amongst many other contributing factors.

I just don't get your post.Please explain further.

(in reply to jon_e_si)
Post #: 5
RE: duh....the white house finally admits.... - 7/4/2008 8:27:18 AM   
Bughawk


Posts: 5609
Status: offline 		jon_e_si

Interesting video.  I would bet most anyone would have been against Saddam and his weapons of mass destruction given the faulty information that our congressmen and women were given.  I noticed there was no mention of not finding all of the weapons of mass destruction they claimed were there.  There was no mention of the bold faced lies told to the American people or the exaggerated claims of the danger of Saddam and his regime.   Why did they not mention that once we got to Iraq we found out the truth about things like the moble biological weapons labs and all the chemical weapon facilities?  

_____________________________

pax vobiscum +

(in reply to gobyking)
Post #: 6
RE: duh....the white house finally admits.... - 7/4/2008 9:33:03 AM   
rapala11

 

Posts: 2028
Joined: 3/5/2006
Status: offline 		heard scott ritter talk this past spring.  remember him?  chief weapons inspector in iraq from 1992-98.  never found a weapon.  a major in the marine corps, he said there were no weapons.  he resigned and became a peace activist.

saddam.....there are a bunch more just like him throughout the world.  we are seeing atrocities in the sudan, china, north korea, palestine, and many more regions.  are we going to take them all on?  saddam....find out who armed him.  find our who initially gave iran their military strength.  i say bunk.  as long as we and other nations continue on this path, we will see our end.  people and leaders and countries need to start working towards compromise and peace.  but as long as our mindset is attack because they MAY be a threat, we will be villified by the other countries on this rock.  time for a change.

_____________________________

01/20/09

silence means consent

..."Old men start wars...young men die in them."

(in reply to Bughawk)
Post #: 7
RE: duh....the white house finally admits.... - 7/4/2008 9:40:53 AM   
ROCKHARD


Posts: 789
Joined: 10/13/2007
Status: offline 		goby, i didnt see anything mentioned about economy,, he was pointing out BUSHS WAR,,,,bug,, these were statements during the clinton era,,some after bush took office,,,who gave misinformation in 98,not bush whithouse,,,listened to a investigative reporter/ analyst last night ,,gerald celente,, he blames most of economy downfall on the federal reserve,stating there is no congressional oversight ,,, he said this all started in 97 under clinton, says under bush ,the dollar has lost 41%of its value,, another problem is the up coming economies of china ,india, stating we are losing pace in the world market,,, there is a big push by major globalist around the world to tank our middle class,,, high prices is one way of doing it,,, he stated 38% of kids graduating have no clue about economy or how it works,,dumbing down ,, we rank 15 in the world in education,,also said we WILL SEE a crash worse than great depression, he predicts within 5 yrs,,

_____________________________

WHAT WE HAVE HERE IS A FAILURE TO COMMUNICATE,, SOME MEN YOU JUST CANT REACH

(in reply to Bughawk)
Post #: 8
RE: duh....the white house finally admits.... - 7/4/2008 10:08:15 AM   
jon_e_si

 

Posts: 241
Joined: 5/4/2006
Status: online 		No, I'm saying Congress has the "Power of the Purse" and they have been spending us into oblivion and buying your votes with your tax dollars. I'm a Democrat but not a "tax and spend" Democrat.

We're in a war on terror - make no mistake about that! They (Congress) spend like drunken sailors (both sides of the aisle) trying to have both "guns and butter". There are too many government programs that are too wasteful and quite frankly not the function of government. You can't run your household that way - i.e. biggest house, biggest car/truck, biggest boat, best fishing gear, best restaurants, private schools, max out credit cards, etc.

The video shows the time before Bush took office and the "then" mindset. Don't forget the initial attempt on the twin towers (under Clinton). Now these same people are calling it Bush's war, etc. Pelosi, Reid, Kennedy, Clinton's (both) et als act like they had nothing to do with it and usually do a good job of convincing the masses that is the case!

Iran is coming!!! Question - Do we knock them all off at once or a step at a time?? We have a military presence in over 125 countries. don't forget Bosinia, Kosovo, Africa, Korea, etc. and the on-going conflict in Afganistan!

There are plenty of jobs out there for people who want to work. I usually put in 5-6 days a week, at a time in my life I'm supposed to be enjoying my "golden years"! I'm not complaining, feel fortunate that I'm able, etc. but would enjoy more time on the water! My son recently changed jobs to work for more $$$ and more hours 55-60 hours/week and less time on the water!

I think my whole point is that it is time that WE THE PEOPLE take back the streets and stop sending people to Washington and the Statehouse and unfortunately to many of the local city governments, who like to tax and spend, i.e. buy our votes with our tax money!

(in reply to Bughawk)
Post #: 9
RE: duh....the white house finally admits.... - 7/4/2008 10:24:10 AM   
rapala11

 

Posts: 2028
Joined: 3/5/2006
Status: offline 		think that is what i have been saying.  don't defend the idiots, unemploy them.

_____________________________

01/20/09

silence means consent

..."Old men start wars...young men die in them."

(in reply to jon_e_si)
Post #: 10
RE: duh....the white house finally admits.... - 7/4/2008 11:03:39 AM   
LDD

 

Posts: 838
Joined: 5/20/2004
Status: offline
quote:

ORIGINAL: gobyking

You still haven't given us enough proof.This is clearly a dem spin put out because they control the media.I have heard hardly anyone talk about the poor economy at all in my daily travels and everything is just peachy from my viewpoint.Sadly,some men you just can't reach.


This is a facetious statement right??  I mean you really don't think that the economy is peachy do you?? I guess your business and your life aren't affected by energy or the stock market.  Things could obviously be a lot worse but the economy is definitely in a downturn from even last year.  I mean even the rich guys, of which I know plenty, are getting tighter because the markets are doing so poorly. 

You need to drop the media conspiracy b.s. too,  if you know anything about journalism you know that it is the job of journalists to question the government.  All your doing is spouting the rhetric of right wing commentators.  Did the media magically become liberal after Clinton go out of office or what?? It seemed to have happened right after our "togetherness" from 9/11 wore off.  I don't remember the "liberal media" giving Clinton a pass on any of his huge blunders.  They certainly didn't give Obama any passes with Rev. Wright or dumb stuff his wife says.  So, I guess you're just talking about all of the social issues that the media covers and the tough stances they take against an administration that doesn't like to answer any questions or speak openly with the citizens of this country.  If you think the media is so biased what are you doing about it???  A free media is the bedrock of a democracy.  I believe the media is in danger from opinion and the free market effect.  As far as liberalism in the media...I don't buy it.   

(in reply to gobyking)
Post #: 11
RE: duh....the white house finally admits.... - 7/4/2008 11:52:03 AM   
jon_e_si

 

Posts: 241
Joined: 5/4/2006
Status: online 		CHECK THESE OUT!

Veritas (truth)
These were posted previously - go back to Kennedy/Kissinger (picked up by the Republicans) -quite an earful! First is quite long, but all worth listening to!
 
Just got back from honeymoon through PA, NY (Niagra Falls), Adirondaks, Cape Cod - lots of traffic, Wal-Mart lots full, malls busy, gas stations busy (& high) Interstates & Thruway busy (crowded). There's money out there - no doubt some segment of economy hurting (lumber) but also a lot on the plus side!

(in reply to LDD)
Post #: 12
RE: duh....the white house finally admits.... - 7/4/2008 12:16:44 PM   
rapala11

 

Posts: 2028
Joined: 3/5/2006
Status: offline 		maybe all those people you saw were looking for work.  glad it is only lumber that is hurting.  guess everyone else will have to use bricks to build all their new homes in this thriving economy.  also, all the labor dept. stats and the news are feeding us bunk....things really are great out there.  thanks for the report.

_____________________________

01/20/09

silence means consent

..."Old men start wars...young men die in them."

(in reply to jon_e_si)
Post #: 13
RE: duh....the white house finally admits.... - 7/4/2008 12:18:30 PM   
rapala11

 

Posts: 2028
Joined: 3/5/2006
Status: offline 		those youtube vids have been around for awhile now.  if it is true that we have a 200 year supply up there, why hasn't the gov or the oil industry told us this?

_____________________________

01/20/09

silence means consent

..."Old men start wars...young men die in them."

(in reply to rapala11)
Post #: 14
RE: duh....the white house finally admits.... - 7/4/2008 12:26:50 PM   
jonnyfishon

 

Posts: 1236
Joined: 2/7/2008
Status: online 		People are using thier credit cards, just because you see people out shoping does not mean everything is peachy. This generation has little concept on saving. Its a spend,spend,spend country. It will catch up to them soon. I ,for one, make good money,and its all going under my mattress or low risk investments. Printing money is bad, losing the equity on your house is bad, major companies (gm,ford,ect) on the brink of collaps bad, saying everything is great "stupid".

(in reply to jon_e_si)
Post #: 15
RE: duh....the white house finally admits.... - 7/4/2008 1:20:53 PM   
spoonchucker


Posts: 5575
Status: offline 		Jon,

Even in the worst economy, there will be some that have money. There are also some sectors of business that thrive on a bad economy.

Walmart lots are full. Folks still need food, toilet paper, soap, cloths, etc. take a hard look at what folks are buying. Ask the 62,000 people who lost their jobs last month if the "liberal media" told them thing are tough. I remember last year as Bush traveled the country talking about the economy. The recurring theme EVERYWHERE he went, was " I know things are tough HERE, or for YOU, but EVERYONE else is doing great.

Lumber is doing poorly? How about also home furnishings, and appliances. The auto industry ( GM stock is at it's lowest since it's initial opening ). Fuel costs are forcing independent truckers out of business, and we will soon be left with a handfull of major carriers. THAT will be a good thing. Smaller banks, finance institutions, and brokerage firms are going under, or being bought out by a handull of banking giants. Same thing happening with the airlines. What do these all have in common? All three were largely DE-regulated, in the interest of increased competition. It's working out GREAT.

The "liberal media" is feeding folks "gloom & doom", people are living it, and feeling it. The media simply reports on why they are feeling it.

Rock,

One of the reasons the economies of other nations are growing so rapidly, is they have so much room for growth. They have only begun to exploit existing technology, while we have reached it's maximum potential ( or close to it ), and are increasingly dependent on new technology for growth. Our current energy policy ( at least ), is to keep us reliant on the old.

_____________________________

Get Informed, Get Involved, And Make A Difference.

Step Up, or Step Aside

The next time you say "Somebody should do something", remember that YOU are somebody.

GL&TC

(in reply to jonnyfishon)
Post #: 16
RE: duh....the white house finally admits.... - 7/4/2008 2:44:59 PM   
rapala11

 

Posts: 2028
Joined: 3/5/2006
Status: offline 		ford stock is under 5 bux a share, chrysler sales are down 27%, toyota 17%.  many smaller, franchised retailers are cutting stores or closing up.  airlines are laying off big time.  thriving economy........bullcrap.  unless you watch fox news (or "fox, not facts").

_____________________________

01/20/09

silence means consent

..."Old men start wars...young men die in them."

(in reply to spoonchucker)
Post #: 17
RE: duh....the white house finally admits.... - 7/4/2008 4:08:22 PM   
ROCKHARD


Posts: 789
Joined: 10/13/2007
Status: offline 		you know ,rap,tired of being told we will be villianized by other countries,,, first of all i feel we should pull outof every nation in the world ,,let them destroy themselves,who cares,,stop sending tax dollars to feed these so called poor countries,,send them picks and shovels and say stop crying and help yourself,,, our constitution says to stay out of off shore problems,,,not our job to see someone in africa has something to eat,,, let the charities of churches do that,,,,hey if your job is dying ,,go find another,, tired of hearing how bad it is,bad for everyone,,move on ,create a new life,,stop bwaiting on govt,,,,ldd,yes clinton and obama both got passes from major media,,still do,,,yea they are mentioned and also defended by the media,, never heard them defend any one from the right,,,media ,,tv and print  are liberal outlets,,, obama has never been questioned about his associations with these people,, wonder how they would act if mccain or a third party was affiliated with the kkk or white aryian groups,,,dont think they would get the same pass

_____________________________

WHAT WE HAVE HERE IS A FAILURE TO COMMUNICATE,, SOME MEN YOU JUST CANT REACH

(in reply to rapala11)
Post #: 18
RE: duh....the white house finally admits.... - 7/4/2008 4:23:46 PM   
gobyking

 

Posts: 525
Status: offline
quote:

ORIGINAL: LDD

quote:

ORIGINAL: gobyking

You still haven't given us enough proof.This is clearly a dem spin put out because they control the media.I have heard hardly anyone talk about the poor economy at all in my daily travels and everything is just peachy from my viewpoint.Sadly,some men you just can't reach.


This is a facetious statement right??  I mean you really don't think that the economy is peachy do you?? I guess your business and your life aren't affected by energy or the stock market.  Things could obviously be a lot worse but the economy is definitely in a downturn from even last year.  I mean even the rich guys, of which I know plenty, are getting tighter because the markets are doing so poorly. 

You need to drop the media conspiracy b.s. too,  if you know anything about journalism you know that it is the job of journalists to question the government.  All your doing is spouting the rhetric of right wing commentators.  Did the media magically become liberal after Clinton go out of office or what?? It seemed to have happened right after our "togetherness" from 9/11 wore off.  I don't remember the "liberal media" giving Clinton a pass on any of his huge blunders.  They certainly didn't give Obama any passes with Rev. Wright or dumb stuff his wife says.  So, I guess you're just talking about all of the social issues that the media covers and the tough stances they take against an administration that doesn't like to answer any questions or speak openly with the citizens of this country.  If you think the media is so biased what are you doing about it???  A free media is the bedrock of a democracy.  I believe the media is in danger from opinion and the free market effect.  As far as liberalism in the media...I don't buy it.   


LDD,this is called sarcasm.Ever hear of it?

And Rock,the thread was started about the economy.Which IMO the Iraq war has little to do with the economic situation were in except the dollar has been lowered by the out of control spending.And Jon_e_si,I think I was thrown off by the correlation,but ABSOLUTELY agree with you.Both sides are at fault and spending too much of our money.Need a third party to make things work. 

< Message edited by gobyking -- 7/4/2008 4:34:00 PM >

(in reply to LDD)
Post #: 19
RE: duh....the white house finally admits.... - 7/4/2008 4:47:45 PM   
rapala11

 

Posts: 2028
Joined: 3/5/2006
Status: offline 		rock, not sure what this had to do with the economy, but, clinton was not a favorite of the media.  reagan and kennedy were, for sure.  clinton had a target on his back all the time, for his pecadillos, for his associations with undesirables, for his associatiion with the chinese, and so on.  he was a moral dirtball, to say the least.  not the kind of guy you would want to date your sister.  much as i hate to say it, the economy was good under him and his furthering nafta.  it is not good now.

_____________________________

01/20/09

silence means consent

..."Old men start wars...young men die in them."

(in reply to gobyking)
Post #: 20
RE: duh....the white house finally admits.... - 7/4/2008 11:18:41 PM   
LDD

 

Posts: 838
Joined: 5/20/2004
Status: offline 		GOBY...yeah, I have...just picked up what was going on here...problem with the "typed message factor"...oops.

Rock...
"ldd,yes clinton and obama both got passes from major media,,still do,,,yea they are mentioned and also defended by the media,, never heard them defend any one from the right"...ok...I disagree...so you tell me how they have attacked John McCain?? He's the conservative candidate right?? Describe how they have attacked him...please. 

(in reply to gobyking)
Post #: 21
RE: duh....the white house finally admits.... - 7/5/2008 12:34:16 AM   
gobyking

 

Posts: 525
Status: offline
quote:

ORIGINAL: ROCKHARD

you know ,rap,tired of being told we will be villianized by other countries,,, first of all i feel we should pull outof every nation in the world ,,let them destroy themselves,who cares,,stop sending tax dollars to feed these so called poor countries,,send them picks and shovels and say stop crying and help yourself,,, our constitution says to stay out of off shore problems,,,not our job to see someone in africa has something to eat,,, let the charities of churches do that,,,,hey if your job is dying ,,go find another,, tired of hearing how bad it is,bad for everyone,,move on ,create a new life,,stop bwaiting on govt

Rock,this is called isolationism.And this was the policy of the US until Germany came into power in the 1930's.That is why we send money to these other countries,to hold them accountable and tie thier economy and safety with ours in tandem.We go down,they go down.You're right,we shouldn't send as much as we do to countries who dislike us.We are endebting our childrens futures before they are even born,sadly.I for one am tired of hearing our governments support of Israel to the tune of $3 billion a year to make them a little superpower in the mid-east while we piss off the countries we are now fighting and having problems with in the war on terror.They hate Israel and in turn hate us for supporting them.

NAFTA was one of the biggest causes for our problems today.Ross Perot said it I believe when he was running in 1992 that this would hurt the economy and boy was he ever right.Sure,we get cheap items from countries like Mexico who can pay someone $2 an hour to make running shoes.But shouldn't our businesses want to be "American made"?I think it all leads back to the attitude of get your money now quickly like a fast food restaurant.Problem is that our so-called leaders are in bed with these big corporations,thus dancing with the devil.How can they do what is right for the taxpayers when they have stronger ties to big business and the dumb voters keep voting them in office?

I am not a democrat nor republican.Both these parties have flaws,democrats like to tax and spend a lot for more gov't programs.Republicans like to support big business(screwing over anyone but the rich) and now like to spend like fools.Doesn't anyone like to be accountable for our deficit?

Rock,I'm sure you're a good guy and have your opinions which I hope all here respect,but it sounds like you are a one man band.

LDD,maybe I was too convincing,Jonny fell for it too.

(in reply to ROCKHARD)
Post #: 22
RE: duh....the white house finally admits.... - 7/5/2008 8:04:48 AM   
Kokanee Killer


Posts: 335
Joined: 2/3/2008
From: Parts unknown
Status: offline 		politics

_____________________________

"And if the band your in starts playing
different tunes,I'll see you on dark
side of the moon."

(in reply to gobyking)
Post #: 23
RE: duh....the white house finally admits.... - 7/5/2008 8:45:16 AM   
jon_e_si

 

Posts: 241
Joined: 5/4/2006
Status: online 		Used Lumber as an example, not sole source of economic sag.

Re: oil industry/gov't not telling us: The oil & gas industry has been telling us for years - government -specifically Congress has refused permission to drill consistently since 1982! See below!
Will ANWR Oil Production Come Too Late?By Keith Kohl | Monday, June 30th, 2008
There's a new game being played in the media.
From what I understand, the rules are easy. Simply pick somebody (other than yourself, of course) to blame for oil prices. Then, you can watch as the blame is bounced around. Unfortunately, there's no way to win the game since the blame goes back and forth repeatedly.
Let's start with OPEC. After all, they do control a significant amount of global oil production. According to them, the speculators are responsible for running the price of oil up.
In the words of the Qatari Minister, "There is no shortage."
That seems to be the daily mantra at OPEC.
They even expect oil prices to reach as high as $170 a barrel in 2008. Anyone else remember when they were comfortable last year when oil prices were an astounding $60 a barrel? Things are so good, Libya is considering a cut in production.
Shell's chief exec, Jeroen Van der Veer, came out swinging lately, saying that speculators aren't to blame. He's finally starting to realize that cheap oil oil is getting scarce, so producers are forced to go farther and deeper than ever before.
But again, there are no clear winners.
Speculators obviously have their part in the price of oil. The amount they play, however, would invite a week-long argument. It's also true that supplies are extremely tight. The fact is that global production has plateaued while demand continues to increase.
You can see where this is leading us, right?
But just because there's a global crunch in the oil markets does not make every oil investment a safe one.
In fact, the last time I was this concerned over one of my reader's investments, it was a few weeks ago. Back then, I was asked a simple question on how I felt about the Colorado Oil Shales.
Several of you were getting excited over the idea that drilling for oil in the Arctic National Wildlife Refuge was inevitable. Normally, I would be the first person to get back the idea of new domestic production.
This time was a bit different.
Advertisement
How This Backdoor Oil Play Makes Millions
Only a decade ago, the vast deposits of oil in the Bakken formation were too difficult to extract...
A groundbreaking drilling technique has completely changed the playing field. You see, using this breakthrough technology, a few oil companies now have access to billions of barrels of oil.
One company has already jumped over 63% in under a month!
Now that the 2008 drilling programs are underway, a few small oil producers are ready to make another round of profits.
Learn more about how to invest in the Bakken oil boom.


Drilling ANWR for Oil
In 2006, Alaska's north slope pumped out an average of 724,000 barrels per day. After taking a quick look at the numbers from the Energy Information Administration (EIA), that means production there has dropped about 24% since 2002.
As you probably know, drilling for oil in ANWR isn't allowed. In fact, the Congressional block on drilling ANWR has been renewed every year since it was first enacted in 1982.
Last month, the EIA completed a service report entitled Analysis of Crude Oil Production in the Arctic National Wildlife Refuge.
Remember, we're talking about a good deal of oil. The United States Geological Survey estimated that between 5 and 16 billion barrels of oil can be recovered from ANWR's coastal plain.
Don't let the big numbers grab all your attention, because it's not the total reserves we're interested in, but rather the production rates. Even if we take the EIA's high estimate case, oil production peaks in 2028 at 1.45 million barrels per day.
Let's think about that for a second...
Pretend that everyone opposed to drilling in ANWR suddenly had a change of heart tonight and Congress lifts the ban tomorrow morning. The problem is that the area would still take nearly a decade to develop. That means we wouldn't see production until at least 2018!
There's a few other problems to consider, too.
That extra million barrels per day may not have as much of an impact as you think. U.S. oil production has been falling for the last three decades while our consumption levels have gone through the roof.
ANWR: Too Little Too Late?
Okay, so ANWR may not be our peak oil savior. The good news is that ANWR production would be able to slightly decrease the amount of oil we import. Also consider that we imported about 13.4 million barrels per day last year (5.9 million b/d coming directly from OPEC).
Are we going to eventually open up ANWR to oil producers drillers within the next few years?
Absolutely.
Will production have a significant impact?
Not likely, but every little bit helps.
Until next time,

Keith Kohl
P.S. I know I sound rather skeptical about ANWR drilling. It's true. I also know I'm not alone, either. Furthermore, I know that most of my readers have been profiting from better opportunities for years. And to be honest, it wouldn't be fair if I didn't give you the same chance as my other Energy and Capital readers. If you're interested in finding out more about some of these booming oil plays, I'd recommend checking out the $20

Check this out also!
FIRST… do you know what ANWR is?

ANWR = Arctic National Wildlife Refuge.

….



Now…  A comparison




And some perspective…



NOTE WHERE THE PROPOSED DEVELOPMENT AREA IS…
(it's in the 'ANWR Coastal Plain')



THIS IS WHAT THE DEMOCRATS, LIBERALS AND 'GREENS' SHOW YOU WHEN THEY TALK ABOUT ANWR
…and they are right… these ARE photographs of ANWR



ISN'T ANWR BEAUTIFUL?  WHY SHOULD WE DRILL HERE (AND DESTROY) THIS BEAUTIFUL PLACE?
…
…

WELL… THAT'S NOT EXACTLY THE TRUTH


Do you remember the map?

The map showed that the proposed drilling area is in the ANWR Coastal Plain

Do those photographs look like a coastal plain to you?


WHAT'S GOING ON HERE?
…
….
….
….
….
….
….
….
…


THE ANSWER IS SIMPLE…

THAT IS NOT WHERE THEY ARE WANTING TO DRILL!

THIS IS WHAT THE PROPOSED EXPLORATION AREA ACTUALLY LOOKS LIKE IN THE WINTER


AND THIS IS WHAT IT ACTUALLY LOOKS LIKE IN THE SUMMER



HERE ARE A COUPLE SCREEN SHOTS FROM GOOGLE EARTH





AS YOU CAN SEE, THE AREA WHERE THEY ARE TALKING ABOUT DRILLING IS A BARREN WASTELAND.




OH… AND THEY SAY THAT THEY ARE CONCERNED ABOUT THE EFFECT ON THE LOCAL WILDLIFE…

HERE IS A PHOTO (SHOT DURING THE SUMMER) OF THE
'DEPLETED WILDLIFE' SITUATION CREATED BY DRILLING AROUND PRUDHOE BAY *…
DON'T YOU THINK THAT THE CARIBOU REALLY HATE THAT DRILLING?



HERE'S THAT SAME SPOT DURING THE WINTER.


HEY, THIS BEAR SEEMS TO REALLY HATE THE PIPELINE NEAR PRUDHOE BAY *…

*The Prudhoe bay area accounts for 17% of U.S. domestic oil production


NOW, WHY DO YOU THINK THAT THE DEMOCRATS ARE LYING ABOUT ANWR?

REMEMBER WHEN AL GORE SAID THAT
THE GOVERNMENT SHOULD WORK TO ARTIFICIALLY RAISE GAS PRICES
TO $5.00 A GALLON?

WELL…
AL GORE AND HIS FELLOW DEMOCRATS HAVE ALMOST REACHED THEIR GOAL!

Sorry photos didn't attach- quite interesting!

(in reply to Kokanee Killer)
Post #: 24
RE: duh....the white house finally admits.... - 7/5/2008 9:08:19 AM   
ROCKHARD


Posts: 789
Joined: 10/13/2007
Status: offline 		goby,,i been saying that,,BOTH PARTIES,not one pres., are flawed to the max,,i voted bush in 2000,, not in 2004,,, tired of both parties playing politics,,,and yes i know,been going on for 200 yrs,,but now its a matter of bad or worse,, this country will not hold together unless we have a major turnaround,,, we need a third party,i know he wont win,,but if he got enuff votes ,it would send message to washington,that the people of this great nation are tired of the B.S.

_____________________________

WHAT WE HAVE HERE IS A FAILURE TO COMMUNICATE,, SOME MEN YOU JUST CANT REACH

(in reply to jon_e_si)
Post #: 25
RE: duh....the white house finally admits.... - 7/5/2008 9:26:40 AM   
rapala11

 

Posts: 2028
Joined: 3/5/2006
Status: offline 		jon e, not sure what your article has to do with job loss.

btw, isn't this the same keith kohl who is an investment-type writer.  seems to me that his article would be a bit self-serving.  if he were to do his part in getting the anwr opened up, he could then get his clients to invest and they all make money.

btw again, i have no issues with the anwr or the gulf being opened to drilling as long as it is safely done.  my concern would be that even if these two opportunities did yield 200 years of crude, would we then finish destroying our planet in return for our way of life.

money should be spent in developing alternatives. 

_____________________________

01/20/09

silence means consent

..."Old men start wars...young men die in them."

(in reply to ROCKHARD)
Post #: 26
RE: duh....the white house finally admits.... - 7/5/2008 9:41:24 AM   
ROCKHARD


Posts: 789
Joined: 10/13/2007
Status: offline 		i dont think we would destroy our planet,,that industry is probably as safe as nuclear energy is ,as far as safety and ecology standards go, we never lost a drop in the gulf from katrina,,,,, i have seen reports where these capped wells arent being used ,thru out this country, because alltho much oil in them ,it is just nearly impossible to get to it,,they took the gravy load out,now stuck trying to get to whats remaining,,, these are the capped wells that the dems keep talking about, why dont we open them first,,well that is why,,, until we have alternative fuels,which most developers say at least 30 yrs away, we need to drill now, cant wait 30 yrs,,,, some say 7-10 yrs before the drilling produces oil,,, not really,,, we are hooked in with drilling co. that can drill 1,400 to 2,000 ft in 30 days,, take it from there,how far we need to go

_____________________________

WHAT WE HAVE HERE IS A FAILURE TO COMMUNICATE,, SOME MEN YOU JUST CANT REACH

(in reply to rapala11)
Post #: 27
RE: duh....the white house finally admits.... - 7/5/2008 9:48:32 AM   
rapala11

 

Posts: 2028
Joined: 3/5/2006
Status: offline 		i dont think we would destroy our planet,,

had a course in 1981 at ohio state university on green house gasses and their effects on the environment.  if you don't think that burning fossil fuels continuously has an adverse effect on our planet, then you are part of the problem.  it is real easy to see fossil fuel usage and affects real easy these days, look at what is happening in china.  one read will tell you that the continued use of this energy source in mighty dangerous, not only to us, but to the many future generations who will suffer because we chose not to take the problem serious.

those darn dems again....why do we need a third party system when every other post is about those danged libs and what they MIGHT do?    

_____________________________

01/20/09

silence means consent

..."Old men start wars...young men die in them."

(in reply to ROCKHARD)
Post #: 28
RE: duh....the white house finally admits.... - 7/5/2008 9:52:07 AM   
ROCKHARD