Tuesday, February 05, 2013

My retirement jumped over 600 bucks this quarter ....

The boom will happen if the clowns in Washington would just leave the economy alone....Sounds like we have a good start because credit is being showered on me right now....And I'm borrowing!!

But speculation in the gasoline market will have to be curbed or all bets are off. I just know that the fat cats in Washington are in on this but cant find evidence yet......


Major changes from oil revolution - Washington Times

For Americans who came of age in an era marked by worries about scarce world oil supplies, dominant international oil cartels and unrest in the Middle East, the times are changing — quickly. Technologies bred in America are unlocking reserves of oil that for decades were considered out of reach. With oil production from shale rock, oil sands and deep-sea drilling booming in the U.S., Canada, Brazil and elsewhere, worries about Middle East-based oil cartels and vulnerable Persian Gulf supply lines are close to becoming things of the past. “Until recently, the U.S. was importing a significant chunk of its oil from the Middle East,” in particular, Saudi Arabia and Iraq, said Fatih Birol, chief economist at the International Energy Agency. “But we expect the U.S. will not need Middle East oil sometime soon. This has implications for international oil markets and beyond that.” Yet even as America’s energy resurgence enables the nation to dabble with the prospect of energy independence for the first time in a half-century and cast off a long-standing preoccupation with the oil cartel OPEC, China and other emerging titans are stepping to the fore with fast-rising energy demands that increasingly put them at the behest of OPEC’s producers. The combination is shaking up long-held assumptions about how U.S. political leaders should deal with the world’s most indispensable commodity.

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