Simmons is fond of quoting oil in price per cup. He uses 15 cents per cup to show how cheap it is compared to anything else of any value. He must not have checked out agricultural commodities. A pound of corn which is more than a cup sells for about six cents locally. How is it that as oil prices rise to $300 that agricultural commodities can remain priced so cheaply? If they do, ethanol/biodiesel production will continue to expand.

Critics of oil sands, ethanol, biodiesel often complain that these are not a cure all as promoted by some advocates. It is not necessary to have a cure all, silver bullet type solution in the early stages of post peak oil where the decline rate is relatively small. Some conservation brought by higher prices (finally) and increased production of tar sands, ethanol and biodiesel will partially mitigate peak oil effects initially. I think that is what is happening now in that gasoline prices are slow to follow crude oil's lead to new highs.

No. It will come like a thunderbolt.

Or thermonuclear cloud.

See Missing Nukes: Treason of the Highest Order

By Mahdi Darius Nazemroaya

11/02/07 "Global Research"

Every oil discovery/production watershed has been acompanied
by a Major SocioEconomic Event.

Every one.

We are now moving off the plateau and ito the Olduvai
Gorge.

Two Events are happening now:

1) Fallon was in Pakistan Friday.

"According to an Inter Services Public Relations statement, Admiral Fallon also called on Vice Chief of Army Staff General Ashfaq Kayani at General Headquarters and Chairman Joint Chiefs of Staff Committee General Tariq Majid at Joint Staff Headquarters, Rawalpindi, and discussed matters of professional and mutual interest with them.

It was the first interaction of the US Centcom chief with the two top military officers of Pakistan after their elevation. Though officially there was no word about the details of the talks, defence sources said that terrorism, Waziristan and the Swat situation and increasing suicide attacks on security forces were part of the discussions. online/staff report"

http://www.dailytimes.com.pk/default.asp?page=2007\11\03\story_3-11-2007_pg1_9

The last factual story you'll be getting from Pakistan for awhile.

"“The situation in Pakistan’s Tribal Areas, Afghanistan, the ongoing operation in Swat, joint military exercises and other issues of professional interest were discussed in the meeting,” Sajjad Malik reported diplomatic and government sources as saying.

The president said the operation against extremist elements in Swat was continuing and peace would soon established there.

Fallon lauded Pakistan’s efforts in the elimination of terror and said that the US would continue to provide assistance to Pakistan."

2) I said that Mexico's oil production had essentially
stopped US Exports.

Confirmation:

""The storms have forced the closure of three of Mexico's main oil ports, preventing almost all exports and halting a fifth of the country's oil production. It has a strong economic impact" Calderon said in an interview.

The storm did not spare the Bay of Campeche, Mexico's main oil producing region and home to more than 100 oil platforms.

Overall, the region normally exports about 1.7 million barrels of crude daily. Since, most of the production remains shut down, it would mean that Mexico's output would drop by 2.6 million barrels a day."

http://www.allheadlinenews.com/articles/7009043379

It will not come back.

Citigroup on Monday will announce that it's insolvent.

From elaine supkis. This Great Dame rocks:

Schumer And Feinstein Betray Constitution And Voters

November 3, 2007

Elaine Meinel Supkis

Thanks to Hitler and 2,000 years of persecution of the Jews by the two other religions they gave birth to, we can't talk reasonably about the Jewish people. I was Mrs. Levy for many years plus I come from, on my father's side, a German/Jewish background. Hitler would have killed me if he could. So I have a right to talk about the Jewish situation in the United States. The sudden reversal over the Jewish Attorney General nominee by two Jewish Senators, Feinstein and Schumer, shows clearly how Jews in our governemnt are sticking together even in the teeth of severe disapproval of the voters at large in their own states over any issue concerning power of Princes.

Hell's Gates open .

Arkansaw of Samuel L Clemens