Archive for November 1st, 2007

Best. Blog. Ever.

Nov 01, 2007 in Librulz

If you’ve got extended family and if those family members have internet access then the chances that you’ve received a forwarded email from one of them decrying librulz for:

  • raising your taxes
  • turning your kids gay
  • turning your kids into terrorists
  • turning your kids into gay married terrorists
  • turning your kids into gay married Mexican terrorists
  • allowing humans to marry lawn mowers
  • teaching Satanism in elementary school
  • allowing terrorists to teach classes at your local elementary school
  • paving the way for the Soros/Rothschild/Bilderburg/UN one world government
  • controlling the media
  • facilitating the Islamic take-over of blah blah blah
  • etc etc etc etc etc

…is extremely high.
In a stroke of genius, Mike D’Asto has created a blog chocked full of every idiotic and insane forwarded email that has made it’s way through the Internets. It is aptly titled My Right-Wing Dad and it’s the funniest blog I’ve read in a very long time. When you’re there, be sure to check out the classic “18 Ways To Be A Good Liberal”. Check out number thirteen; “You have to believe that taxes are too low, but ATM fees are too high.” Oh SNAP!

-mg

Time to make other arrangements.

Nov 01, 2007 in Energy, Middle East

The outlook is pretty bleak for Saudi oil according to those that used to work for Aramco:

Sadad I. Al-Husseini, an oil consultant and former executive at Aramco, Saudi Arabia’s national oil company, gave a particularly chilling assessment of the world’s oil outlook. The major oil-producing nations, he said, are inflating their oil reserves by as much as 300 billion barrels. These amount to hypothetical reserves that are “not delineated, not accessible and not available for production.”

A lot of production in the Middle East is from mature reservoirs, and the giant fields of the Persian Gulf region, he said, are 41% depleted.

This is why Saudi Arabia peaked at around 9.4M barrels a day back in ’05 and they haven’t been able to get back to those levels since. I think right now they’ve dropped down to around 8.5M b/d. OPEC has been setting production quotas for it’s members based upon estimated reserves in the ground for many years and predictably, the Saudi princes began inflating their numbers so that they could buy Rolls Royce’s now and not have to wait until tomorrow. So who still thinks that their frequently stated reserves of 267 billion barrels is accurate?

No problem because when the oil runs out we’ll just run all of our cars on E85, right? Well, better start brainstorming because we’re going to need 330 million gallons of ethanol a day to meet demand. Right now we produce about 22 million and that’s with abundant fossil fuel inputs for diesel fuel, fertilizers, and processing.

-mg

Crooked appraisers.

Nov 01, 2007 in Housing Bubble

Any time you have a financial bubble burst it’s always followed by a slew of whistle-blower reports, investigations and subsequent arrests.  I’m guessing we’ll be seeing a lot more of this:

Andrew Cuomo, New York attorney-general, filed a lawsuit against First American, the home appraisal group, saying its eAppraiseIT subsidiary gave in to pressure from Washington Mutual, the largest savings and loan group in the US, to use a preferred list of appraisers who provided inflated values for homes.

Cue the “personal responsibility” trolls crowing about how those affected homeowners are as much to blame because they should have done their own investigations into whether or not their appraiser was on the take.

-mg

Wink wink, nudge nudge…

Nov 01, 2007 in Culture

I couldn’t resist.

Troubled star Owen Wilson is seeking solace from his recent suicide bid in Jessica Simpson…

Oh, I’m sure he finding all sorts of solace in her. Let’s hope she enjoys having him in her…nothing more tragic than a woman unsatisfied after love because some guy’s bawling into the pillow.

-jb

The worst is behind us! *repeat ad infinitum

Nov 01, 2007 in Economy

I guess runaway oil prices and flim-flam lending practices do affect the economy after all.  Quick!  Somebody notify the online devoted that there’s a malady that hasn’t yet been blamed on Bill Clinton.  The Real Sporer came close in our comments section once but like most of our Republican readers he jetted when it came down to providing any evidence for his claims.

-mg