Thanks for the link. I've always admired Canadian non-violence
and the fact that you chose Hockey and LaCrosse as national sports to emphasize that commitment... ;)
Is decapitation infectious?
Here's another "cut and run" story:
Quote:
Gruesome crime shocks Greek isle
By Malcolm Brabant
BBC News, Athens
Police on the Greek island of Santorini have shot and injured a knifeman who decapitated his girlfriend and walked around the streets with her head.
Santorini--Hmmmm. Wasn't Stan there recently?
More Interesting News - Not Just For The USA....
Quote:
Natural-Gas Prices May Fall Next Year On Supply Surge
Dated: August 4, 2008
Cassandra Sweet, The Wall Street Journal
U.S. natural-gas prices could be in for a fall next year, when additional output from elsewhere in the world should enter the market.
Overseas production of gas that is supercooled into liquid form for ocean transport is set to increase by about one-third, to more than 11 trillion cubic feet by the end of next year, according to Waterborne Energy Inc., a Houston research firm that tracks the world-wide liquefied-natural-gas business. The U.S. sees LNG imports in 2009 surpassing last year's record levels.
"There is a huge bubble of LNG about to hit the market," said Waterborne President Steven Johnson.
Link to article
Now, apart from the effects on heating prices in much of the US, it also means that production (new drilling) is really paying off. That has some political ramifications here in the US, but's that's the really tiny part of the story.
The real story is that much of the production increase (and we're talking large increases here) is from places like the United States, Qatar, Indonesia, Nigeria, Russia, and even Yemen.
The reason this is important is that we are looking at a major supply "bubble" in LNG (Liquefied Natural Gas) supply over the next few years, so anybody (read: Russia) who was hoping to capitalize on constrained LNG supply is seeing those hopes evaporate before their eyes - not going to happen. Looks to be almost the opposite.
Russia's oil production looks to be almost stagnant, and internal politics aren't making future production increases likely.
Quote:
Russia’s Bubbling Oil Troubles
Exacerbating the high oil prices are production problems in Russia, the world’s second largest oil exporter. Aging oil fields and a lack of infrastructure investment has led to the country’s first annual production decline in 10 years. Output fell 0.9% to 9.76 million barrels a day in the first five months 2008, Bloomberg reported.
Link to article
What Russia has been doing is investing money and production resources into producing natural gas, because the payoff is faster than for increasing oil production. Oil takes longer and costs more to produce. But their increased production is coming into a market which is starting to look like a production glut, and the Russians are going to need the money, particularly with all their foreign adventures they are starting to get back into.
But for the USA, this natural gas "bubble" has the potential to be great news on several different fronts. We generate a fair percentage of our electricity supply (particularly in CA) from natural gas, and most Midwestern heating is natural gas, so stable prices would be a good thing compared to what the providers were projecting at the end of 2007 (massive increases).
Overall - Good News.