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When a massive truck slams on the brakes to avoid a crash, it takes awhile for it to get back up to highway speed again. That, in essence, is the problem oil companies will face when they want to increase production if supplies start to fall short. The selloff in crude oil has put drilling on hold. Unless more drilling resumes soon, a surplus of 1 million barrels a day will be exhausted. John Hofmeister, a former president at Royal Dutch Shell , predicts that will happen by the summer and will send prices up to $80 a barrel. "When that cost correction...

AND NOW . . . amidst billowing clouds of fragrant, aromatic first- and second-hand premium cigar smoke. . . it is time for . . . that harmless, lovable little fuzz ball, the highly-trained broadcast specialist, having more fun than a human being should be allowed to have, from behind the golden EIB microphone, firmly ensconced in the prestigious Attila-the-Hun chair at the Limbaugh Institute of Advanced Conservative Studies, serving humanity simply by showing up, and he’s not retiring until every American agrees with him, do NOT doubt him, with shrieks of joy at the mere mention of his name...

Whenever the subject of drilling comes up, President Obama consistently discounts it as a way to lower oil prices...Instead, Obama has been touting an "all of the above" policy, which focuses less on what he calls the "fuel of the past" and more on things like alternative energy and improved efficiency. He will tout this approach again on Thursday at stops in Oklahoma and Ohio. But will those other efforts work any better than would aggressively pursuing more oil production?

....The evidence is mounting that not only do we have more than a century's worth of recoverable oil in the United States alone (even if there is a limit to the earth's oil supply), but that we also actually have a limitless supply of Texas tea because oil is in fact a renewable resource that is being constantly created deep under the earth's surface and which rises upward, where microscopic organisms that thrive in the intense pressure and heat miles below us interact with and alter it. In other words, we have an unending supply of oil, some of which...

Former Shell Oil President John Hofmeister predicted that the U.S. won’t have enough oil to fill gas tanks whatever the price and that high gas prices could lead to another recession, because people won’t be able to buy things. The host of “Washington Journal” asked Hofmeister if he agreed with the head of ExxonMobil, Rex Tillerson, that the U.S. won’t see $5 a gallon gas and that the rhetoric over Iran is responsible for driving up gas prices temporarily. “There’s a lot of views out there, and I’ve been articulating a $5 price.

Seems like after the crash yesterday the "Popular Keywords" all changed in the top right of the screen and were replaced with some that are completely bogus such as "tothemanorborn"???? I use this handy feature to quickly get to groups of tagged articles. Some of the missing ones that have been there for years are "palin" and "sarahpalin", santorum is new, and some of the others but a few old good ones like "banglist" are still there. Weird...

HOUSTON - A former Houston oil executive predicts drivers could be paying $5 for a gallon of gas by the end of the year, and says politicians in Washington D.C. are to blame. John Hofmeister is the retired president of Shell Oil. He currently runs the non-profit group Citizens for Affordable Energy. "It was actually December, 2010, when I predicted $5 gasoline by the end of 2012," said Hofmeister. "And, I said then, 'I hope I'm wrong.' My concern is I won't be wrong." Some energy price analysts have said Hofmeister's prediction is likely off by at least $1 --...

Some of the guys and I are presently at the camping lodge and we’ve got a problem that requires the help of a sensible woman. My brother-in-law managed to get something in his hair this morning, and he wanted to wash it out. I can’t tell you what that something was, because he’s refused to divulge that to us thus far (I suspect that he fabricated the “tainted hair” theory to save himself some embarrassment.) My brother-in-law believes that his wife has, at some point, told him that peanut butter is a useful household hair cleaner / conditioner. His wife...

...Deep within the Mod's underground lair: . We have a possible troll sighting in sector 5. Need confirmation. Insert initial greeting program. ...Sending. .... To: I_Luv_Ann_Coulter! Welcome to Free Republic. Posted on 07/28/2006 9:03:56 PM EDT by Bob ... No response yet, Jim. ... Proceed with Enhanced Engagement Mode. ...Sending. ... To: I_Luv_Ann_Coulter! You signed up today to post this? Posted on 07/28/2006 9:10:12 PM EDT by max . To: I_Luv_Ann_Coulter! Go back to DU! Posted on 07/28/2006 9:11:02 PM EDT by carol . To: carol DU?? I've never heard of a DU. What's a DU??? Posted on 07/28/2006 9:13:22...

Goes back to 2005, maybe earlier. I know all about stuning, beebers, showers, moose, sisters.....but is this one that I've missed??

HOBBS, N.M., April 18, 2011 /PRNewswire-USNewswire/ -- Former Senator Pete V. Domenici will be the key note speaker at the Uranium Fuel Cycle Conference, April 27 in Hobbs, N.M. The N.M. Center for Energy Policy, which is a division of New Mexico Tech, in partnership with the Economic Development Corporation of Lea County and New Mexico Junior College, is organizing the conference to bring together leaders in nuclear-related mining, energy and waste management. Domenici has long been considered one of the most consistent and forceful national advocates of the nuclear industry.

HOBBS, N.M. March 30, 2011 – The Uranium Fuel Cycle Conference has added a new special session to the event, scheduled for April 27-28 in Hobbs. “Japan and Nuclear Energy: What Went Wrong and Its Impact” will feature a policy impact presentation from an official from the Department of Energy.

BEGIN TRANSCRIPT RUSH: Snerdley, I'm still not sure I read that right. Obama is down in Miami, he's talking to the Cuban exile community, they hate the Castros, they despise the Castros, they want the Castros overthrown, they want their island nation back. They don't want the embargo lifted, and Obama is telling them that we need to have diplomatic relations with no preconditions with the Castros and he's still standing there? They have not run him out of the building? JOHNNY DONOVAN: Live from the Southern Command in sunny south Florida via New York City, it's Open Line Friday!...

The Talk Shows Sunday, June 20th, 2010 Guests to be interviewed today on major television talk shows: FOX NEWS SUNDAY (Fox Network): Defense Secretary Robert Gates; Senate Minority Leader Mitch McConnell, R-Ky. MEET THE PRESS (NBC): Gov. Haley Barbour, R-Miss.; Sen. Mary Landrieu, D-La.; Rep. Ed Markey, D-Mass.; Kenneth Feinberg, who will oversee BP's compensation fund to Gulf oil spill victims; former Shell Oil Co. President John Hofmeister. FACE THE NATION (CBS): Sens. Richard Shelby, R-Ala., Bill Nelson, D-Fla., and Barbara Boxer, D-Calif.; Rep. Joseph Cao, R-La. THIS WEEK (ABC): White House chief of staff Rahm Emanuel. STATE OF THE...

SINGAPORE (AP) -- Crude oil prices held steady just below US$60 a barrel on Wednesday after predictions of warmer weather in the United States sparked a big drop two days earlier. Market experts said prospects for rising demand could keep prices at current levels. Light, sweet crude for December delivery gained 5 cent to US$59.90 a barrel in electronic trading on the New York Mercantile Exchange. On Tuesday, the contract rose 9 cents to settle at $59.85 a barrel on the New York Mercantile Exchange, where a day earlier they had fallen nearly US$1.50 to a level about 15 percent...

U.S. activist Rev. Jesse Jackson on Tuesday said his organization will target top energy companies like Exxon Mobil Corp. and ConocoPhillips in a push to create more jobs for women and minorities in the industry. Jackson said members of his Rainbow PUSH Coalition plan to buy stock in 20 of the world's largest energy companies. As investors, the group will seek change by attending annual meetings, calling for talks with the companies' chief executives and pressing for fairness hearings at the state level. "We intend to inject ourselves into the struggle for fair access to energy," Jackson told a news...

HELENA, Montana (Reuters) - Montana's governor wants to solve America's rising energy costs using a technology discovered in Germany 80 years ago that converts coal into gasoline, diesel and aviation fuel. The Fischer-Tropsch technology, discovered by German researchers in 1923 and later used by the Nazis to convert coal into wartime fuels, was not economical as long as oil cost less than $30 a barrel. But with U.S. crude oil now hitting more than double that price, Gov. Brian Schweitzer's plan is getting more attention across the country and some analysts are taking him very seriously. Montana is "sitting on...

The Dead Zone by Jack Kinsella The Omega Letter is a daily journal of current events as viewed from the perspective of Bible prophecy and written as they occur.   We went online on October 14, 2001 and so our archives are something of a daily record of the 21st century. (I’m not trying to blow our horn, here. There is a point I want to make, so bear with me.) Over the years, we’ve published the OL day in and day out, from literally hundreds of locations both here and from abroad. In all that time, the Omega Letter Daily...

This week I am at a conference in Houston. I must confess that I don't attend many of the sessions at most conferences where I speak. But today, the guys at Streettalk Advisors have such a great lineup that I am there for every session. But it's Friday and I need to write. The solution? This week you get a "best of" letter. The best ideas I've heard and the best charts I've seen at this conference. Then we close with two short but very thoughtful essays from Charles Gave and Arthur Kroeber of GaveKal on "The Morality of Chinese...

NEW YORK - Oil prices bolted to a new record above $132 a barrel Wednesday after the government reported that supplies of crude oil and gasoline fell unexpectedly last week. And crude's rise in the futures market again pressured consumers by pulling prices at the pump higher — a gallon of regular gas rose overnight to a new record above $3.80 a gallon. With gas and oil prices setting new records on a daily basis, many analysts are beginning to wonder whether anything can stop runaway prices. There are technical signals in the futures market, including price differences between near-term...