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Qaddafi on display in shopping center freezer
Today's Headlines
Headline Comments [Views]
Page 3: Non-WoT
3 00:00 Dale [11134]
0 [11132]
5 00:00 JosephMendiola [11141]
Europe
Statoil confirms massive North Sea oil find
h/t Gates of Vienna
Norwegian energy giant Statoil confirmed Friday that a large new oil discovery in the North Sea announced earlier this year is twice as big as previously thought.

The giant Aldous Major South field is estimated to contain between 900 million and 1.5 billion barrels of recoverable oil equivalent (boe), or double the 400 to 800 million boe previously announced, Statoil said.
Continued on Page 47
Posted by: g(r)omgoru || 10/22/2011 04:15 || Comments || Link || [11134 views] Top|| File under:

#1  Nonsense! We all know Peak Oil™ was reached 10 20 25 whenever years ago.
Posted by: Barbara || 10/22/2011 8:54 Comments || Top||

#2  That's money in the bank. Boy those fossil things are everywhere. I wonder what fossils were on Titan to produce so much oil. I am a long time believer that oil is a renewable natural resource(abiotic bacterial conversion). Not a fossil fuel. Norway is also helping Brazil develop their massive find. Brazil is even talking about and undersea city to work the trillions of barrels they have off their coast.

Posted by: Dale || 10/22/2011 9:14 Comments || Top||

#3  Saudi known reserves have only increased according to their estimates. Even after all these years of production. I am not inclined to believe them however.
Posted by: Dale || 10/22/2011 9:17 Comments || Top||


German business confidence falls further
h/t Gates of Vienna
An economic survey has found that German business confidence has fallen for the fourth month in a row. The drop came after Germany lowered its growth forecast for 2012 amid the escalating eurozone debt crisis.
Continued on Page 47
Posted by: g(r)omgoru || 10/22/2011 04:05 || Comments || Link || [11132 views] Top|| File under:


Cash-strapped Greece turns to God for help
As with any disaster, humans regularly turn to God for help and it seems the Greek government is no different

The Greek Orthodox church – Greece's second largest landowner after the government – has come under fire for not paying enough in taxes on its assets.

One group to join the protests in Athens against austerity measures is Make the Church Pay. Its members are fed-up with the inadequacy of the church administration to support their country in its hour of need. A similar Facebook group – Tax the Church – has 100,000 supporters.

"They simply don't pay. They are so rich, and yet their contribution is minimal," says Theodora, one of the protesters.
Continued on Page 47
Posted by: tipper || 10/22/2011 03:58 || Comments || Link || [11141 views] Top|| File under:

#1  20-50% write off for Greek bond holders. Soon to to happen. Italy is not far behind. Market is enjoying a false hope of recovery. What has been fixed?. When the shoe falls our Fed will ride in to rescue. Tremendous pressure on Ben to have things look good at election time. He has to hold out as long as possible to make this work at the right time. Each fix doesn't last as long as the previous one. In election times, business always drops for most in business, in my opinion.
Posted by: Dale || 10/22/2011 9:33 Comments || Top||

#2  FT Says "EU looks at 60% haircuts for Greek debt"
Posted by: Bright Pebbles || 10/22/2011 10:03 Comments || Top||

#3  BP have a look at who the bond holders are:

http://www.businessinsider.com/the-20-parties-most-exposed-to-a-greek-default-2011-6?op=1

EU is going to shoot themselves in the foot.
Posted by: Dale || 10/22/2011 10:20 Comments || Top||

#4  It's starting to become clear now. Why did Buffett put all that money into BOA. I understand that BOA has shifted exposure to the banking side. So bailout will occur there first 20-60%.

Bank of America Lynch[ing this] CountryWide's Equity Is Likely Worthess and It Will Rape FDIC Insured Accounts Going Bust
Source: | 22 Oct 2011 | 4:50 am PST

Get this, the derivatives people get first crack at FDIC money. Buffett is big in derivatives. Look, I'm just an average guy but this stinks. The dealer is looking out for the house.
Posted by: Dale || 10/22/2011 10:50 Comments || Top||

#5  More Mosques in France than Churches - the bulk of the NATO-EU has already been [legally]outflanked.

With "EYES WIDE OPEN".

ISLAM = RADICAL ISLAM? IS AT THE CHANNEL, + THE ROYAL NAVY ISN'T BIG ENOUGH OR STRONG ENOUGH ANYMORE TO EFFEC STOP THEM FROM CROSSING OVER, espec vee the Chunnel???
Posted by: JosephMendiola || 10/22/2011 22:15 Comments || Top||



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Two weeks of WOT
Sat 2011-10-22
  Qaddafi on display in shopping center freezer
Fri 2011-10-21
  Libyan fighters hoist govt flag above captured Sirte
Thu 2011-10-20
  Qadaffy titzup
Wed 2011-10-19
  Libyans push into Qaddafi hometown from east
Tue 2011-10-18
  Shalit reunited with family, Paleo prisoners freed
Mon 2011-10-17
  Mexican Army rescues 61 kidnap victims, seizes drugs
Sun 2011-10-16
  US missiles kill six in South Waziristan
Sat 2011-10-15
  Son of the spiritual head of the Egyptian Islamic Group killed in Afghanistan
Fri 2011-10-14
  10 militants killed in drone attacks
Thu 2011-10-13
  Haqqani big shot confirmed killed in Pakistan
Wed 2011-10-12
  Underwear bomber pleads guilty to all counts
Tue 2011-10-11
  Breaking: Feds Thwart Iran-Tied Terror Plot Against Saudi, Israeli Targets in D.C.
Mon 2011-10-10
  Syria warns countries not to recognize opposition
Sun 2011-10-09
  Yemen president says ready to quit within days
Sat 2011-10-08
  Mexican security forces find 46 dead in Veracruz


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