Monday :: Dec 27, 2004

Who Needs A Weatherman To Know Which Way The Wind Blows?

by pessimist

There has been much commentary about the miscalculations the Bu$h (mis)Administration made in planning the takeover of the Iraqi oil supply, such as forgetting to tell the Iraqi people that it is traditional to greet conquerers with thrown roses. But after reading these two pieces, I think that reality is not an option when it comes to making plans for world conquest.

Bitter cold hits central U.S. states

Cold air produced frigid temperatures in the nation's midsection Friday, while snow and rain fell in the East and dry weather dominated the West. Subzero temperatures prevailed in the central and northern Plains, Midwest and western Great Lakes, while a warm front produced light snow in the Northern Plains.

But in the Bu$hCo Oval Office and the boardrooms of Bu$hCo's supporters:

Oil Falls More Than $2 on Forecasts of Milder U.S. Weather

Temperatures in the eastern U.S. will be above normal from Jan. 1 to Jan. 5, the National Weather Service said.

In the period Dec. 28 through Jan. 3, heating demand in the U.S. Northeast will be 21 percent below normal, forecaster Weather Derivatives Inc. of Belton, Missouri, said. "It looks like things will be warming up with temperatures in the 50's by the New Year's holiday. It's become clear that the price was well overdone in late October," said Michael Fitzpatrick, vice president of energy risk management at Fimat USA in New York.

Prices have surged 38 percent this year. Crude oil plunged more than $2 a barrel in New York amid speculation that warmer-than-normal weather in the eastern half of the U.S. will bolster fuel inventories. The Northeast consumes about 80 percent of U.S. home heating oil.

Sell Bu$hCo - short.

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pessimist :: 8:38 AM :: Comments (22) :: Digg It!