What are some of your thoughts on improving the economy???

[TexTushHog]

Originally Posted by cptjohnstone

I am in the meat business and I called a guy in Shamrock TX to see if he would cut some bones for me. He said he could not because everybody is the "all" business and cannot find anybody to work for him

So drill baby drill

I think I pointed that early TTH, our UE here in OK is less than 6%!!!!!!

Oil is already too low. I saw it was $85/bbl today. Natural gas is barely $4/mcf. It's hard for me to retire on those prices. I want oil back toward $125 and gas back over $7.

And here in East Texas, they are drilling everything that economical and $85/$4 right now. The same is true everywhere except the real deep stuff in the gulf. And that's cranking back up despite the fact that they've made no regulatory changes that will prevent another BP spill.

Hell, I know some of the lawyers in the BP spill litigation and it's getting cranked up. Last I heard trial was set in Spring of 2012 (maybe) although I don't know how firm that is. It's not even clear what went wrong, much less how to craft a regulatory response. It's clear that the cementing job wasn't quite right, but there is deep division as to why although it is almost certainly multifactoral. But some of the various causes are not at all adequately addressed yet. And it won't be clear until after the dust on the litigation settles. The real regulatory response will come then, I suspect.

[LexusLover]

Originally Posted by TexTushHog

It's not even clear what went wrong, much less how to craft a regulatory response. It's clear that the cementing job wasn't quite right, but there is deep division as to why although it is almost certainly multifactoral. But some of the various causes are not at all adequately addressed yet. And it won't be clear until after the dust on the litigation settles. The real regulatory response will come then, I suspect.

Rather than talk to "the lawyers" you might want to talk to some BP workers. It's fairly clear to them; which is why some of them have since been asked to resign.

BTW: Where is that $120 billion reparation fund promised by Obbie?

[CuteOldGuy]

Originally Posted by TexTushHog

Oil is already too low. I saw it was $85/bbl today. Natural gas is barely $4/mcf. It's hard for me to retire on those prices. I want oil back toward $125 and gas back over $7.

So it is better for you if we all pay $4.00 per gallon of gas so you can retire comfortably. No wonder you support Obama, you're one of the greedy ones. Now I understand.

[I B Hankering]

Originally Posted by CuteOldGuy

So it is better for you if we all pay $4.00 per gallon of gas so you can retire comfortably. No wonder you support Obama, you're one of the greedy ones. Now I understand.

+1
Tax the poor with inflation, then tax the rich to offset the poor's suffering - then move away. TTH has it all figured out.

[TexTushHog]

Originally Posted by CuteOldGuy

So it is better for you if we all pay $4.00 per gallon of gas so you can retire comfortably. No wonder you support Obama, you're one of the greedy ones. Now I understand.

For my finances, you bet. And lots of other folks who have royalty income. But given the choice, I'd rather natural gas go back to $14 than oil go to $150. I've got more gas royalty income than oil. But probably 25% of the households where I live have royalty income of some kind, especially natural gas.

And frankly, the country would be better off in the long run if oil were at $150/bbl. But that's another debate for another day. It won't go back to that price level until either the economy improves or there is some supply disruption.

Originally Posted by LexusLover

Rather than talk to "the lawyers" you might want to talk to some BP workers. It's fairly clear to them; which is why some of them have since been asked to resign.

BTW: Where is that $120 billion reparation fund promised by Obbie?

Who do you think that the lawyers are deposing and putting on the witness stand in the trial? And I don't think it's at all clear who is responsible. Just based on what I read on the Department of Interior report, my guess is liability will be split four way between BP, Halliburton, Transocean, and maybe Cameron. I don't know if there are any contractual indemnity agreements between BP and Transocean, but that might effect the final allocation of responsibility.

[LexusLover]

Originally Posted by TexTushHog

Who do you think that the lawyers are deposing and putting on the witness stand in the trial?

Well, I have not seen any witness lists, but I am aware of some who have not been deposed and are not being put "on the witness stand in the trial."

[TexTushHog]

Then my guess would be that none of the companies involved deemed them relevant to the ultimate question or that any facts that they could provide are covered by other witnesses or are stipulated to.

[Texas Contrarian]

If an independent candidate wanted to bust the gridlock and appeal to the center, he might say something like this:

http://www.washingtonpost.com/opinio...8wK_story.html

Although I don't agree with every point, this guy certainly does offer some food for thought.