Thursday, May 29, 2008
Balsam Camellia Flowered Mixed Colors
Bean Scarlet Runner
Beet Detriot Dark Red
Broccoli Early Dvidend Hybrid
Garden Bean Royal Burgundy
Garden Bean Tendergold
Garden Bean Romano
Garden Bean Cherokee Wax
Garden Bean Improved Tendergreen
Garden Bean Kentucky Wonder
Pea Early Perfection
Pea Dwarf Grey Sugar
I will vacuum them and store them in refrigerator.
Sunday, May 25, 2008
There is a spike in News Reference Volume of "Peak Oil" in last 30 days
US consumer 25% of global oil and it is at #3 in Google Trend Region
Wednesday, May 21, 2008
Tuesday, May 20, 2008
Oil Prices Set Another Record, Closing Above $129
U.S. light, sweet crude futures closed at $129.07 a barrel on the Nymex.
Monday, May 19, 2008
Amazon to open new facility in Hazelton, Pa., creating 1,100 jobs
Nymex-traded oil finished Monday at yet another record high, hitting $127.05, after a seesaw trading session that saw crude prices hit alternately by profit-taking and supply concerns.
OPEC President Chakib Khelil reiterated recent comments from the cartel that despite record prices, oil markets were well supplied and blamed high prices on speculation, a weak dollar and geopolitical problems.
Qatar oil minister Abdullah al-Attiyah also insisted there was no need to boost oil supplies to global markets. "The market doesn't need more oil," he said, pointing to a cut in forecast oil demand growth by the International Energy Agency.
Friday, May 16, 2008
CNBC says Oil Prices Finish at Record Above $126 a Barrel
Oil prices shot to new highs again Friday as traders, unimpressed by U.S. and Saudi efforts to boost supply, kept buying on the belief that prices had more room to rise. Light, sweet crude for June delivery jumped $2.17 to settle at record close of $126.29 on the New York Mercantile Exchange. Earlier in the session, prices surged to $127.82 a barrel, also a new high. It was the eighth time in the past 10 sessions traders rewrote the record books, and the first time prices topped $127 a barrel.
Investors shrugged off news from Saudi Arabia's oil minister, Ali Naimi, that the country increased its production by 300,000 barrels a day last week in response to requests from customers. The market also had little reaction to the Energy Department's announcement said it would cancel shipments into the Strategic Petroleum Reserve for six months beginning July 1.
Oil industry observers questioned whether either move would have a significant effect on soaring energy prices.
"It's ridiculous because I don't think this is going to bring the price down," said Phil Flynn, an analyst at Alaron Trading, of the Energy Department's move.
Sunday, May 11, 2008
Robert could not foresee the following factors:
not-for-profit organization committed to reducing America's
dependence on oil and improving U.S. energy security in order
to bolster our national security and strengthen the economy.
This report gives an overview of the broad economic effects of
a scenario in which oil prices surge to $120 a barrel due to
coordinated terrorist attacks on global oil transportation
infrastructure. It is not intended to be an exhaustive analysis.
This scenario was the basis for a simulation exercise conducted
by Securing America's Future Energy (SAFE) at the World Economic
Forum Annual Meeting 2006 in Davos, Switzerland.
terrorist attacks on oil facilities, the world's oil bill would be about 8% of
world GDP (even assuming some reduction in the quantity of oil demand) - higher than
at any time in modern history. Such oil prices would almost certainly precipitate
a global recession. In addition to negative demand effects, there would be large
negative supply side effects, policy effects, and confidence effects. Meanwhile
financial markets would likely judge these attacks on global energy supplies more
seriously than Iraq's 1990 invasion of Kuwait of the 9/11 attacks, because of
their continuing disruptive effects. Stock market valuations would likely fall
more than they did after the Kuwait invasion or after 9/11. Given the negative
confidence effects and negative supply effects,the global recession would likely be
Saturday, May 10, 2008
40 in. X 25 ft Garden Fence
Cable Ties (500)
Last week I had a bad experience of freshly sprouted chili pepper plants nibbled by birds. The birds also pecked the soil in the pot. They must be looking for worms. I had to do something to prevent future mishaps like this one.
I went to the local hardware stores "Home Depot" and Lowe's today and bought a bunch of stuff to give some protection to my plants from birds:
Code Item Cost(US$)
215893 1-1/2"X1 - 1/2"-1FT (14GA) 15.88
Code Item Cost
030699182206 Zinc Plated Slotted Angle 3' 31.92
099713032064 40 in. X 25 ft Garden Fence 8.88
728494139302 Cable Ties (500) 6.97
030699032211 5/16 1" Bolts (3/pack) 3.92
030699075546 5/16 Hex Nuts 3.38
030699076642 5/16 Washers 3.60
Total Before Taxes $74.55
I prefer metal slotted angles for frames:
(1) Results in a sturdy structure
(2) Faster to assemble and disassemble
(3) Metal is a good investment against
a falling US$
Cons: High initial cost
Friday, May 9, 2008
Commodity prices surge: U.S. light crude oil for June delivery settled at a record $125.96 on the New York Mercantile Exchange, after hitting a trading record of $126.20 per barrel earlier.
The national average price for a gallon of regular unleaded gas rose to a record $3.671 from $3.645 the previous day, according to AAA.
Thursday, May 8, 2008
I bought two of these ladders from Costco today.
The cost of ladder is $200.
Why buy Ladder?
(1) They are useful tool around home, workshop
(2) The cost of aluminum commodity has gone up in last several years and it will continue to go up in near future. Aloca (AA) last quarter was not that good as they lost their margins on higher price of aluminum. US$ will continue to get weaker and it is better to invest in hard assets than keeping US$ in bank. The spot price of Aluminum today is 1.3/lbs Just the aluminum in these ladders is worth $40
(3) I will debit $400 from anticipated stimulus check
* Meets or exceeds all of OSHA & ANSI standards
* Heavy-duty construction
* Slip-resistant rubber feet
* 1.12" square rungs for better foot comfort and more stability
* Folds to a compact size for storage and portability
* Maximum capacity: 300 lbs.
* Extension Height: 15'
* Storage height: 4’ 7”
* Step ladder height: 4' – 7’
* Scaffold height 4'
* Weight: 31 lbs.
U.S. crude oil futures ended at a record high on Thursday, fueled by yet another rally in
heating oil futures, which hit a new peak.
On the New York Mercantile Exchange, June crude
settled up 16 cents, or 0.13 percent, at $123.69 a barrel. It traded from $121.58 to $123.90 in regular floor trading hours.
"The heating oil price strength is providing evidence of a global tightening in gasoil/diesel supplies that hasn't been fully priced into the market," said Jim Ritterbusch, president
of Ritterbusch & Associates in Galena, Illinois.
World oil markets have enough supply now, but OPEC is willing to pump more if needed to keep pace with demand, Abdullah al-Badri, the group's secretary-general, said in a
statement on Thursday.
OPEC exports, excluding Angola and Ecuador, will rise 220,000 barrels per day in the four weeks to May 24 on Asian demand and a recovery in Nigerian supplies after a strike that crippled output, said Roy Mason, an analyst at British consultancy Oil Movements.
Saudi Arabia has booked eight supertankers to carry 16 million barrels of crude to the United States through May and early June, the highest number of spot cargoes this year,
according to a shipping industry source.
I will have a new post every time Crude hits a new high.
Retail gas prices soar to fresh record
With nationwide prices at an all-time high of $3.645 a gallon, drivers now pay 20% more than they did last year.
NEW YORK (CNNMoney.com) -- Retail gasoline prices have jumped to new record high, auto group AAA's Web site showed Thursday. The national average price for a gallon of regular unleaded gasoline rose to $3.645, surpassing the previous record set May 1. Gas prices have been marching steadily higher since the start of the year. Drivers now pay 20% more than they did a year ago, when a gallon of gas cost on average $3.034. The price of gas has been pushed up by record high crude prices. Crude futures closed at an all-time settlement high of $123.53 a barrel Wednesday