Blue Chip, White Cotton: What Underwear Says About the Economy - washingtonpost.com

No recovery here...maybe next year!

Blue Chip, White Cotton: What Underwear Says About the Economy - washingtonpost.com: "Blue Chip, White Cotton: What Underwear Says About the Economy"

Why Do the Poor Stay Poor? - HUMAN EVENTS

Private property is a great concept!

Why Do the Poor Stay Poor? - HUMAN EVENTS: "Why Do the Poor Stay Poor?"

RIGZONE - The Role Of Natural Gas Grows Despite Economics

This is a great postthat reviews the dynamics of the U.S. natural gas industry. What is been coined as U.S. unconventional resources will be the new "normal". In fact the new normal is here to stay, both in the U.S. and abroad.
Oh yeah, and I love charts!

RIGZONE - The Role Of Natural Gas Grows Despite Economics: "The Role Of Natural Gas Grows Despite Economics"

Opinion & Commentary - Wall Street Journal - WSJ.com

The obligatory death of liberalism....this obit is likely to be a bit premature.

Opinion & Commentary - Wall Street Journal - WSJ.com: "Liberalism: An Autopsy"

Delek Tamar Gas Field Offshore Israel

This is a real gamechanger for Israel and the energy balance in the Middle East. Put Noble Energy on your watchlist.....there are still a number of hurdles to overcome before this discovery is placed online!

More than 100 years of Reserves for Israel at Leviathan Offshore Energy Today: "More than 100 years of Reserves for Israel at LeviathanPosted on Jun 4th, 2010 with tags $100, Israel:, Leviathan, More, News, Reserves, years.

There are more than 100 years of reserves for Israel at Leviathan.
“Today is a holiday for every citizen of Israel. It’s a day of joy,” Delek Group Ltd. (TASE: DLEKG) controlling shareholder Yitzhak Tshuva said at a conference of Delek subsidiary Israel Phoenix Assurance Ltd., referring to the results of the 2D and 3D seismic surveys of the offshore Leviathan structure.
Tshuva went on to say, “The results indicate that in addition to the gas, there are signs of oil at a greater depth. We have turned Israel into a great energy power.”
Tshuva said, “Israel is energy independent. The results of the survey are very important; they are above and beyond. They mean that the future potential of Leviathan is more than double the Tamar discovery.”
Tshuva added, “There are more than 100 years of reserves for Israel at Leviathan. Far more than the gas found before. Israel is completely energy independent. Thanks to the discovery, Israel will become a player in the global energy market, and will supply energy to many other countries.” He said that the Israel will become a gas exporter.
Tshuva said that the Leviathan gas discovery was a national event. “The results will strengthen Israel’s economy and guarantee its soundness. In today’s hard times, Israel needs strengthening against the world.”"

Weekly Gas Storage

Here we go...the start of the gas withdrawal season.

We're still above the 5 year average of 3,467 BCF at 3,814 BCF.

My guess is that we are a long way from a TCF in storage with the fervor of activity in the Eagleford, Haynesville, and Fayetteville shales. No droppoff of activity here even with oil trading at 20x the gas price.

Climate Change....Not

I have always felt that the cartoon film Inconvenient Truth was overall bad science. Real scientist don't rely on polling data to prove their hypothesis, nor do they rely on political affiliation to back their claim.

Climate models have a pretty poor batting average. Now we find out that the IPCC scientists have omitted and manipulated data that did not support anthropogenic theory, and have conspired to delete data from the public under the Freedom of Information laws. The recently hacked emails show that when faced with legitimate freedom of information requests, the global warming alarmists preferred to delete those emails about the IPCC report, which is the primary basis for the alleged consensus supporting anthropogenic global warming.

see http://www.climatedepot.com/ for more.

Jett