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In response to the article below:

I think, especially with growth in China and other countries, that demand for oil has surpassed supply by the oil companies.  This eventually affects people who get gas at the pump.  But if we try to change all these ordinances and policies just to keep the price of gas down, then we are just avoiding the inevitable.  The Truth that we must all face, that natural resources should no longer be relied on for our energy needs.  The only way that we would consider alternative energies is if we were forced to.  If refined oil starts costing us $6.00 a gallon at the pump, I think we’d all consider buying a Toyota Prius.  If that’s not your fancy, then maybe one of those new Hybrid Escalades would do.  I think it’s time to stop bitching and face the cold hard truth.  It’s about time we start changing our lifestyles.  I am one to speak, since I own a gas guzzling SUV, but I also take the bus everyday, so I only fillup 2-3 times a month at most.  I take the bus, and sometimes its a hybrid bus (neato), to work and it not only decreases oil demand, but it also saves me money and time each day.  I’ll get off the soap box now, its getting slippery up here.

Any thoughts?

CNN article:

“The market is starting to send a signal: You got to get your alternative in line,” said Robert Kaufmann, director of Boston University’s Center for Energy and Environmental Studies. “Societies that ignore this kind of signal do so at their own peril.”

Kaufmann isn’t promoting the so-called “peak oil” theory – he doesn’t think the world is quickly running out of oil.

The problem, he says, is new discoveries of crude in non-OPEC areas like the United States, the North Sea, and Russia have not kept pace with the oil being removed from those places. OPEC, which holds two thirds of the world’s crude oil reserves, has seen no drop in global demand despite $120 oil and has little incentive to increase output.

It’s this supply problem that prompted analysts at Goldman Sachs to reaffirm their prediction of a so-called “super spike” in oil prices – which could usher in $200-a-barrel crude in the next 6 to 24 months.

“We believe the current energy crisis may be coming to a head, as a lack of adequate supply growth is becoming apparent,” Goldman analysts wrote in a research note Tuesday.

That’s the supply side of the equation. The demand side is a familiar story – developing regions like China, India and the Middle East are using more and more oil. It’s not that this wasn’t known last year – when oil was half as expensive as it is now – it’s just that the world is moving closer to that tipping point where demand will exceed supply.

‘It’s a finite resource,” said Brian Hicks, co-manager of the Global Resources Fund at U.S. Global Investors, a San Antonio-based mutual fund. “The rest of the world wants to live like we do, and there aren’t enough resources to keep everyone happy.”

It’s become popular to blame speculators – which would include mutual funds, pension funds, some banks, and anyone else who doesn’t ultimately take delivery of a barrel of oil – for the run up in price. Congressman have recently spoken of an “orgy of speculation” in the commodities markets, and have held hearings into the matter.

But most analysts say investors are simply looking at these underlying supply and demand trends and buying oil because they see it going up on its own accord.

After all, they can’t really be influencing the price of crude, the argument goes, as they generally don’t take delivery of the oil and must sell whatever contracts they have at the end of each month. Ultimately, they don’t take any oil off the market.

“Nobody at Goldman Sachs wants to see a fuel truck pull up and say “Ok, here’s your 60,000 gallons of gasoline,’” said Michael Cosgrove, president of the commodities brokerage Amerex Brokers, which handles transactions for both banks and end users of oil like refineries. “Ultimately, it’s the consumer.”

Which is one reason why $120 oil is necessary – to limit demand in a supply-constrained world.

okay – i sold my tv a couple weeks ago. and… i got a new one!!!

“In a world of consumers, my material possessions have consumed me.”

per the PSX Extreme website:

Resistance 2 Official! 60 Players Online!

  Just as I had predicted, the flow of Resistance 2 revelations was bound to arrive shortly after it was discovered that Sony had registered the title as a trademark. Last week, blogger Surfer Girl leaked an early development screenshot that showed a barren, textureless environment from Resistance 2. Now, it’s all become official and Resistance 2 is finally real.

   In the February issue of Game Informer, which is hitting shelves and subscribers now, Insomniac exclusively reveals their game with plenty of screenshots to boot. The most notable features that Insomniac has revealed are bound to make Resistance 2 one of the best, if not the best, multiplayer first-person shooters of all time. And those two traits are: 8-player co-operative campaign gameplay, and 60-man multiplayer matches!

   You are reading that correctly, there are no typos there: that’s 60 players simultaneously in one environment. That’s 20 more than what the original had! Most FPS titles don’t even offer 20 to begin with, and yet, Resistance 2′s multiplayer capacity has been bumped by that much. Stay posted, because we will do our best to bring you more Resistance 2 details and media.

wholly nutsacks batman! 60 players?! and 8 co-op players!

If any of you have the ps3 Rock Band guitar and is having either problems strumming up or down OR if you want a faster response when you strum, here’s a youtube link to help ya out:

http://youtube.com/watch?v=3fypJNFsK4E

it works, trust me.

From an article at CNN.com:

“Samsung brought out 3-D-capable rear-projection sets last year. At CES, it announced plasma sets with the same capability.  There aren’t many movies available in 3-D, but many video games can be played in 3-D. Texas Instruments Inc., which makes the core components of many rear-projection sets, introduced another technology at the show that uses the same elements to help gamers out: DualView.

In essence, two gamers wearing shutter-equipped glasses will be able look at the same screen but see different images. That means the screen doesn’t have to be divided down the middle for two-player gaming. That should prevent the cheating that occurs when one player peeks at the other’s half of the screen, TI said.”

simply, awesome.  Bring it on!!!

“I want the white picket fence, and the ketchup fights, the tickles and giggles.”

- Michael Scott, The Office

Watch Batman as a little poopy

http://www.youtube.com/watch?v=0AvKIFlCzsw

Here he is, like a little baby.

Sorry but i’ve been using Xanga as a means to broadcast news… but it’s good to be up to date on the real world.

U.S. Federal Reserve Chairman Ben Bernanke met Thursday with two top consumer advocates.

WASHINGTON (Dow Jones)–U.S. Federal Reserve Chairman Ben Bernanke met Thursday morning with two top consumer advocates, just one month before the central bank plans to propose broad new subprime mortgage rules.

Bernanke and Fed Governor Randall Kroszner met privately with Jesse Jackson Sr. from the Rainbow/PUSH Coalition and John Taylor, president of the National Community Reinvestment Coalition.

Jackson and Taylor represent groups that are often critical of banking industry practices, and the central bank occasionally solicits the views of these groups and others when determining regulatory policy.

“Chairman Bernanke displayed a strong sensitivity to our concern that many low-income and minority homeowners are in jeopardy,” Taylor said in a press statement. “He showed a depth of understanding of the challenges inherent in addressing these problems.”

The Fed is planning to use its authority next month to propose new rules that would prohibit some lending practices on subprime loans, such as certain prepayment penalties. Only the Fed has the authority to ban certain lending practices across the lending industry, for both state and federally regulated institutions.

-By Damian Paletta, Dow Jones Newswires

http://www.moneyfactory.gov/newmoney/flash/5Currency/unveil5.html