Minutiae
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"Chuck Norris doesn't read books; he stares them down until he gets the information he wants out of them."
- ChuckNorrisFactsdotcom

Thursday, November 10, 2005
What's
that noise? Could it be inflation?

posted by Rachel 11/10/2005
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Can I just say how utterly sick I am of people misusing the words
franchise or disenfranchise? It's such a sloppy giveaway that the speaker thinks they're much cleverer than they actually are. The franchise means the vote. Disenfranchised does not mean oppressed. It does not mean poor or uneducated. It does not mean discriminated against. It doesn not mean marginalized. Disenfranchise means: to deprive of voting rights. Now I haven't heard anywhere in the coverage of the Franch riots that the rioters are angry because they don't have the vote.

posted by Rachel 11/10/2005
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Oh crap. It's only a matter of time before it mutates. We can all just hope that that horrible eventuality is several months away. It'd be a whole lot easier to deal with a flu epidemic in the summer than in the winter. For one thing the petrie dishes we call schools wouldn't be a vector.

posted by Rachel 11/10/2005
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Dude. Big oil companies, not on my list of favorite warm fuzzies. I saw a t-shirt once that said, "We don't care. We don't have to care. We're Exxon." That was close to the whole oil spill incident. I still think it's one of the funnier shirts I've seen.

That said, all this BS about the oil companies
huge profits and proposing a 'windfall tax' is the stupidest shit I've heard in a long while. It's called supply and demand. Roughly half of our gulf coast oil and gas production is STILL offline. 5% of our refining capacity is still gone, and that's a big deal in such a tight market. Europe has been sending us lots out of their strategic reserve. We've been tapping our own strategic reserve. Oil is still a much scarcer commodity than it was.

There's also the other little issue that the oil companies earn on average roughly a 10% return on their investment. Microsoft makes something like a 35% return on investment. If anyone wants to be looking into obscene profits there are plenty of industries that should come first. Of course the notion of a retroactive punative tax on 'too much profit' should be enough to send shudders down any spine.

Hello. It takes YEARS and millions upon millions of dollars to build an oil well. The oil companies have lost how many drilling rigs? How many miles of pipeline? How much infrastucture do they have to rebuild? Add that to the fact that there's only one company that makes various essential components of oil recovery. Last I heard the wait time on new oil rigs was a few years. That was before the sudden need to replace half the oil infrastucture on the gulf coast.

Yeah it sucks for everyone that a commodity that we all use and depend on is taking price hits from the huge sucking consumption that is China's 10% annual growth economy and a disastrous drop in production. That doesn't mean that the pain we're all feeling is caused by nefarious greedy monocle-wearing fat cats. Supply and demand can be utter hell on the price of any commodity. Ask a farmer. It's called price volitility. I'll bet that we'll see oil for $100 a barrel and oil for $40 a barrel both within 3 years. And you can bet no one will be proposing a bailout of oil companies when prices tank.

posted by Rachel 11/10/2005
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I am so very excited for the new Harry Potter.

posted by Rachel 11/10/2005
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