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OK let me see the Saudi's say they are going to pump an extra 200,000 barrels a day more in July. The militants bomb pipeline reducing supply by 120,000 barrels a day. Now the the Libyan's says it is going to cut oil production due to over supply. It is starting to look like oil production is...

LOL :)

So why has it been pulled by you tube?

I agree GM has to many "brands" of essentially the same vehicle. They need to boil down all the brands to a new general brand called "GMC" = "Toyota" and the up market brand "Cadillac = "Lexus"

No worries as FED term lending facility is being opened up to any US based company to swap their bonds for treasuries. Printing presses running overtime.

But but didn't the FED lower rates to help the economy and to minimize the impact of the housing crisis?

Great that means that the increase in Saudi production has gone to straight to the increase in demand. Looks like prices won't be coming down any time soon.

We are now down to $476B. Not much left to swap for crap junk bonds now. http://www.ny.frb.org/markets/soma/sysopen_accholdings.html

Th reason they bought back was stock placement contract stated the $28/stock deal was off if price dropped below $30 at close last week. LEH buying to save their own skin.

You miss the point. We only provide security to the Saudi's to get guaranteed supply of oil. Chinese want oil and can offer security also.

Sorry but there is a new kid on the block called China. I'm sure they could spare 1 million PLA soldiers to provide security to the Saudi's and do it cheaper than the US could ever.

Political response from DC or lack of it is that it is SNAFU!

The difference being when you have logical thinking engineers and scientists running the show versus politicians.

This is unbelievable. Freaking Wall Street Analysts will write anything to save their own arse. Buy Stocks as Investors `Misread' Jobs, JPMorgan Says (Update1) By Michael Patterson June 6 (Bloomberg) -- The biggest rise in the unemployment rate since 1986 is an ``aberration'' and...

I agree the only central bank holding the line with its policy mandate is the ECB. The f'king FED is a nothing more than a private bank that has flooded the globe with liquidity and created the f'king commodity bubble itself - it has given up on inflation. Rule 1 save and help it's private bank...

Yip LEH is Ok but the FED will go bankrupt instead opps I mean the US after all the FED printing press is running overtime.

The Hummer needs to be a diesel. Most new diesels are clean and get far better mileage. US needs to move from gasoline to diesel and CNG. Gasoline/Diesel pricing is currently upside down! Internationally diesel is normally less expensive.

Depends how you measure "reserves". The banks have swapped their worthless CDO/MBS and other now worthless assets for FED treasuries. Otherwise they would be mostly upside down assets worth less than loans outstanding. Remember banking is based on fractional-reserves.

Another two months have passed and another $100B of treasury bonds have been swapped for boats, houses and cars and anything else the investment banks don't want. At this rate all of the FEDs treasury capital will be gone by the end of 2008...

That's an idea stand down the US military for one year and all our oil problems are solved. Seeing as the the US military is the largest US consumer of oil. The US Military Iraq fuel bill is $150M/month. Funny US tax payer paying for fuel bill in Iraq when they are exporting oil. US military...