[gwc] Jester any good news for us early birds !! lol
[Jester] gwc 6 FEET ON THE RIGHT SIDE OF THE GROUND FOR ONE MORE DAY.... HAHAHAHAH
[gwc] Jester yup..good deal!
[Jester] WHEW... MADE IT BACK... IT IS SNOWING TO BEAT HELL OUT THERE.... HAHAHAHAH
[Vigilance] Jester there too!
[Jester] OKAY... WELL ANYONE GOT ANYTHING CONSTRUCTIVE TO DISCUSS? HAHAHAHAH
[pokerbrat] Jester what should we look for next? IYO
[Jester] I SAW A HUGE BILLBOARD ON I40 TODAY... INTERESTING DEVELOPMENT.... http://www.infowars.com/whos-the-mysterious-infowarrior-posting-billboards-nationwide/
[Jester] pokerbrat JUST KEEP WATCHING THE NEWS FOR WHAT THE EAST WILL DO NEXT IN MY OPINION...
[Jester] CONTINUING THE WORKAROUND... Russian banks’ barring from Swift to mean US and Russia sever ties — VTB bank head Kostin
[Jester] DAVOS, January 23. /TASS/. Russian banks’ blocking from the international payments system SWIFT in case of tougher sanctions will mean that the United States and Russia break up their relations, VTB Group CEO Andrey Kostin said at the World Economic Forum on Friday.
[Jester] THAT SOUNDS PRETTY SERIOUS... IN MY OPINION...
[Jester] NOT SURE THEY CARE THOUGH...
[Jester] “We have already created our system which can replace SWIFT. We are also in talks with partners from China. But I want to note that if this [blocking from SWIFT] takes place, US-Russian relations will deteriorate sharply. On the next day US ambassador in Moscow and Russian ambassador in Washington may go away. This has already occurred at the example of US-Iranian relations. The halt to political dialogue and any other relations between the two countries resulted from this,” Kostin noted.
[Jester] “In fact, this is a situation on the verge of war or a Cold War,” he said, adding that “this is not a matter of VTB or banking system." “This is a very dangerous situation which no one is interested in.”
[Jester] THAT SOUNDS LIKE A COUNTER THREAT TO ME...
[Jester] READ IT YOURSELF AND SEE WHAT YOU THINK...
[kristi] Jester: I haven't been around lately and admit I haven't checked the forum. So you don't have to answer. But, with the Greek elections, how will they play out for the Greeks? Part of me thinks it is going to be a very hard time for the near future, but if they get their sovereignty back it should be better. What are your thoughts of this new party gaining control?
[Jester] I WOULD NAME THIS ONE... IS EUROPE WAVERING? SLOVAKIA SURE IS.... Head of Slovak delegation says Russia should be full fledged member of PACE
[Jester] STRASBOURG, January 26. /TASS/. Russia should be a full-fledged member of the Parliamentary Assembly of the Council of Europe, head of the Slovak delegation to PACE Olga Nachtmannova said Monday.
[Jester] “I think we should hold a discussion. Communication and discussion are the key words PACE needs. How can we talk about Russia and developments connected with it when it is not present here?” she asked in an interview with TASS.
[Jester] “That’s why I entirely support Russia being a fully fledged PACE member with all the rights,” she said.
[Jester] INTERESTING... WOULD HAVE LIKED TO BE A FLY ON THE WALL FOR THAT DISCUSSION... HERE IS THE REST... http://itar-tass.com/en/world/773449
[pokerbrat] Jester it seems like they are laying the ground work (Russia) like my wife did for our divorce. I like the US could do nothing about it in the end.
[Jester] kristi HARD TO SAY REALLY... THIS A PRETTY GOOD ARTICLE THAT I READ TODAY THAT MIGHT GIVE US SOME CLUES...
[Jester] JUST EVEN THE HEADLINE IS A HINT.... HAHAHAHA
[Jester] Syriza Win in Greek Election Sets Up New Europe Clash
[Jester] ATHENS—Greek voters handed power to a radical leftist party in national elections on Sunday, a popular rebellion against the bitter economic medicine Greece has swallowed for five years and a rebuke of the fellow European countries that prescribed it.
[SoldierofChrist] Jester thats is huge
[Jester] With nearly all votes counted, opposition party Syriza was on track to win about half the seats in Parliament. In the wee hours of the morning, it clinched a coalition deal with a small right-wing party also opposed to Europe’s economic policy to give the two a clear majority.
[Jester] “Today the Greek people have written history,” Syriza’s young leader and likely new prime minister, Alexis Tsipras, said in his victory speech late Sunday. “The Greek people have given a clear, indisputable mandate for Greece to leave behind austerity.”
[hunter35] Jester I applaud them
[Jester] A Syriza victory marks an astonishing upset of Europe’s political order, which decades ago settled into an orthodox centrism while many in Syriza describe themselves as Marxists. It emboldens the challenges of other radical parties, from the right-wing National Front in France to the newly formed left-wing Podemos party in Spain, and it sets Greece on a collision course with Germany and its other eurozone rescuers.
[Jester] Within minutes of the close of the polls, Germany’s powerful central-bank chief, Jens Weidmann, pushed back. “It is clear that Greece will remain dependent on support and it’s also clear that this aid will be provided only when it is in an aid program,” he said in an interview with television broadcaster ARD.
[Jester] A message on U.K. Prime Minister David Cameron ’s usual Twitter account, meanwhile, warned that the Greek result will “increase economic uncertainty across Europe.”
[Jester] AWWW... THATS TOO BAD... WHINE...
[Jester] Mr. Tsipras staked his campaign on resistance to the policies of fiscal austerity—budget cuts and tax increases—demanded by Germany in return for a €240 billion ($269 billion) bailout, and many Greek voters embraced him.
[Jester] “Europe is self-destructing,” said Polyxeni Konstantinou, a 56-year-old public-sector worker voting in central Athens. “I voted for Syriza because I hope that it will help change the tragic circumstances that now govern Europe. Will Syriza be able to achieve everything it says? Probably not. But whatever it does achieve, then that will be good for Europe.”
[Jester] GREECE CANNOT BE ACCUSED OF BEING SHEEPLE... THAT IS FOR SURE...
[Jester] “Greece is two years ahead of the curve” when it comes to politics, said Bill Blain, chief strategist at Mint Partners, a brokerage. “Other countries’ [radical parties] are all going to have their day fairly soon and it’s really about markets trying to anticipate how other countries will follow Greece.”
[Jester] AND THERE YOU HAVE IT... THE CLUES... HAHAHAHAH....
[kristi] I think they said, Enough is enough!
[Jester] HERE IS THE REST... http://www.wsj.com/articles/syriza-win-in-greek-election-sets-up-new-europe-clash-1422168982?tesla=y
[Jester] THOSE PEEPS ARE NO LONGER SHEEPLE... THEY HAVE STOOD UP AND SAID WE ARE TIRED OF THIS BS BEING DONE TO US BY CENTRAL BANKS... MY PREDICTION IS THEY ARE ABOUT TO GIVE THE EURO THE FINGER SHORTLY.... WE WILL SEE... HAHAAHAH
[alfonse] Jester Can they do what Iceland did?
[Jester] alfonse SURE WHY NOT... I THINK ALOT OF PEOPLE ARE LOOKING AT THE ICELAND PLAYBOOK AND THINKING TO THEMSELVES... HMMMM... THAT WASN'T TOO BAD... THAT MIGHT WORK...
[Jester] WHAT IT TAKES IS LEADERS THAT CARE ABOUT THIER PEEPS MORE THAN THEY CARE ABOUT TAKING CARE OF THE BANKERS...
[hunter35] Ok, I have a question about oil. My brother told me tonight (been in the oil business for years) that over in the Middle East, anything over $9.89 a barrel is profit for them. In the Dallas paper today, they are saying they need over $100 a barrel to make a profit. What the heck!
[Jester] hunter35 THAT DOES NOT JIVE WITH THE INTEL I HAVE...
[Jester] HANG ON... I AM TRANSPOSING A TEXT TO THE NET.... LET ME SEE IF I CAN BRING IN SOME PROOF...
[Jester] I CANNOT PUT A CHART IN HERE DARN IT...
[Jester] ACCORDING TO THIS CHART THOUGH... THE WEIGHTED AVERAGE ON CRUDE OIL COST.... NOW THIS IS FOR OIL SHALE AND CANADIAN OIL SANDS... WHICH IS WHERE THE INCREASED PRODUCTION CAME FROM BECAUSE OF THE HIGH OIL PRICES... AND THAT COST IS $60-61... AVERAGE REMEMBER... RANGE BEING $46 TO 69... THE OIL SANDS BEING UP TO $90...
[Jester] CHECK THIS OUT... CHART ABOUT HALFWAY DOWN http://www.vox.com/2014/12/3/7327147/OIL-PRICES-BREAKEVEN-SHALE
[hunter35] Jester But doesn't it depend on the grade of oil. Texas is sweet crude which cost a lot more to refine but in the Middle East the cost of refining is lower
[Jester] hunter35 THAT IS A DIFFERENT QUESTION... AND I AM NOT AN OIL COST SPECIALIST... I CAN ONLY TELL YOU WHAT I READ... WHICH TELLS ME THAT IT IS MUCH LOWER THAN $100 A BARREL TO BREAK EVEN... THEY WERE DOING MUCH LESS THAN THAT A COUPLE YEARS AGO... NOT SURE WHAT MIGHT HAVE CHANGED..
[kristi] Jester: I heard that Yemen is near the Saudi oil fields.
[Jester] OPEC won't stop US oil production growth +
[Jester] U.S. oil production could increase next year to levels not seen since the 1970s, despite OPEC's efforts to muscle out American shale producers.
[Jester] While U.S. oil production is predicted to rise by another million barrels a day during 2015 from the current 9 million barrels a day, forecasts are coming down on expectations that OPEC's unwillingness to cut production will keep a lid on prices well into next year. Lower prices limit new drilling and hit high-cost wells first.
[Jester] Saudi Arabia may continue to stay away from cuts even if prices continue to move lower: OPEC's biggest producer now expects Brent crude to stabilize at around $60 a barrel, which is a level the Saudis could withstand, according to a Dow Jones report.
[Jester] But analysts say the U.S. industry, which has turned around its fortunes with new technologies in less than a decade, is expected to drill the most-efficient wells, and production will continue to grow—even with lower prices. There is also a gusher of new offshore oil production coming online in the Gulf of Mexico.
[Jester] "Production is going to continue to grow. Could we see another million barrels a day of growth next year over this year? We happen to think so," said Edward Morse, global head of commodities research at Citigroup. Morse expects an average Brent crude price of $80 per barrel next year, but if it's lower, he says U.S. oil production could still add 800,000 barrels per day.
[hunter35] Jester Ok, I get what you are saying . . .
[Jester] The expectation is that now with sharply lower prices, some shale wells will no longer be economical, and many that were planned will not be drilled. Already, applications for drilling permits have fallen sharply, down 40 percent to just more than 4,500 in November from October's levels, according to a Reuters report quoting industry data firm Drilling Info.
[Jester] Fadel Gheit, senior energy analyst at Oppenheimer, said U.S. shale production will keep growing, but the question is how much, and it will be the price that determines it.
[Jester] hunter35 YOU GOT ME STARTED.... HAVE TO FINISH NOW... HAHAHAHAH
[Jester] "The lowest will be that production will increase by a half million (barrels a day). The highest will be 1.5 million. I would say 600,000 to 700,000 would not be out of line, and we could even have 1 million barrels a day of production growth. Some of these plays will continue because they are cash cows," he said.
[Jester] "No matter how low oil prices go, there will be no (shale) production shut in. The cash component (cost) will be, say, $15, $20, $25," Gheit said, noting the expenditure for land and drilling has already been made. "Oil prices will have to go below $30 for some of these wells to be shut in, and even then the owners need the cash to survive. They will milk the cow until the cow drops dead."
[hunter35] Jester I'm just not sure the Saudi's want us to know what their break even point is . . .
[Jester] Morse said one factor that could keep the U.S. shale industry drilling is that there are a high number of incomplete wells that could easily be turned into productive wells. He estimates that there are thousands of such wells in Texas, Oklahoma, North Dakota, Ohio and Wyoming.
[Jester] "There are a very large number of incomplete wells that have been drilled, and they're the cheapest ones to bring on. So, if companies are going to be strapped for cash, the best way to get cash is to complete wells ... the average for that completion is $5 a barrel to complete a well that's already been drilled," he said.
[Jester] "Each well currently being drilled in the main shale plays produces more than 550 barrels a day," he said, noting that it was 150 barrels on average just several years ago. Now those wells run for three months before the decline starts, and costs are much lower, at $35 to $45 per barrel, in the Bakken of North Dakota and Eagle Ford in Texas.
[hunter35] Jester Yep, must cheaper to complete now.
[Jester] "Only five or six years ago, wells used to take 70, 80, 90 days to compete. Today they take two weeks. That in itself is a huge accomplishment. The same rig instead of drilling one well, can drill four. Companies now know how to drill faster than ever before. They learned it in trial and error. Companies don't need as many rigs to drill as many holes in the ground and that in itself is a cost saving," he said.
[Jester] Morse expects oil prices to recover with Brent, the international benchmark, averaging $80 per barrel in the first quarter, and West Texas Intermediate at $72. His base case is that OPEC should give up and cut production levels in the April and May period. Morse said he expects prices to be supported by seasonal winter demand but then slump, and that could force OPEC's hand in the spring.
[Jester] "The problem for OPEC is if they don't blink, and let's say they do shut down the rate of production growth in the U.S., and they get a price back to where they like it to be, U.S. production growth starts again," Morse said.
[Jester] I SKIMMED THE ARTICLE AND TOOK OUT THE PERTINENT PARTS FOR THIS DISCUSSION...
[hunter35] Jester Wow, you are a fast typer
[Jester] READ THE WHOLE THING HERE...
[Jester] AND THAT IS HOW YOU RESEARCH THE BS... HAHAHAHAHHA
[kristi] Jester: I am part of a group that believes fracking (well stimulation) doesn't belong in the populated areas of CA that are on fault lines. We have been studying well stimulation and waste water injection wells. They seem to be shutting down the fracking in CA because of the geology and the cost of oil recovery. I, personally, am afraid of what the chemicals do to the aquafers.
[Jester] hunter35 I STOLE IT FROM THE ARTICLE... THAT IS WHY I PUT THE LINK AT THE BOTTOM OF THINGS I AM STEALING FROM THEM... IT IS LEGAL TO DO IT IF YOU GIVE THEM THE CREDIT...
[Jester] kristi THAT IS A WHOLE DIFFERENT ARGUMENT...
[hunter35] Jester I appreciate it . . . there sure is a huge price differential . . .
[Jester] hunter35 WELL I THINK THE ANSWER TO YOUR QUESTION IS YOUR BROTHER MIGHT LIKE TO READ THE ARTICLES...
[kristi] When I get some money I will be very careful where I buy and that I can buy the mineral rights underneath me. I will be very choosy and not be around any shale or gas deposits.
[hunter35] Jester He's done tons of business with the Saudi's . . .maybe they don’t' want the world to know what their break even point is
[hunter35] Jester We'll just leave it at that
[Jester] YIKES HERE IS ANOTHER FIND... IF TRUE SHEDS SOME MORE LIGHT ON THINGS... The real reason Saudi Arabia can afford a price war against US shale
[Jester] Much time is being spent discussing the attempt by OPEC producers, especially Saudi Arabia, to drive higher-cost US shale drillers out of the oil game. The theory is that because OPEC cartel members can drill at dirt-cheap prices, they can inflict despair on the lightly defended shale patch. In the end, US drillers will have wave the white flag and shut down.
[Jester] The trouble with that theory is that OPEC actually has higher costs, by a wide margin.
[Jester] The difference boils down to definitions. When you are talking about how much it costs, say, the Oklahoma-based company Continental Resources to drill in North Dakota, it’s roughly $40-$50 a barrel, judging by average outlays. That takes into account all the costs strictly associated with drilling, and suggests how much Continental probably has to earn in order to break even.
[Jester] Things become more complicated when you turn to Saudi Aramco and its production at, say, the supergiant Ghawar oilfield. Western experts say that Saudi production costs average $10-$20 a barrel, give or take a few dollars either way. Of course, there are no hard public numbers when it comes to most Saudi oil data, only estimates from industry experts.
[Jester] But Saudi Aramco is only superficially comparable to Continental Resources. It is an arm of the Saudi government; the oil that it drills funds roughly 80% of the palace budget, which by extension covers Saudi education subsidies, low-priced energy, housing allowances and other benefits, not to mention lavish support for the lives and schemes of every royal family member. Here is how this works across the oil patch.
[Jester] When you add all that up, Saudi Arabia’s production cost is at least $86 a barrel of oil, or double Continental’s at the low end. The social costs can’t really be considered separately from those of the actual oilfield, because they are the mechanism by which various regimes stay in power; one is inextricably linked to the other. Saudi Aramco—like its brothers across OPEC—must earn those break-evens or eventually risk a collapse.
[Jester] So why do analysts persist in describing the opposite juxtaposition? Because Saudi has socked away roughly $750 billion from the days when prices were high, including the average $106 a barrel that it earned for the three years prior to the current price plunge. The richest cartel members—Saudi Arabia, Qatar, Kuwait and the UAE—can test shale’s mettle not because their oil is cheap, but because they are willing to draw down on their tens and hundreds of billions of dollars in the bank.
[hunter35] Jester I believe I have awakened a sleeping giant
[Jester] SO THERE YA GO... EVERYTHING IS RELATIVE.... HAHAHAHHAHA
[Jester] AND HERE YA GO... THE LINK... http://qz.com/311179/the-real-reason-why-saudi-arabia-can-afford-a-price-war-against-us-shale/
[hunter35] Jester You are the best . . .
[Jester] hunter35 DOES THAT ANSWER YOUR QUESTION? HAHAHAHAH
[hunter35] Jester Absolutely
[Jester] I LOVE QUESTIONS.... LET'S ME USE ALL MY SCREENS AT ONCE... HAHAHAHHAH
[hunter35] Jester I'm exhausted
[Betsy Ross] Jester lol
[kristi] Jester: I think that is true about Saudi. I do know that a number of oil service workers are being laid off here because of the lack of shale drilling. I don't wish unemployment on anyone.
[kristi] But, I sure do love the lower gas prices!
[Jester] kristi WELL LET'S LOOK AT THIS ONE THEN... Saudi Arabia Won't Win This Oil-Price Standoff
[Jester] There's a standoff happening between the old oil powers and the booming US shale industry, as the OPEC oil cartel is thought to be pushing down prices to drive new production offline.
[Jester] But the investment bank Citi says it's not a fight that OPEC leader Saudi Arabia is going to win.
[Jester] Although no one is sure what is causing the plunge in oil prices from above $105 a barrel this summer to below $80, Saudi Arabia, which helps control oil prices through the amount its vast oil reserves it releases to the market, would reportedly "be comfortable with lower oil prices." Meanwhile, there's a risk that low prices will make it unfeasible to continue expensive unconventional drilling projects that are spreading through US shale basins.
[Jester] But a massive new report, "The Rapid Rise of the United States as a Global Energy Superpower," from Citi's macro analysts suggests the price of oil would have to dip to the vicinity of $50 a barrel to flatten US production growth completely.
[Jester] From the report: "ndications have emerged that suggest Saudi Arabia could look to allow prices to fall enough until US shale production is reined in. However, should such a circumstance arise, it looks like US shale/tight oil production growth could remain robust even in an environment of sustained lower oil prices, lower capex, and lower rig counts."
[Jester] OKAY A BUNCH OF CHARTS... GO LOOK FOR YOURSELF.... HAHAHAHAHAH
[Jester] LINK... http://www.businessinsider.com/citi-saudi-arabia-wont-win-this-oil-standoff-2014-11
[Jester] I THINK WE BEAT THAT ONE TO DEATH ALREADY... LOL
[Jester] SO... WHO'S NEXT? I AM ON A ROLL... HAHAHAHHAHA
[pokerbrat] Jester how much oil does Vietnam have?
[Jester] JEEZ.... HERE IS AN INTERESTING FIND... OKAY... A QUESTION... WHO HAS THE MOST KNOWN RESERVES OF OIL?
[sandman3126] Jester The US?
[Betsy Ross] Jester Russia
[Jester] jbmeans VERY GOOD... TOOK YOU LONG ENOUGH TO GOOGLE IT.... CHEATER.... HAHAHAHAHAH
[Jester] Oil reserve is an essential yardstick for measuring a country's economic prosperity. And proven oil reserves are those that claim to have a reasonable certainty (normally at least 90 per cent confidence) of being recoverable under existing economic and political conditions. Industry specialists refer to this as P90. We present here a list of countries with highest proven oil reserves.
[Jester] 1. Venezuela Proven reserve: 296,500,000,000 billion barrels
[Jester] 2. Saudi Arabia Proven reserve: 264,600,000,000 billion barrels
[Jester] 3. Canada Proven reserve: 175,200,000,000 billion barrels
[Jester] 4. Iran Proven reserve: 150,600,000,000 billion barrels
[Jester] 5. Iraq Proven reserve: 143,500,000,000 billion barrels
[Jester] DIDN'T SEE THIS ONE COMING...
[Jester] 6. Mexico Proven reserve: 139,020,000,000 billion barrels
[Jester] 7. Kuwait Proven reserve: 104,000,000,000 billion barrels
[Jester] 8. United Arab Emirates Proven reserve: 97,800,000,000 billion barrels
[Jester] OR THIS ONE...
[Jester] 9. Russia Proven reserve: 74,200,000,000 billion barrels
[Jester] THIS IS INTERESTING....
[Jester] 11. Nigeria Proven reserve: 37,200,000,000 billion barrels
[Jester] 12. Kazakhstan Proven reserve: 30,000,000,000 billion barrels
[Jester] 13. Qatar Proven reserve: 25,410,000,000 billion barrels
[Jester] 14. China Proven reserve: 20,350,000,000 billion barrels
[Jester] AHHHH.... HERE WE ARE...
[Jester] 15. United States Proven reserve: 19,120,000,000 billion barrels
[Jester] 16. Brazil Proven reserve: 14,240,000,000 billion barrels
[Jester] 17. Azerbaijan Proven reserve: 14,000,000,000 billion barrels
[Jester] NOT EVEN SURE WHERE THE HELL THAT IS...
[Jester] 18. Angola Proven reserve: 13,500,000,000 billion barrels
[pokerbrat] We just go to war and force them to be our friends CAN YOU SAY IRAQ?
[Jester] WHO KNEW?
[Jester] 19. Algeria Proven reserve: 12,200,000,000 billion barrels
[Jester] 20. India Proven reserve: 9,000,000,000 billion barrels
[Jester] 21. Sudan Proven reserve: 6,800,000,000 billion barrels
[Jester] 22. Norway Proven reserve: 6,680,000,000 billion barrels
[Jester] YOU SHOULD SEE THE NORTH SEA PLATFORMS... I HAVE.. THEY ARE INCREDIBLE....
[Jester] 23. Ecuador Proven reserve: 6,542,000,000 billion barrels
[Jester] 24. Oman Proven reserve: 5,500,000,000 billion barrels
[Jester] 25. Ghana Proven reserve: 5,000,000,000 billion barrels
[pokerbrat] We win in media bu!! SH !+ put out. We have 18 trillion barrels of that
[Jester] AND THE ANSWER TO BRAT'S QUESTION...
[Jester] AND LJP..
[Jester] 26. Vietnam Proven reserve: 4,700,000,000 billion barrels
[Jester] 27. Egypt Proven reserve: 4,300,000,000 billion barrels
[Jester] 28. Indonesia Proven reserve: 4,050,000,000 billion barrels
[Jester] SERIOUSLY? I HAD NO IDEA..
[Jester] 29. Gabon Proven reserve: 3,700,000,000 billion barrels
[Jester] DON'T KNOW WHERE THAT IS EITHER BUT I BET THE US HAS ECONOMIC HIT MEN THERE...
[Jester] 30. Australia Proven reserve: 1,100,000,000 billion barrels
[Jester] OK I AM DONE.... WHEW...
[jbmeans] Jester Wikipedia has US at 11th with 30,529,000,000 as of Jan 2014. Was your data newer or older?
[MotoXR] Gabon west coast of Central Africa. Located on the equator, Gabon is bordered by Equatorial Guinea to the northwest. Maybe only need 2 Hitmen there lol
[Jester] jbmeans WELL YA CAN'T PLEASE EVERYONE... HAHAHHAHAH
[Jester] IF YOU LIKE TO REDO THE LIST THEN BRING IT ALL IN AGAIN....
[jbmeans] No thx
[MotoXR] Jester Ok If you know, are we the US the only ones that resort to Fracking or is also done elsewhere ?
[Jester] jbmeans WHAT DOES IT SAY ABOUT VIETNAM WHICH IS WHAT WE WERE LOOKING FOR....
[jbmeans] Jester 29th with 4,400,000,000
[Jmk47] Sound like never ending supply
[Jester] jbmeans WELL THERE YA GO... I HAD 4,700,000,000... SO GO FIGURE... IS THE EXACT NUMBER REALLY IMPORTANT BECAUSE I WAS ATTEMPTING TO GIVE EVERYONE A RELATIVE BALANCE OF THE PROVEN RESERVES... THAT IS ALL...
[jbmeans] Jester thank you for the terrific job! I was just curious to find out what direction we were going by asking what date your list was done on.
[Jester] BRAT DID THAT ANSWER YOUR QUESTION?
[jbmeans] Jester the one list had US at 19 and the other at 30
[Jester] BRAT HAS MOVED ON TO WINE WOMEN AND SONG ALREADY.. HAHAHAHAHHA
[Jester] jbmeans I HAD 15... SOOOO... WHAT WILL YOU LIKE ME TO SAY... DIFFERENT LISTS ARE SURELY A BIT DIFFERENT...
[jbmeans] Jester you might have missed my question earlier wondering when your list was made so i could figure if our reserves were going up or down. big difference in the numbers
[Jester] I WAS NOT TRYING TO VALIDATE THE EXACT NUMBER I WAS TRYING TO ILLUSTRATE THE RELATIVE ORDER OF REPORTED RESERVES TO GIVE EVERYONE AN IDEA OF WHAT COUNTRIES WERE RANKED WITH OTHER COUNTRIES AND MAYBE GIVE US AN IDEA OF THE IMPORTANCE OF THE RELATIONSHIPS BETWEEN EACH....
[pokerbrat] So I guess Vietnam and Iraq have value because they have good oil reserves and worthless currency
[SoldierofChrist] Jester thank you for that post definitely gives me an idea
SORRY JESTERS COMPUTER WENT DOWN. TOO MANY WINDOWS. HE SAID GOODNIGHT AND SEE YOU ALL TOMORROW