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BP 2004 Report Detailed Concern About Alaska Pipeline Corrosion...
Aug. 9 (Bloomberg) -- BP Plc was alerted by employees and contractors in a February 2004 survey that the now shut Alaskan pipeline network probably wasn't being adequately examined, according to a company report...
Prudhoe Bay, the largest oilfield in the U.S., is being closed after a pipeline that leaked four to five barrels of oil was shut down on Aug. 6, BP said two days ago. Crude climbed as high as $77.30 a barrel in New York as the London-based company said a full closure would curb supplies by 400,000 barrels of crude oil a day.
http://www.bloomberg.com/apps/news?pid=20601087&sid=aqsMTSpI3kbE&refer=home
Black Gold: The New Frontier in Oil for Investors...
Modern living is driven by oil, from the gasoline that propels our cars to the electricity that powers our homes to the military that protects our freedom. Throughout the twentieth century, a relatively uninterrupted supply of oil has fueled our nation's unparalleled growth.
Yet steadily increasing demand from the United States, as well as from rapidly developing nations such as China and India, has begun to seriously strain the world's oil reserves. This represents the onset of a challenging new economic, philosophical, and political world—and an unprecedented opportunity for in-the-know investors.
From the Financial Sense News Hour...
http://netcastdaily.com/broadcast/fsn2006-0805-1.asx
RE: Complete Silver depletion by May 2007 -
CANADA MAY LAUNCH GOLD AND SILVER ETFS
Friday, July 28, 2006 - FreeMarketNews.com
The success of the American gold and silver ETFs has resource rich Canada wanting a piece of the action. Now that the Canadian government has changed legal regulations to include gold and silver as possible investments in RRSPs (Registered Retirement Savings Plans); the Royal Canadian Mint is hiring a legal team to launch tradable products on the Toronto Stock Exchange that are backed by the precious metals, according to the Globe and Mail.
The mint has announced that it has created a budget of up to $1 million to spend on legal services researching different types of tradable products structures that it could take public on the Toronto Stock Exchange. The mint would use either a public offering or private placement to launch the products. Ideally, the gold and silver backed products would resemble the popular American gold and silver ETF’s, and they would be qualified investments for retirement accounts. No timetable for the launch of the products has been set yet.
The Canadian mint has already seen such a large surge in physical demand for the metals that it can’t produce enough in order to keep up. It refines six million ounces of gold a year into maple-leaf coins and bars. It also refines silver maple leaf coins. Last year the Royal Canadian Mint’s revenues surged by 32 percent as investment demand and metals prices increased.
http://www.freemarketnews.com/WorldNews.asp?nid=17664
BP: Pipeline closing may last for months...
ANCHORAGE, Alaska - BP said Monday it discovered corrosion so severe that it will have to replace 16 miles of pipeline at the huge Prudhoe Bay oil field — work that could shut down the nation's single biggest source of domestic crude for months and drive gasoline prices even higher...
http://news.yahoo.com/s/ap/20060808/ap_on_bi_ge/oil_field_shutdown
Possible Tropical Cyclone formation within the next 36 hours...
From NOAA:
A WELL-DEFINED AREA OF LOW PRESSURE LOCATED ABOUT 1275 MILES EAST OF THE SOUTHERN WINDWARD ISLANDS IS MOVING WESTWARD AT 15 TO 20 MPH. ALTHOUGH THUNDERSTORM ACTIVITY IS CURRENTLY LIMITED...ENVIRONMENTAL CONDITIONS APPEAR SOMEWHAT FAVORABLE FOR FURTHERDEVELOPMENT AND A TROPICAL DEPRESSION COULD FORM LATER TODAY OR TOMORROW....
Iran warns oil could reach $200 on sanctions...
CARACAS, Venezuela (Reuters) - Global oil prices could hit $200 per barrel if the United States pursues international sanctions against Iran, an Iranian official said on Thursday, although analysts passed the comment off as saber rattling.
Iran's Foreign Relations Vice Minister Manuchehr Mohammadi told Venezuelan state television, "The first consequence of these sanctions would be an increase in the price of oil to around $200 per barrel."
The statement comes after the United Nations on Monday demanded that Iran suspend all nuclear development within a month or face the threat of sanctions. Iran responded that it had a sovereign right to nuclear development...
http://today.reuters.com/news/newsarticle.aspx?type=topNews&storyid=2006-08-03T145855Z_01_N03290...
OT - Lowman
Do you have any other sub-penny oil/gas stocks you feel comfortable recommening to the board?... I'm only interested in sub-pennys though.
Chris currently forecasted by Accuweather to go straight into the Gulf next week... I can hear those Oil Rigs shutting down already.
TS Chris currently forecasted by
to become Hurricane strength by 2pm this Friday...
Video: Junior Gold and Mining Companies with John Embry, chief investment strategist, Sprott Asset Management...
http://www.robtv.com/servlet/HTMLTemplate/!robVideo/robtv0726.20060801.00041000-00041833-clip1/h/220...
The Hurricane Hunters found much stronger winds than expected in Chris this afternoon. The 2:50 pm EDT eye report indicated a central pressure of 1007 mb, down 2 mb from the most recent advisory. Most surprising were the winds in the southeast quadrant, which were in the 55-60 mph range. Radar out of Guadeloupe shows this intense band thunderstorms rather nicely....
http://www.wunderground.com/blog/JeffMasters/comment.html?entrynum=441&tstamp=200608
According to PinkSheets.com;
Authorized Shares: 500,000,000 as of 2005-11-08
Float: 312,559,670 as of 2005-11-08
http://www.pinksheets.com/quote/company_profile.jsp?symbol=FPPL
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As I'm sure you've probably noticed, Pink Sheet investing has alot more to do with momentum and charts than it does with the fundamentals of the company... becuase often Pink Sheet stocks have very little fundamentals, IMO.
Nope... but the period between the last 2 PR's was Dec 12/05 - April 7/06, approx. 4 months... so if history is any guide, and it usually is, another PR could be expected sometime this August/Sept.
I'm not terribly concerened about contacting mngmt. becuase I view Pink Sheet stocks as little more than shell companies... if I was really concerned about quality mngmt I would stay away from Pink Sheet stocks.
Once Chris approaches Florida and the Gulf... the current water temps are perfect for strong Hurricane formation...
Tropical Storm Chris heads heads towards Florida... and possibly into the Gulf... by Friday we'll have a much better idea how this storm will play out...
Tropical Wave Has Punch -
Monday, July 31, 2006 3:09 PM EDT
"Will this wave develop?" It seems there is a pretty good chance that this wave will become at least a little bit stronger and more organized. It will be heading over very warm ocean water and also toward an area that will have more favorable winds for development. The main limiting factor may be how much this wave interacts with the islands of Puerto Rico, Hispaniola and Cuba. If the wave heads directly across these islands, it will probably have trouble getting better organized, as the mountains on these islands are large enough to disrupt the circulation. It the wave avoids the islands, development will be more favored...
http://headlines.accuweather.com/news-story.asp?partner=accuweather&myadc=0&article=3
It's a Pink Sheet company... which basically means, 1 step above shell company.
It's a Pink Sheet company... which basically means, 1 step above shell company.
Activity Increasing - July 31, 2006 -
In the matter of 48 hours, the tropics have become truly active for the first time all season. There are 3 areas of interest at the moment...
http://www.thestormtrack.com
Anyone know if Vegas offers betting lines on Middle East conflicts?
Watch more and more Islamic nations call for a boycot of the US Dollar as the bloodletting continues...
LANGKAWI, Malaysia -- Former Prime Minister Tun Dr. Mahathir Mohamad on Saturday urged countries to stop using the U.S. dollar in their international trade in order to pressure Washington to end its support for Israel's savage attack on Lebanon.
http://www.gata.org/node/4281
War by Proxy...
A war by proxy in the Middle East is taking place. However, and contrary to their attempts to mislead the Arab World, it is not Hezbollah who is fighting on behalf of Syria and Iran. It is a by proxy war fought by Israel in Lebanon on behalf of the United States, Britain and the Whole West against Muslims and Arabs. This by Proxy war became clear when we understood in the last few days the international silence on the grudging and terrifying destruction done by the Israeli military savageness against animate and inanimate figures in Lebanon...
http://www.asharq-e.com/news.asp?section=2&id=5811
The Strait of Hormuz is a narrow, strategically important stretch of ocean between the Gulf of Oman in the southeast and the Persian Gulf in the southwest. On the north coast is Iran and on the south coast is the United Arab Emirates and an exclave of Oman.
Between 15 and 16.5 million barrels of oil transit the Strait of Hormuz each day, roughly 20 percent of the world's daily oil production...
If the Iranians were half as smart as they think they are... they'd start some war games in the Straight of Hormuz ASAP, and invite the world news media to watch, close up.
Iran forces urged to prepare to hit Israel...
http://news.yahoo.com/s/nm/20060730/wl_nm/mideast_iran_revenge_dc
Iran forces urged to prepare to hit Israel...
http://news.yahoo.com/s/nm/20060730/wl_nm/mideast_iran_revenge_dc
You can see on the following chart how the Dollar has been trading above the 50 DMA for the past several weeks... I think that trend is about to change...
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Chimp Dollars are gooooooooooooood...
Interview with Paul Van Eden (A top Gold Analyst);
Paul Van Eeden is expecting four digit gold prices... audio interview...
http://radio.goldseek.com/shows/22.07.2006/07.22.06f.mp3
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According to PinkSheets.com;
Authorized Shares: 500,000,000 as of 2005-11-08
Float: 312,559,670 as of 2005-11-08
http://www.pinksheets.com/quote/company_profile.jsp?symbol=FPPL
TEHRAN, Iran (AP) - Iranian state radio said Saturday that the government would reject a proposed U.N. resolution that would give it until Aug. 31 to suspend uranium enrichment or face the threat of international sanctions.
http://www.guardian.co.uk/worldlatest/story/0,,-5981847,00.html
PAIM market cap. at .0035 is still only $9.45 million (calculated excluding the restriced shares)...
market cap's for junior Gold companies at early stage production typically have market cap's between $50 million - $150 million.
US Dollar just broke the 86 level... a weakening Dollar is very good for Gold...
RE: POTENTIAL LAWSUIT...PAIM and the Transfer agent
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Sounds like some good potential publicity for PAIM!.... bring in more Buyers!.
Barchart technical indicators showing a 100% Buy rating for PAIM...
http://quote.barchart.com/texadv.asp?sym=PAIM
* Short Term Indicators Average: 100% - Buy
* Medium Term Indicators Average: 100% - Buy
* Long Term Indicators Average: 100% - Buy
* Overall Average: 100% - Buy
California Facing Heat Related Power Emergency...
http://wwwa.accuweather.com/news-top-headline.asp
That water temps map can be found here...
http://www.wunderground.com/MAR/epacm.html
If you take out the restricted shares... the remaining available PAIM shares only have a current market cap. of approx. $8.1 million.
For small companies about to start some Gold production... market cap's are typically between the $50 - $150 million range.
Anyone who thinks this stock is going to blast-off after the company issues its next PR isn't thinking straight... and is likely to be disappointed, IMO.
I wouldn't place to much emphasis on the importance of news from the company... as these Pink Sheet Oil stocks seem much more influenced by the swings in the price of Crude Oil than by anything else...
Even when the company does eventually make their next PR, I expect it will have very little effect on the share price...
A clear move to $80 p/bbl will have a MUCH BIGGER IMPACT on the share price than anything Moar says...
Gulf of Mexico warming up nicely... almost all 85/86 degree surface water now... with a small patch of 86/87 degree water forming around New Orleans... warming trend nowhere near its peak yet...