"“We have lent a huge amount of money to the U.S. Of course we are concerned about the safety of our assets. To be honest, I am definitely a little worried.” "


Chinese premier Wen Jiabao 12th March 2009


""We have a financial system that is run by private shareholders, managed by private institutions, and we'd like to do our best to preserve that system."


Timothy Geithner US Secretary of the Treasury, previously President of the Federal Reserve Bank of New York.1/3/2009

Monday, November 28, 2005

Oil price to drop to US$41


Attitude shifts on Iraq pullout

White House seems willing to conceive of future drawdown

By Paul Richter and Tyler Marshall: Los Angeles Times
Published November 27, 2005

WASHINGTON -- Even as debate over the Iraq war rages, signs are emerging of a convergence of opinion on how the Bush administration might begin to get out of the conflict.

In a departure from past statements, Secretary of State Condoleezza Rice said last week that the training of Iraqi troops has advanced so far that the current number of U.S. forces probably will not be needed for much longer.

President Bush will give a major speech Wednesday at the U.S. Naval Academy in which aides say he is expected to proclaim the improved readiness of Iraqi troops, which he has identified as the key condition for withdrawing U.S. troops. ...More

Historians amongst you might like to look at this

Financial scribblers might just note that 18 months ago the WT oil futures Dec 2005 was US$38.75.

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(C) Very Seriously Disorganised Criminals 2002/3/4/5/6/7/8/9 - copy anything you wish