Talk amongst yourselves

I’m too tired to post anything tonight.

However, for my SNN fans, I just emailed Tom my latest segment. There will be a year-end SNN podcast with a few new pieces and some of our greatest hits from 2008.

Posted in Podcasts | Comments Off on Talk amongst yourselves

Majel Barrett, 1932-2008

Majel Barrett has died.

My favorite of all her roles—and I’m sure there will be many of you out there utterly horrified by this—was Lwaxana Troi. The intergalactic Jewish mother—what’s not to love?

Posted in Pop Culture, Television | 5 Comments

Don’t get too chummy with that flaming dummy

Didn’t his parents teach him not to play with fire?

Bonus: Note the third word on the protest signs: “Foolish.”

Priceless isn’t it?

There something serious to this though. Whenever there’s a protest in the Arab world, there are no shortage of reporters who’ll trumpet it as the “Arab street” speaking and having something of value to communicate to us in the West.

It was especially true this week after Muntader al-Zaidi threw his shoes at President Bush. Major American newspapers ran front page stories about how al-Zaidi is now a hero of the Arab world.

The media’s behavior is disgraceful. The media promote themselves as champions of freedom and liberty and yet for every Arab protest against President Bush, or Danish cartoon or the atrocious conditions in Gaza that they promote – yes, promote, not report -there’s a question that’s not asked.

Where’s the protest against the treatment of Copts and political opponents in Egypt? Or where’s the protest against honor killings? Or where’s the protest against the persecution of Christians in the Arab world? Or where’s the protest against the rockets being launched against civilians in southern Israel? Or where’s the protest against the increasing rate of executions in Iran? Or where’s the protest against the oppression of women in Saudi Arabia? Or where’s the protest against the stifling of dissent in Syria?

And the answer to each of these questions is: there are none. The government wouldn’t allow it.

Mr. al-Zaidi is living proof of that. He threw a shoe at President Bush and is still breathing. Had he done so six years ago when Saddam Hussein was hosting a foreign dignitary, there wouldn’t have been enough left of him to bury.

The media must know this. And yet they report uncritically on Arab protests, without even a hint of irony, as if we are to take these protests as the voice of the people.

In many of these reports there’s a scarcely contained glee that the protesters validate their hatred of President Bush and share their contempt of Israel. The solidarity boosts the reporters’ progressive credentials. But the protesters only protest what their governments allow. So in the end, the reporters and the media they work for are simply giving voice to the despots and hurting the cause of freedom they claim to champion.
Crossposted on Soccer Dad.

Posted in Media Bias | Tagged | 1 Comment

OPEC cuts can’t stop the slide

Crude oil is currently at $34.54/bbl, the lowest price in years. The OPEC cuts don’t seem to be affecting the law of supply and demand. Who knew?

Dec. 19 (Bloomberg) — Crude oil headed for the second- biggest weekly decline in more than five years as a deepening global recession sapped demand, countering efforts by OPEC to boost prices.

Oil has slumped 33 percent this month even as OPEC agreed to its largest production cut in more than a decade, because traders speculated that declining demand may outweigh the reduction. Global oil use may drop the most since 1983 next year, Deutsche Bank analyst Adam Sieminski said yesterday.

“Demand is falling faster than OPEC is able to tighten supply,” said Thina Saltvedt, an oil analyst at Nordea Bank AB is Oslo. “As long as the global economy weakens, demand will continue to fall.”

Right now, it’s falling faster than Bloomberg’s writers can keep up with it. I read an article last week that had futures traders betting on $25/bbl by February. They may have been off by a month.

There are some downsides to this. Ninety percent of Alaska’s budget comes from oil revenues. Really, after tourism, that’s all Alaska’s got. And this does delay the exploration of oil sands and shale. However, it gives working Americans huge relief during these difficult times. And of course, our enemies are hurting badly right now. Russia wants to sell weapons to Iran to make up for the lost oil revenues, but Iran won’t be able to afford to buy those weapons. I think falling oil prices are going to greatly affect the political situation in the Middle East, just as rising oil prices and the money glut gave the Mad Mullahs the confidence to move forward with their nuclear ambitions.

You can’t feed your people with a nuclear bomb. If oil goes below $30 a barrel and stays there, things may change for the better. With any luck, Hamas, Hezbullah, and Syria will be cut off from their Iranian sugar daddy. Well, in a logical world they would be. Never underestimate the power of Jew-hatred in the Middle East.

Posted in Iran, Juvenile Scorn, World | Tagged | 5 Comments

Life in Israel

Here’s something you don’t usually see in the mainstream media: The Israeli citizen’s point of view.

Yesterday, Elie and I drove to the mall. A few weeks ago, we had been there to drop off something that needed to be fixed and yesterday, we decided to go and pick it up. Last time, as the guard approached the side window, I went to pop the trunk of the car with the internal lever near the driver’s seat. At the same time I was bending down to pull the lever, Elie pulled out his army ID card. As I pulled the lever, the security guard looked at the car and said, “Shalom, Achi.” Achi means “my brother,” and is not just a greeting between boys, but an incredible thing that I love about Israeli society and culture. It means we are connected; it means, I know you as my brother. It’s another one of those very Israeli things, like the slaps on the back between soldiers, the handshakes and the quick hugs.

So, with a flash of an army identity card and one quick “Shalom, Achi”, we were passed through. No additional security check was needed. I laughed as I drove through and asked Elie why he didn’t tell me he was going to do that. The trunk was now bobbing in the back window, needlessly opened because the guard didn’t need to check beyond the fact that I had an armed soldier in the front seat.

It’s a story about security. Read the whole thing.

Posted in Bloggers, Israel | Tagged | 1 Comment

When does it become a farce?

The New York Times explains why the Israeli ceasefire with Hamas didn’t work:

Their job, the Hamas officials said, was to stop the rocket attacks on Israel not only from its own armed groups, but also from others based in Gaza, including Islamic Jihad and Al Aksa Martyrs Brigades.

It took some days, but they were largely successful. Hamas imposed its will and even imprisoned some of those who were firing rockets. Israeli and United Nations figures show that while more than 300 rockets were fired into Israel in May, 10 to 20 were fired in July, depending on who was counting and whether mortar rounds were included. In August, 10 to 30 were fired, and in September, 5 to 10.

But the goods shipments, while up some 25 to 30 percent and including a mix of more items, never began to approach what Hamas thought it was going to get: a return to the 500 to 600 truckloads delivered daily before the closing, including appliances, construction materials and other goods essential for life beyond mere survival. Instead, the number of trucks increased to around 90 from around 70.

Israeli officials acknowledged that transferring previously banned goods had been the plan, but said that there was no specific date for the increase and that it was to happen in steps. But the rockets never fully stopped.

Or the explanation could be a lot simpler.

Hamas considers Israel an illegitimate state and is doctrinally committed to its destruction, while Israel views Hamas as a terrorist group that must be dismantled.

The first part is certainly true. The second part isn’t quite right. Hamas is a terrorist organization by definition, not due to some quirky Israeli “view.” Terrorist organizations that are committed to one’s destruction are not reliable good faith partners for anything. And yet:

Yet each needs the other to hold its fire. That is why negotiations over another truce have started, again through Egypt.

When does trusting Hamas become a farce?

Maybe Israel doesn’t need another truce.

Crossposted on Soccer Dad.

Posted in Hamas, Israel | Tagged | 1 Comment

IDF to Hamas: We’re not fighting the last war

Ynet quotes a senior IDF official who says that Israel is fighting the next war, while Hamas is fighting the last one.

However, officials made it clear that should Hamas and other groups continue to fire rockets and mortar shells at Israel, the IDF will weigh the use of gradual force, in a different format than it did before.

The senior security official told Ynet that the preparations for a new model of operations have been recently completed.

“The coming days will be days of longing on the part of Hamas, and days of wait for us,” he said. “They will attempt to test us, and we will make it clear to them that it’s not worth their while to continue.”

While I look forward to seeing Hamas get ripped to shreds, I’m afraid that I have to say: I’ll believe it when I see it.

Words are cheap. That’s why rockets are raining down on Israel. We’re back to the same-old, same-old.

Posted in Israel | 4 Comments

Palin vs. Congress on pay raises

Sarah Palin said no to a pay raise.

Gov. Sarah Palin didn’t ask for a pay raise and won’t accept one during her current term, a spokesman said Wednesday.

[…] But if the commission pushes ahead with a pay raise, Palin won’t accept the money, said spokesman Bill McAllister.

“Her view is, it’s just not appropriate to accept a pay raise in the middle of the term.”

Congress said yes.

Instead, they will get a $4,700 pay increase, amounting to an additional $2.5 million that taxpayers will spend on congressional salaries, and watchdog groups are not happy about it.

“As lawmakers make a big show of forcing auto executives to accept just $1 a year in salary, they are quietly raiding the vault for their own personal gain,” said Daniel O’Connell, chairman of The Senior Citizens League (TSCL), a non-partisan group. “This money would be much better spent helping the millions of seniors who are living below the poverty line and struggling to keep their heat on this winter.”

Not only that, Congress has gamed the system so that they get pay raises automatically unless they vote to change the law.

Rep. Harry Mitchell, a first-term Democrat from Arizona, sponsored legislation earlier this year that would have prevented the automatic pay adjustments from kicking in for members next year. But the bill, which attracted 34 cosponsors, failed to make it out of committee.

“They don’t even go through the front door. They have it set up so that it’s wired so that you actually have to undo the pay raise rather than vote for a pay raise,” Ellis said.

And we don’t need to go into all the perks that our Congressmen get—even leaving out what happens to them after they leave office.

Time to dig up some old Mark Twain commentary on Congress.

Posted in Politics | 1 Comment

Pretend truce is officially over

The fantasy truce—the one where it’s okay to launch a few hundred rockets, instead of thousands—has been officially declared over by Hamas, and of course, it’s not their fault. It’s Israel’s.

Hamas on Thursday declared the end of a six-month-old Egyptian-brokered ceasefire with Israel in the Gaza Strip, raising the prospect of an escalation in cross-border fighting.

“The calm, which was reached with Egyptian sponsorship on June 19 and expires on December 19, is finished because the enemy did not abide by its obligations,” said Hamas member Ayman Taha, who represented the group in talks with other Palestinian factions. “The calm is over.”

The European Union finally noticed the rocket fire and demanded that it stop. But not until it had the chance to tell Israel to stop defending herself, first.

The European Union, in a statement, called Thursday for an “immediate cessation” of both rocket fire and Israeli incursions.

I swear, I don’t really have to write new posts. I can just go back to my archives and reprint posts I wrote years ago. Nothing’s changed. Only a couple of the names of the players.

How is it that the EU can never get up the energy to condemn Hamas rocket fire until after Israel fires back at the terrorists? Really. Let’s think. Why is it that Jewish self-defense causes Europeans such anxiety? Hm.

Sorry, the only reason I can come up with is anti-Semitism, but Europe murdered or drove out most of its Jews sixty years ago, so that can’t be the case. Right? Right?

Right.

Posted in Gaza, Hamas, Israeli Double Standard Time, Terrorism | Tagged , , , | 3 Comments

Europe still pays to murder Jews

The Palestinians exceeded their European budget expectations last year. Europe apparently still has absolutely no qualms about funding the murder of Jews.

The international community has given 1.7 billion dollars (1.18 billion euros) in aid to the Palestinian Authority over the last year, the French foreign ministry said Wednesday.

That was 0.6 billion dollars more than was promised at a major donor conference held last December in Paris, spokesman Frederic Desagneaux said.

At that conference, donors promised to provide 7.4 billion dollars over three years, which was considerably more than the 5.6 billion dollars the Palestinians had requested.

The donors agreed to allocate 1.1 billion dollars in the first year.

“Such payments above the promises made are the concrete sign of the exceptional engagement of the international community,” Desagneaux said.

How much of that money went to Hamas, we wonder? The PA pays salaries in Gaza. Hamas rules Gaza. You do the math.

The only good news about the bad economy is that Europeans won’t be able to afford to keep on giving the Palestinians money. At least, one would hope.

Posted in palestinian politics, World | Tagged | 4 Comments

Gideon’s babble

Why would someone who’s self described as “left of Meretz” support Netanyahu for Prime Minister of Israel? Here’s whtat the Economist’s former Israel correspondent, Gideon Lichfield writes:

So if we’re talking about economic policy, he has a more ambitious and intelligent one than his rivals. And a Likud government will be more stable than either a Kadima or Labour one, and more able to make reforms happen. For Israel, this is better.

Of course, it’s hard to take his support for Netanyahu seriously, because immediately he becomes cynical.

For the Palestinians, of course, Likud is a different story.

Bibi says he doesn’t want to reach even a vague final-status agreement with Abbas now, as Olmert has been trying to for the past year. He talks instead about something called “economic peace”. This translates as: we’ll try to boost the West Bank economy enough so that they stop wanting to bomb us, and then, once they’re nice and quiet, we’ll think about talking about negotiating about working towards possible moves that might, in the fullness of time, when the moment is ripe, and without prejudice to Israel’s right to bomb the hell out of anyone it thinks is a threat, lead, eventually and in the long run, to Palestinian independence. Oh, and let’s not even mention Gaza.

You can guess what I think of that.

Israel has been a lot better at identifying threats than Lichfield admits. But there’s another point that he misses. Netanyahu did promote “economic peace.” Towards the end of his term in office, the government released data on the Palestinian economic situation and it was the best it had been since 1992. Furthermore, terror fatalities that had risen since the signing of Oslo and Israel’s handing over security obligations to the Palestinians were at their lowest level in years. So under Netanyahu, Palestinians had more prosperity and Israel had more security. Yet because Netanyahu insisted that Arafat abide the agreements he signed, he was undercut by the Clinton administration and pilloried in the press. By 1999, Israelis felt secure enough to elect the more accommodating Ehud Barak as their Prime Minister and by the end of 2000 they were shown how uncommitted to peace the Palestinians were.

Lichfield later makes this odd observation:

(I don’t, by the way, set much store by the argument, typical of certain hopeful leftists, that Israel’s biggest peace concessions have been made by Likud leaders. Netanyahu handed over most of Hebron to Palestinian control when he was prime minister in 1988, but under duress, not because, like Ariel Sharon with Gaza or Menachem Begin with the Sinai, he suddenly woke up and decided that it was the right thing to do.)

I’m not sure what he’s talking about. Netanyahu did hand over most of Chevron, but that was in 1997. He also signed onto the Wye accords – clearly under duress – in 1998. Netanyahu wasn’t even on the political radar in 1988. And it’s odd that he considers the Israeli withdrawal from Gaza “the right thing to do” given that Hamas has used the opportunity handed it by ramping up its war against Israel. So apparently Lichfield approves of Hamas’s war against the civilians in Sderot and Ashkelon.

He continues.

The other main thing to give one pause is that Bibi, to whom we owe the immortal fear-mongering line “It is 1938, and Iran is Nazi Germany”, is the man most likely to send Israeli fighters to bomb Iran’s nuclear facilities and possibly start another war to bring the entire Middle East down in even more flames than are engulfing it already. But I think if Israel had any window for bombing Iran, it ends when Barack Obama is sworn in. Without at least tacit support from the United States, he can’t do it.

I don’t understand why it’s fear mongering for Netanyahu to express that a madman who has declared that he wishes to wipe the Jewish state off the map and is poised to build nuclear weapons is inclined toward a Holocaust like slaughter of Jews. Isn’t Ahmadinejad – the one making the direct threats – the fear mongerer?

Finally the cynicism reaches its climax.

So I say Bibi for prime minister. And by as many seats as possible. The Israeli left needs a total defeat if it’s to rise as a serious political force again.

He doesn’t really want Netanyahu. He wants Netanyahu to fail.

I just outlined this reasoning to one of my Meretz-voting Israeli friends. He said, “Wow. You’re thinking like an Israeli.”

Given Lichfield’s views, he shouldn’t take that as a compliment.

Crossposted on Soccer Dad.

Posted in Israel, Israel Derangement Syndrome, Juvenile Scorn, Media Bias, palestinian politics | Tagged | 3 Comments

2 more from NASA

A Tectonic Feast

On Oct. 5, 2008, just after coming within about 15 miles of the surface of Enceladus, NASA’s Cassini captured this stunning mosaic as the spacecraft sped away from this geologically active moon of Saturn. Craters and cratered terrains are rare in this view of the southern region of the moon’s Saturn-facing hemisphere. Instead, the surface is replete with fractures, folds, and ridges–all hallmarks of remarkable tectonic activity for a relatively small world. In this enhanced-color view, regions that appear blue-green are thought to be coated with larger grains than those that appear white or gray.

Near the top, the conspicuous ridges are Ebony and Cufa Dorsae. This false-color mosaic was created from 28 images obtained at seven footprints, or pointing positions, by Cassini’s narrow-angle camera. At each footprint, four images using filters sensitive to ultraviolet, visible and infrared light (spanning wavelengths from 338 to 930 nanometers) were combined to create the individual frames. The view was acquired at a Sun-Enceladus-spacecraft, or phase, angle of 73 degrees.

Portions of the tiger stripe fractures, or sulci, are visible throughout the image. The icy moon’s famed jets emanate from at least eight distinct source regions, which lie on or near the tiger stripes. However, in this view, the most prominent feature is Labtayt Sulci, the approximately .6 mile-deep northward-trending chasm.

Image Credit: NASA/JPL/Space Science Institute

Earlier we got a look of Endeavor getting ready to return to the Kennedy Space Center, now we get to see it en-route.

The Journey Home

Fresh from the STS-126 mission space shuttle Endeavour, mounted atop its modified Boeing 747 carrier aircraft, flew over California’s Mojave Desert on its way back to the Kennedy Space Center in Florida on Dec. 10, 2008.

Image Credit: NASA/Carla Thomas

In addition to the Astronomy Picture of the Day, that LGF mentions, NASA also has its Image of the Day plus links to several other image galleries. It’s really great stuff.

Crossposted on Soccer Dad.

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Oh yes they will, oh no they won’t

A sampling of headlines about the status of the truce between Israel and Hamas, from Yahoo! News.

Hamas Threatens to End Truce Unless Israel Eases Restrictions
Bloomberg – Wed Dec 17, 2:06 am EST
Dec. 17 (Bloomberg) — Hamas is threatening to end a six- month cease-fire if Israel doesn’t let more food, fuel and other goods into the Gaza Strip, a leader of the militant Islamic group said.

Hamas hinting it might extend truce with Israel
San Diego Union-Tribune – Mon Dec 15, 6:03 am EST
GAZA CITY, Gaza Strip – Hamas leaders in Gaza yesterday left open the possibility of renewing a tenuous truce with Israel that is scheduled to expire Friday, putting themselves at odds with a statement by the exiled political leader of the group in Damascus, Syria.

Hamas leaders say Israel wrecking Gaza truce
Reuters via Yahoo! News – Sun Dec 14, 3:02 pm EST
Hamas leaders warned Israel on Sunday that it was wrecking a truce in the Gaza Strip, but left open the possibility of a last-minute deal to extend the six-month ceasefire.

Israel, Hamas up rhetoric as truce nears expiry
AFP via Yahoo! News – Mon Dec 15, 11:45 am EST
Israel and Hamas ratcheted up the rhetoric on Monday ahead of the expiry of a six-month Gaza truce which the Islamist rulers of the Palestinian enclave say they are unlikely to renew.

Hamas leader warns Israel of end of Gaza truce
Reuters via Yahoo! News – Sun Dec 14, 11:34 am EST
Hamas’s leader in exile was quoted as saying Sunday it would not renew a six-month-old truce with Israel in Gaza when it expires this week, raising the prospect of increased cross-border fighting.

Hamas will let Israel truce expire
The Washington Times – Mon Dec 15, 6:11 am EST
GAZA CITY, Gaza Strip | The Palestinian Islamist movement Hamas, which controls Gaza, said Sunday that a troubled Cairo-brokered truce with Israel will not be renewed when it runs out later this week.

Hamas says will not renew truce with Israel
Reuters via Yahoo! News – Sun Dec 14, 9:00 am EST
The Palestinian group Hamas will not renew a truce with Israel in the Gaza Strip that expires later this month, said a statement issued by the group in the Syrian capital on Sunday.

Hamas plays hardball with Israeli ceasefire
WorldNet Daily – Sun Dec 14, 5:48 pm EST
JAFFA, Israel – Hamas is willing to renew an expiring six-month “truce” with Israel but is delaying in hopes of extracting more concessions from the Jewish state, according to sources close to Hamas in the Gaza Strip speaking to WND.

Hamas may extend its truce with Israel
Seattle Times – Mon Dec 15, 5:21 am EST
Hamas leaders in Gaza on Sunday left open the possibility of renewing a tenuous truce with Israel that is due to expire Friday, putting themselves at odds with a statement by the exiled political leader of the group in Damascus, Syria.

Hamas: Truce with Israel will not be renewed
KRON 4 Bay Area – Sun Dec 14, 1:36 pm EST
CAIRO, Egypt (AP) – The exiled leader of the militant Palestinian group Hamas says a truce with Israel in the Gaza Strip will not be renewed once it expires.

Hamas leaders say will not extend Gaza truce
Reuters via Yahoo! News – Mon Dec 15, 3:24 am EST

I guess the consensus is … who knows?

The Spine though notices something:

11 Kassams hit Negev, 48 hours before truce set to end

and asks, What’s wrong with this headline?

It seems that continued rocket fire into Israel doesn’t constitute a breach of the ceasefire. Apparently “ceasefire” has taken on an especially elastic meaning.

UPDATE: For just how elastic that meaning is please see Elder of Ziyon who has quantified it and concluded:

The cause and effect is clear and consistent: when rockets aren’t being shot, Gazans get aid. It is as simple as that, and these facts are documented. Those “peace activists” who pretend to care about Gazans and yet stay silent about the rockets care neither about Gazan lives nor about peace.

Meryl has more and adds this observation on the reporting:

Note how the AP compares shortages of, say, cooking oil with rockets landing in Sderot shopping center parking lots. Like they’re interchangeable.

Batya adds:

There is only one way to stop terrorists, and there’s only once way to have true peace, not the rhinestone variety. We must totally and completely and unembarrassedly defeat our enemies without apologizing, without trying to make them happy, without compensating them for their losses.

Crossposted on Soccer Dad.

Posted in Hamas, Israel, Juvenile Scorn, Media Bias | Tagged | 1 Comment

The pretend truce is over

The IDF bombed a couple of rocket labs in Gaza.

Israeli aircraft conducted two nighttime air strikes against terror infrastructure in the Gaza Strip for the first time in six months, this following rocket fire on the western Negev region.

The raids, conducted during the early hours of Thursday morning, targeted a weapons cache in the north Gaza town of Jabaliya and a metal workshop used to manufacture rockets and mortars in Khan Younis, located in the southern part of the Hamas-controlled enclave.

The strikes caused extensive material damage but no injuries, witnesses and medical sources said.

Unfortunately, no terrorists were harmed during the bombing of their workshops.

Yesterday, the rocket launchers nearly got very lucky.

Three people were wounded Wednesday during a tough day in southern Israel that saw more than 20 rockets fired at Negev communities.

[…] One rocket exploded in the parking lot of a large commercial center in the southern town of Sderot. Two people sustained light wounds in the attack after being hit by shrapnel, while another man suffered damage to his ears. Magen David Adom ambulance service teams treated the wounded, who were later taken to hospital in Ashkelon. Medical teams also treated numerous anxiety victims at the scene.

By the way, the attack on Israeli civilians wasn’t important enough to merit more than a paragraph buried deep in the middle of the current AP piece on how Gaza “militants” are “ready for end of truce with Israel.” Yes, that’s AP’s words. In the headline.

At least 20 rockets were fired at Israel on Wednesday, the military said. One exploded in the border town of Sderot, wounding two people and damaging a restaurant, police said.

Paragraph nine. Here’s the lead:

Under the truce, Gaza militants were to halt rocket fire on Israeli border communities. Israel was to end raids on Gaza and allow more goods and people through its border crossings, sealed after Hamas overran the territory in June 2007.

While the Egyptian-brokered truce has brought a drop in violence, neither side is entirely happy. Israel notes the rocket fire hasn’t ended, while Palestinians complain the truce didn’t benefit Gaza, mainly because the crossings haven’t been opened, leading to widespread shortages of basic goods.

Note how the AP compares shortages of, say, cooking oil with rockets landing in Sderot shopping center parking lots. Like they’re interchangeable.

The situation is intolerable. But the IDF still isn’t going into Gaza in strength. It’s going to take a change of leadership to see that happen.

Addressing the rocket strikes Wednesday evening, Defense Minister Ehud Barak said that the IDF will embark on a Gaza operation once the situation requires such move.

“‘We are not deterred by a broad operation in Gaza, but we do not wish to rush into such operation,” he said. “We will act when the time is right; we will decide what the right time and place are.”

Please hold onto your hats for the response from the Prime Minister of Israel to the rocket fire on Israeli towns.

“The fire just stresses what we have been saying all along, which is that we cannot consent to a situation where there is a supposed lull, but reality is completely different. Of course this requires our attention, and there will be a response,” he said.

That’s telling ’em, Ehud. Wow. That’ll stop those terrorists from trying to lob rockets at Israel.

Lucky for us, Israel’s elections are only a few weeks away.

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Free market trumps OPEC

OPEC tried. You have to give it to the oil ticks. They really tried hard to manipulate a “fair” price for oil. But they can’t beat a bear market.

Oil fell to the lowest level in more than four years after the U.S. Energy Department said supplies climbed for the 11th time in 12 weeks and OPEC failed to convince traders that the glut in crude will diminish.

Inventories rose 525,000 barrels to 321.3 million barrels last week, the U.S. Energy Department said today in a weekly report. The Organization of Petroleum Exporting Countries agreed to cut output by 4.2 million barrels a day from September levels.

“There is nothing bullish in these numbers,” said Nauman Barakat, senior vice president of global energy futures at Macquarie Futures USA Inc. in New York. “The OPEC announcement looks big on first glance but really isn’t. They are playing with smoke and mirrors.”

Everybody bow your heads for a moment of silence, in honor of the free market trumping the OPEC cartel.

Nah, the hell with that. Can I get a Nelson laugh?

At 12:45 p.m., crude oil is trading at $41.72/bbl, down nearly 4.5% on the day.

Update: Finished below $40, at $39.71 for the day. Welcome to the free markets, OPEC. Hope you don’t survive the experience.

Posted in Juvenile Scorn | Comments Off on Free market trumps OPEC