News for today's 2018: 03/24/13

Don't Be an Enemy of Fun

9:00 PM Tukiyooo 0

<div dir="ltr" style="text-align: left;" trbidi="on">Hola y’all! We all love to talk a lot about what’s wrong with this country. Everyone has an opinion and what you think is the problem generally depends on which political party you belong to. But, I think I’ve actually discovered what’s REALLY wrong with America. There are too many people opposed to having fun. Who are these Enemies of Fun? <br /><div class="MsoNormal"><br /></div><div class="MsoNormal">Conservatives hate fun. HATE! In fact, as we all know, the driving force behind most conservatives is that they’re afraid that someone somewhere is having a good time. Conservatives are generally obsessed with sex, so that’s where they focus their anti-fun activities. If you’re not having one-man-one-woman married sex in the missionary position for the exclusive intent of procreation, conservatives want you thrown in jail or at least publicly shamed. Same goes for having a drink or even worse … GAMBLING! </div><div class="MsoNormal"><br /></div><div class="MsoNormal">Liberals hate fun almost as much as conservatives. I know they like to claim it isn’t true, but liberals get very upset when they see someone having fun. Let’s say you’re sitting on the front porch of your own home, minding your own business, smoking a cigarette. Liberals lose their shit over this! And, if it’s a really big home that you bought with money you made in the financial services industry and there also happens to be a really expensive car in the driveway liberals DOUBLE HATE the fun you’re having. Also sporting events where someone has to lose and not get a trophy makes liberals sooooo sad. </div><div class="MsoNormal"><br /></div><div class="MsoNormal">Teachers hate fun. Yeah, I know they have to keep kids in line and they have to be in charge and all that, but mostly the teachers are just trying to make sure the kids aren’t having any fun. Even if you’re allowed to go outside for recess there will be NO RUNNING! No loud talking or laughing! No playing Tag or Red Rover or any other game that might involve touching each other at all. Also, if the playground equipment isn’t covered with Nerf Foam then you must stay off it! </div><div class="MsoNormal"><br /></div><div class="MsoNormal">Preachers, Priests, Mullah, Rabbis and all other religious and “spiritual” leaders hate fun. Anything that’s really fun is immoral. Unless of course they are the ones engaging in said fun, then that’s different! </div><div class="MsoNormal"><br /></div><div class="MsoNormal"><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEi2xZ_8Oe3DKXDcKcYCBhjn4oZJs9fNWcidiIURNzk7wFlRWu_tXqjEIyLnWwFZpGdB7CQyJANPzNpbPNfWFbFXmFwwsDsS7BjlZN7KL97AXrWm5Qrh2qR-F86ZDEImzMrD-LhpCC6auD8/s1600/mika-brzezinski-nanny-state.jpg" imageanchor="1" style="clear: right; float: right; margin-bottom: 1em; margin-left: 1em;"><img border="0" height="216" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEi2xZ_8Oe3DKXDcKcYCBhjn4oZJs9fNWcidiIURNzk7wFlRWu_tXqjEIyLnWwFZpGdB7CQyJANPzNpbPNfWFbFXmFwwsDsS7BjlZN7KL97AXrWm5Qrh2qR-F86ZDEImzMrD-LhpCC6auD8/s320/mika-brzezinski-nanny-state.jpg" width="320" /></a></div>Nanny Staters like Michael Bloomberg and Mika Brzezinski hate most things that are fun, especially if they taste good. They are here to protect you from yourself. <span style="mso-spacerun: yes;"> </span>Want a big, refreshing Pepsi or Coke? Nope, it should be against the law. While they can’t outlaw having a cheeseburger they think they should be able to set calorie limits on foods private businesses serve to their customers who WANT those things. And, you’ve gotta love Bloomberg’s latest idea to HIDE the cigarettes. He’s hoping that if you don’t see them you won’t want any and magically everyone will stop smoking! </div><div class="MsoNormal"><br /></div><div class="MsoNormal">Bitter, angry sportswriters hate fun. A player that gets excited and wants to celebrate isn’t being classy enough for these morons. A lot of them are on full display this weekend and they don’t even bother to hide their disgust at small schools and unknowns like Florida Gulf Coast having the AUDACITY to beat people like Georgetown. They feel like the big, rich schools from the “power” conferences have some special entitlement that means the small schools should just roll over for them. Now that the tournament gets more and more even every year, with more of the “big” schools losing they’re bitching that too many teams are allowed in and arguing the NCAA should do away with the automatic qualifiers. </div><div class="MsoNormal"><br /></div><div class="MsoNormal">The internet is full of people who really fucking hate anyone having fun. I’m not really talking about haters, I’m just talking about those people who just shit all over everyone's fun. A great example would be this chick who last week was bitching up a storm about St. Patrick's Day. She was saying if you aren't FROM Ireland then you can't call yourself Irish even if you parents are from there but you aren't. Why do people get all picky and bitchy like that over something that is just about having fun?<br /><br /></div><div class="MsoNormal">All of these people I just mentioned are so sad. It must be awful to go through life never having any fun. Worse than that though is being one of those people who get angry when others are having fun. </div><div class="MsoNormal"><br /></div><div class="MsoNormal">Let’s all agree right here and right now to NEVER be an Enemy of Fun! </div><div class="MsoNormal"><a href="http://www.blogger.com/goog_38102941"><br /></a></div><div class="MsoNormal"><a href="mailto:Jayman3768@gmail.com">Jayman3768@gmail.com</a><br /><a href="http://www.twitter.com/jayman_Iws">@Jayman_IWS</a> </div><div class="MsoNormal"><br /></div><div class="MsoNormal">Speaking of fun, we celebrated Palm Funday over on I’m With Stupid Sunday morning it was pretty much nonstop fun the whole time! We talked Palm Sunday, Obama in Israel, the NCAA Tournament and more. Plus there was a live remote from Guy Ahnyurdyck in Jerusalem plus Billy Roy “Stonewall” Jackson here in Redneckville. Then we called Billy the Kid at the Beer Mine and Drive-By Mikey to check on his cholesterol. On top of all that, our correspondent Joshua brought us a very special interview of John the Apostle! All that and so much more! Check it out! </div><div class="MsoNormal"><br /></div><div class="MsoNormal"><br /></div><div class="MsoNormal"><object classid="clsid:D27CDB6E-AE6D-11cf-96B8-444553540000" codebase="http://download.adobe.com/pub/shockwave/cabs/flash/swflash.cab#version=9,0,0,0" height="105" id="143577" name="143577" width="210"><param name="movie" value="http://www.blogtalkradio.com/btrplayer.swf?file=http://www.blogtalkradio.com%2Fplaylist.aspx%3Fshow_id%3D4582209&autostart=false&bufferlength=5&volume=80&corner=rounded&callback=http://www.blogtalkradio.com/flashplayercallback.aspx" /><param name="quality" value="high" /><param name="wmode" value="transparent" /><param name="menu" value="false" /><param name="allowScriptAccess" value="always" /><embed src="http://www.blogtalkradio.com/btrplayer.swf" flashvars="file=http://www.blogtalkradio.com%2Fplaylist.aspx%3Fshow_id%3D4582209&autostart=false&shuffle=false&callback=http://www.blogtalkradio.com/FlashPlayerCallback.aspx&width=210&height=105&volume=80&corner=rounded" width="210" height="105" type="application/x-shockwave-flash" pluginspage="http://www.macromedia.com/go/getflashplayer" quality="high" wmode="transparent" menu="false" name="143577" id="143577" allowScriptAccess="always"></embed></object><br /><div style="font-size: 10px; text-align: center; width: 220px;">Listen to <a href="http://www.blogtalkradio.com/">internet radio</a> with <a href="http://www.blogtalkradio.com/im-with-stupid">Im With Stupid</a> on Blog Talk Radio<br /><br /></div></div></div>

Don't Be an Enemy of Fun

Hola y’all! We all love to talk a lot about what’s wrong with this country. Everyone has an opinion and what you think is the problem genera...

ZYPERN KRISE - EZB-SCHIEFLAGE:

6:55 PM Tukiyooo 0

<br /> <br /><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiJ5yMQI7caP_uD0hKB2jklXL4YTgcqd8zNXMVARGYJp9htLRvw5lrQiFgK0ZEeQUNGHPswhktEucPNIW2Hmz0X4h78F1Fjmn_arHHAmEtVGvKzc0v0jgDwxci-PJNNtmQ6XPIz58Jb5_RW/s1600/20130323_EUD000_1.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="225" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiJ5yMQI7caP_uD0hKB2jklXL4YTgcqd8zNXMVARGYJp9htLRvw5lrQiFgK0ZEeQUNGHPswhktEucPNIW2Hmz0X4h78F1Fjmn_arHHAmEtVGvKzc0v0jgDwxci-PJNNtmQ6XPIz58Jb5_RW/s400/20130323_EUD000_1.jpg" width="400" /></a></div><div class="MsoNormal" style="line-height: normal; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto; mso-outline-level: 1;"><b><span lang="DE-AT" style="font-family: "Times New Roman","serif"; font-size: 12.0pt; mso-ansi-language: DE-AT; mso-fareast-font-family: "Times New Roman"; mso-font-kerning: 18.0pt;"><br /></span></b></div><div class="MsoNormal" style="line-height: normal; text-align: center;"><span style="color: #0b5394;"><span style="font-size: large;"><b><span lang="DE-AT" style="font-family: "Times New Roman","serif";">DRAGHI BRAUCHT DAS GELD DER BANK-KUNDEN IN ZYPERN </span></b></span></span></div><div class="MsoNormal" style="line-height: normal; text-align: center;"><br /></div><div class="MsoNormal" style="line-height: normal; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto;"><span lang="DE-AT" style="font-family: "Times New Roman","serif"; font-size: 12.0pt; mso-ansi-language: DE-AT; mso-fareast-font-family: "Times New Roman";">Via Deutsche Wirtschafts Nachrichten </span></div><div class="MsoNormal" style="line-height: normal; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto;"><br /></div><div class="MsoNormal" style="line-height: normal; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto;"><span lang="DE-AT" style="font-family: "Times New Roman","serif"; font-size: 12.0pt; mso-ansi-language: DE-AT; mso-fareast-font-family: "Times New Roman";">Für die EUROPÄISCHE Zentralbank geht es in der ZYPERN-Krise auch um das eigene Überleben: Der Großteil der Staatsanleihen von ZYPERN sind bei der EZB als Sicherheiten hinterlegt. Sie machen ein Drittel des Eigenkapitals der EZB aus. Geht ZYPERN pleite, wankt die EZB. </span></div><div class="MsoNormal" style="line-height: normal; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto;"><span lang="DE-AT" style="font-family: "Times New Roman","serif"; font-size: 12.0pt; mso-ansi-language: DE-AT; mso-fareast-font-family: "Times New Roman";">Viele Beobachter fragen sich, warum die Euro-Retter im kleinen ZYPERN nicht dasselbe machen wie in GRIECHENLAND: Dort gab es einen Schulden-Schnitt für die Investoren in griechische Staatsanleihen. Beim ZYPERN-Deal bleiben die ZYPRIOTISCHEN Staatsanleihen außen vor: Sie sind nicht vom Haircut betroffen. Auch die Bond-Inhaber von Banken-Anleihen werden nicht zur Kasse gebeten.</span></div><div class="MsoNormal" style="line-height: normal; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto;"><br /></div><div class="MsoNormal" style="line-height: normal; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto;"><span style="color: #cc0000;"><b style="mso-bidi-font-weight: normal;"><span lang="DE-AT" style="color: red; font-family: "Times New Roman","serif"; font-size: 12.0pt; mso-ansi-language: DE-AT; mso-fareast-font-family: "Times New Roman";">ZYPERN GEHÖRT LÄNGST NICHT MEHR SICH SELBER, SONDERN DER EZB</span></b></span></div><div class="MsoNormal" style="line-height: normal; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto;"><br /></div><div class="MsoNormal" style="line-height: normal; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto;"><b style="mso-bidi-font-weight: normal;"><span style="font-family: "Times New Roman","serif"; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";">Hintergrund: </span></b></div><div class="MsoNormal" style="line-height: normal; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto;"><span style="color: #0b5394;"><b><span style="font-family: "Times New Roman","serif"; font-size: 12pt;">DE FACTO LOSS OF SOVEREIGNTY: CYPRUS MAKES BIG CONCESSIONS FOR BAILOUT (via Der Spiegel )</span></b></span></div><div class="MsoNormal" style="line-height: normal; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto;"><a href="http://news-these-days.blogspot.com.ar/2013/01/cyprus-under-claws-of-imf.html"><b style="mso-bidi-font-weight: normal;"><span style="font-family: "Times New Roman","serif"; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";">http://news-these-days.blogspot.com.ar/2013/01/cyprus-under-claws-of-imf.html</span></b></a><br /><br /><b style="mso-bidi-font-weight: normal;"><span style="font-family: "Times New Roman","serif"; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";"> <span style="color: #0b5394;">EU - ZYPERN - GENERALPROBE</span></span></b><br /><b style="mso-bidi-font-weight: normal;"><span style="font-family: "Times New Roman","serif"; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";"> <a href="http://news-these-days.blogspot.com.ar/2013/03/eu-zypern-generalprobe-erfolgreiche.html">http://news-these-days.blogspot.com.ar/2013/03/eu-zypern-generalprobe-erfolgreiche.html</a></span></b></div><div class="MsoNormal" style="line-height: normal; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto;"><br /></div><div class="MsoNormal" style="line-height: normal; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto;"><b style="mso-bidi-font-weight: normal;"><span style="font-family: "Times New Roman","serif"; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";"><span style="color: red;"></span></span></b></div><div class="MsoNormal" style="line-height: normal; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto;"><span lang="DE-AT" style="font-family: "Times New Roman","serif"; font-size: 12.0pt; mso-ansi-language: DE-AT; mso-fareast-font-family: "Times New Roman";">Der Grund ist einfach: Der überwiegende Teil der Staatsanleihen ZYPERNS sind bei EZB als Sicherheiten hinterlegt. Die Papiere wurden bei der EZB als Pfand für neue Schulden hinterlegt. Das heißt: ZYPERN gehört längst nicht mehr sich selber, sondern der EZB.</span></div><div class="MsoNormal" style="line-height: normal; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto;"><span lang="DE-AT" style="font-family: "Times New Roman","serif"; font-size: 12.0pt; mso-ansi-language: DE-AT; mso-fareast-font-family: "Times New Roman";">Für die Bank-Anleihen hat ZYPERN eine Staatsgarantie ausgesprochen: Gehen die Banken pleite, hat ZYPERN für die Anleihen der beiden größten Banken eine Garantie gegeben. Das bedeutet: Wenn eine der Banken pleitegeht, steht der Staat für die Schulden gerade.</span></div><div class="MsoNormal" style="line-height: normal; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto;"><span lang="DE-AT" style="font-family: "Times New Roman","serif"; font-size: 12.0pt; mso-ansi-language: DE-AT; mso-fareast-font-family: "Times New Roman";">Es gibt zwar keine offiziellen Zahlen. </span><span style="font-family: "Times New Roman","serif"; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";"><a href="http://www.zerohedge.com/news/2013-03-23/why-cyprus-matters-and-ecb-knows-it"><span lang="DE-AT" style="color: blue; mso-ansi-language: DE-AT;">Mark Gran</span></a></span><span lang="DE-AT" style="font-family: "Times New Roman","serif"; font-size: 12.0pt; mso-ansi-language: DE-AT; mso-fareast-font-family: "Times New Roman";">t von Out of the Box schätzt jedoch, dass bei der EZB Papiere im Wert von 11,6 Milliarden Dollar aus ZYPERN als Sicherheiten hinterlegt sind.</span></div><div class="MsoNormal" style="line-height: normal; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto;"><br /></div><div class="MsoNormal" style="line-height: normal; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto;"><span style="color: #cc0000;"><b style="mso-bidi-font-weight: normal;"><span lang="DE-AT" style="color: red; font-family: "Times New Roman","serif"; font-size: 12.0pt; mso-ansi-language: DE-AT; mso-fareast-font-family: "Times New Roman";">ZYPERN-PLEITE WÜRDE DAS EIGENKAPITAL DER EZB DRAMATISCH REDUZIERT</span></b></span></div><div class="MsoNormal" style="line-height: normal; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto;"><br /></div><div class="MsoNormal" style="line-height: normal; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto;"><span lang="DE-AT" style="font-family: "Times New Roman","serif"; font-size: 12.0pt; mso-ansi-language: DE-AT; mso-fareast-font-family: "Times New Roman";">Im Klartext: Das Schlimmste für Mario Draghi wäre eine Staatspleite in ZYPERN. Dann hätte die EZB einen Verlust von etwa 12 Milliarden Dollar. Das gesamte Eigenkapital der EZB betrug nach Berechnungen von </span><span style="font-family: "Times New Roman","serif"; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";"><a href="http://www.voxeu.org/article/target-losses-case-euro-breakup"><span lang="DE-AT" style="color: blue; mso-ansi-language: DE-AT;">Hans-Werner Sinn</span></a></span><span lang="DE-AT" style="font-family: "Times New Roman","serif"; font-size: 12.0pt; mso-ansi-language: DE-AT; mso-fareast-font-family: "Times New Roman";"> etwa 31 Milliarden Euro. Mit einer ZYPERN-Pleite würde das Eigenkapital der EZB folglich dramatisch reduziert.</span></div><div class="MsoNormal" style="line-height: normal; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto;"><br /></div><div class="MsoNormal" style="line-height: normal; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto;"><b style="mso-bidi-font-weight: normal;"><span lang="DE-AT" style="font-family: "Times New Roman","serif"; font-size: 12.0pt; mso-ansi-language: DE-AT; mso-fareast-font-family: "Times New Roman";">Über Target 2 ist das natürlich auch ein Thema für die Bundesbank: Im Falle eines Verlustes müssten die EUROPÄISCHEN Staaten frisches Kapital in die EZB pumpen. Für DEUTSCHLAND wären das immerhin vermutlich etwa 3 Milliarden Euro. Alle anderen Euro-Staaten müssten den Rest aufbringen.</span></b></div><div class="MsoNormal" style="line-height: normal; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto;"><br /></div><div class="MsoNormal" style="line-height: normal; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto;"><span lang="DE-AT" style="font-family: "Times New Roman","serif"; font-size: 12.0pt; mso-ansi-language: DE-AT; mso-fareast-font-family: "Times New Roman";">Im Unterschied zu den Target 2-Salden handelt es sich hierbei um reales Geld. Das muss aufgebracht werden.</span></div><div class="MsoNormal" style="line-height: normal; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto;"><span lang="DE-AT" style="font-family: "Times New Roman","serif"; font-size: 12.0pt; mso-ansi-language: DE-AT; mso-fareast-font-family: "Times New Roman";">Hier zeigt sich, welch gravierende Bedeutung ein solch kleines Land wie ZYPERN haben kann. Was geschieht, wenn ein großer Staat einen Crash hinlegt, kann man sich leicht ausmalen.</span></div><div class="MsoNormal" style="line-height: normal; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto;"><span lang="DE-AT" style="font-family: "Times New Roman","serif"; font-size: 12.0pt; mso-ansi-language: DE-AT; mso-fareast-font-family: "Times New Roman";">Dieses Szenario fürchtet Mario Draghi wie der Teufel das Weihwasser. Er muss sich an seine Ankündigung halten, alles zu tun, um den Euro zu retten.</span></div><div class="MsoNormal" style="line-height: normal; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto;"><br /></div><div class="MsoNormal" style="line-height: normal; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto;"><span style="color: #cc0000;"><b style="mso-bidi-font-weight: normal;"><span lang="DE-AT" style="color: red; font-family: "Times New Roman","serif"; font-size: 12.0pt; mso-ansi-language: DE-AT; mso-fareast-font-family: "Times New Roman";">ZYPERN ZUM RECHTSBRUCH GEZWUNGEN</span></b></span></div><div class="MsoNormal" style="line-height: normal; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto;"><br /></div><div class="MsoNormal" style="line-height: normal; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto;"><span lang="DE-AT" style="font-family: "Times New Roman","serif"; font-size: 12.0pt; mso-ansi-language: DE-AT; mso-fareast-font-family: "Times New Roman";">Daher unternehmen die Euro-Retter tatsächlich alles, um den Inhabern von Bank-Konten in ZYPERN das Geld abzunehmen. Denn ihre Guthaben sind reale Sicherheiten, auf die EZB dann zugreifen kann. </span><span style="font-family: "Times New Roman","serif"; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";">Die Staatsanleihen sind faktisch nicht mehr zu gebrauchen.</span></div><div class="MsoNormal" style="line-height: normal; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto;"><span lang="DE-AT" style="font-family: "Times New Roman","serif"; font-size: 12.0pt; mso-ansi-language: DE-AT; mso-fareast-font-family: "Times New Roman";">Das Schneeballsystem ist daher an einem Punkt angekommen, wo alle Schranken niedergerissen werden: Die Zwangs-Abgabe hat keinerlei rechtliche Möglichkeiten für die Konto-Inhaber. Die Insolvenz einer Bank unterläge dagegen zumindest einem vorhersehbaren rechtlichen Prozess – auch wenn die Chancen für die Kunden minimal sind, etwas von ihrem Geld wiederzusehen.</span></div><div class="MsoNormal" style="line-height: normal; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto;"><span lang="DE-AT" style="font-family: "Times New Roman","serif"; font-size: 12.0pt; mso-ansi-language: DE-AT; mso-fareast-font-family: "Times New Roman";">Auch die Kapitalverkehrs-Kontrollen in ZYPERN sind ein klarer Bruch des europäischen Rechts. In den Verträgen von Maastricht ist die Errichtung von Kapitalverkehrs-Kontrollen ausdrücklich untersagt. Nun wird ZYPERN zum Rechtsbruch gezwungen.</span></div><div class="MsoNormal" style="line-height: normal; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto;"><br /></div><div class="MsoNormal" style="line-height: normal; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto;"><b style="mso-bidi-font-weight: normal;"><span lang="DE-AT" style="font-family: "Times New Roman","serif"; font-size: 12.0pt; mso-ansi-language: DE-AT; mso-fareast-font-family: "Times New Roman";">Aber jeder Rechtsbruch ist für Mario Draghi und die Euro-Retter weniger schlimm als das Zerbrechen des Euro. Fliegt das Euro-System auseinander, bleiben alle Gläubiger auf ihren Target 2-Forderungen sitzen. Im Falle DEUTSCHLANDS sind das astronomische Summen.</span></b></div><div class="MsoNormal" style="line-height: normal; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto;"><br /></div><div class="MsoNormal" style="line-height: normal; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto;"><span lang="DE-AT" style="font-family: "Times New Roman","serif"; font-size: 12.0pt; mso-ansi-language: DE-AT; mso-fareast-font-family: "Times New Roman";">Aus dieser Perspektive ist der organisierte Bank-Raub in ZYPERN das kleinere Übel. Mario-Draghi und die Euro-Retter kämpfen auf ZYPERN nicht für das kleine Land. Sie kämpfen um das eigene, nackte Überleben.</span></div>

ZYPERN KRISE - EZB-SCHIEFLAGE:

DRAGHI BRAUCHT DAS GELD DER BANK-KUNDEN IN ZYPERN Via Deutsche Wirtschafts Nachrichten Für die EUROPÄISCHE Zentralbank geht es in der ZYP...

It was a Hike of a Trip

5:16 PM Tukiyooo 0

<br /> <br /><div class="MsoNormal">I am a visual learner – I need to experience things before I really feel comfortable doing it again. If someone shows me how to do something, I am pretty capable of repeating it. </div><div class="MsoNormal"><br /></div><div class="MsoNormal">Of course, sometimes I have to be thrown into the deep end. And a lot of those times, I feel pretty rotten because of how badly I do. The only real comfort is that when I do it again, I know what to expect.</div><div class="MsoNormal"><br /></div><div class="MsoNormal">I have a feeling that mountain hiking is going to be a lot like that.</div><div class="MsoNormal"><br /></div><div class="MsoNormal">I’m not saying that I had a terrible time hiking up Mt. Bierstadt in the middle of March in the snow. But now, I <i style="mso-bidi-font-style: normal;">know</i> what to expect, what to pack, and how I’m going to feel after 11 hours of hiking. </div><div class="MsoNormal"><br /></div><div class="MsoNormal">There was a lot of “experience” going on for me that day. I’m here to tell you all about it!</div><div class="MsoNormal"><br /></div><div class="MsoNormal"><i style="mso-bidi-font-style: normal;">Pre-hike drive playlist: <b style="mso-bidi-font-weight: normal;">The King is Dead</b> by the Decemberists, <b style="mso-bidi-font-weight: normal;">Fleet Foxes</b> by Fleet Foxes.</i></div><div class="MsoNormal"><br /></div><div class="MsoNormal">I have a group of friends around the area who are quite the adventurers. Not extreme, but they hike, climb, ski, showshoe, and do all sorts of outdoorsy-type stuff. This time, they had organized a winter hike up to the summit of Mt. Bierstadt. And I decided to try it with them.</div><div class="MsoNormal"><br /></div><div class="MsoNormal">Usually, a hike up Mt. Bierstadt is a nice little daytrip. In the summer, the mountain is crawling with hikers. Of course, it isn’t summer right now, so the mountain was pretty much empty. Our group saw one lady coming down in the morning, had two more hikers pass us near the top, and then saw one more guy in the afternoon. That was it. </div><div class="MsoNormal"><br /></div><div class="MsoNormal">The weather forecast wasn’t too appealing for the casual hiker, either. They forecasted rain for much of the area, but in the higher elevation there was bound to be snow. </div><div class="MsoNormal"><br /></div><div class="MsoNormal">My group gathered in Georgetown, about an hour west of Denver on I-70. The mountains really start to pick up around Georgetown – nearby is Mt. Evans, one of the fourteeners you can see from Denver, and a popular tourist location. </div><div class="MsoNormal"><br /></div><div class="MsoNormal">We piled into three vehicles and headed up to the trailhead of Bierstadt. Well, almost to the trailhead. About two miles from the trailhead, they stopped plowing, and hikers need to walk up the rest of the way. </div><div class="MsoNormal"><br /></div><div class="MsoNormal"><i style="mso-bidi-font-style: normal;">Georgetown to parking playlist: <b style="mso-bidi-font-weight: normal;">Cracked Rear View</b> by Hootie and the Blowfish</i></div><div class="MsoNormal"><br /></div><div class="MsoNormal">It was here where I observed what my fellow hikers wore and brought. Snow pants and rain pants, Camelbaks and backpacks, snowshoes and microspikes. Layers and layers and layers of clothing, too. I felt mostly prepared, with my layers and Yaktrax and Camelbak and hand/feet warmers, but I had a feeling I still may not have everything I need. </div><div class="MsoNormal"><br /></div><div class="MsoNormal">We started up in good spirits, and in about 10 minutes it started to snow. It was pretty clear from the clouds and the snow that we were going to be experiencing that for much of the hike. </div><div class="MsoNormal"><br /></div><div class="MsoNormal">The road went up by switchbacks, and we cut out a bit by climbing through the trees. It was pretty steep, but eventually we found the road again. We took our first break here, and I put my feet warmers in my shoes and my hand warmers in my mittens. Someone gave me a body warmer, and I put that on my t-shirt. When you shake these bags, they heat up, and as longs as they continue to shake, they can stay warm for hours. I have to say, I wasn’t cold at all through the entire hike. My fingers stayed warm and I could always feel my toes. <b style="mso-bidi-font-weight: normal;">Experience tip #1: bring hand/feet/body wamers.</b></div><div class="MsoNormal"><br /></div><div class="MsoNormal">We made it to the trailhead, where there was the one pit toilet station available for the day. They didn’t have anything on the mountain, so the best you can do is find an empty area and squat. I’ve been to China, so this wasn’t a problem. You just had to make sure to go with the wind. <b style="mso-bidi-font-weight: normal;">Experience tip #2: bring toilet paper. Apologies for being crass. </b></div><div class="MsoNormal"><br /></div><div class="MsoNormal">There were four main parts of the trail: the Willows, the switchbacks, the tundra, and the rocks. The Willows actually starts out in a descent (more on that later). We found the trail with poles that stuck up out of the ground, since there was snow. You wouldn’t think about that when hiking in the summertime. Up past the tree line, you look for cairns, which are rocks stacked up on top of each other. It made the hiking a little more of an adventure, looking for a pole or a cairn nearby. <b style="mso-bidi-font-weight: normal;">Experience tip #3: look for piles of rocks or a pole to stay on the trail.</b></div><div class="MsoNormal"><br /></div><div class="MsoNormal"><i style="mso-bidi-font-style: normal;">I didn’t use an iPod during my hike, deciding to focus on the quiet of nature. But that didn’t mean I didn’t have songs stuck in my head to keep me going.</i></div><div class="MsoNormal"><br /></div><div class="MsoNormal"><i style="mso-bidi-font-style: normal;">Internal playlist: “World on Fire” by The Royal Concept</i></div><div class="MsoNormal"><br /></div><div class="MsoNormal">We had to say goodbye to a few friends who had engagements elsewhere, so the final count was six that would try to make it up to the top.</div><div class="MsoNormal"><br /></div><div class="MsoNormal">We often stopped to catch a breath and take a drink. A few times we stopped to eat something. This was one of the dumb things I did: I only brought Cliff bars and a couple of my great no-bake cookies. Some of the others had sandwiches, chocolate bars, trail mix, crackers, and fruit. By the end I had no desire to eat my food, and that made me more tired and more cranky. <b style="mso-bidi-font-weight: normal;">Experience tip #4: bring lots of types of food and EAT IT to keep up your energy.</b></div><div class="MsoNormal"><br /></div><div class="MsoNormal"><i style="mso-bidi-font-style: normal;">“Safe and Sound” by Capital Cities</i></div><div class="MsoNormal"><br /></div><div class="MsoNormal">I had inquired before taking the hike as to how much water I should bring. I heard two liters, and my Camelbak bladder (yes, it’s called a bladder) held two liters. To be on the safe side, I also packed two other water bottles, in case I ran out. Then I drank lots of water the night before, drank water before we started, and made sure to rehydrate when I got home. That last one was REALLY important. </div><div class="MsoNormal"><br /></div><div class="MsoNormal">So you’re thinking, “Hey! You did something right!” Well, you’d be <i style="mso-bidi-font-style: normal;">kind</i> of right. The problem was that I drank my Camelbak water first…and drained the whole thing by the time I got to the top. I mentioned it to my group, and someone said that the Camelbak is insulated to prevent freezing, but the water inside the tube may have frozen. I checked when I got home, and it hadn’t frozen – I had drank every single drop!</div><div class="MsoNormal"><br /></div><div class="MsoNormal"><i style="mso-bidi-font-style: normal;">“When Can I See You Again?” by Owl City</i></div><div class="MsoNormal"><br /></div><div class="MsoNormal">The big problem was my water bottles. Since they were outside the pack, and it was below freezing, the water froze! I had to borrow water from friends on the way down. <b style="mso-bidi-font-weight: normal;">Experience tip #5: drink water bottle water first, then Camelbak water.</b></div><div class="MsoNormal"><br /></div><div class="MsoNormal">In order to keep going up, I developed a few techniques/steps to keep going. It seemed like a good idea at the time, but now it just seems pretty silly. But I digress. </div><div class="MsoNormal"><br /></div><div class="MsoNormal"><i style="mso-bidi-font-style: normal;">“Babel” by Mumford & Sons</i></div><div class="MsoNormal"><br /></div><div class="MsoNormal">The first step is the <i style="mso-bidi-font-style: normal;">Penguin</i>. As I got into the steeper territory, I pointed my toes outward, which helped me avoid too much incline in my feet. I also used the <i style="mso-bidi-font-style: normal;">Hermit, </i>where I hunched over and put the weight of my Camelbak directly on my back and took tiny steps up. I looked ridiculous, but it worked for short amounts of time. </div><div class="MsoNormal"><br /></div><div class="MsoNormal">The best move, though, was coming down the mountain. Since it would obviously be easier going down the tundra section than going up it, we spent a lot of time, well, sliding down the snow. It would have been a great chance to use a sled or skis if I’d had them. It ended up being a lot of jumping and slipping down as much as I could without toppling over. </div><div class="MsoNormal"><br /></div><div class="MsoNormal"><i style="mso-bidi-font-style: normal;">“Madness” by Muse (how appropriate.)</i></div><div class="MsoNormal"><br /></div><div class="MsoNormal">A huge factor was the weather. When we started, the clouds covered all the mountains. We could see a good distance, but it didn’t look like much. The snow fell for pretty much the entire ascent. The higher we got, the more the wind picked up, too. There was about a 20 minute span as we neared the rock portion of the hike where we considered turning around, because the wind, snow, cold, and clouds were making the trip a little less desirable. Several people said, “If someone wants to turn around, that’s fine, just say the word and we’ll head down.” But no one said anything. </div><div class="MsoNormal"><br /></div><div class="MsoNormal">We were rewarded a while later, when we caught glimpses of the sun…and the clouds broke. Suddenly we saw mountains behind us! The area we had started at was a valley <i style="mso-bidi-font-style: normal;">completely</i>surrounded by the mountains. The view was incredible. It was that extra bit of adrenaline that we needed to keep moving upwards. God made sure that the curtain was pulled back at just the right time. </div><div class="MsoNormal"><br /></div><div class="MsoNormal"><i style="mso-bidi-font-style: normal;">“Gangnam Style” by Psy</i> </div><div class="MsoNormal"><br /></div><div class="MsoNormal">Unfortunately, by the time we conquered the large rock portion of the climb (in the summer you would <i style="mso-bidi-font-style: normal;">avoid</i> putting your feet on the rocks; in the winter you avoid putting your feet in the <i style="mso-bidi-font-style: normal;">snow</i>), the clouds had covered Bierstadt, the snow had picked up, and you couldn’t see a thing. It didn’t matter, though. I had five people that served as witnesses that I made it to the top of that mountain. Yes, in pictures it doesn’t look like much, but it’s all about depth perception. Once we got up there, we realized it was quite the fourteener to conquer.</div><div class="MsoNormal"><br /></div><div class="MsoNormal">The curtain was once again opened as we were heading down, and this time the sun completely appeared under a beautiful blue sky. I believe that the red on my face was from the sun reflecting off the snow, and not from windburn. We ended up stopping halfway down, plopping ourselves in the snow, and having a “meal.” I even had a victory beer. <b style="mso-bidi-font-weight: normal;">Experience tip #6: don’t drink beer. At least, not until AFTER the hike is over. It will give you a stomachache. It won’t feel great inside your system, either.</b></div><div class="MsoNormal"><br /></div><div class="MsoNormal"><i style="mso-bidi-font-style: normal;">“Harbour Lights” by A Silent Film</i></div><div class="MsoNormal"><br /></div><div class="MsoNormal">For much of the hike I had been in decent spirits. Even when I kept losing my Yaktrax in the snow (eventually losing both of them completely), needing to use the bathroom, and frustrated with the snow and clouds, I kept talking. But after our “meal,” I started not feeling the best. Yes, the beer was one of the factors, but there were others. My water was slushy in the water bottle. My hand warmers kept my hands warm, but my mittens had frozen. My nose kept running. And that snowfall that had taken place while we were at the top had laid down an inch of fresh, fluffy snow in the switchback/Willows area. That was the worst. Some in the group broke out their snowshoes, but I didn’t have anything. Instead, I kept finding the fresh snow and falling knee-deep in it. If I was lucky, I stepped on the already-packed-down snow. But most of the time I was not. And that made me really tired and cranky. </div><div class="MsoNormal"><br /></div><div class="MsoNormal">I tried to keep it to myself, but I didn’t do a very great job. But my hiking buddies, bless their hearts, tried to keep spirits high. Whether it was talking to me or talking to others, they kept up a good conversation. They kept up the encouragement, and urging us on with “We’re almost there!” and more stuff like that. I wish I had tried harder to be more positive in this point, but once we reached the Willows, it really felt like we were never going to get back to the trailhead. I wasn't the best hiking buddy that I could have been. Sorry, hiking buddies. </div><div class="MsoNormal"><br /></div><div class="MsoNormal"><i style="mso-bidi-font-style: normal;">“Kill Your Heroes” by AWOLNATION</i> </div><div class="MsoNormal"><br /></div><div class="MsoNormal">Remember how I said at the beginning of the hike that the Willows actually started downhill? Well, after 9 hours of hiking, the Willows portion was now an <i style="mso-bidi-font-style: normal;">uphill</i> climb. And at this point, I <i style="mso-bidi-font-style: normal;">really, really </i>didn’t want to do any uphill climbing. I really could not remember how long we had hiked in the Willows, and because of the fresh snow, I could barely remember the trail. Our leader kept taking us to the poles, but I just wanted to see some sort of light at the end of the metaphorical tunnel. </div><div class="MsoNormal"><br /></div><div class="MsoNormal">Finally, <i style="mso-bidi-font-style: normal;">finally, </i>we got to the blessed outhouse. That pit toilet meant that we just had to follow the road downhill, and we’d be at the car. Yes, there was snow we’d have to slog through, but just getting out of the Willows made me feel a lot better. We didn’t take that steep shortcut like we had in the morning, but followed the road down. </div><div class="MsoNormal"><br /></div><div class="MsoNormal"><i style="mso-bidi-font-style: normal;">“Galvanize” by The Chemical Brothers</i></div><div class="MsoNormal"><br /></div><div class="MsoNormal">Just before darkness fell, we got back to the car. After 11 hours of cold, wind, and snow, it was wonderful to get back into a car with <i style="mso-bidi-font-style: normal;">heat.</i> And when I got back to my vehicle, I could finally revel in the fact that I had just gone up <i style="mso-bidi-font-style: normal;">and down</i> a mountain!</div><div class="MsoNormal"><br /></div><div class="MsoNormal">I highly doubt I’ll try another winter fourteener – especially since Bierstadt is probably the “easiest” winter fourteener in Colorado. But the idea of hiking on dirt paths is incredibly appealing. Anything has to be easier than keeping yourself from sinking in the snow!</div><div class="MsoNormal"><br /></div><div class="MsoNormal">Did this experience convince me to try again? I think I have one more fourteener inside of me. I am curious to see how a summer fourteener is different. And hopefully, thanks to the experiences I had during this fourteener, I will be more ready and more prepared mentally and physically for what I will be facing! </div>

It was a Hike of a Trip

I am a visual learner – I need to experience things before I really feel comfortable doing it again. If someone shows me how to do somethin...

Nexxus Frizz Defy Review

5:01 PM Tukiyooo 0

<div style="text-align: center;"><span style="font-family: Verdana, sans-serif;"><br /></span><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhReWQ_-iAXRxevFVEsQmGeXK3YtR_eHSKtgXxU7RCOMQD3MLixFCiGw3BZ37nAwD92T_zPxMlO-s7NKoVHICxd_vHPoaT2O1_roNnYriq8KTbxiCSrQVVqTPUWOR6YFlsNxdSrRVWftUA/s1600/nexxus+hair+care.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="208" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhReWQ_-iAXRxevFVEsQmGeXK3YtR_eHSKtgXxU7RCOMQD3MLixFCiGw3BZ37nAwD92T_zPxMlO-s7NKoVHICxd_vHPoaT2O1_roNnYriq8KTbxiCSrQVVqTPUWOR6YFlsNxdSrRVWftUA/s320/nexxus+hair+care.png" width="320" /></a></div><span style="font-family: Verdana, sans-serif;"><br /></span><span style="font-family: Verdana, sans-serif;">One thing that I can't stand is frizzy hair! </span></div><div style="text-align: center;"><span style="font-family: Verdana, sans-serif;"><br /></span></div><div style="text-align: center;"><span style="font-family: Verdana, sans-serif;">Whether it's hot or cold outside my hair is total frizz!</span></div><div style="text-align: center;"><span style="font-family: Verdana, sans-serif;">It's just gross, especially on those hot summer days my hair is all over the place!</span></div><div style="text-align: center;"><span style="font-family: Verdana, sans-serif;"><br /></span></div><div style="text-align: center;"><span style="font-family: Verdana, sans-serif;">It's frizzy, full of static and just a hassle to manage until now.</span></div><div style="text-align: center;"><span style="font-family: Verdana, sans-serif;"><br /></span></div><div style="text-align: center;"><span style="font-family: Verdana, sans-serif;">My hair is more manageable now since I started using <a href="http://www.nexxus.com/">Nexxus</a>'s Frizz defy shampoo and conditioner which I was sent for review.</span></div><div style="text-align: center;"><br /></div><div style="text-align: center;"><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEixkIhz7sFyuJdIOtIVpNWaKvFtXrlKPLzlrQnsbslLSi927bipbxeuGWdLCwiH4inusNaU_HsYLZQ2AfsjBZg5WVYH4anPv5d6fqZA3ESPHDLD3BABKprrnUDTp8_kjKB3bJMpUGnd1Yg/s1600/nexxus.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="320" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEixkIhz7sFyuJdIOtIVpNWaKvFtXrlKPLzlrQnsbslLSi927bipbxeuGWdLCwiH4inusNaU_HsYLZQ2AfsjBZg5WVYH4anPv5d6fqZA3ESPHDLD3BABKprrnUDTp8_kjKB3bJMpUGnd1Yg/s320/nexxus.jpg" width="320" /></a></div><span style="font-family: Verdana, sans-serif;"><br /></span></div><div style="text-align: center;"><span style="font-family: Verdana, sans-serif;">Infused with Moroccan Argan Oil and coconut extracts make my hair easy to brush, shiny and smelling oh so good! </span></div><div style="text-align: center;"><br /></div><div style="text-align: center;"><span style="font-family: Verdana, sans-serif;">The first time I used it I've noticed a difference right away.</span></div><div style="text-align: center;"><span style="font-family: Verdana, sans-serif;"><br /></span></div><div style="text-align: center;"><span style="font-family: Verdana, sans-serif;">Can you believe it that it reduces frizz up to 87% all day long?</span></div><div style="text-align: center;"><span style="font-family: Verdana, sans-serif;"><br /></span></div><div style="text-align: center;"><span style="font-family: Verdana, sans-serif;">That's amazing!</span></div><div style="text-align: center;"><span style="font-family: Verdana, sans-serif;"><br /></span></div><div style="text-align: center;"><span style="font-family: Verdana, sans-serif;">Reduces frizz from heat styling such as curling iron, blow dryer and even humidity. </span></div><div style="text-align: center;"><span style="font-family: Verdana, sans-serif;"><br /></span></div><div style="text-align: center;"><span style="font-family: Verdana, sans-serif;">I am totally in love with these products that I've received.</span></div><div style="text-align: center;"><span style="font-family: Verdana, sans-serif;"><br /></span></div><div style="text-align: center;"><span style="font-family: Verdana, sans-serif;">How did they know coconut is my favorite scent?</span></div><div style="text-align: center;"><span style="font-family: Verdana, sans-serif;"><br /></span></div><div style="text-align: center;"><span style="font-family: Verdana, sans-serif;">You've got to check them out online!</span></div><div style="text-align: center;"><span style="font-family: Verdana, sans-serif;"><br /></span></div><div style="text-align: center;"><span style="font-family: Verdana, sans-serif;">Website : </span></div><div style="text-align: center;"><span style="font-family: Verdana, sans-serif;"><br /></span></div><div style="text-align: center;"><span style="font-family: Verdana, sans-serif;"><a href="http://www.nexxus.com/">http://www.nexxus.com/</a></span></div><div style="text-align: center;"><br /></div><div style="text-align: center;"><span style="font-family: Verdana, sans-serif;">Twitter: </span></div><div style="text-align: center;"><span style="font-family: Verdana, sans-serif;"><br /></span></div><div style="text-align: center;"><a href="https://twitter.com/nexxushair"><span style="font-family: Verdana, sans-serif;">https://twitter.com/nexxushair</span></a></div>

Nexxus Frizz Defy Review

One thing that I can't stand is frizzy hair! Whether it's hot or cold outside my hair is total frizz! It's just gross, especial...

India!

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India!

Here's a great blog post by my sister about her travels in India. There are also a few photos too. Enjoy!

When Spencer Tunnick came to Ireland

10:32 AM Tukiyooo 0

When Spencer Tunnick came to Ireland

American photographer Spencer Tunnick is best known for organizing large-scale nude-shoots all over the world. In 2008, he visited Ireland a...

Poor puppy

6:43 AM Tukiyooo 0

There we were trying to enjoy our breakfast in The Farm on Leeson Street while Bones stared in at us while he waited in the car.  Poor little fella'. BTW, the pancakes were "American Style".  They definitely were fatter and fluffier than Irish pancakes.  I wonder what is the difference.  Does bicarbonate of soda get added to the American pancake batter? <br/><br/><div class="separator"style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjImMDT7X5a7KG8rSV0spFSbln-aWX6W7KXcOkC4tUz9N4cgXESLfH5j_CeUYCjd_tX9wRWRU3-VPwkHhtOLrBBizM-Q5ytb4egOrIJVn8vHEPlwKvIBBi8MhGWmyLw_jqfM77FuK-3-xlY/s640/blogger-image--1629960199.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjImMDT7X5a7KG8rSV0spFSbln-aWX6W7KXcOkC4tUz9N4cgXESLfH5j_CeUYCjd_tX9wRWRU3-VPwkHhtOLrBBizM-Q5ytb4egOrIJVn8vHEPlwKvIBBi8MhGWmyLw_jqfM77FuK-3-xlY/s640/blogger-image--1629960199.jpg" /></a></div> <br/><br/><div class="separator"style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEge1FdcmBLLr-W8Z63UWnZjT9xD053fwl3N4dqScYMqyEsR0qaCSJbCRjUXZs9KxLKyCH4p-ZqNfpoHZU-wTs8dBUgNFg-F6ttwtHjWofmlMroTamgY4afN6-Qm41vb8hSxrp7aj9UMQEtV/s640/blogger-image--2132779199.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEge1FdcmBLLr-W8Z63UWnZjT9xD053fwl3N4dqScYMqyEsR0qaCSJbCRjUXZs9KxLKyCH4p-ZqNfpoHZU-wTs8dBUgNFg-F6ttwtHjWofmlMroTamgY4afN6-Qm41vb8hSxrp7aj9UMQEtV/s640/blogger-image--2132779199.jpg" /></a></div> <br/><br/><div class="separator"style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgCxf2t-yP5Y1FzKUBQN5vyEPdMh1L21W9vpmWw0fT-Ia4DI5QF-9E71z6gWAUdMtiQH29nWMDN5GRTqJqv-mb4MrVZQbCRwotKUc_u-teLCGtwTfSiiCK2IRJkZEGb5Atu46_wtbLnJjGD/s640/blogger-image-1613212734.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgCxf2t-yP5Y1FzKUBQN5vyEPdMh1L21W9vpmWw0fT-Ia4DI5QF-9E71z6gWAUdMtiQH29nWMDN5GRTqJqv-mb4MrVZQbCRwotKUc_u-teLCGtwTfSiiCK2IRJkZEGb5Atu46_wtbLnJjGD/s640/blogger-image-1613212734.jpg" /></a></div> <br/><br/><div class="separator"style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEivIGaNiB4IWUX5GRKY3BmweCPs18DFjD_4Kwn11OA-s6HSCelwSU9KQx0_KymhtpBMF9LBZNEiWCcE7wfByNnBaljcWPRursZAd5B8ffv3uXOSuNse95QxiAgQFefddduTNssdIzGNbW_O/s640/blogger-image-2073373612.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEivIGaNiB4IWUX5GRKY3BmweCPs18DFjD_4Kwn11OA-s6HSCelwSU9KQx0_KymhtpBMF9LBZNEiWCcE7wfByNnBaljcWPRursZAd5B8ffv3uXOSuNse95QxiAgQFefddduTNssdIzGNbW_O/s640/blogger-image-2073373612.jpg" /></a></div> <br/><br/><div class="separator"style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj7bDIzJhwglCNBNh0vlMhnt2pSs2kdKsUA1XF2-FQ4WOu0sb4dDC6rLaTFJNz5UEl_87eRhBtX3Wrw51dBHIKlWer3aq_ADyNbWaetgwBP1GaeTgm9xfittWnCp7y77m6gcdzwfuhKsQ_e/s640/blogger-image-2074138570.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj7bDIzJhwglCNBNh0vlMhnt2pSs2kdKsUA1XF2-FQ4WOu0sb4dDC6rLaTFJNz5UEl_87eRhBtX3Wrw51dBHIKlWer3aq_ADyNbWaetgwBP1GaeTgm9xfittWnCp7y77m6gcdzwfuhKsQ_e/s640/blogger-image-2074138570.jpg" /></a></div>

Poor puppy

There we were trying to enjoy our breakfast in The Farm on Leeson Street while Bones stared in at us while he waited in the car. Poor littl...

PERU AND COLOMBIA:

6:43 AM Tukiyooo 0

<br /> <br /><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjk4ckMlsrodcEtUmowqxKV1c5XxAaZe-Nbsvh0NGnQ76RK5yUl9RL_-E1X60E1YH5JWo0rljlyl6viCc3z4uFzqLc0X8cBTCtHNHfSZOdkCuJKlxI_dD5KkH5grtINkfRNDSqhyphenhyphen1ES8XrR/s1600/peruimages.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="316" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjk4ckMlsrodcEtUmowqxKV1c5XxAaZe-Nbsvh0NGnQ76RK5yUl9RL_-E1X60E1YH5JWo0rljlyl6viCc3z4uFzqLc0X8cBTCtHNHfSZOdkCuJKlxI_dD5KkH5grtINkfRNDSqhyphenhyphen1ES8XrR/s320/peruimages.jpg" width="320" /></a></div><div class="MsoNormal" style="line-height: normal; text-align: center;"><b><span style="font-family: "Times New Roman","serif"; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman"; mso-font-kerning: 18.0pt;"><br /></span></b></div><div class="MsoNormal" style="line-height: normal; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto; mso-outline-level: 1;"><b><span style="font-family: "Times New Roman","serif"; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman"; mso-font-kerning: 18.0pt;"></span></b></div><div class="MsoNormal" style="line-height: normal; text-align: center;"><span style="font-size: large;"><span style="color: #0b5394;"><b><span style="font-family: "Times New Roman","serif";">TWO OPPORTUNITIES DEVOID OF RESOURCE NATIONALISM</span></b></span></span></div><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;"><span style="font-family: "Times New Roman","serif"; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";"><br /></span></div><div class="MsoNormal" style="line-height: normal; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto;"><span style="font-family: "Times New Roman","serif"; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";">While resource nationalism initiatives have scared away investors in ARGENTINA, BOLIVIA, ECUADOR and VENEZUELA, PERU and COLOMBIA are two LATIN AMERICA venues that offer relatively hassle-free investment and have plenty of new acreage openings. In PERU, we think LNG is the hot track to follow, while in COLOMBIA, it’s all about shale oil—if you can stomach the improving but lingering security threat. </span></div><div class="MsoNormal" style="line-height: normal; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto;"><br /></div><div class="MsoNormal" style="line-height: normal; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto;"><span style="color: #cc0000;"><b><span style="font-family: "Times New Roman","serif"; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";">PERU: ALL ABOUT LNG</span></b></span></div><div class="MsoNormal" style="line-height: normal; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto;"><br /></div><div class="MsoNormal" style="line-height: normal; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto;"><span style="font-family: "Times New Roman","serif"; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";">Against the backdrop of increasing resource nationalism in LATIN AMERICA, PERU stands out because of its untapped natural gas reserves, a new LNG plant, new investor-friendly policies and an independent licensing regime.</span></div><div class="MsoNormal" style="line-height: normal; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto;"><span style="font-family: "Times New Roman","serif"; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";">While PERU is a net importer of oil, it is a net exporter of natural gas and also home to SOUTH AMERICA’S first liquefied natural gas (LNG) plant.</span></div><div class="MsoNormal" style="line-height: normal; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto;"><br /></div><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjXBx6jMgnnSrg1xsEN7LQkLjX2OarX5BicNXzj5AfIPBknuHYi3-JTEVKa8MLRfPoWbGg0DGwnEKjYkYarfcpgCARcp1t-jJrcqHEZy8Kdk8vm4b55uko3wEg86xOYhylY035ijBXnfIEm/s1600/AE1671.png" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img border="0" height="320" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjXBx6jMgnnSrg1xsEN7LQkLjX2OarX5BicNXzj5AfIPBknuHYi3-JTEVKa8MLRfPoWbGg0DGwnEKjYkYarfcpgCARcp1t-jJrcqHEZy8Kdk8vm4b55uko3wEg86xOYhylY035ijBXnfIEm/s320/AE1671.png" width="292" /></a></div><div class="MsoNormal" style="line-height: normal; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto;"><span style="font-family: "Times New Roman","serif"; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";">In a nutshell, PERU has 18 sedimentary basins with high hydrocarbons potential, but only six are undergoing any significant exploration activity and only three are currently producing. Geologically, the potential is vast: Nine of the 18 basins are located in the PERUVIAN coastal regions and the continental shelf; those basins in the central and southern continental shelf are particularly underexplored. In 2011, 18 exploratory wells were spudded, with another 25 drilled by the end of 2012 and more than 30 hoped for by the end of 2014.</span></div><div class="MsoNormal" style="line-height: normal; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto;"><span style="font-family: "Times New Roman","serif"; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";">As of early last year, PERU had around 582 million barrels of proven oil reserves, adding about 50 million barrels to its reserves annually for the past two years. The onshore reserves are largely in the Amazon, while offshore reserves have been discovered most notably in the Talara basin (1.4 billion barrels of recoverable oil). Onshore, the most recent big discovery was in the Maranon Basin (970 million barrels of recoverable oil).</span></div><div class="MsoNormal" style="line-height: normal; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto;"><br /></div><div class="MsoNormal" style="line-height: normal; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto;"><span style="font-family: "Times New Roman","serif"; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";">As of 2012, foreign oil companies had managed to get a hold of 41% of the exploration license area in the Amazon, but the country’s attempt to lure in more investors could see this nearly double in the coming 2-3 years. (Right now there are more than 50 foreign oil companies engaged in oil and gas exploration and drilling in PERU). Bidding rounds in late 2011 saw 11 new exploration licenses and production contracts awarded. In late 2012, another 22 exploration blocks were up for auction in the Amazon region.</span></div><div class="MsoNormal" style="line-height: normal; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto;"><br /></div><div class="MsoNormal" style="line-height: normal; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto;"><span style="color: #cc0000;"><b style="mso-bidi-font-weight: normal;"><span style="font-family: "Times New Roman","serif"; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";">PERU IS INTENDING TO CREATE A GAS CONCESSION BORDERING OR EVEN INCLUDING PARTS OF THE MANU NATIONAL PARK IN THE AMAZON TO EXTEND EXPLORATION ACTIVITIES THERE!</span></b></span></div><div class="MsoNormal" style="line-height: normal; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto;"><br /></div><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjDjLBaqBdHNUGf5EnEz3MKks_T76tl00E56aoaeixnnH1ScpL2KXUC1dhONGvm_jm51vr46o7RYsNCVppOmzEGZBn29uvmQ9ZVcBl0tht131J72u6bHo5q_RXGNMXc4ThvVtXiCC65iDpg/s1600/AE1672.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="300" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjDjLBaqBdHNUGf5EnEz3MKks_T76tl00E56aoaeixnnH1ScpL2KXUC1dhONGvm_jm51vr46o7RYsNCVppOmzEGZBn29uvmQ9ZVcBl0tht131J72u6bHo5q_RXGNMXc4ThvVtXiCC65iDpg/s400/AE1672.png" width="400" /></a></div><div class="MsoNormal" style="line-height: normal; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto;"><br /></div><div class="MsoNormal" style="line-height: normal; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto;"><span style="font-family: "Times New Roman","serif"; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";">Many of PERU’S oilfields are already reaching declining output, and while new exploration may boost reserves, we’d rather talk about the potential of natural gas liquids. </span></div><div class="MsoNormal" style="line-height: normal; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto;"><span style="font-family: "Times New Roman","serif"; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";">Almost all of PERU’S natural gas liquids production is from onshore fields. Right now, PERU has about 12.5 trillion cubic feet of proven natural gas reserves, with its largest field in Camisea, in the southeast. Production here began in 2004 and has grown by nearly 40% year-on-year. However, the rate of natural gas production began exceeding domestic consumption in 2010. By December 2010, PERU'S natural gas production was in excess of 1 Bcf per day, mostly from the Camisea reserve. <a href="http://www.bnamericas.com/company-profile/en/Peru_LNG_S,R,L,-Peru_LNG"><span style="color: blue;">PERÚ LNG's</span></a> revenue last year reached $1.33bn, up 3.94% from 2011. But it’s still not fully explored, and we could see another 318 billion cubic feet discovered as this progresses. </span></div><div class="MsoNormal" style="line-height: normal; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto;"><br /></div><div class="MsoNormal" style="line-height: normal; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto;"><span style="font-family: "Times New Roman","serif"; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";">But there are other, newer fields that hold great potential for exploration. </span></div><div class="MsoNormal" style="line-height: normal; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto;"><br /></div><div class="MsoNormal" style="line-height: normal; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto;"><span style="font-family: "Times New Roman","serif"; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";">•    Madre de Dios (onshore): Lot 76 of Madre de Dios, in southern PERU, is currently being explored by Hunt Oil, which believes the reserves could rival those of Camisea</span></div><div class="MsoNormal" style="line-height: normal; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto;"><span style="font-family: "Times New Roman","serif"; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";"><br />•    Ucayali Basin (onshore): This field, in central PERU, was discovered by Petrobras in 2010 and is said to contain around 1.7 trillion cubic feet of natural gas</span></div><div class="MsoNormal" style="line-height: normal; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto;"><span style="font-family: "Times New Roman","serif"; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";"><br />•    Devonian Shale: In 2009, Maple Energy discovered unconventional gas in this shale </span></div><div class="MsoNormal" style="line-height: normal; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto;"><span style="font-family: "Times New Roman","serif"; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";">(There is also a <a href="http://www.guardian.co.uk/environment/2013/feb/11/gas-company-manu-park-amazon"><span style="color: blue;">leaked document</span></a> that shows that the government of PERU is intending to create a gas concession bordering or even including parts of the Manu national park in the Amazon to extend exploration activities there. This one will get tricky, though, as it is home to indigenous peoples and is a unique area of biodiversity that UNESCO is keen to protect.) </span></div><div class="MsoNormal" style="line-height: normal; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto;"><br /></div><div class="MsoNormal" style="line-height: normal; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto;"><span style="color: #cc0000;"><b><span style="font-family: "Times New Roman","serif"; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";">NATURAL GAS INFRASTRUCTURE</span></b></span></div><div class="MsoNormal" style="line-height: normal; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto;"><br /></div><div class="separator" style="clear: both; text-align: center;"></div><div class="MsoNormal" style="line-height: normal; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto;"><span style="color: #cc0000;"><b><span style="font-family: "Times New Roman","serif"; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";"></span></b></span><b><span style="font-family: "Times New Roman","serif"; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";"></span></b>This is why we like the natural gas potential of PERU—aside from the exploration potential: pipelines and SOUTH AMERICA’S first LNG plant. Right now, there are two pipelines carrying natural gas from the Camisea fields: 1) the 336-mile, 450-million-cubic-feet/day capacity Camisea pipeline, which ends at the Pisco port terminal which handles exports; 2) a 444-mile pipeline that runs from Malvinas along the coast to Lima and Callao for residential and industrial distribution. A third pipeline, the 620-mile Southern Andean, is being built from Camisea. </div><span style="font-family: "Times New Roman","serif"; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";"></span><div class="MsoNormal" style="line-height: normal; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto;"><br /></div><div class="MsoNormal" style="line-height: normal; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto;"><span style="font-family: "Times New Roman","serif"; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";">In 2010, PERU began exporting LNG from its Melchorita plant, and by early 2012 exports had reach 15 billion cubic feet, with the bulk of exports going to SPAIN, the US, MEXICO, CHINA and SOUTH KOREA. This LNG plant is owned by the PeruLNG consortium: Hunt Oil (50%), SK Energy (20%), Repsol (20%) and Marubeni (10%). The plant has a yearly capacity of 215 billion cubic feet and expansion plans are also under way for two or three more LNG trains within the next 4-5 years.  </span></div><div class="MsoNormal" style="line-height: normal; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto;"><span style="font-family: "Times New Roman","serif"; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";">Construction also began just over two years ago on a new liquefied petroleum gases (LPG) plant in the Cuzco area in the southeast for meeting local demand.  </span></div><div class="MsoNormal" style="line-height: normal; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto;"><span style="font-family: "Times New Roman","serif"; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";">A note on governance is also appropriate here: While the state body of Perupetro manages and oversees the licensing process as well as exploration and exploitation, it does not participate as a partner or shareholder with private companies. </span></div><div class="MsoNormal" style="line-height: normal; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto;"><br /></div><div class="MsoNormal" style="line-height: normal; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto;"><span style="color: #cc0000;"><b><span style="font-family: "Times New Roman","serif"; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";">COLOMBIA: SHALE OIL EXPLORATION GAINS MOMENTUM</span></b></span></div><div class="MsoNormal" style="line-height: normal; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto;"><br /></div><div class="MsoNormal" style="line-height: normal; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto;"><br /></div><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgqiKCJ9AIGHgG7Tpz_CCz9HypmWQb_n2dDX4QufP5UQN8DKfSk1Ij0k3pKmgN0PeJKgejHGgFd-ZYbmyqfh4ZBwt-didjAATepEtrcLBmDPoj0qHF2vl9tFFYi-iPZNA6Gk8Hheg7bHEAx/s1600/AE1673.png" imageanchor="1" style="clear: right; float: right; margin-bottom: 1em; margin-left: 1em;"><img border="0" height="400" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgqiKCJ9AIGHgG7Tpz_CCz9HypmWQb_n2dDX4QufP5UQN8DKfSk1Ij0k3pKmgN0PeJKgejHGgFd-ZYbmyqfh4ZBwt-didjAATepEtrcLBmDPoj0qHF2vl9tFFYi-iPZNA6Gk8Hheg7bHEAx/s400/AE1673.png" width="298" /></a></div><div class="MsoNormal" style="line-height: normal; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto;"><span style="font-family: "Times New Roman","serif"; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";">Colombia’s oil production has risen by about 40% from 2009 to 2011—making it the fastest-growing oil producer in LATIN AMERICA. Right now, the focus is on expanding unconventional exploration, but this means treading on territory that until very recently was dominated by rebel groups. </span></div><div class="MsoNormal" style="line-height: normal; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto;"><span style="font-family: "Times New Roman","serif"; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";">Is it too early? Perhaps. The government is still in talks with the Revolutionary Armed Forces of Colombia (FARC). The security situation remains extremely complex, and will continue to dominate the potential investment climate. </span></div><div class="MsoNormal" style="line-height: normal; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto;"><span style="font-family: "Times New Roman","serif"; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";">The first auctions of shale acreage in COLOMBIA were held late last year, with ExxonMobil Corp. and COLOMBIA’S state-owned Ecopetrol SA making the highest bids for three onshore blocks—two of which are believed to contain shale oil. There really wasn’t enough data on these blocks in time for the auction: only five bids were placed for 49 blocks up for grabs. </span></div><div class="MsoNormal" style="line-height: normal; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto;"><br /></div><div class="MsoNormal" style="line-height: normal; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto;"><span style="font-family: "Times New Roman","serif"; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";">In late February, CANADIAN company Canacol Energy Ltd (CAAEF) and ConocoPhillips joined forces to explore for shale oil in COLOMBIA’S Middle Magdalena Basin. ConocoPhillips will pay $13.5 million in cash and be responsible for the cost of drilling, completing and testing some 13 wells. ConocoPhillips will get 70% of shale oil discovered in the deeper areas of the play, while Canacol will retain 30% in the deeper areas but 100% in the shallower reservoirs. This is for Canacol’s Santa Isabel contract (334,000 acres), which is only one of five contracts it has in COLOMBIA. For other contracts, Canacol has agreements with ExxonMobil Corp. and Royal Dutch Shell PLC. </span></div><div class="MsoNormal" style="line-height: normal; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto;"><br /></div><div class="MsoNormal" style="line-height: normal; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto;"><span style="font-family: "Times New Roman","serif"; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";">We like Canacol in COLOMBIA because we believe it is the best positioned to take advantage of the country’s unconventional shale oil play.</span></div><div class="MsoNormal" style="line-height: normal; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto;"><span style="font-family: "Times New Roman","serif"; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";">Right now, this is really a play for the juniors—small and medium-sized businesses. Discoveries haven’t been on a massive scale, but we like the trend that has emerged with Canacol—junior exploration lures in the majors. </span></div><div class="MsoNormal" style="line-height: normal; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto;"><br /></div><span style="color: #cc0000;"> </span><div class="MsoNormal" style="line-height: normal; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto;"><span style="color: #cc0000;"><b><span style="font-family: "Times New Roman","serif"; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";">THE KEY BASINS:</span></b></span></div><div class="MsoNormal" style="line-height: normal; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto;"><br /></div><div class="MsoNormal" style="line-height: normal; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto;"><b><span style="font-family: "Times New Roman","serif"; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";">The Middle Magdalena Basin:</span></b><span style="font-family: "Times New Roman","serif"; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";"> This is where the big attention is now. This basin is located in the <a href="http://www.searchanddiscovery.com/documents/2011/10296prince/"><span style="color: blue;">Eastern Cordilleras of the Colombian Andes</span></a> and exploration to date has led to discoveries of some 1.9 billion barrels of oil and 2.5 trillion cubic feet of gas. Explorers are already calling this the next Eagle Ford, and comparing it also to western ARGENTINA’S Vaca Muerta shale. Some have put recoverable shale gas reserve estimates at 31.7 trillion cubic feet. </span></div><div class="MsoNormal" style="line-height: normal; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto;"><b><span style="font-family: "Times New Roman","serif"; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";">The Llanos Basin:</span></b><span style="font-family: "Times New Roman","serif"; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";"> This east-central COLOMBIA is one of the most prospective areas for E&P, with more than 1.5 billion barrels of recoverable oil recorded so far. Around 70% of current production comes from this basin. This is the sight of a heavy oil belt (particularly in the Rubiales Field—4.38 billion barrels of oil in place).  </span></div><div class="MsoNormal" style="line-height: normal; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto;"><b><span style="font-family: "Times New Roman","serif"; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";">Caguan-Putumayo Basin:</span></b><span style="font-family: "Times New Roman","serif"; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";"> This basin is in the country’s southwest, bordering ECUADOR and PERU and covering around 104,000 square kilometers. So far, more than 365 million barrels have been discovered in 19 different fields. </span></div><div class="MsoNormal" style="line-height: normal; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto;"><b><span style="font-family: "Times New Roman","serif"; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";">Catatumbo Basin: </span></b><span style="font-family: "Times New Roman","serif"; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";">A southwest extension of the Maracaibo Basin in VENEZUELA, the Catatumbo basin accounts for about 2% of the world’s hydrocarbon reserves. It is one of the most prolific basins, but only moderately explored.</span></div><div class="MsoNormal" style="line-height: normal; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto;"><br /></div><div class="MsoNormal" style="line-height: normal; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto;"><span style="font-family: "Times New Roman","serif"; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";"> </span><span style="font-family: "Times New Roman","serif"; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";">Via Oilprice</span></div>

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