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Access Subform New Record

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Even factoring in OPEC's decision to increase oil production by 500,000barrels per day starting Nov. 1, "supplies are tight," said Addison Armstrong, an analyst at TFS Energy Futures LLC. And according to analyst predictions, they're going to get even tighter. Analysts surveyed by Dow Jones Newswires, on average, expect Wednesday's report from the Energy Department's Energy Information Administration will say that crude oil inventories fell by 2.7 million barrels in the week ended Sept. 7.



Investors had already priced in OPEC's increase, and many were looking for a larger production boost, analysts said. Light, sweet crude oil for October delivery rose 74 cents to settle at $78.23 a barrel on the New York Mercantile Exchange after alternating frequently between gains and losses. The settlement price bested the previous record, set July 31, by 2 cents. Oil's rise pulled October gasoline 0.25 cent higher to settle at $1.9811 a gallon after the contract spent much of the day in negative territory. In other Nymex trading, heating oil futures rose 1.11 cents to settle at $2.1827 a gallon, and October natural gas added 4.3 cents to settle at $5.934 per 1,000 cubic feet.

In London, October Brent crude oil rose 90 cents to settle at $76.38 a barrel on the ICE Futures exchange. OPEC, which produces about 40 percent of the world's oil, had long been expected to hold production levels steady at the meeting. But rumors started circulating on Monday that Saudi Arabia was campaigning to boost production. Many analysts think the Saudis are worried high oil prices will crimp demand for crude oil, which could hurt OPEC nations in the long run.

However, some analysts interpreted the fact that Tuesday's meeting lasted longer than expected as a sign the Saudis had a hard time persuading other OPEC nations to boost production. Tim Evans, an analyst at Citigroup Inc., thinks some OPEC members are worried demand for oil will slow in the fourth quarter, which combined with more supplies could mean sharply lower prices. Many OPEC countries already produce more oil than their quotas. But Omar Farouk Ibrahim, spokesman for the Organization of Petroleum Exporting Countries, said the announced increase would be based on the group's current production, not quotas ?a

Meaning the 12-nation cartel will be adding actual oil to the market. That translates into a quota increase of nearly 1.4 million barrels per day, Evans said. "This is a big number," Evans said, adding that it would take futures traders a while to digest its significance. "This is not something that the market's going to adjust to in a few minutes." At the pump, meanwhile, gas prices slid 0.5 cent overnight to a national average of $2.814 a gallon, according to AAA and the Oil Price Information Service. Retail prices, which typically lag the futures market, peaked at $3.227 in late May.
Access Subform New Record
No, Forbes magazine hasn't published new ratings yet, where local oligarchs would press Bill Gates a bit. But enterprising Ukrainians have owned the whole outer space outside the Milky Way, our native galaxy.

As you know, in 1980 American Dennis Hope declared himself the owner of all planets in our Solar system but the Earth. This property is evaluated in volume of about 800 trillion US dollars.

Today, thanks to Hope's Lunar Embassy, about 3.5 million people in the world own ground areas on Moon, Mars, Venus and Mercury. There are many pop stars, politicians and even NASA employees among them.

Besides, naming stars after one's people or friends is in fashion lately. Lots of companies provide service of the kind, permanently blaming each other in not having appropriate rights and authorities.

Newly fledged owners of the Universe claim to have acquired ownership right for space in strict correspondence with current (international) legislation, UNO, Russian, Chinese US and Ukrainian governments being aware thereof.

Would you like to know what incognito space owners have appropriated?

No problem!

Visible part of the Universe includes at least 100 billion galaxies, each of them can number from several billions to a few trillions stars and planets (2).

One can only imagine the total value of all these, but surely billions of times more than Hope's space property.

Since December 2006 our Universe has been sold out ? space business is detailed on http://www.universe-resources.com (1). Sold are the whole galaxies for Euro 119 apiece, i.e. the single star or planet costs less than a cent.

Together with certificate of ownership the owner acquires the right to name his galaxy and enter it to the registry available in Internet.

A real go of Ukrainians is the registry information about purchased galaxies is entered into ? it is kept online and available for everybody. In any moment you can go to the required page and proudly show your friends the fact of owning immovable property in the Universe. The same page has links to available scientific information about the galaxy and its photos.

Neither Lunar Embassy, nor star ?traders? provide anything of the kind.

Today (to be considered by science-fiction writers!) there are such galaxies as Atomic Tatyana. It would be pretty curious to take a look at the one the galaxy was named after?

But what are real prospects of space property?

Those ?owning? nominal stars have no prospects at all, but the name of the star. Because ownership right is not the case here.

Putting money into some ground area on the Moon or neighboring galaxy may have sense. Because ownership right IS the case here, it is its value that must increase as the outer space is colonized.

According to Stephen Hawking, one of the leading cosmologists (3), humans have to inhabit outer space to survive.

You see, regular asteroid attacks may put bring down not only the world of dinosaurs, as it happened about 65 million years ago, but modern human civilization as well. Besides, there is danger of super infection, disastrous climate change or solar blast. Unfortunately, possibility of nuclear conflict is not the zero point.

Surely, coincidence of such a great number of factors, which formed conditions for appearance and prosperity of life on our planet, is highly unlikely. Except our mother Earth, modern science knows no more than a few hundreds of so called exotic planets located outside the Solar system, and none with similar conditions.

But, objectively evaluating exponential (accelerating) development of Earth civilization and science, one can assume that the outer space will be explored in two main directions simultaneously.

The first one is colonizing or even earthing the nearest planets, satellites and big asteroids.

No, the Moon and Mars have no natural conditions suitable for living, but they are located in two steps from us in terms of space instead. Thus, their exploration suggests either construction of structures with artificial climate inside, or creation of handmade earth-like on above the surface. Even if it demands supply of a huge amount of required chemical elements (hydrogen, oxygen, carbonic acid gas etc.), and first and foremost ? creation of artificial magnetic field preventing blowing off the artificial atmosphere into outer space, i.e. colossal energy expenditure.

The second direction of human expansion into outer space is the search for and colonization of planets with natural conditions similar to earthly ones. Surely, there are planets where we could live ?without space suit?, but distance to them is unimaginable. Such space expansion requires moving through space with supraluminal speed. This possibility is not denied either by Einstein followers, who suggest presence of so called space/time worm holes, or those scientists, who insist that light velocity is far from being limit.

Prices for ground areas on the Moon are not being reduced, and owners of the Universe are sure that space property will increase in its value as science and technology develops.

For a while prices for space property are comparable with prices for jeans or cheap cell phone.
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About Author
Both Dylan Sun & Shevchenko are contributors for EditorialToday. The above articles have been edited for relevancy and timeliness. All write-ups, reviews, tips and guides published by EditorialToday.com and its partners or affiliates are for informational purposes only. They should not be used for any legal or any other type of advice. We do not endorse any author, contributor, writer or article posted by our team.

Dylan Sun has sinced written about articles on various topics from Astrology, Organizational and Gardening. , the leading B2B platform, combining vertical search engine with value added service portal. It has more than 430 000 China quality suppliers and p. Dylan Sun's top article generates over 90500 views. to your Favourites.

Shevchenko has sinced written about articles on various topics from Astrology. (1) (2)
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