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President Bush is going to skip the Republican convention due to Hurricane Gustav. That works out nicely for McCain as he was able to invite the sitting president to speak but not have to sit through the Tuesday morning carping from the press about the unpopular president…

Gustav could hit oil and gas production harder than Katrina and Rita in 2005, Bloomberg says. Shut-downs are being wound up throughout the Gulf. The Strategic Petroleum Reserve could come in to play to offset any production interruptions.

It looks as though the Koreans may only take a minority stake, but talks with Lehman continue this weekend, the Telegraph reports. Alternate sources of funding are being lined up as well, the paper reports. Shoring up Lehman would leave Freddie and Fannie as the top short-term concerns for the credit markets.

Alistair Darling is taking it from all sides. The shadow Chancellor is hammering him for high rates of corporate taxation which is prompting firms to move their headquarters off shore. according to the Telegraph, three have announced palns to move this week alone.

Israel/Iran tensions continue to fester, Russia is threathening Europe with a slower flow of oil and a Cat theee hurricane churns toward the heart of the US energy infrastructure. If oil can’t rally against this backdrop, $80 here we come.

He tells a friendly outlet, the Guardian, that he understands that voters are “pissed off”. I hope for his sake that Labour has a better redundancy package that T-R….

He tells a friendly outlet, the Guardian, that he understands that voters are “pissed off”. I hope for his sake that Labour has a better redundancy package that T-R….

He tells a friendly outlet, the Guardian, that he understands that voters are “pissed off”. I hope for his sake that Labour has a better redundancy package that T-R….

He tells a friendly outlet, the Guardian, that he understands that voters are “pissed off”. I hope for his sake that Labour has a better redundancy package that T-R….

He tells a friendly outlet, the Guardian, that he understands that voters are “pissed off”. I hope for his sake that Labour has a better redundancy package that T-R….

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