Thursday, February 14, 2008

Feb 14, 2008

FGIC Corp. lost its Aaa bond insurance rating at Moody's Investors Service, which said the company is in worse financial shape than larger competitors MBIA Inc. and Ambac Financial Group Inc.

FGIC, the fourth-largest bond insurer, is about $4 billion short of the amount of capital needed to justify a Aaa ranking

Oil- demand projected at about 90MM barrels of oil a day in 2010. Current production is about 85MM a day. Oil production has averaged about 2.3% per annum since 1965.

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