← Autodidact Archive · Original Dissent · JoseyWales
Thread ID: 19499 | Posts: 24 | Started: 2005-06-27
2005-06-27 19:21 | User Profile
well all the buzz weve been hearing for the last several months seems to be playing out before our eyes.
uh oh
2005-06-27 19:49 | User Profile
[QUOTE=JoseyWales]well all the buzz weve been hearing for the last several months seems to be playing out before our eyes.
uh oh[/QUOTE]
Uh-oh is right. When gas hits $4.00-$5.00/gal. this summer alot of people are going to lose it. Violence will ensue and the Collapse will pick up speed. Add a little more US illegal war to the mix (Iran) and this whole place might just explode. The silver lining to all this is that millions of people will see the lie called "diversity is our strength" obliterated right before their eyes.
Whatever happens, stay racial! Itz coming.
2005-06-27 20:11 | User Profile
Believe in the government's economic statistics, and thou shalt be saved.
2005-06-27 20:21 | User Profile
[QUOTE=SteamshipTime]Believe in the government's economic statistics, and thou shalt be saved.[/QUOTE] Drive a Saturn sedan, built in Tennessee, and ye shall save a bit on gas. :clap: Ouch, 3-4 bucks a gallon? ouch ouch ouch.
2005-08-02 06:30 | User Profile
Probably some truth to the fact that the recent death of the saudi king, fires at a texas refinnery are playing with the oil market. However, something tells me cheap oil is a thing of the past.
2005-08-02 14:02 | User Profile
Inexpensive gasoline is going the way of the spotted owl. Look for $100 dollar barrels in the near future and $4.00/gal. at the pump.
Sell the SUV, buy a bicycle and/or a bus pass now while the gettin' is good. You'll lose weight too!
2005-08-02 15:37 | User Profile
Only in a truly free and democratic republic!
Could it be that those "Al Kaeda terrorists", who insist on nightly demolition of the Iraqi national oil pipelines have more to do with $50/bbl oil than the Bush family, Exxon and Adbadabi Bin Roolin and all others who are driven by winds of fate and market forces?
Saddam could peddle gas to his oppressed people for .07 cents a litre (about .26 cents a gallon stateside) before the freedom-loving forces of democracy put an end to all that crap.
I agree, cheap oil is a thing of the past - somebody (or something - although I prefer the former) IS playing with oil market.
2005-08-02 15:47 | User Profile
I welcome your #1 post Popsig.
Like I wrote over a year ago "We will never see $40.00 per barrel or oil any more"
The US is getting weaker and weaker every day and those in the outside knows it and will be taking advantage of it.
What should we do? get rid of those who are in controll of the US goverment.
2005-08-05 19:56 | User Profile
$62 & change today
2005-08-08 14:56 | User Profile
[url]http://biz.yahoo.com/ap/050808/oil_prices.html?.v=23[/url]
2005-08-08 16:09 | User Profile
Is a first for me, they sure are hiding the news from the average Joe.
Like I said a few months ago......$75.00 to $100,00 by xmas.
And some people are still expectin a $40.00 per.
2005-08-08 19:45 | User Profile
It looks to me like a repeat of 1979.
In normal times, there's a tradeoff between inflation and unemployment; i.e. if inflation is high then generally unemployment is low. That's because by increasing demand through government spending you create more supply. Usually, "demand creates its own supply" in Keynsian terms. You get some demand pull inflation as it takes the economy of while to respond to the increased demand with higher supply, but ultimately demand is met, and inflation is contained even as jobs are created.
But the staflation phenomenon happens when you stimulate demand but the economy is unable to respond by increasing supply, because its hit its productive capacity frontier.
That's what happened in 1979. On the one hand we had the government pursuing a guns and butter policy, spending like mad and thereby gunning demand in a big way. But then at the same time the productive capacity of the economy sharply decreased due to the oil price shocks. The total productive capacity frontier of the economy shifted sharply to the left, leaving increased demand unmet driving inflation up while being incapable of creating new jobs because there was no more room to make those new jobs.
The result was stagflation. I hope that I explained that adequately.
Anyway, the point is that these current increases in the costs of energy decrease our total economic capacity even as demand is stimulated by enormous federal deficits. While I understand that the energy cost shock isn't nearly what it was in 1979 as a proportion of GDP, still I don't understand why inflation hasn't ticked up and joblessness hasn't grown.
Where's the stagflation? I would think that it should be here by now.
Any thoughts on that?
2005-08-09 15:17 | User Profile
[QUOTE=xmetalhead]Uh-oh is right. When gas hits $4.00-$5.00/gal. this summer alot of people are going to lose it. Violence will ensue and the Collapse will pick up speed. Add a little more US illegal war to the mix (Iran) and this whole place might just explode. The silver lining to all this is that millions of people will see the lie called "diversity is our strength" obliterated right before their eyes.
Whatever happens, stay racial! Itz coming.[/QUOTE]
I wish I could believe that, I truly do. But it's far more likely that the controlled governmedia will continue to reassure the masses that everything's going to be all right as soon as we wipe out all the rest of Holy Israel's enemies, and that in the meantime, by gosh, Diversity really is Our Strength. Moooo. Baaaaa.
2005-08-09 15:40 | User Profile
I can hardly wait (as if the $40 twice-weekly fill-ups aren't enough)! It's a good thing that we've got the Iraq War going on; otherwise, we might still be paying $1.40 a gallon, as we were before this mess.
[QUOTE=xmetalhead]Inexpensive gasoline is going the way of the spotted owl. Look for $100 dollar barrels in the near future and $4.00/gal. at the pump.
Sell the SUV, buy a bicycle and/or a bus pass now while the gettin' is good. You'll lose weight too![/QUOTE] [center][url="http://www.honestmediatoday.com/understanding_antisemitism.htm"]http://www.honestmediatoday.com/understanding_antisemitism.htm[/url][/center] [center][img]http://www.honestmediatoday.com/UAS2.jpg[/img][/center] [url="http://www.counterpunch.org/sunderland0510.html"][color=#000020][/color][/url]
2005-08-10 21:34 | User Profile
$66 today !
2005-08-13 02:15 | User Profile
charts look like they are ready for a minor pullback. halliburton and slumberger both resemble the chart of the sector, being top heavy and might pull back soon. i know i know...if your reading this you might be thinking its nuts to short anything oil related with the recent news of crude hitting $67/barrel. :)
2005-08-25 00:26 | User Profile
well, whatever minor pullback we had is gone. up up and away we go...for now http://stockcharts.com/def/servlet/SC.web?c=$wtic
2005-08-25 00:55 | User Profile
The price of gas is going to be immaterial compared to the price of commodities. Fuel is sky high too, and everything comes on a truck.
2005-08-25 11:44 | User Profile
What this all boils down to is classic supply and demand economics.
If the US is to avert triggering a global recession, it will have to devalue the dollar and tighten it's monetary policy even further. Electricity, gas and other energy prices have all sored recently and at present their is a world wide refining capacity shortage coupled with geo-political instability.
Venezuela, Iran, Syria and Saudi Arabia and the rest of the worlds oil rich nations are now hostile to the US. All thanks to that dip shit Jr Bush and his neo-con puppet masters. :caiphas:
The US should really be thinking ahead and investing far more in public transport. The larger producers of the sweet crude used in petroleum refinement such as the North Sea reserves are fast being depleted.
China is now as large an oil consumer as the US and has probably already displaced the US as the worlds largest over all commodities consumer. Which is presumably why Russia is increasingly mending fences with China. The EU is also starting to show signs of economic recovery after a prolonged period of very slow growth.
Greg
"I found myself back in the sepulchral city resenting the sight of people hurrying through the streets to filch a little money from each other, to devour their infamous cookery, to gulp their unwholesome beer, to dream their insignificant and silly dreams. They trespassed upon my thoughts. They were intruders whose knowledge of life was to me an irritating pretence, because I felt so sure they could not possibly know the things I knew." - Heart of Darkness : Joseph Conrad [pg.102]
2005-08-25 11:52 | User Profile
$68/bl now [url]http://money.cnn.com/2005/08/25/markets/oil.reut/index.htm[/url] :smoke:
2005-08-30 13:53 | User Profile
I saw on Bloomberg that oil went past $70/bbl today, on concerns that Katrina knocked out Gulf oil production for a while.
Josey - what's your read on where it goes from here? When do we get inflation/stagflation? I frankly don't understand why we don't have it now.
2005-08-30 14:34 | User Profile
some say reading charts is akin to rolling chicken bones and trying to tell your fortune... from my vantage point, if the crude oil market was a stock I would still be holding it (but not much longer), although I wouldnt be buying any more. The airlines are doing similar things, buying short term futures oil contracts and not committing to longer term contracts because they believe that current prices wont last.
Im no different from you though, as I see things continuing as they are for now - upwards. however, in the short term, there will be pullbacks, selloffs, and profit taking along the way. for now the trend is up, and until i see the technical indicators on my charts say otherwise, things are ripe for a pullback in crude oil prices. heck, just since june of this year we have seen prices go from below $50/bl to reaching $70/bl...alot of that i suspect is hype/speculation. however, the fundamental picture is still there, and few deny that the days cheap oil will return anytime soon.
oil (symbol $WTIC or ^WTIC) is in what traders refer to as "nose bleed territory", and when a stock gets in that condition, it becomes ripe for profit taking.
There are a bunch of wild cards affecting the crude oil market, and thats why I dont touch it with a ten foot pole, none of the oil-related companies either although ive been tempted. Thats just me though. As of late, im trading stocks in the banking and homebuilding sectors.
2005-08-31 11:01 | User Profile
Yesterday I saw the first $3 per gallon price ($2.99 9/10) hit the pumps around here for premium. Regular unleaded was $2.79 9/10.
I can already see that Hurricane Katrina will be the stated reason for more gas hikes.
2005-08-31 12:21 | User Profile
[QUOTE=Cracker of the Whip]Yesterday I saw the first $3 per gallon price ($2.99 9/10) hit the pumps around here for premium. Regular unleaded was $2.79 9/10.
I can already see that Hurricane Katrina will be the stated reason for more gas hikes.[/QUOTE]
High gas prices, Katrina, the immivasion and the Iraq quagmire can't be good for Shrub.
Who knows? Maybe we'll actually get an impeachment hearing.
Impeachment would be good.
An invasion of Iran and ensuing economic collapse followed by a Christian takeover would be even better, but I'll take what I can get.