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2008-04-28 Home Front Economy

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Posted by GolfBravoUSMC 2008-04-28 18:24|| || Front Page|| [3 views ] Top

#1 Its $4.19 here in Guam.

KOMMERSANT >< WHOSE OIL IS THE BENCHMARK? As "sweet crude" continues to decline, demand for "sour crude"[already 80% of world output/produc] will increase. READ > SOUR CRUDE FROM RUSSIA, VENEZUELA, OTHER OPPONENTS OF THE USA = US POLICIES. ARTICLE - WHY SHOULD MINORITY "SWEET CRUDE" [Read - US-Saud-Allies]BE THE BASE FOR WORLD PRICES VV MAJORITY-AND-HIGHER "SOUR CRUDE"???

Posted by JosephMendiola 2008-04-28 19:14|| 2008-04-28 19:14|| Front Page Top

#2 His reasoning: a combination of shrinking supply and increasing demand, especially from China, India, and America.

At $100 a barrel, it wouldn't surprise me if demand for oil started to decrease in all three countries. Even as new supply started to come online.

Posted by Zhang Fei">Zhang Fei 2008-04-28 19:19|| http://timurileng.blogspot.com]">[http://timurileng.blogspot.com] 2008-04-28 19:19|| Front Page Top

#3 ALso from KOMMERSANT > EMERGING ECONOMIES CALL FOR OVER US$4.0 BILLION INVESTMENTS. GOLDMAN-SACHS > says will need US$4.35 Bilyuhn over TEN YEARS [2008-2018], wid RUSSIA per se anticipated to be the PER-CAPITA GLOBAL LEADING ENERGY PRODUCER-INNOVATOR???

Posted by JosephMendiola 2008-04-28 19:21|| 2008-04-28 19:21|| Front Page Top

#4 Diesel is 4.60 in the Bay Area.

Posted by Penguin 2008-04-28 19:21|| 2008-04-28 19:21|| Front Page Top

#5 Why not $25 a gallon? Why not $50? WTF? If the govt. doesn't want to do ANYTHING about this then I guess the entire economy and transportation sector can crash in flames. I'll be fine eating wild game and fish. But it might suck for you city dwelling types.
Maybe Ted Turner was right about the cannibalism thing. Lets bar-b-que him first. I got dibs on the drumstick.

Posted by bigjim-ky 2008-04-28 19:24|| 2008-04-28 19:24|| Front Page Top

#6 This is how we pay for the housing bubble costs.

Posted by Nimble Spemble 2008-04-28 19:49|| 2008-04-28 19:49|| Front Page Top

#7 I think one of Stein's laws is that if something cannot go on, it won't, and IIRC liquid fuel above $50/bbl creates a deluge of competition, which is probably a year or two off.

The trick is to not allow OPEC to recover its market control as prices crash and competition comes online - perhaps an adjustable tariff on oil imports dedicated to support grain exports, domestic farm subsidies, and African agricultural development to feed the world?

Chaos is creating huge opportunities.

Posted by Harcourt Jush7795 2008-04-28 20:03|| 2008-04-28 20:03|| Front Page Top

#8 ...an Arco gas station in San Mateo, Calif., has already raised its price to a sky-high $4.62.

Wow. I paid $4.18 here and felt ripped off...

Posted by Angie Schultz 2008-04-28 20:09|| 2008-04-28 20:09|| Front Page Top

#9 $3.40 2 days ago for 87 octane.

Posted by ed 2008-04-28 20:13|| 2008-04-28 20:13|| Front Page Top

#10 Remember its the dollar that's falling, not that the commodity is quickly rising. When the government buys a product or service, it gets something for the money [regardless of amount of padding]. When the government dumps hundreds of billions on the credit/speculation market it creates a chase for limited resources. Which one depends upon what the speculators want to play with. Like oil itself, the funding of credit/speculation is fungible, money is simply shifted around by the players.

Posted by Procopius2k 2008-04-28 20:37|| 2008-04-28 20:37|| Front Page Top

#11 What's the gas tax in the Bay Area? Just curious.

Posted by eLarson 2008-04-28 22:07|| 2008-04-28 22:07|| Front Page Top

#12 Remember its the dollar that's falling, not that the commodity is quickly rising.

So? The effect is still the same. Lot's of people I know are having trouble getting to work, even with economical cars.

I sold my truck and bought a 40mpg auto 4 months ago due to rising prices, now, as things continue to rise out of sight I am approaching the same problem. I can't afford to drive no matter the MPG my car gets.

We're getting close to the time for some taring, feathering and lynching.

Posted by Muggsy Jaitle9983 2008-04-28 22:08|| 2008-04-28 22:08|| Front Page Top

#13 We're getting close to the time for some taring, feathering and lynching.

Start with algore, and work down through the Sierra Club, Greenpeace, and every other "environmental" bunch of whackos that are trying their damnedness to destroy this nation. I'll bring a rope and an axehandle.

I think the Dummycritters will take care of themselves in Denver this August.

Posted by Old Patriot">Old Patriot 2008-04-28 22:25|| http://oldpatriot.blogspot.com/]">[http://oldpatriot.blogspot.com/] 2008-04-28 22:25|| Front Page Top

#14 Start with algore, and work down...

Gorebots head goes on a pike, and then a 24x7 webcam feed so people can check in every now and then to see how the decomp is going.

For the rest of the usual suspects you refer too, the slowest and most painful death imaginable. Televised...Pay Per View!

Posted by Muggsy Jaitle9983 2008-04-28 22:33|| 2008-04-28 22:33|| Front Page Top

#15 I'll believe we have a gas crisis when I see us drilling ANWR, the eastern Gulf coast, and the deposits off California and North Carolina. Not before.

Posted by Steve White">Steve White 2008-04-28 22:48|| 2008-04-28 22:48|| Front Page Top

23:40 trailing wife
23:26 Alaska Paul
23:23 trailing wife
23:22 Alaska Paul
23:09 RD
23:00 JosephMendiola
22:57 JosephMendiola
22:52 RD
22:48 Steve White
22:48 Pappy
22:45 USN,Ret.
22:43 USN,Ret.
22:39 USN,Ret.
22:33 Muggsy Jaitle9983
22:25 Old Patriot
22:22 USN,Ret.
22:20 Bavarian Illuminati
22:19 Old Patriot
22:12 Old Patriot
22:08 Muggsy Jaitle9983
22:07 eLarson
21:43 gorb
21:41 Frank G
21:39 Old Patriot