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2008-08-08 Home Front Economy

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Posted by lotp 2008-08-08 00:00|| || Front Page|| [1 views ] Top

#1 Speaking for "fire", IRNA > UK SCIENTIST SAYS: PREPARE FOR [potens dangerous/catatsrophic]GLOBAL TEMPERATURE CHANGE OF 4C. Due to world failure to limit greenhouse gas emissions.

HMMMMM, methinks what he is trying hard NOT to say is that SOLAR ACTVITY WILL INTENSIFY = SUN WILL GET HOTTER.

CHALK UP ANUTHER ONE FOR 2008-2012 [2016]???

Posted by JosephMendiola 2008-08-08 00:51|| 2008-08-08 00:51|| Front Page Top

#2 The speculation bubble is gone, but can and will return if we do not start to increase domestic production, as well as innovate ways away from useing petroleum for transport, and reduce consumption via alternatives and efficienncy in the interim.

Drill here, drill now, set up wind, solar thermal, geothermal and clean coal, all of which are short to medium term soltuions. Then use the time bought tio build nukes and create the new non-petroleum technologies we need.

Posted by OldSpook 2008-08-08 02:42|| 2008-08-08 02:42|| Front Page Top

#3 It wasn't a bubble in the first place. The market is correcting 15% or so. Entirely normal. It will be back up to $145 within a couple of months, barring a collapse of the world economy.

Posted by phil_b 2008-08-08 03:42|| 2008-08-08 03:42|| Front Page Top

#4 The price will jump back up if we don't show we are serious about increasing supply while reducing demand.

Drill, build nuke plants and invest in bio-diesel. That is really the only way to improve the energy situation until we can get fusion and fuel cells going.

Posted by DarthVader 2008-08-08 09:45|| 2008-08-08 09:45|| Front Page Top

#5 I see two options:
(1) "Drill, build nuke plants and invest in bio-diesel. That is really the only way to improve the energy situation until we can get fusion and fuel cells going."
(2) Conquer Mexico and Canada and take their oil.

Someone should ask Obama and McCain which they support. As right after they take a sip of water so we can watch them spurt and sputter and see if it comes out of their nose.

Posted by rjschwarz 2008-08-08 10:39|| 2008-08-08 10:39|| Front Page Top

#6 Its $116.35 right now, showing more downward pressure. If there really were a lot of stop losses set at $116.99 then we could see a good slide on the black stuff this week. Now lets get all the rats to short oil instead of running it up.

Posted by bigjim-ky 2008-08-08 10:40|| 2008-08-08 10:40|| Front Page Top

#7 The PRC and India are still subsidizing oil consumption by various methods.

There is a good chance that China will phase this out after the olympics and India will phase it out over this winter. If that happens, the demand will be suppressed by a million or two bb/day which would probably result in another $10-$30/barrel decrease in the short run.

On the other hand, maybe Iran or Venezuala may have continue to fall off in production due to infrastruction decay.

Posted by mhw">mhw 2008-08-08 11:51|| http://hypocrisy-incorporated.blogspot.com/]">[http://hypocrisy-incorporated.blogspot.com/] 2008-08-08 11:51|| Front Page Top

#8 investors have jumped to food as the next place to speculate. check out grain prices now vs. a couple months ago. Mrs. Ret went to the NASWI Commisary yesterday and reported a sizeable jump in all foods from last month; cooking oil 3x, fish 2x, bread 1.5x, etc. and the commo is a not for profit operation. next few months will be interesting.
and think about this: Japan has reportedly purchased huge grain storage facilities and has negotiated directly with the farmers ( cutting out ADM, and all the major ag companies) for grain. all they need is transport to the seaports and the foodstocks are off to Japan.

Posted by USN, Ret. 2008-08-08 14:24|| 2008-08-08 14:24|| Front Page Top

#9 Again, its speculators creating demand above and beyond that of consumers.

I say, for futures, force higher margin requirements, and require them to take delivery or provide legal certification that they are capable of taking delivery.

Posted by OldSpook 2008-08-08 19:47|| 2008-08-08 19:47|| Front Page Top

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