well, let's see, pick whatever prediction you want below about the next year or so and beyond:
--this morning had some note as two of my sites about something really coming to test Obama in the first 6 months of his presidency; not just from Biden, from some foreign leaders and international intelligence chatter .... wonderful news. then again there's some feeling thatsomething might happen during the Election and Obama's inauguration.
Economic/Financial situation:
--Deflationary recession/depression;
--Inflationary probably Hyperinflationary economic contraction/recession/depression;
--Bailouts for 3 US automakers to be a "bridge loan" until the economy improves in the next year so before the end of 2009 people will be buying cars again;
--Contraction/Recession will last 12-18 months; roubini says this as well as others so does that mean it started in jan 2008 or started Fall 2008. that 6-8 months makes a difference to how people plan or think about it;
--After the severe recession--most blogs I read at least say we'll have at least 12 months of severity, more sever than anything in the post-WW2 era--there will be the oppotunity of a lifetime to buy stocks and equities;
--Or the severe recession after a year or so will morph into a depression, Depression 2.0 or Greater Depression depending on your point of view;
--Or at what would be the beginning of an upswing in the economoy, oil depletion on the downside of peak oil will be setting in and there will be NO upswing ever again for industrial society.
--If there's any kind of growth, due to the oil shortages, depletion rates and no if any new oil projects of ANY kind, it will be so very small it'll be negligible;
--After the recession will just come the Long Depression;
--Reduction to subsistence farming, rudimentary technology, real poverty everwhere in the world so that the world will be a much bigger place than it is now;
--You could also add in, madness, depression and suicide for many people facing the decline in their lives; disease possibilities ; starvation; great homelessness for many; more violence probably and just freaking out all the time.
--Public services, police, fire, emergency personnel will dwindle as local entities have no more money to spend on public services.
--then of course, there's climate change and how fast it's coming and when it will effect food supplies and what will it do to the weather in North America when there is no more ice at all at the North Pole anytime of year?????????????
--this of course doesn't cover the lack of electricty in southern Arizona where people will just go totally insane and kill each other and themselves over the crushing heat we get here ...
--I don't understand why some economists, financiers/bloggers prediction inflation and other prediction deflation ....
--If the US defaults, does that mean everything in our bank accounts dissapears like it never existed ....
--do I really need to get a new regrigerator since they might stop making them .... I could really use a new refrigerator--it almost freezes everything put into it! it's pretty old ...
Makes me wonder why I should pay my bills and keep going .. but I'm so curious to see how it all plays out! ;)
I stopped at Linen's N Things and Merwyn's today to see what stuff was available; they are both going out of business and big signs hang outside about liquidation sales. didnt' buy anything--I don't need anything but I think about putting stuff away for the future constantly and I wonder what people will do for Christmas shopping next year. I wondered that last hear at this time, too. :/
Circuit city doesn't have any signs up yet but the Phoenix stores are all being closed for good.
It's creepy to think how many other's may be going to be in the same situation even before Christmas/end of Year this year. :(
It's been 8 weeks since the mid-September stuff started and just about that long until the end of the year.
On a higher note: 70s weather is here and the cats are all doing well and so am I.
cheers,
Shamba
Showing posts with label oil prices. Show all posts
Showing posts with label oil prices. Show all posts
Monday, November 10, 2008
Friday, September 12, 2008
September 11-12, 2008 Big Ike is coming ..
9-11-08 Regular Gas 3.51-3.52; Oil crude at . . Why so low? Govt or whoever/whatever keeping it down until after the elections, hoping Gustave and Ike aftermath won’t be too bad??
Ike is going to hit the Texas coast around Galveston-Houston Friday evening or night according to the Hurricane Center. It will be at least a Cat2; maybe a 3-4. It’s very large and spread out over a large area; it’s coming at high tide and this will add a lot to the storm surge. Gas has already gone up 20 cents a gallon in Nashville, TNording to my friend, Diana who lives there. She called and said overnight their gas went up thurriat much. But they live in a part of the country that gets all their supplies from the gulf Coast. Western US and Arizona get most of Gas from California; althoughAZ gets some gas from the Gulf.
According to Nola.com late Thursday afternoon, parishes in Louisiana are threatened by storm surge starting that afternoon! Recovery efforts have been closed down until the tropical storm threat from Ike passes by. Jeez these poor people!
And we have ANOTHER thunderstorm watch/warning that we’ve had twice a week for the last 3-4 weeks! All this rain is great but more than I remember in monsoon for a long time.
9-12-08 11.00 a.m
New online from different sources:
Masters’ at Wunderground Ike will be more powerful and destructive than Katrina or Rita or Gustav. Not just the category of hurricane but how wide an area it covers and winds and the energy it creates and how it pushes sea water or ground water into a surge. I certainly don’t understand all of that but Jeff Master’s says it could be one of the most destructive storms of all time. The whole of Galveston Island was supposed to be evacuated but only about 1/3 did.; as of the writing according to some estimates.
At TOD something about a military officer remarking on rescuing 37,000 people.
Aftermath of Ike, after all the other storms and stuff, will have a terrible effect on the ability to restore power after power crews have been out in Louisiana the past 2 weeks and parts of the East Coast had power problems after Hanna, TS , went through. 1:10 p.m. MST Downtown Galveston is filled with water already … 30 % of the city hasn’t evacuated and one bridge out is impassable and the other one has risk of high winds … there are only two bridges out of Galveston; Anniversary of Hurricane Carla, too.
People are making run on gas stations in the southeast, some station have rationed their own gas, sometimes they just run out. Governors in Alabama and Kentucky have declared states of emergency (have I got those right?) because of the gasoline problems.
Of course, it's going to price itself way up the next few days ...
From TOD: 19:55CDT KHOU-TV: Galveston has lost electricity. (7:55 p.m. CDT) Landfall from the eye isn't until midnight or 2 am. and look at everything that's happened so far. ...
Also, guy from wunderground.com says he expects a huge power outtages for Texas. I'm sure hemeans at least a few days if not more. 200 miles wide and 300 miles deep in from the coast--:0 Hope that area is over the worst of it's heat for the year.
shamba
Ike is going to hit the Texas coast around Galveston-Houston Friday evening or night according to the Hurricane Center. It will be at least a Cat2; maybe a 3-4. It’s very large and spread out over a large area; it’s coming at high tide and this will add a lot to the storm surge. Gas has already gone up 20 cents a gallon in Nashville, TNording to my friend, Diana who lives there. She called and said overnight their gas went up thurriat much. But they live in a part of the country that gets all their supplies from the gulf Coast. Western US and Arizona get most of Gas from California; althoughAZ gets some gas from the Gulf.
According to Nola.com late Thursday afternoon, parishes in Louisiana are threatened by storm surge starting that afternoon! Recovery efforts have been closed down until the tropical storm threat from Ike passes by. Jeez these poor people!
And we have ANOTHER thunderstorm watch/warning that we’ve had twice a week for the last 3-4 weeks! All this rain is great but more than I remember in monsoon for a long time.
9-12-08 11.00 a.m
New online from different sources:
Masters’ at Wunderground Ike will be more powerful and destructive than Katrina or Rita or Gustav. Not just the category of hurricane but how wide an area it covers and winds and the energy it creates and how it pushes sea water or ground water into a surge. I certainly don’t understand all of that but Jeff Master’s says it could be one of the most destructive storms of all time. The whole of Galveston Island was supposed to be evacuated but only about 1/3 did.; as of the writing according to some estimates.
At TOD something about a military officer remarking on rescuing 37,000 people.
Aftermath of Ike, after all the other storms and stuff, will have a terrible effect on the ability to restore power after power crews have been out in Louisiana the past 2 weeks and parts of the East Coast had power problems after Hanna, TS , went through. 1:10 p.m. MST Downtown Galveston is filled with water already … 30 % of the city hasn’t evacuated and one bridge out is impassable and the other one has risk of high winds … there are only two bridges out of Galveston; Anniversary of Hurricane Carla, too.
People are making run on gas stations in the southeast, some station have rationed their own gas, sometimes they just run out. Governors in Alabama and Kentucky have declared states of emergency (have I got those right?) because of the gasoline problems.
Of course, it's going to price itself way up the next few days ...
From TOD: 19:55CDT KHOU-TV: Galveston has lost electricity. (7:55 p.m. CDT) Landfall from the eye isn't until midnight or 2 am. and look at everything that's happened so far. ...
Also, guy from wunderground.com says he expects a huge power outtages for Texas. I'm sure hemeans at least a few days if not more. 200 miles wide and 300 miles deep in from the coast--:0 Hope that area is over the worst of it's heat for the year.
shamba
Friday, June 27, 2008
June 26-27 end of the week
June 26th
Talk about a Dismal Thursday yesterday==DJ went down 350 pts. 1100 pts down in one month. Worst June for the Dow Jones Averages since 1930! L According to www.americanenergycrisis.com.
Oil closed at 19=139.64 after being in the mid 130s for several days.
GM and Ford stock at something like 50 year lows! Bankruptcy in the next 6 -12 months? One commentator who is very accurate these days say there will be a dramatic announcement about them both or one of them right after the election.
June 27th
11355.88 and 1278.82 Oil:: 140.21 first time above 140 to settle according to my observations. Not the first time during day trading though.
It seem so irrelevant who get elected this fall .... as to who could really change the direction things are going in. but, yes, I'll vote.
shamba
Talk about a Dismal Thursday yesterday==DJ went down 350 pts. 1100 pts down in one month. Worst June for the Dow Jones Averages since 1930! L According to www.americanenergycrisis.com.
Oil closed at 19=139.64 after being in the mid 130s for several days.
GM and Ford stock at something like 50 year lows! Bankruptcy in the next 6 -12 months? One commentator who is very accurate these days say there will be a dramatic announcement about them both or one of them right after the election.
June 27th
11355.88 and 1278.82 Oil:: 140.21 first time above 140 to settle according to my observations. Not the first time during day trading though.
It seem so irrelevant who get elected this fall .... as to who could really change the direction things are going in. but, yes, I'll vote.
shamba
Tuesday, June 17, 2008
Junet 16th Monday
Oil Prices still in mid 130s—hasn’t passed 140 yet. Gas prices here have been about the same for a full 7 days.
Midwest Floods have just ruined a lot of Iowa and a chunk of Indiana. Soybean and corn crops particularly were hit with the flood in their fields. All those people didn’t have flood insurance either—is this is a tragedy beyond Katrina? In a way because of the agriculture affected. And we haven’t heard anything about the insurance claims or agents that are out in the area because of the floods. I’ll bet that will rival or surpass Katrina, too.
One blog today said that if oil prices were to double from what they are now that food prices would double as well.
The whole chain of being seems ready to come apart—oil prices, energy prices, gasoline prices, so hauling prices are more, food prices, all other kinds of goods are rising in price, service prices will go up, electricity generating prices go up, so utility bills go up. The Midwest floods will swell the communities below Iowa as the flood waters move down the Mississippi river. Will this cut off transportation because of freight lines and highways being under water?
On the Newes Hours on PBS on June 16th: 20 percent of the corn and soy crops in Iowa are a loss.
Re the impressive Tim Russert: He died of a sudden heart attack last Friday. His dr. said he had some heart disease and diabetes. He had a massive heart attack when placque broke loose in his arteries and clogged the blood flow to the heart. Maybe with a defilbrillator he could have been resuscitated maybe not—it was a sudden cardiac death. I don’t know if Mr. Russert knew how bad it was or was doing anything about it.
On the other hand, if the world is really doing to deteriorate and get really bad, how much do we want to stave off things like sudden cardiac death if there is no Medicare, health care or emergency services?
Shamba
Midwest Floods have just ruined a lot of Iowa and a chunk of Indiana. Soybean and corn crops particularly were hit with the flood in their fields. All those people didn’t have flood insurance either—is this is a tragedy beyond Katrina? In a way because of the agriculture affected. And we haven’t heard anything about the insurance claims or agents that are out in the area because of the floods. I’ll bet that will rival or surpass Katrina, too.
One blog today said that if oil prices were to double from what they are now that food prices would double as well.
The whole chain of being seems ready to come apart—oil prices, energy prices, gasoline prices, so hauling prices are more, food prices, all other kinds of goods are rising in price, service prices will go up, electricity generating prices go up, so utility bills go up. The Midwest floods will swell the communities below Iowa as the flood waters move down the Mississippi river. Will this cut off transportation because of freight lines and highways being under water?
On the Newes Hours on PBS on June 16th: 20 percent of the corn and soy crops in Iowa are a loss.
Re the impressive Tim Russert: He died of a sudden heart attack last Friday. His dr. said he had some heart disease and diabetes. He had a massive heart attack when placque broke loose in his arteries and clogged the blood flow to the heart. Maybe with a defilbrillator he could have been resuscitated maybe not—it was a sudden cardiac death. I don’t know if Mr. Russert knew how bad it was or was doing anything about it.
On the other hand, if the world is really doing to deteriorate and get really bad, how much do we want to stave off things like sudden cardiac death if there is no Medicare, health care or emergency services?
Shamba
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