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About LinkBacksIf this article is correct, all your petty squabblings on here seem trivial by comparison:-
http://onlinejournal.com/artman/publish ... _198.shtml
If this article is correct, all your petty squabblings on here seem trivial by comparison:-
http://onlinejournal.com/artman/publish ... _198.shtml
We can turn the world around
We can turn the earth's revolution
We have the power
People have the power ...
Yes, looks like things might be about to go south, difficult to say one way or another. I caught an analyst on CNBC there some days ago talking about the US economy. This guy was a German economist/analyst from some big company which I forget - his analysis was the most sobering and frankly frightening I have yet heard, coming as it did from the horses mouth (CNBC/economist) and delivered in matter of fact german tones. He pointed out that actual american unemployment is - a conservative - 14% when all factors are taken into account. Probably higher. Most new jobs are non-productive service sector jobs which added little if any capital value to the domestic american economy. He spoke of the unprecedented american deficit which had just reached a new milestone in that it was now running at a rate at which the US could not afford to pay the interest let alone the principal amount. He rounded off by saying that investors should avoid the US market and look to the Far East for investment opportunites.
Meanwhile, it's business as usual...
Apart from a very few concerned and powerless individuals, does anyone in this country give a feck?
We can't solve problems by using the same kind of thinking we used when creating them
Feck, Drink, Arse!
There are rumours of a major OPEC announcement coming today. Not sure if it will mean higher or lower prices though.
An analysis of last weeks news shows that there are conflicting reports coming from various sources.
On the other OPEC estimate that Russian production will rise by 120,000 barrels per day next year. That is an extra 43 million barrels per day to enter the market - a lot of crude but only around half of one days consumption for the world.
But then the same analysis from Barclays Capital argues that Russian production will actually decline next year. By 70,000 barrels per day. That means there would be a drop of 25 million barrels extra for the market.
So do you believe the bank? After all they are at the financial drilling spot. Or why not OPEC? Or why not the IEA? Either you have an extra 116 million barrels on the market, or you may have 25 million less.
"Always do right. This will gratify some people and astonish the rest." Mark Twain
“When a government is dependent upon bankers for money, they and not the leaders of the government control the situation, since the hand that gives is above the hand that takes. Money has no motherland; financiers are without patriotism and without decency; their sole object is gain.” Napoléon Bonaparte
We can't solve problems by using the same kind of thinking we used when creating them
That source is crap.(in the original post)
Just read the artical.
Some funny quotes:
Cold war with China.yeah petrol prices are real low right now!low gas prices
"She'll hold together. Hear me, baby? Hold together!"
yeah petrol prices are real low right now![/quote:gkzevcyp]Originally Posted by Seos
Gas prices, as in what Americans pay for their car juice is significantly lower than here in Europe.
For example, I see a website here that tells me in Oregon the cheapest Gallon is circa 2.20USD. There are 3.75 (approx) gallons to the litre.
We are talking about 58c per liter. US cents. Approx 0.40 per liter. Thats cheap my boy. Milk is more expensive.
"Consistency is the last refuge of the unimaginative."
Oscar Wilde
Yes but it's still much higher then it was a year ago for them.
"She'll hold together. Hear me, baby? Hold together!"
Today I paid $2.07/gal. That's pretty much what it was a year ago. It skyrocketed after Hurricane Katrina, but is dropping once more. I've heard that it's expected to go back below $2 and settle around $1.75.
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