| Economy Economy discussion forum. Discuss the politics and effects of the general economy and global economic collapse here. Please keep all politics out of the Finance and Investment subforum. |
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10-02-2010, 07:47 PM
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#1
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Senior Level 2
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Oil at $125 a Barrel, Gasoline at $5
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Gas Is Going To $5 A Gallon, Consumer Spending Is Dead, And House Prices Will Fall Another 20%.
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Lots of doom & gloom here, or perhaps more verification. Some good charts.
http://www.businessinsider.com/mauldin-2010-10
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Socialism is the art of creating addiction, then living off the misery of it. Communism is the gang affiliation to spread it. Leftism is the art of watching you die from it and telling you it’s utopia.
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10-02-2010, 10:27 PM
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#2
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It's the best thing that could happen for it will force Americans to 'get real' about the comsumptive lifestyle and figure out a better way.
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10-02-2010, 10:49 PM
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#3
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lurker level 3.14
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It is possible that we will cross the $5 mark and folks react by saying drill baby drill!
Unless Niobrarra Shale comes online and then the $5 mark is pushed further out in time.
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The best grape kool aid is made with hot tap water then cooled for an hour or more in the fridge. The sugar melts and mixes properly. Making kool aid with cold tap water is just barbaric.
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10-02-2010, 11:07 PM
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#4
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Denizen of the Gold Fields
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Drill baby drill..,
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10-03-2010, 12:45 AM
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#5
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I can see close offshore rigs 10km from my house. Do they produce oil..yes. Does it make any difference to anything ..no.
When they look here they are scrapping the bottom of the barrel (and into the leakage spills underneath). We all need another Saudi Arabia at it's prime and China to suddenly give up cars and fertilizers and go back to horses, donkeys and night carts.
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10-03-2010, 04:20 AM
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#6
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searching for truth
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the headline of this thread is not true.
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10-03-2010, 02:22 PM
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#7
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John Hofmeister is the former president of Shell Oil and now CEO of the public-policy group
Citizens for Affordable Energy.
He argues that the fight between the right and the left has given us 37 years without a realistic energy policy as policy gets driven by two-year political cycles but good energy planning takes decades.
There are 13 government agencies that regulate the energy industry, with conflicting mandates that change very two years. There are 22 congressional committees that have some level of involvement and oversight of the energy industry.
He describes the problem with the electricity from coal production. The average coal plant is 38 years old, with a planned-for life of 50 years. Our energy production capability is rapidly aging, and we are not updating it fast enough.
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--Thomas Jefferson, 1743-1826--
"I place economy among the first and most important virtues, and public debt as the greatest of dangers. To preserve our independence, we must not let our rulers load us with perpetual debt."
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10-03-2010, 02:43 PM
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#8
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gasoline over here is 8 USD a gallon and life is rolling on as nothing, whats the big deal.
Without any great financial tragedy I'd say 16 USD a gallon would be OK, over that suffer big time.
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10-03-2010, 03:10 PM
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#9
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S, You are right but Here In America there are agents of the powerful that exert their influence against those who seek to brake free of the bonds that enslave.
__________________
--Thomas Jefferson, 1743-1826--
"I place economy among the first and most important virtues, and public debt as the greatest of dangers. To preserve our independence, we must not let our rulers load us with perpetual debt."
--
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10-03-2010, 03:26 PM
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#10
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cool video.
over here they would have taxed them 400% per Kg of whatever.
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10-04-2010, 07:37 AM
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#11
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Mesmerized
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Quote:
Originally Posted by Samen
gasoline over here is 8 USD a gallon and life is rolling on as nothing, whats the big deal.
Without any great financial tragedy I'd say 16 USD a gallon would be OK, over that suffer big time.
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9.2 USD here .. No Doomsday
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