Oil Rising Rapidly

[southwind]

Perhaps it's time we start using fuel more wisely and actually put some serious thought/money/R&D into alternative fuels. We can probably start by over coming this obsession with SUV/trucks. I would be willing to bet that a over whelming majority of people who have the do not use them for their intended purpose more than 10% of the time if that.

Better yet, how about we start drilling our own shores !!!

 

[southwind]

As the resident economist ,my advice to you is to relax. Oil at less than 75$ a barrel is not healthy or sustianable for oil producers or refiners. While we would all like 1 dollars gas those days are over. Cause for concern would be at 95$ a barrel

This coming from a guy who doesn't pay his bills and breaks into abandoned/foreclosed homes by his own admission :down: !

Your comments have lost any credibility.............uh-oh, theres that word you hate, credit.....................with me !

 

[freedom]

This coming from a guy who doesn't pay his bills and breaks into abandoned/foreclosed homes by his own admission :down: !

Your comments have lost any credibility.............uh-oh, theres that word you hate, credit.....................with me !

tut tut , your misquoting me ... i said that HOMLESS people should break into abandoned/foreclosed homes ....

and i pay the bills that i am contractually obligated to pay ... credit cards are unscecured credit 🙄


As it is , i'm WINNING the credit card debate ... every day that passes some average joe has just lost his job , looks at his credit card and thinks to himself "why not " ... else where an average jane is getting a note from her credit card company that her rate is being raised to 29% for no reason at all ... and she thinks to herself "why not " ....

it's my world now !

 

[Freedom4all]

because i know more about the U.S economy than anyone on this message board or at my company US Airways ...

Sheer comedy if it wasn't so absurd.

 

[aquagreen73s]

The fact is oil is screaming up because we are devalueing our currency,

Devaluing is way too easy to put it. The fall in the standard of living is going to horrific when the dollar loses its reserve status. We haven't seen anything yet.

 

[JFK Fleet Service]

because i know more about the U.S economy than anyone on this message board or at my company US Airways ...

Remeber when i started talking to you about inflation and deflation and you called it "crazy talk " .... those are economic terms 🙄

i'm an economist because i LOVE economics and it comes naturally to me ... i love it the way many of you might love sports ..

and i tell you , this is the most exciting time in our nations history !

Really?

Wow.Just wow.

 

[delldude]

Really?

Wow.Just wow.

He's Doug Parker's special counsel on economics............... 🙄

 

[KCFlyer]

And lets stop flying 767's and start using CRJ200's. PHL - MAD on a CRJ900 anyone?





I'm sure people with SUV's and trucks have SUV's and trucks for a reason. Just as airlines using 747's as opposed to 737's. It depends on the needs of said situation.

Bad correlation there. What Garfield was saying is that most folks driving an SUV use them for the "reason" they were bought maybe once a month...if that. The rest of the time, it's one person driving it to and from work. Using your analogy, it would be like flying an empty 767 from PHL-MAD 30 days because ONE day, you've got 250 people going.

 

[Gilding the Lily]

Does anyone care to disagree with this assessment ?

In response to your question: picture me raising my hand.

You have been known to have a horrible memory (or sense of history). On average, every 7-11 years the Unitied States' economy goes through a trough -- some much worse than others. Every time, we have rose from the ashes. You discount that american virtue, and plan for economic failure. The economic failure, however, will be your own. And since you cannot remember US history, how can we expect you to remember your own failed economic predictions on this board???

On November 20, 2008, you told everyone that they should take their money out of the stock market. On that day, the Dow was at 7,552. One year later, it is at the 10,000 level. Hmmm. You do the math!!! Your fear defeated you. Glad I didn't miss the boat on that ride. There will obviously be more drops in the markets, but you told people to get out of the market on the lower end of the spectrum. The wisdom is buy low and sell high... not buy high and sell low. That was HORRIBLE advice. And if you don't think it was that horrible, then I would be happy to take a chunk out of your next few paychecks to demonstrate the amount of loss that your advice would bestow upon any unlucky fellow who followed your words.

Yes, you also horribly predicted "black monday." Rather, the dow went UP 2.5% that day.

When I explained that Buffet was making a very smart move in shoring up GS, you had this to say:

"i read the article by buffet ... and while he's a smart man , he's going to be one of the very few running into the burning building ....

no lilly , too much has already occured for this to be anything close to historical as warren likes to link to ... "

Unfortunately for you, Buffet has made a $3 BILLION paper profit on that investment. If you consider that a "burning building" then shower me in gasoline.

You say you were only providing a hypothetical regarding the swine flu. Nice attempt to rewrite history. How do you explain your comment here:

"At this time my main worry is the econmmic effects .... as the weeks pass and reports of the flu spread , the fear will rise ... i think for the next month or two we may see a dramtica fall off in econmic activity as people shutter themselves inside"

You said that you would bet money that the Dow would close 2008 in the 7000 range or lower. On New Year's Eve 2008, the Dow closed at 8776. Not even close.

and i pay the bills that i am contractually obligated to pay ... credit cards are unscecured credit

You ARE contractually obligated to pay credit cards. It doesn't matter if the debt is unsecured. I believe you stated in the past that you have a Visa credit card, among others. Here is a sample Visa contract that is likely similar to the contract you entered. It says the following:

You agree to pay all charges (purchases and cash advances) to your Account that are made by you or anyone whom you authorize to use your Account.

 

[freedom]

In response to your question: picture me raising my hand.

You have been known to have a horrible memory (or sense of history). On average, every 7-11 years the Unitied States' economy goes through a trough -- some much worse than others. Every time, we have rose from the ashes. You discount that american virtue, and plan for economic failure. The only economic failure, however, will be your own. And since you cannot remember US history, how can we expect you to remember your own failed economic predictions on this board???

On November 20, 2008, you told everyone that they should take their money out of the stock market. On that day, the Dow was at 7,552. One year later, it is at the 10,000 level. Hmmm. You do the math!!! Your fear defeated you. Glad I didn't miss the boat on that ride. There will obviously be more drops in the markets, but you told people to get out of the market on the lower end of the spectrum. The wisdom is buy low and sell high... not buy high and sell low.

Yes, you also horribly predicted "black monday." Rather, the dow went UP 2.5% that day.

When I explained that Buffet was making a very smart move in shoring up GS, you had this to say:

"i read the article by buffet ... and while he's a smart man , he's going to be one of the very few running into the burning building ....

no lilly , too much has already occured for this to be anything close to historical as warren likes to link to ... "

Unfortunately for you, Buffet has made a $3 BILLION paper profit on that investment. If you consider that a "burning building" then shower me in gasoline.

You say you were only providing a hypothetical regarding the swine flu. Nice attempt to rewrite history. How do you explain your comment here:

"At this time my main worry is the econmmic effects .... as the weeks pass and reports of the flu spread , the fear will rise ... i think for the next month or two we may see a dramtica fall off in econmic activity as people shutter themselves inside"

You said that you would bet money that the Dow would close 2008 in the 7000 range or lower. On New Year's Eve 2008, the Dow closed at 8776. Not even close.




You ARE contractually obligated to pay credit cards. It doesn't matter if the debt is unsecured. I believe you stated in the past that you have a Visa credit card, among others. Here is a sample Visa contract that is likely similar to the contract you entered. It says the following:

You agree to pay all charges (purchases and cash advances) to your Account that are made by you or anyone whom you authorize to use your Account.

Yes , I’m not a stock broker , nor do I attempt to give stock advice these days as opposed to back then when I thought I knew it all , althou I would remind you that I suggested to people to exit the stock market BEFORE the major drop off ..

Let me tell you lilly that if the stock market worked off of real word principles such as true value and worth we would NOT be at DOW 10,000 … There is no REASON for the market to be back above 8,000 in my view … unemployment continues unabated , the rate of defaults in homes and loans also continues to grow albeit at a slower place than before . The ONLY thing that is keeping this country afloat is MASSIVE government intervention …

I think it’s laughable that you would compare this crisis to similar events in the past … I know my US history and this event is far closer to the 1930’s than at anytime in the past … Now I know we’ve had high unemployment in the 70’s and 80’s and even much higher interest rates , but what we did NOT have back then were housing and credit bubbles of this magnitude or the DEBT ratio that we have today .. It’s like a set of dominos has been set up , and slowly one after another shall fall ..


As I see it each falling domino will bring down the next one until every segment of our economy collapses . It started with high commodities prices ( oil ) which then spread to housing , credit cards , autos ,employment …. You name it , like one wave after another eroding the beach .. Today we are seeing the government forced to sell more treasury notes in order to finance our ever increasing federal deficit which is needed to keep the system going …

Does anyone see an end to our problems ? Sure I hear a lot of optimism and rosy predictions for growth , but I don’t SEE any growth … what I see is further suffering and destruction , I’m seeing ten percent unemployment and growing … What I see are state budgets who’s tax projections are falling because tax rolls are WAY down , meaning more lay offs , and less taxes … we are in a negative economic cycle and it shall have no end until our nation defaults on it’s debt , as many private citizens such as myself are already doing …

 

[Tug McGroin]

In response to your question: picture me raising my hand.

Splash

 

[cltrat]

He's Doug Parker's special counsel on economics............... 🙄

in addition to his position as DP's lawn boy

 

[JS]

I drive a Jeep that gets 20 MPG, because I can, and occasionally I need to carry stuff around. You will have to pry my dead cold fingers from my gun and the keys to my Jeep.

 

[KCFlyer]

I drive a Jeep that gets 20 MPG, because I can, and occasionally I need to carry stuff around. You will have to pry my dead cold fingers from my gun and the keys to my Jeep.

Bet I can carry as much in my Prius as you can in your jeep. Actually, I'd prefer to see folks driving a Jeep that gets 20mpg versus a Suburban or Escalade that gets 12 mpg.

 

[ORDmech]

Bet I can carry as much in my Prius as you can in your jeep. Actually, I'd prefer to see folks driving a Jeep that gets 20mpg versus a Suburban or Escalade that gets 12 mpg.
[/quote
my chevy truck does a lot better than 12mpg....put a family of 4 and pack it with a stroller and luggage etc in prius thats funny!