As oil prices drop don't forget how fast they shot up. Environmental activists, tin horn dictators, middle east unrest, unstable governments, terrorists and irrational behavior all can drive fuel prices up in a New York minute. Although not in the same category, I would consider oil speculators who yell "fire" in the petroleum futures market a economic terrorists. If you have been keeping up with the fundamentals regarding the nature of supply and demand, isn't it funny that full oil tankers remained parked with no place to go as oil touched $140 a barrel. Yea, about 100 of them, perhaps more.
When things start to go south you need to look at the shipping industry and how it relates to the economy. When shipping slows or stops that means demand is down. So at the sharp rise in oil prices demand dwindled and tankers were parked. But, you didn't hear that from regular media outlets. Those outlets that report only the blood and misery but are far too lazy to do their leg work to find the truth.
In the meantime we are on to this volatile fuel market. We are looking for solutions to solve our own personal fuel crisis. These recent fuel prices I know have ravaged savings and shrunk wallets leaving us bewildered as if there is nothing we can do.
Well, let me tell you there is something you can do. In the future I plan to provide links, videos, product reviews and more about this subject. Let me tell you, I am fed up! Fed up with our unresponsive and out of touch government and their failure to do the right thing or take responsibility for their poor action or lack of.
Let's take a look at Hydrogen.
Saturday, October 18, 2008
Wednesday, October 15, 2008
Oil Futures $74.54 Today
Oil prices continue to slip on the current slick global economic crisis. Just what no country needs now is higher fuel prices in a global economic depression. Stuff like this creates tensions that can easily develop into war if our past is any indicator.
It looks like oil exploration off the west coast may be a reality and news like this can do wonders for lowering fuel prices which could really invigorate this economy.
Through these gloomy economic conditions however, light is peering through the clouds. The US dollar has been riddled, trashed, burned, and sold short by traitors (not traders). This is now having a reversal in trade. The weak dollar is now making the US manufacturing platform cheaper than China!
Yep, with the increased costs of fuel combined with the weak dollar it appears manufacturing abroad is becoming less profitable. In my view we need to do some serious ass kicking in Washington to get corporate and small business taxes reduced.
That would open the floodgates to much stronger economy with more jobs created by the private sector. Lower taxes will give business more incentive to spend more on capital improvement and expansion. Is Congress listening?
We already know which one is not.
It looks like oil exploration off the west coast may be a reality and news like this can do wonders for lowering fuel prices which could really invigorate this economy.
Through these gloomy economic conditions however, light is peering through the clouds. The US dollar has been riddled, trashed, burned, and sold short by traitors (not traders). This is now having a reversal in trade. The weak dollar is now making the US manufacturing platform cheaper than China!
Yep, with the increased costs of fuel combined with the weak dollar it appears manufacturing abroad is becoming less profitable. In my view we need to do some serious ass kicking in Washington to get corporate and small business taxes reduced.
That would open the floodgates to much stronger economy with more jobs created by the private sector. Lower taxes will give business more incentive to spend more on capital improvement and expansion. Is Congress listening?
We already know which one is not.
Tuesday, October 14, 2008
Fuel Prices Now
What a ride! Fuel prices are slipping dramatically as oil has dropped from a staggering $130 plus dollars a barrel a few months ago down to less than $80 today. The primary reason for this roller coaster ride is determined to be from market speculators.
Yep, the wall street Harvard and Yale geniuses were part of the build up to astronomical oil prices to fill their wallets and drive this economy into a downward frenzy. The American public is on to them now as we all have had to cut back on everything, thus all other markets began to slow down. As fuel prices rose all other markets slowed and prices rose. I do all the shopping in my house and it was clearly evident food prices rose. Goldman Sachs not too long ago squeeled that $200 a barrel oil was near and is now touting $40 a barrel is not too far away. Don't listen to Wall Street!
Gasoline is now below $3.00 a gallon and could drop down to the lower $2.00 range. Some even feel $50.00 a barrel is not far away as American fuel consumption fell to 10 year lows. OPEC is considering cutting production to boost prices when a few months ago they were asked to increase production to lower prices.
President Bush released drilling options on thousands of potential drilling sites and Congress allowed the off shore drilling ban to expire. These two acts alone were enough to drive oil prices down and as production rises here in the US oil prices will continue to drop. I think oil will fall to between $40 and $50 a barrel. This will be a boon to American industry if we can get this economy moving again.
Ethanol plants and public resistance to it are growing as some ethanol producers are finding it harder to turn a profit. They would not profit at all if it were not for tax payer subsidies. Bio diesel is still an option as diesel is still far too expensive and the excuses for the high price there is beginning to fail.
Yep, the wall street Harvard and Yale geniuses were part of the build up to astronomical oil prices to fill their wallets and drive this economy into a downward frenzy. The American public is on to them now as we all have had to cut back on everything, thus all other markets began to slow down. As fuel prices rose all other markets slowed and prices rose. I do all the shopping in my house and it was clearly evident food prices rose. Goldman Sachs not too long ago squeeled that $200 a barrel oil was near and is now touting $40 a barrel is not too far away. Don't listen to Wall Street!
Gasoline is now below $3.00 a gallon and could drop down to the lower $2.00 range. Some even feel $50.00 a barrel is not far away as American fuel consumption fell to 10 year lows. OPEC is considering cutting production to boost prices when a few months ago they were asked to increase production to lower prices.
President Bush released drilling options on thousands of potential drilling sites and Congress allowed the off shore drilling ban to expire. These two acts alone were enough to drive oil prices down and as production rises here in the US oil prices will continue to drop. I think oil will fall to between $40 and $50 a barrel. This will be a boon to American industry if we can get this economy moving again.
Ethanol plants and public resistance to it are growing as some ethanol producers are finding it harder to turn a profit. They would not profit at all if it were not for tax payer subsidies. Bio diesel is still an option as diesel is still far too expensive and the excuses for the high price there is beginning to fail.
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