Tuesday, July 29, 2008
LOCKDOWN
Thursday, July 24, 2008
BARTMAN - HOW TO GET A DEATHTHREAT
Tuesday, July 22, 2008
OBAMA ROADTRIP
On his trip to the middle east this week, Mr Obama met with Mr Maliki, the prime minister of Iraq , who supports Obama's suggestion of a full drawback by the end of 2010. This pat on the back has given Mr Obama enormous political boost. With the support of Mr Maliki on a withdrawal Obama is sure to get a wider support on the Iraq issue. It seems that McCain is loosing one of his best cards.
Thursday, July 17, 2008
REDNECK VOTE
The discussion about whether to drill for oil on the American coasts or not has gotten extensive media focusand is bound to be a major political issue this November election.President George Bush promotes offshore drilling as a sollution to the high gas prices and claims it is a matter of national security. With him stands (or sits, depends on how late it is, or if he has had his nap) republican presidential nominee John McCain.
Tuesday, July 15, 2008
DIESEL DEMAND
Michael Waldron from the Lehman Brothers say that "We think oil is set for a significant correction, but it's not likely to occur before the end of this year, or the beginning of next year"
This is based on the speculation that governments will reduce the subsidies that has kept the fuel prices down so far. Another factor that can deflate the fuel prices is the fight against the high inflation that has festered itself over the American economy. This fight will start with a rent increase from the Fed's, making the dollar stronger. As the dollar gains strength, the benefits of a low dollar in the oil exchange disappears, and the demand will slowly go down. The correction of the mighty dollar will come as soon as the financial market calms down and gains faith from the market. When that will happen is still unsure.
Monday, July 14, 2008
TOO BIG TO FAIL
Back in the 1990's the American government's response to Japan's major economical collapse, was that the market should figure it self out without the government bailing them out. "No bank was too big to fail." echoed from Washington. The American economy as we see it today has no possibility to survive if this mortgage engine fail, and the repercussions may halt the entire global market in a far severe way than we see nowadays. So all though it reeks of hypocrisy, it's probably best for everyone that the man intervened. And what is so wrong about having the government backing up the financial market?
Saturday, July 12, 2008
UNDERGROUND
Who knew Seattle was funded by hard liquor, gambling and prostitution and that at some point 10 % of the population was "seamstresses".
Thursday, July 10, 2008
CHANGES
Wednesday, July 9, 2008
SPOILED AMERICANS
The president, supported by most republicans, wants to drill their way out of the crisis while the democrats seeks more creative ways of solving the stain that is on every blue and white collar in this country. They are both off.
Drilling for more oil and promoting renewable energy are both long term solutions. What we need now is a quick fix. So how do we do that?
Here is a couple of ideas; drive the bus, exercise, ride a bike, carpool, don't drive thru your life, get more information about the situation, sell your car, buy a smaller car, don't go overseas for the holidays (airplanes suck oil for tourist buck)
The solution is consume less oil, the demand goes down, the speculators burn, and price goes down with them.