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Posted
I'm sure that our resident Socialist Day Trader (aka fear_and_greed) has been feverishly following the petro-markets while putting together a trading strategy that will help him profit from the inevitable decline and collapse of global capitalism, so maybe he'll chime in if he's already taken his profits.

 

I think he's busy helping his hero Hugo Chavez setup the AK-47 factory to protect Venezuala from the capitalists.

Posted
Anyhow - I am hoping that the same masterminds that have uncovered the great gas-price lowering conspiracy can shed some light on the neocon conspiracy that makes the price of air-conditioning units, shorts, and beach-houses rise in the summer, and the price of warm-coats, lift-tickets, and ski-equipment rise in the winter.

yelrotflmao.gif

Ph.D material for sure!

Posted
I saw this letter in today's PI and I thought of JayB and Fairweather and of course you all.

 

Monday, September 18, 2006

 

Letters to the Editor

 

 

HATRED

 

 

--------------------------------------------------------------------------------

 

 

 

Bush naysayers want gas prices to go higher

In response to Robert Cummins' letter of Friday, he is just like most liberals hoping gas prices do go up to have a better chance of the liberals winning the Senate and the House in November.

 

Well, the gas prices are going down, the unemployment rate is low and going down, and the Dow is nearing an all-time high. Insurgents, who Cummins probably calls freedom fighters, are being caught on a daily basis.

 

Bush haters actually wish for higher gas prices, a poor economy and to not capture Osama bid Laden before the election.

 

It's a shame to be blinded by hatred.

 

John Picinich

Seattle

 

This guy has his head up his ass. New home construction is down in most areas and as intrest rates rise people will be sqeezed out ot thier overpriced new homes. Also existing home sales are down. Lots of people could be hurting soon and maybe they will blame Bush.....

Still going strong here but for how long?

Posted
I saw this letter in today's PI and I thought of JayB and Fairweather and of course you all.

 

Monday, September 18, 2006

 

Letters to the Editor

 

 

HATRED

 

 

--------------------------------------------------------------------------------

 

 

 

Bush naysayers want gas prices to go higher

In response to Robert Cummins' letter of Friday, he is just like most liberals hoping gas prices do go up to have a better chance of the liberals winning the Senate and the House in November.

 

Well, the gas prices are going down, the unemployment rate is low and going down, and the Dow is nearing an all-time high. Insurgents, who Cummins probably calls freedom fighters, are being caught on a daily basis.

 

Bush haters actually wish for higher gas prices, a poor economy and to not capture Osama bid Laden before the election.

 

It's a shame to be blinded by hatred.

 

John Picinich

Seattle

 

This guy has his head up his ass. New home construction is down in most areas and as intrest rates rise people will be sqeezed out ot thier overpriced new homes. Also existing home sales are down. Lots of people could be hurting soon and maybe they will blame Bush.....

Still going strong here but for how long?

 

Good question. Superimpose this:

 

Net change in median household income,1999-2005, in 2005 dollars.

corrected_median_household_income_map.png

On This

map_of_misery.jpg

 

and then factor in this

 

GDPMEW.jpg

 

and take a look at the real-estate valuation figures here:

Global Insight Q1 '06 House Price Report. Seattle 34.1% Overvalued

 

 

 

 

 

Somewhere there's a chart that shows the percentage of all private sector jobs created since 2001, and real-estate, construction, mortgage-lending, etc adds up to a significant percentage - like a third or higher - since '01. I'm crossing my fingers and hoping that increased capital spending by corporations will help out on the jobs front and mitigate the impact of the slowing housing market, but if domestic consumption goes down then the only reason for them increase capital spending and hire more folks will be to sell things to consumers abroad.

 

Thankfully for Seattle, most of the major industries seem to be in reasonably good shape, so hopefully the impact of an RE slowdown will be muted by positive developments elsewhere. For places like Phoenix and South Florida, the future looks a bit rougher.

Posted

How many people would live in Florida if they couldn't get state-subsidized hurricane insurance? Does it make sense for the government to take tax money from "grannies in trailer parks" so that people can own million dollar homes on the beach?

Posted

Does Canadian government provide flood insurance? I know that the Australian government doesn't, and I have no idea why our government thought that this made for sound policy.

Posted

I take it you haven't spent much time in the Skokomish flood plains. White, yes. Rich, no.

 

There's lots of rich white people on the coasts, but most of their homes are worth considerably more than what they'd get under the maximum payout, so The Man is actually doing a pretty poor job of taking care of his own, if that's the case.* As far as river floodplains go, being a flyfisherman and a kayaker, I've seen quite a few, and just about the only time you see expensive looking homes along the shore is when there's either elevated land close to the river, or the flows are dam-controlled and the risk of a catastrophic flood is low.

 

Anyhow, back to the original question. Looks like the NFIP was originally passed in 1956 but never funded, then revived 1968 in response to the damage that Hurricane Betsey inflicted on Mississippi.

  • 3 weeks later...
Posted

Back to the original question, my understanding is that gas prices have gone down due to three factors:

 

1) Seasonal demand (predictable). 2) Moderate new discoveries in proven oil reserves 3) Faster than predicted return of refinery capacity after Katrina.

 

I'm not sure a poll from a population where nearly one out of every two believes that Saddam had WMDs when we invaded is instructive, here.

 

I'm sure that some in the GOP would love to be able to manipulate gas prices, but the enormous loss in profits to energy companies that such a manipulation would entail would be, to say the least, prohibitive even to the most GOP-loving board member.

 

GOP-inspired policies have had a significant effect on oil prices (and the resultant record profits) over the longer term...by invading Iraq and destabilizing the Middle East.

Posted
Who the hell answers a poll with "No Opinion"? If you don't have an opinion, don't answer the fucking poll.

I am going to assume this is a joke but seriously did you consider that the peeps who didn't answer the "fuking poll" may have been added to the "no opinion" category??

 

I sure look fwd to the time when gas is not the issue.

 

Last night on NPR I heard something about production in Alaska somewhere was slowed by violent wind storms....This made me think about 10-15 years ago when this probably wasn't a headline on NPR; as oil production just occurred and weather patterns around production were not "worthy news"

 

As Dylan once sang "The times They are A-changin'...."

 

WE are all just lambs being led to the firestorm. cantfocus.gif

Posted (edited)
I want an infinite loop. Sounds like fun.

make your mac pilgrimmage

 

btw No Opinion = "i'm a retard, the most applicable option for most Americans"

Edited by cj001f

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