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2008-12-10 Home Front Economy

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Posted by Fred 2008-12-10 00:00|| || Front Page|| [11132 views ] Top

#1 And don't forget: Keep working on nuclear, wind, etc.. And in the meantime: Drill.

Posted by gorb 2008-12-10 02:40|| 2008-12-10 02:40|| Front Page Top

#2 When did we hit Peak Oil(c)?

or was that Peak Oil Speculation(c)?

Posted by Procopius2k 2008-12-10 08:37|| 2008-12-10 08:37|| Front Page Top

#3 P2K - When the banks stopped loaning to buy commodities, apparently. :)

Posted by Grenter, Protector of the Geats 2008-12-10 09:17|| 2008-12-10 09:17|| Front Page Top

#4 Oil falls on ~~low demand forecast~~ on Wall Street speculative trading run-ups and profit taking slump.

There, fully repaired.

Posted by Besoeker 2008-12-10 09:24|| 2008-12-10 09:24|| Front Page Top

#5 Also dollar strength helping, people are prepared to buy 3Month USD Treasuries at less than 0.00 yield!

Posted by Bright Pebbles 2008-12-10 11:01|| 2008-12-10 11:01|| Front Page Top

#6 More disinformation from the experts who have been out to lunch for years. The cited article obscures the %-age of consumption drop worldwide involved, it isn't much, yet the price of oil has plunged. I expect a future slight increase in world consumption will cause a drastic price increase (predicted by most Peak Oil theorists). There is a very complex interplay between the current world financial crisis & the flattening of world oil production which I don't understand. I don't think anyone understands it. Burn it while it's cheap. Investing in upgrades of alternate transportation methods now (such as rail, especially electrified rail) would be wise but won't happen, people have drunk too deeply of the Kool-Aid of Happy Motoring.

Posted by Anguper Hupomosing9418 2008-12-10 12:54|| 2008-12-10 12:54|| Front Page Top

#7 BP, that says the currency pros believe the dollar still has a lot of appreciation left. Still I wonder how the US will pay for the $3 trillion bailout (yes, it's mostly loans, but payback is iffy) and a $trillion Obama Youth program.

Posted by ed 2008-12-10 13:14|| 2008-12-10 13:14|| Front Page Top

#8 No, it says they are more scared about putting it anywhere else!

With deflation, they really ARE getting a RoI.

Posted by Bright Pebbles 2008-12-10 14:25|| 2008-12-10 14:25|| Front Page Top

#9 My advice, buy while it's cheap.

Posted by Grolush Darling of the Hatfields3195 2008-12-10 18:40|| 2008-12-10 18:40|| Front Page Top

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