May 31, 2008
These guys are playing a role in the global market. They are not happy that their government is not going to subsidize their fuel costs anymore You see in many Asian countries that’s exactly what’s been going on. To forestall ‘unrest’ the governments have been spending massive amounts to keep fuel prices in their countries down. But….now running out of the ability to do this, out of money they are, the price off fuel is rising so…the demand is falling.
These guys are pissed but this might mean, might, that our costs will fall somewhat due to the lack of demand.
Read more about this and a lot more on the ‘oil crisis’ at Robert Oak’s blog where guest blogger New Deal Democrat starts his post off with a bang:
‘I was in the midst of writing a diary about how there aren’t "2 Americas", a la John Edwards, but 3, when it became clear that so much information has become available this week concerning the forces affecting Americans’ demand for oil, that it demanded its own diary. Even if the world has reached the plateau of "Peak Oil" and supplies will gradually be rationed at higher and higher prices, there are going to be booms and busts along the way. I’m here to tell you that the evidence suggests that there has been a speculative boom in the last 6-9 months and we may shortly see a bust, echoing the sudden decline of oil from $80 to $55 a barrel just before the 2006 elections. The boom and the bust, if it happens, have everything to do with (1) Subsidies to gas consumption by Asian governments, (2) hoarding (in tanker ships), and (3) unintended consequences of the Fed’s bailing out billionaires, that have added about $1 to every single gallon of gas you buy.‘
Whoa, I don’t believe I read that part about you an me subsidizing the Bear Stearns bailout to the tune of $1 per gallon in the SF Chronicle. But then I wouldn’t would I. It’s all about how Barry is gonna be Pres. Great, follow that Kabuki there but if you want a head’s up on what’s coming:
This is the place to come.
May 29, 2008
clik on the graphic for a bigger clearer look…not that that will make you feel better.
Do you know anything about what ‘Traditional’ Economics says about ‘market ‘elasticity’, and what that meme says about price vs. supply?
Bet you wish you’d taken macroeconomics…er, maybe not what little they taught in
school is no longer relevant anyway.
April 29, 2008
You know, speaking solely for myself……I’m sick of Senator SnakeOil. Throw this JFK, MLK self-hating fool under the bus. Couple of reasons:
He’d have you believe that the Clinton’s are racists. They white ain’t they!
He has no clue foreign policy-wise.
He consistently uses Republican frames to push an agenda that has no place in the Democratic Party.
He’s a liar…..documented many, many times.
He’s totally ignorant of American Political history…wannna debate about his take on Reagan bring it on. I was there and Barry just get’s it wrong.
He has zero, that’s zero, chance of beating McSame in the GE. Electoral college analysis shows this to be the case today and really Rezko and Auchi are unlikely to help him win votes.
But…but….the GE is a long way away you assert. Well, yes it is but that just gives Senator ‘Foot-in-Mouth’ longer to do stupid shit like this:
David Axelrod on Hardball, a great place to followup the total clusterfuck that was Obama’s appearance on FAUX NOISE:
He’ll (Obama) invest in our infrastructure, which badly needs it. We know that. That’s one of the reasons this diversion from the federal highway trust fund that Senator McCain and
Clinton have proposed makes no sense.
What’s he talking about? Senator Clinton wants to seize the money Big Oil already owes us for past taxes they’ve not paid and levy a windfall profits tax to enable the Federal Government to remove the Federal
Gas Tax from gas and give the taxpayers and the economy a big, justifiable, progressive boost.
Obama doesn’t want to.
Why? Well because he didn’t think of it and it won’t help him get elected. In fact, it just…..
Elected Hillary Clinton.
February 23, 2008
Like him or not if he becomes President he’s gonna be important. Very important, this sound obvious to you does it? Well Sara Robinson of Orcinus has been on a sabbatical from there to produce a post I believe everyone needs to read.
Here’s the teaser quote:
There’s one thing for sure: 2008 isn’t anything like politics as usual.
The corporate media (with their unerring eye for the obvious point) is fixated on the narrative that, for the first time ever, Americans will likely end this year with either a woman or a black man headed for the White House. Bloggers are telling stories from the front lines of primaries and caucuses that look like something from the early 60s — people lining up before dawn to vote in Manoa, Hawaii yesterday; a thousand black college students in Prairie View, Texas marching 10 miles to cast their early votes in the face of a county that tried to disenfranchise them. In recent months, we’ve also been gobstopped by the sheer passion of the insurgent campaigns of both Barack Obama and Ron Paul, both of whom brought millions of new voters into the conversation — and with them, a sharp critique of the status quo and a new energy that’s agitating toward deep structural change.
Sounds like a fairly typical post about Senator ‘Change’ and his effect, so far, on the political process this Presidential election year. Well, when you read the title of this piece, please clik on same and read the whole thing, which is:
You will quickly see that it is anything but that. As Bush has cheerfully assured his followers ‘Politics has consequences…’ and Obama repeatedly asserts, ‘I am about change….’ politics now becomes perhaps the most important thing in every citizen’s life. We no longer have the luxury of ignoring politics and by extension what our government, yes it’s still ours if we can muster the spine to assert our ownership, does to protect and foster our success as a society. The good times are over homer and they will remain unreachable until you and I climb up and demand our government, that is the people in it, start doing what is required to rebuild what the raving lunatics of the ‘conservative’ ReichWing have destroyed.
February 11, 2008
Well guess what/ He’s asking for our help again. Now ‘some’ have said, pipe down back there reg_guy you will get yer say in the comments or…ya can even write a post, that Jerry is a ‘Blue Dog’ stab-in-the-backer on the Iraq issue. I’ve said stuff like that myself. So in light of the decisions made at the last steering committee meetup, you weren’t there…you don’t know what we decided…Hmmmmmm…Imagine that, I decided to cruise over to Jer’s blog and check out what he’s saying these days. Get me?
Here’s Jerry on Iraq:
I am firmly in favor of withdrawing troops on a timeline that includes both a definite start date and a definite end date (“date certain”) and uses clearly-defined benchmarks. I am not in favor of an “open-ended” timeline for withdrawal, as some members of Congress have proposed recently.
Pretty plain talk. Read his whole post right here and do read all the comments. You will be glad you did. I will be posting quite a bit on Jerry and other ‘progressive Democrats’ who are trying to get elected opposing either the fascist scum of the ReThuglican Party or like our own Donna Edwards going up against supposed ‘Democrat’ Al Wynn. This thing is going down tomorrow and sad to say I haven’t done enough to get this great young woman into Congress where she can use her brains and skill to advance our progressive agenda. Here’s a clip:
You can give to her campaign at our ‘For a Blue Majority Now’ Page. He will be opposed by another of the endless ReThug clones they manufacture in the Central Valley like flies over a feedlot.
I say we need Jerry right where he is pushing back against the stupidity of the ReichWing out in the Central Valley. He’s a smart guy and he’s fighting a smart fight.
I’ll be posting about our Chapter’s commitment to a brighter more progressive nation a lot in the months to come. I will be speaking with an emphasis on what you and I can do, irregardless of who is elected to what, to effect that change. We have a plan and with you backing we can make my meme: ‘Peace, Health and Prosperity for Everyone’ a reality. It’s time to stop griping and complaining and Take Action!