The Economy

[Tree18is]

just think, there is no tomorrow, and money wont mean anything.

[Massive Lee]

the US currency has lost 1/4 its value in the past 2 years. Expect all imported goods to cost proportionally more. Also, the US currency used to be a safe refuge for speculators. Now that it is worth nothing, speculators are investing in oil, gold, and grain (rice, corn and wheat). Look what's currently happening. All prices are rising due to speculators. Consummers are paying rising prices so that speculators make money.

[blunttech]

Right now we dont need too much more crude. Crude supplies are up the distiled supply is kinda low (think gas and diesel) More refineries running at 100% instead of 70% would help or just building a few more would not hurt. Also we are using less fuel, demand is down something like 6% form a year ago.

The bigest problem is the speculation of all the comidies traders they ran the pric of oil up 3 bucks yesterday alone closed a 125.96 a barrel. If some one puts the towel on too tight in a oil producing county they run amuck with the speculation.

The you have the price of every thing else going up because diesel is 4.50+ a gallon and everything we use it brought to us by truck. Food is being driven up by the E85 craze as farmers swap over to corn production for E85 because it pay better, who could blame them. That in turn shortens livestock feed supplies driving that up, which in turn drives up any meat. Also every one swapping to corn means the other main crops are not being raised in the quanties they were before so that leaves them is somewhat short supply. Then you have the cost of fuel again on the farmer, and the truckers that bring it all to your local store.

be ready to grab your ass is gonna get a lot worse before it gets better

edit: I have heard reports of diesel jumping more than .20 cents yesterday to as much as 4.87 in places.

we dont need much more crude???? so using our own resources is not a good idea in your mind? i guess i dont understand being tied to someone elses oil when we have our own.

[mrsleeve]

Right now we dont need too much more crude. Crude supplies are up the distiled supply is kinda low (think gas and diesel) More refineries running at 100% instead of 70% would help or just building a few more would not hurt. Also we are using less fuel, demand is down something like 6% form a year ago.

The bigest problem is the speculation of all the comidies traders they ran the pric of oil up 3 bucks yesterday alone closed a 125.96 a barrel. If some one puts the towel on too tight in a oil producing county they run amuck with the speculation.

The you have the price of every thing else going up because diesel is 4.50+ a gallon and everything we use it brought to us by truck. Food is being driven up by the E85 craze as farmers swap over to corn production for E85 because it pay better, who could blame them. That in turn shortens livestock feed supplies driving that up, which in turn drives up any meat. Also every one swapping to corn means the other main crops are not being raised in the quanties they were before so that leaves them is somewhat short supply. Then you have the cost of fuel again on the farmer, and the truckers that bring it all to your local store.

be ready to grab your ass is gonna get a lot worse before it gets better

edit: I have heard reports of diesel jumping more than .20 cents yesterday to as much as 4.87 in places.

[DCColegrove]

I've always done pretty well myself never worried about it until now...

I'm actually tanking out for the first time ever...

Bills late, shit like that.

[blunttech]

i normally dont think too much about the cost of shit. thats not to say i dont shop around to get the best deal on stuff but in the last 2 months i seriously think before driving and how i can combine trips and save miles. i really feel bad for families who are just barely making it and have to drop 60 bucks in their tank once or twice a week. we need to drill in ANWR and fuck all the environmentalists

[e30love]

The middle east and then our gov

[DCColegrove]

Okay...

This is kicking my ass...

I have 4 kids ages 10 years to 3 months (2 in diapers).

I have watched the price of everything I need to do business double and then triple over the past six or eight months. Same thing with all the things necessary to life, and It now costs $50 to fill the tank of my daily driver.

:hitler: So Who's ass do we need to kick to straiten this shit out?