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skinnyflyer

imminent innevitable u.s. economic depression

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That would explain why the price of crude has dropped 12% in the last two weeks



global warming. NE heating oil comsumption is 20-30% less than normal because of an unusually warm or non existant winter. its 20c above seasonal average here in montreal and its been like this all winter.


Tell it to the people in Denver. Do you really think warm weather in the NE is going to cause worldwide prices to drop 12%?

And about " its 20c above seasonal average here in montreal and its been like this all winter" - I call BULLSHIT! What were the highs last seven days?

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and down about 30% from its July highs.


its only down from the spike. it has still risen overall.



So that was a spike? People were saying the same thing when it first went above $40, and then $50, and then $60, and then $70, stopping just shy of $80. :P

And if it was just a spike, why are you so concerned about $100/barrel?



The White House has just admitted there is an issue with global warming.

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From April '03 to July '06 the price of crude climbed from $25/barrel to $79/barrel. That's an increase of over 200%.

During that same period, the Dow Jones Industrial Average (the least volatile of commonly followed stock indexes) climbed about 40 percent.

Why?



OK, so the few are making money, but that doesn't address the issue stated.


The few? What percentage of Americans own any stock?

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Furthermore, the timeframe is quite short, esp since virtually all of that gain occurred in less than the last year, or last 6 months.


Where do you get this stuff. The Dow climbed more in '03 than in '06.
Translation: Less than half is not the same as virtual all. ;)

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The housing slump will turn into a housing foreclosure-fest / bankruptcy overrun.


We've been hearing this same story of gloom and doom for about a year and a half. "Wolf! Wolf!"

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And then there's the debt at 8.6T, we can barely pay the interest on it. At least Clinton curbed it and it was actually projected to turn downward


Aint projections grand.;) If Clinton had actually reduced the debt a single dollar... now that would have been something to crow about.


We ARE headed for a real fucker in the next 10 years, could be a serious depression as with the Hoover years. Difference would be that it kinda snuck up on them, now we havre all the indicators and can do nothing about it.


Wolf! Wolf!

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despite the lies Skinny is trying to spread



if you're going to call me a liar can you please back it up. exactly which part is a lie.

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BTW Yanks, there is enough oil in Alberta to power the entire world for a good 50 years, maybe more

:D:D:D:D

that sounds like a lie;

the oil sands are a joke and also a natural disaster.
the energy return is less than 2to1, conventional crude's ratio is +30to1 or so, and it requires tremendous amounts of natural gas. production of natural gas has peaked and is in steep decline in north america. the oil sans may contain trillions of barrels of recoverable oil but this is irrelevant all that matters is production over time. even the most optimistic predictions don't see the oil sands producing more than 5 million barrels per day and that level will over a decade to reach.
the world currently produces 85million barrels per day but consumption is predicted to be 120million per day before 2030. there is simply nowhere for this oil to come from. and if the pessimists(realists in this case for me) then we might have peaked in 2005 and will never produce more than 85mb/d and production will start to fall.
"Death is more universal than life; everyone dies but not everyone lives."
A. Sachs

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somehow i don't think making animal sounds is going to help solve the stated problem.



Which animal other than man makes the sound "Wolf-Wolf"?

...
Driving is a one dimensional activity - a monkey can do it - being proud of your driving abilities is like being proud of being able to put on pants

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Don't like the price of crude? Blame OPEC and/or GWB for bringing instability to the Middle East. But the high price of crude (despite the lies Skinny is trying to spread) has nothing to do with a perceived shortage of the dino juice. We humans need to clean up the environment and find (or just start using) alternate energy sources. But once again, don't believe Skinny's lies. He's from Quebec and that province is a cesspool for crime and corruption. BTW I'm not implying that Skinny is a criminal or corrupt. But many of his fellow Quebecois are.



Aside from where the author is from or who he is, his issue is that the US economy, being oil-based will crumble when the shit hits the fan. I agree. And we have the house crash that I believe will come and the debt that no one wants to talk about. We don;t even need to establish that the neo-cons are responsible for nearly all of it, just that it IS and it WILL create a crash of a sort. I don;t know if we just wipe it clean or what, but all of these elements will come together and collectively crash teh US dollar just as the Ruskies monetary system crashed. Reaganites laughed we we supposedly outspent them, will they laugh as our dollar falls too?

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the oil sands are a joke and also a natural disaster.



One would only expect such a response from a Quebecer. By the way, who's paying for all your generous social programs? Surely not yourselfs. If the Oil Sands are such a joke that you claim them to be, why is Quebec not self-sufficient? Why can you people not carry your own weight in confederation?


Try not to worry about the things you have no control over

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From April '03 to July '06 the price of crude climbed from $25/barrel to $79/barrel. That's an increase of over 200%.

During that same period, the Dow Jones Industrial Average (the least volatile of commonly followed stock indexes) climbed about 40 percent.

Why?



OK, so the few are making money, but that doesn't address the issue stated.


The few? What percentage of Americans own any stock?

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Furthermore, the timeframe is quite short, esp since virtually all of that gain occurred in less than the last year, or last 6 months.


Where do you get this stuff. The Dow climbed more in '03 than in '06.
Translation: Less than half is not the same as virtual all. ;)

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The housing slump will turn into a housing foreclosure-fest / bankruptcy overrun.


We've been hearing this same story of gloom and doom for about a year and a half. "Wolf! Wolf!"

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And then there's the debt at 8.6T, we can barely pay the interest on it. At least Clinton curbed it and it was actually projected to turn downward


Aint projections grand.;) If Clinton had actually reduced the debt a single dollar... now that would have been something to crow about.


We ARE headed for a real fucker in the next 10 years, could be a serious depression as with the Hoover years. Difference would be that it kinda snuck up on them, now we havre all the indicators and can do nothing about it.


Wolf! Wolf!




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The few? What percentage of Americans own any stock?



Probably many since 401k's ar3e loaded with them, but the pittance they make is nothing compared to the few manipulators.

Another pint I fogot to make was that Under the Bush Sr admin, the econmy went into and out a few recessions, yet the stock market climbed, so the Dow is not a great indicator of anything much.

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Where do you get this stuff. The Dow climbed more in '03 than in '06.
Translation: Less than half is not the same as virtual all.



http://finance.yahoo.com/q/bc?s=%5EDJI&t=my&l=on&z=m&q=l&c=

Right, it hiccuped in 2002 and resumed the same level in 2004, so there was no gain, just a recovery from the drop 2 years prior. We can take the bottom of a slump and then call the quick ascent and call it a huge gain when it's just a reaction to a correction.

So the gain after stabilization came inthe last 6 months, or we can talk of the crash in 02.

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We've been hearing this same story of gloom and doom for about a year and a half. "Wolf! Wolf!"



And new housing surplusses are huge. Also, there are few new entrants into the housing market due to the cost, just upgraders. So if ya don;t owna house, ya won't until after the crash. Maybe Bush Jr can do like daddy and leave HUD catalogues the size of Sears catalogues.

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Aint projections grand. If Clinton had actually reduced the debt a single dollar... now that would have been something to crow about.



I realize you will ignore the graph I'm abiut to post, but even if he didn't, there is debate, he definately leveled it off via tax increases for teh rich and more controlled spending, then y our hero threw it up at TWICE the rate of Clinton's predecessors, your other hero's.

http://www.cedarcomm.com/~stevelm1/usdebt.htm
There ya go, just gloss over it now. ;) Turning that kind of ascent IS something to crow about, flipping it vertically at twice the rate is something that Bush voters need to wear like a badge.

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Wolf! Wolf!



That is the brightest thing you've written so far.

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And then there's the debt at 8.6T, we can barely pay the interest on it. At least Clinton curbed it and it was actually projected to turn downward


Aint projections grand.;) If Clinton had actually reduced the debt a single dollar... now that would have been something to crow about.


!



I suppose that's the excuse for RECORD deficits. At least it's more original than "Clinton got a BJ"

Over 50% of the debt was run up by just three Republican administrations - Reagan, Bush and Bush.
...

The only sure way to survive a canopy collision is not to have one.

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somehow i don't think making animal sounds is going to help solve the stated problem.



Do you expect them to address the issues? With what? OK, our representatives have slammd teh economy from every angle, written the 4th out of the US Cnst, and just barged over whatever they could write out, and created world hate for teh US; so what's the big deal? These neo-con ideologues cannot create an argument and refuse to acknowledge the damage their party has done, same old song...[:/]

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despite the lies Skinny is trying to spread



if you're going to call me a liar can you please back it up. exactly which part is a lie.

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BTW Yanks, there is enough oil in Alberta to power the entire world for a good 50 years, maybe more

:D:D:D:D

that sounds like a lie;

the oil sands are a joke and also a natural disaster.
the energy return is less than 2to1, conventional crude's ratio is +30to1 or so, and it requires tremendous amounts of natural gas. production of natural gas has peaked and is in steep decline in north america. the oil sans may contain trillions of barrels of recoverable oil but this is irrelevant all that matters is production over time. even the most optimistic predictions don't see the oil sands producing more than 5 million barrels per day and that level will over a decade to reach.
the world currently produces 85million barrels per day but consumption is predicted to be 120million per day before 2030. there is simply nowhere for this oil to come from. and if the pessimists(realists in this case for me) then we might have peaked in 2005 and will never produce more than 85mb/d and production will start to fall.



One of the largest reserves the US has in in Colorado, but we would have to desecrate the region to get to it..... I'm sure we will.

The REAL problem is overpopulation, no one wants to address it.

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One would only expect such a response from a Quebecer.

being from quebec doesn't change the facts that i just mentioned but thanks for the stereotyping.

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why is Quebec not self-sufficient?


sorry, im not running the province.
"Death is more universal than life; everyone dies but not everyone lives."
A. Sachs

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And then there's the debt at 8.6T, we can barely pay the interest on it. At least Clinton curbed it and it was actually projected to turn downward


Aint projections grand.;) If Clinton had actually reduced the debt a single dollar... now that would have been something to crow about.


!



I suppose that's the excuse for RECORD deficits. At least it's more original than "Clinton got a BJ"

Over 50% of the debt was run up by just three Republican administrations - Reagan, Bush and Bush.



Actually, as you have written in the past, it's 70% for the 3 stooges. Furthermore, who's fault ws the 1.5 T under CLinton? He assumed a 45 degree incline and it took 5 years to make it turn the corner, so is that even his fault? I think not since it was obvious that his fiscla policies didn't support that kind of incline.

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