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  • Valor7: Yes and no. We talked details and options until we were blue in the face but I never heardbring it over, it was always the time was not right for the issue to pass. Glad to see the time in now right and I for one shall vote yes on the ballot. I would urge all others to do the sameour county is busting at the seams crimewise and no matter how many bad guys we send off there always seems to someone to replace them. The Sheriff's Office needs the help.
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Author Topic: Good News?  (Read 757 times)

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Offline fish

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Good News?
« on: March 08, 2008, 03:19:04 PM »

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March 07, 2008 Is 'Oil Bubble" About to Pop?Rick Moran
The recent rise in oil prices to over $100 a barrell has been fueled largely by speculators, anaylsts say, hoping to hedge against the falling dollar and an unstable world situation - especially in the Middle East and South America.

But that might change in the
next few weeks:

The stunning price rise has been driven almost exclusively by investors who were bailing out of the dollar and other financial assets and pouring into commodities, Judith Dwarkin, chief economist at Calgary-based Ross Smith Energy Group, said yesterday.

“The fundamentals don't support prices at $80, let alone $100,” Ms. Dwarkin said. She said global demand growth has slowed in recent years, while spare capacity among members of the Organization of Petroleum Exporting Countries has expanded somewhat, even as inventories of gasoline are at robust levels.

“The greater prices diverge from what is fundamentally supportable, and the longer they stay at a distance from what is fundamentally supportable, the greater the risk of a correction, and a large one.” She has forecast an average price of $75 a barrel for this year.

Oil consumption in the developed world is dropping more sharply than anticipated just a few months ago because the subprime crisis has contributed to increasing economic weakness, Mr. Lynch said. Even emerging economies have slowed their demand growth in the face of record high prices, he added.
This speculative bubble, analysts say, may pop before summer due to increased gasoline stocks and a slowing economy.

At this point, any drop would be a welcome relief.

http://www.americanthinker.com/blog/2008/03/is_oil_bubble_about_to_pop.htm.

Offline fish

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Re: Good News?
« Reply #1 on: March 08, 2008, 03:28:16 PM »
My own opinion is that oil will drop by summer,housing purchases will go up starting this spring?
Gas consumption has dropped a little, there is no shortage of oil, and the texas refinery that caught fire a week or so ago will be back online by may.
With sunny and warmer weather people will be out more. the people that didn't have the down payment before now will, because of lower house prices.. housing prices have been inflated too long.
The summer hiring will start sooner than you think. there are many seasonal jobs that will be needed to be filled.
I believe things will turn around without much help from the government. But then again,I am an optimist.
getting out of the winter doldrums always perks things up!