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Hoarding is exactly what the government is doing right now by filling the SPR, and frankly it's the best thing that could happen. It drives prices up. High prices encourage demand destruction. They also finance new well development. The hoarded oil gives us a buffer to fall back on once shortages become more prevalent. High prices are what we need in order to adapt to what's coming, and the sooner they happen, the better.

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  Topic: U.S. to Station Diplomats in Iran!!!
Fiddlerdave

Replies: 36
Views: 1221

PostForum: Geopolitics   Posted: Fri Jul 18, 2008 12:49 pm   Subject: Re: U.S. to Station Diplomats in Iran!!!
2 years of non-stop war drum beating, headlines every 3rd day, and now this, and no headlines?

What gives?

Somebody give me something here. I'm really at a loss to see how this is not front pag ...
  Topic: GM cancels healthcare
Fiddlerdave

Replies: 76
Views: 2523

PostForum: Economics & Finance   Posted: Fri Jul 18, 2008 12:25 pm   Subject: Re: GM cancels healthcare
So how are all thousands of retirees going to take care of themselves?

Is Medicare enough? I f I were promised healthcare till I die and all of a sudden, they cancel what they promised, maann I wou ...
  Topic: Housing & Economic Collapse - In Progress - #2
Fiddlerdave

Replies: 1295
Views: 72027

PostForum: Economics & Finance   Posted: Tue Jul 15, 2008 2:12 pm   Subject: Re: Housing & Economic Collapse - In Progress - #2
It is good to consider that along with direct intervention in short trading, the astounding promises of multi-trillion subsidies and bailouts for F&F, and an oil price drop failed to keep the DJ ...
  Topic: Practical information for dealing with bank runs?
Fiddlerdave

Replies: 44
Views: 1595

PostForum: Economics & Finance   Posted: Tue Jul 15, 2008 1:50 pm   Subject: Re: Practical information for dealing with bank runs?
In my previous business, the line of credit issuewas critical. Losing it is very bad if you need it to operate. I'd draw it all out and consider the extra interest to be a cost of insurance that all ...
  Topic: Israeli warplanes rebase to US bases in Iraq
Fiddlerdave

Replies: 66
Views: 2890

PostForum: Geopolitics   Posted: Tue Jul 15, 2008 2:19 am   Subject: Re: Israeli warplanes rebase to US bases in Iraq
Iran is showing every sign of being backed into a corner. And, while it may be fun to watch them squirm, it could result in unintended consequences, just like with the Japanese in WWII. I'd say it is ...
  Topic: Confessions of a Grocery stocker .
Fiddlerdave

Replies: 44
Views: 2642

PostForum: Peak Oil Discussion   Posted: Tue Jul 15, 2008 2:04 am   Subject: Re: Confessions of a Grocery stocker .
I buy Skaggs Chili at Costco. Bought a new 8-pack, cans say "25% more beef". Cool. Then noticed a canful I heat in the microwave for the regular 2 minutes comes out scalding hot instead of just-rig ...
  Topic: [Water] General
Fiddlerdave

Replies: 135
Views: 24794

PostForum: Planning For The Future   Posted: Mon Jul 14, 2008 12:47 am   Subject: Re: How to keep stored water fresh/fresher?
I'll comment that I have had very good storage success by starting with the water from the "water stores" around here in Southern Calif. I am not talking little kiosks or filtering machines, these ar ...
  Topic: The only thing we have to fear...is loss of faith in banks!
Fiddlerdave

Replies: 13
Views: 796

PostForum: Economics & Finance   Posted: Sun Jul 13, 2008 11:45 pm   Subject: Re: The only thing we have to fear...is loss of faith in ban
What do they mean by "virtually uninterrupted"? Is my money going to be accessible at will or not? That's all that concerns me. I have bills to pay and they aren't virtually payable!Read your accounts ...
  Topic: B. Assoc issues an apocalyptic warning!!!
Fiddlerdave

Replies: 17
Views: 1602

PostForum: Current Events   Posted: Sun Jul 13, 2008 2:31 pm   Subject: Re: B. Assoc issues an apocalyptic warning!!!
Sorry, I forgot about the leverage effect, now being used everywhere.

This why in a recent article, a banker was asking the government to bail them out. Actually, he was socially responsable in his ...
  Topic: Housing & Economic Collapse - In Progress - #2
Fiddlerdave

Replies: 1295
Views: 72027

PostForum: Economics & Finance   Posted: Sun Jul 13, 2008 2:19 pm   Subject: Re: Housing & Economic Collapse - In Progress - #2
But yes, we probably do become like weimar germany - except you won't need those bulky wheelbarrels, just a bank account. I'm not so sure about that! Our next Y2K may come from software crashes bec ...
  Topic: Oil at $500/barrel? No problem, says Financial Times.
Fiddlerdave

Replies: 26
Views: 1436

PostForum: Peak Oil Discussion   Posted: Sun Jul 13, 2008 1:39 pm   Subject: Re: Oil at $500/barrel? No problem, says Financial Times.
You have to love a view from an Ivory Tower. Does our dear professor think that 10% income cut would occur evenly across the board for all income brackets?

The reality will be the top continues th ...
  Topic: Financial drop in S&P: Will look like August 2004
Fiddlerdave

Replies: 17
Views: 809

PostForum: Peak Oil Discussion   Posted: Sat Jul 12, 2008 3:49 am   Subject: Re: Financial drop in S&P: Will look like August 2004
http://www.bloomberg.com/apps/news?pid=20601213&sid=au9lYw3WnbS8&refer=home

Whew! That's a relief. I was afraid things were going to look like 1929. :cry:They were just talking Friday. ...
  Topic: Housing & Economic Collapse - In Progress - #2
Fiddlerdave

Replies: 1295
Views: 72027

PostForum: Economics & Finance   Posted: Sat Jul 12, 2008 3:42 am   Subject: Re: Housing & Economic Collapse - In Progress - #2
...IndyMac specialized in Alt-A loans, a type of mortgage that can often be offered to borrowers who don't fully document their incomes or assets...
Live by the sword, get disemboweled by the sword. ...
  Topic: how high will oil go if Israel bombs iran?
Fiddlerdave

Replies: 31
Views: 1222

PostForum: Geopolitics   Posted: Sat Jul 12, 2008 3:22 am   Subject: Re: how high will oil go if Israel bombs iran?
Our economy is already fried so what have the US and Israel got to lose by bombing Iran?I mantain this war is the only course that can possibly bring about a Mccain win, at least the hope of a win. A ...
  Topic: Oil dips over secret US-IRAN deal on fuel pricing!!!!
Fiddlerdave

Replies: 18
Views: 1420

PostForum: Current Events   Posted: Thu Jul 10, 2008 2:02 pm   Subject: Re: Oil dips over secret US-IRAN deal on fuel pricing!!!!
And then: one of the full blood Americans could me explain this abbreviation: TPTB (or are these 4letter word which cannot be written in polite English)?
The Powers To Be :)Actually, Its" The Powers ...
 
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