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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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Author Message
  Topic: Housing & Economic Collapse - In Progress - #2
MarkL

Replies: 1389
Views: 77201

PostForum: Economics & Finance   Posted: Fri May 30, 2008 4:17 pm   Subject: Re: Housing & Economic Collapse - In Progress - #2
House prices are falling even faster than during the Great Depression

http://media.economist.com/images/20080531/CUS390.gif

Nice graph.
  Topic: Slouching Toward a Population Die-Back
MarkL

Replies: 6
Views: 605

PostForum: Current Events   Posted: Wed May 28, 2008 3:49 pm   Subject: Slouching Toward a Population Die-Back
Member vox_mundi submitted this to our main news page. The source has a political agenda so I rejected it but it's still a good story - worth posting here.

markl

Is there a famine in our future ...
  Topic: Housing & Economic Collapse - In Progress - #2
MarkL

Replies: 1389
Views: 77201

PostForum: Economics & Finance   Posted: Thu May 22, 2008 10:00 pm   Subject: Re: Housing & Economic Collapse - In Progress - #2
This made me laugh (and cry Crying or Very sad ) This article really puts the economic situation into perspective.

The fiat-money experiment and the monsters it's spawned have broken out of the lab and onto t ...
  Topic: Housing & Economic Collapse - In Progress - #2
MarkL

Replies: 1389
Views: 77201

PostForum: Economics & Finance   Posted: Thu May 15, 2008 1:48 pm   Subject: Re: Housing & Economic Collapse - In Progress - #2
As it did when the housing bubble began to burst, California is leading the way in the next leg: a consumer bust.

Squeezed by rising unemployment, inflation in food and energy costs and plunging ho ...
  Topic: Housing & Economic Collapse - In Progress - #2
MarkL

Replies: 1389
Views: 77201

PostForum: Economics & Finance   Posted: Tue May 13, 2008 10:26 am   Subject: Re: Housing & Economic Collapse - In Progress - #2
Home Prices Post Steepest Drop in 26 Years

Single-family home prices dropped 7.7% in the first quarter in the largest year-over-year decline since the National Association of Realtors began reporti ...
  Topic: Starting a Library (late) What 5 Books MUST BE IN MY LIBRARY
MarkL

Replies: 61
Views: 4914

PostForum: Planning For The Future   Posted: Mon May 12, 2008 10:20 am   Subject: Re: Starting a Library (late) What 5 Books MUST BE IN MY LIB
Crisis Preparedness Handbook

Tom Brown's Wilderness Survival Guide

SAS Survival Handbook

The Encyclopedia of Country Living

The Self Sufficient Guide and How to Live It

[url=http://www. ...
  Topic: Weekly US Petroleum and NG Supply Reports 2007-08
MarkL

Replies: 1481
Views: 153419

PostForum: Current Events   Posted: Mon May 12, 2008 8:52 am   Subject: Re: Weekly US Petroleum and NG Supply Reports 2007-08
This thread has been closed.

The new thread is [url=http://www.peakoil.com/fortopic39747.html]here.
  Topic: Housing & Economic Collapse - In Progress - #2
MarkL

Replies: 1389
Views: 77201

PostForum: Economics & Finance   Posted: Fri Apr 25, 2008 10:09 am   Subject: Re: Housing & Economic Collapse - In Progress - #2
The Conference Board Consumer Confidence Index, which had declined sharply in February, fell further in March. The Index now stands at 64.5 (1985=100), down from 76.4 in February. The Expectations Ind ...
  Topic: Housing & Economic Collapse - In Progress
MarkL

Replies: 5212
Views: 406298

PostForum: Current Events   Posted: Fri Apr 25, 2008 9:32 am   Subject: Re: Housing & Economic Collapse - In Progress
This topic has been locked due to being too large to moderate.

Continue the discussion here:

[url=http://www.peakoil.com/fortopic39115.html]Housing & Economic Collapse - In Progress - #2

...
  Topic: Housing & Economic Collapse - In Progress - #2
MarkL

Replies: 1389
Views: 77201

PostForum: Economics & Finance   Posted: Fri Apr 25, 2008 9:28 am   Subject: Housing & Economic Collapse - In Progress - #2
I tried splitting an off topic discussion from the original thread and after 20 minutes, it is still loading.

[url=http://www.peakoil.com/fortopic18070.html]Link to original thread

Please conti ...
  Topic: Housing & Economic Collapse - In Progress
MarkL

Replies: 5212
Views: 406298

PostForum: Current Events   Posted: Thu Apr 24, 2008 5:45 pm   Subject: Re: Housing & Economic Collapse - In Progress
Here in America lower income people were thrown over-board by the baby boomers back in the 80s. They've been Fark ever since.

And exactly how did the average American baby boomer throw people "ov ...
  Topic: Difficult tasks/lessons learned on the road to independence
MarkL

Replies: 23
Views: 1666

PostForum: Planning For The Future   Posted: Thu Apr 24, 2008 3:51 pm   Subject: Re: Difficult tasks/lessons learned on the road to independe
I've killed a couple of groundhogs with an old 20 gauge - that's about it. They were digging under the concrete under a barn I had. They had to go.

When I was about 10, I watched my grandfather d ...
  Topic: From the Farm: A Peak Oil Journal
MarkL

Replies: 27
Views: 2910

PostForum: Planning For The Future   Posted: Wed Apr 23, 2008 8:26 am   Subject: Re: From the Farm: A Peak Oil Journal
This thread moved from the Peak Oil Discussion Forum to the Planning for the Future forum.

mark
  Topic: PO Changed My Life; Now I …
MarkL

Replies: 78
Views: 10343

PostForum: Planning For The Future   Posted: Tue Apr 08, 2008 6:37 pm   Subject: Re: PO Changed My Life; Now I …
PO Changed My Life; Now I...

Actually, it was 9/11 that changed my life. PO just reinforced the changes I started after 9/11.

I figured that if there was a group of people that wanted to send ...
  Topic: The Economy and Crude Oil
MarkL

Replies: 5
Views: 767

PostForum: Economics & Finance   Posted: Tue Mar 25, 2008 8:22 pm   Subject: The Economy and Crude Oil
In depth analysis of short term and long term oil price trends by Frank Barbera over at Financial Sense

I've had this short term, short oil thing going for a few weeks now. Maybe a good move, may ...
 
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