Don’t worry, just a little bump - $70 is just around the corner. Short traders just keep making those margin calls, mortgage the house if you have to. Fortunes await you! PO is for pansies and doomers. At $70 short some more ..... it is going back to $22 .... the world is awash with oil ........ reality has nothing to do with it, its all in those charts!!!!!!!!!!
Joined: Nov 27, 2004 Posts: 174 Location: Federal City, USA
Posted: Tue Jul 15, 2008 7:33 am Post subject: Bush to speak on energy, economy - 7-15-08
Bush is holding a news conference at 10:20 EST today, 7-15-08, on the state of the energy situation and the economy. Then he's going to be taking questions.
I CAN'T WAIT to hear what he says. _________________ Business as usual is about to get unusual.
Joined: Sep 16, 2004 Posts: 4248 Location: Southwest WI
Posted: Tue Jul 15, 2008 7:46 am Post subject: Re: Bush to speak on energy, economy - 7-15-08
I wonder if he's finally going to tell us about Peak Oil and the consequences we face if we don't all start driving scooters, riding bicycles and turning our lawns in to corn fields? _________________ "Oil is going up because we use too much oil, and the capacity to replace reserves is dwindling"
-President Bush 11/07/07
Joined: Sep 03, 2007 Posts: 597 Location: Sunny Virginia, USA
Posted: Tue Jul 15, 2008 7:47 am Post subject: Re: Bush to speak on energy, economy - 7-15-08
If he was too honest to lie (like Jimmy Carter) then I'd be very interested. As it is, I'm likely to believe something closer to the opposite of what he says.
My prediction: We need to drill more. Quit spending so much. Congress is stupid. Vote republican. Less skin on HBO. _________________ When somebody makes a statement you don't understand, don't tell him he's crazy. Ask him what he means. -- Otto Harkaman, Space Viking
Joined: Dec 07, 2005 Posts: 1719 Location: Australia
Posted: Tue Jul 15, 2008 7:48 am Post subject: Re: Bush to speak on energy, economy - 7-15-08
Gold up $10 DJ currently 100points down. Market is anticipating something good
What are the bets?
Open up emergency reserves?
Introduce us to Amero?
Confiscate all food as it is needed for fuel?
Make Mandarin mandatory second language?
Personally I am expecting some fine ol' Texas Long Horn Bullsh... _________________ Lets take a ride, and run with the dogs tonight
In suburbia
You cant hide, run with the dogs tonight
In suburbia
- Pet Shop Boys
Posted: Tue Jul 15, 2008 7:49 am Post subject: Re: Bush to speak on energy, economy - 7-15-08
Here it is, an hour before the press conference ( I am clairvoyant).
a. The economy is not in recession, but growth is too slow.
b. You do not have anything to fear from these bank collapses. Freddie Mac and Fannie Mae will be propped up. The FDIC insured accounts in Indy mac will be honored. We will just add a little more to the deficit.
c. We support a strong dollar. The current trading situation vs. the Euro is just temporary.
d. We're sorry energy prices are too high. If you would just let us drill on the outer continental shelf, everything would be fine.
e. Most of these problems are the fault of the Democratic congress.
f. We will continue our fight against terrorism.
Joined: Apr 12, 2007 Posts: 1162 Location: Central NC
Posted: Tue Jul 15, 2008 7:53 am Post subject: Re: Bush to speak on energy, economy - 7-15-08
pup55 wrote:
Here it is, an hour before the press conference ( I am clairvoyant).
a. The economy is not in recession, but growth is too slow.
b. You do not have anything to fear from these bank collapses. Freddie Mac and Fannie Mae will be propped up. The FDIC insured accounts in Indy mac will be honored. We will just add a little more to the deficit.
c. We support a strong dollar. The current trading situation vs. the Euro is just temporary.
d. We're sorry energy prices are too high. If you would just let us drill on the outer continental shelf, everything would be fine.
e. Most of these problems are the fault of the Democratic congress.
f. We will continue our fight against terrorism.
That's about 10 minutes' worth.
Plus "humans can live in harmony with fish". _________________ "The era of procrastination, of half-measures, of soothing and baffling expedients, of delays, is coming to a close. In its place we are entering a period of consequences…"
Sir Winston Churchill
Joined: Dec 07, 2005 Posts: 1719 Location: Australia
Posted: Tue Jul 15, 2008 8:12 am Post subject: Re: Bush to speak on energy, economy - 7-15-08
Don't think so PUP.
Breaking news on Reuters;
Quote:
Bernanke: Many financial markets and institutions remain under considerable stress, Fed expects below-trend growth for remainder of 2008, gradual pick-up over next 2 years 10:02am EDT
Well....they tried their gradual pickup ending as expected.
But "considerable stress" sound fairly serious for being Bernanke
EDITED AGAIN:
Anyone care to give a realtime update on what Bush is saying?
Don't think I can stay up much longer to check news. Got to work tomorrow.
FINAL EDIT:
Seems like people are either fixated by their media broadcasting receivers or in the basement counting cans of food and ammo.
It is time for me to sleep and perhaps to dream of bailouts past, present and to come. I bid you good night. _________________ Lets take a ride, and run with the dogs tonight
In suburbia
You cant hide, run with the dogs tonight
In suburbia
- Pet Shop Boys
Last edited by Micki on Tue Jul 15, 2008 8:40 am; edited 1 time in total
Joined: Sep 14, 2004 Posts: 6089 Location: Rural Virginia
Posted: Tue Jul 15, 2008 8:37 am Post subject: Re: Bush to speak on energy, economy - 7-15-08
If the market is smart it will pay no attention to what he says and note only the fact that he felt compelled to say it. _________________ "Actually, humans died out long ago."
---Abused, abandoned hunting dog
"Things have entered a stage where the only change that is possible is for things to get worse."
---Me and my brother
Posted: Tue Jul 15, 2008 8:47 am Post subject: Re: Bush to speak on energy, economy - 7-15-08
By these numbers, we can assume that the market is smart and is not paying any attention to the rah-rah's. _________________ Live simply, love generously, care deeply, and speak kindly.
Life isn't about waiting for the storm to pass;
It's about learning how to dance in the rain.
Joined: Sep 16, 2004 Posts: 4248 Location: Southwest WI
Posted: Tue Jul 15, 2008 8:55 am Post subject: Re: Bush to speak on energy, economy - 7-15-08
Bush says he's a big believer in nuclear power. _________________ "Oil is going up because we use too much oil, and the capacity to replace reserves is dwindling"
-President Bush 11/07/07
Joined: Sep 16, 2004 Posts: 4248 Location: Southwest WI
Posted: Tue Jul 15, 2008 8:56 am Post subject: Re: Bush to speak on energy, economy - 7-15-08
Bush says banking system is "BASICALLY" sound. _________________ "Oil is going up because we use too much oil, and the capacity to replace reserves is dwindling"
-President Bush 11/07/07
Posted: Tue Jul 15, 2008 9:03 am Post subject: Re: Bush to speak on energy, economy - 7-15-08
He actually did say that demand is up where supply is not. He hasn't used the word "peak" yet though. _________________ Live simply, love generously, care deeply, and speak kindly.
Life isn't about waiting for the storm to pass;
It's about learning how to dance in the rain.
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