I will believe the Saudis don't see any upcoming problems with Ghawar when they cancel one of their projects due to low oil prices. If they continue to be full steam ahead with increasing their capacity then I think they are aware that Ghawar may not be as robust in 5 years time as they would like us to believe.
Some of the planners said the current situation isn't so bad, seen in perspective.
"I'm hearing all the doom and gloom, and I'm not really seeing it," Quan-Soon said. "I've been in the market for 30 years. I've worked on Wall Street for many years, I've seen bad times on Wall Street, and this does not compare with what I've seen in the past."
...
"If investors want to successfully navigate choppy markets like these without becoming seasick, they should focus on the horizon, not the waves," Szucs said.
"The market has really held up fairly well with the degree of news, the confluence of different things and the degree of it," said Barbara Steinmetz, a planner in San Mateo, California. "I don't think there's any more reason to panic now than before."
"I really think that more of the bad is behind us than is in front of us," she added.
My goodness; It's all Sunshine and Lollipops, isn't it?
Posted: Sat Jul 19, 2008 9:06 am Post subject: Re: CNN news item: Stock market investors unconcerned
I'm glad they are unruffled. I am not done prepping yet. I need this entire house of cards to remains stacked for another 6 months. My current fear is production shortages because of credit crisis. _________________ ree rah rip ram. sunofabitch godamn. hidey didey christ almighty. rah rah crap
Joined: Jul 04, 2007 Posts: 2214 Location: The U.S.S.A
Posted: Sat Jul 19, 2008 9:11 am Post subject: Re: CNN news item: Stock market investors unconcerned
No, Somehow they are going to keep crap going along for another 10 to 20 years before a crash. The will wait till I am old and senile before tshtf. The economy will just slowly become shittier and shittier and our lives will become more depressing.
Posted: Sat Jul 19, 2008 7:27 pm Post subject: Re: CNN news item: Stock market investors unconcerned
pstarr wrote:
I'm glad they are unruffled. I am not done prepping yet. I need this entire house of cards to remains stacked for another 6 months. My current fear is production shortages because of credit crisis.
+1 buy me some more time _________________ Tired of high gas prices? Then stop driving to work, duh..... Learn to Work from home
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ree rah rip ram. sunofabitch godamn. hidey didey christ almighty. rah rah crap 
Then stop driving to work, duh..... 
