Posted on 02/24/2015 9:21:38 AM PST by alexmark1917
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Gas prices have gone up 50 cents just the last week. I like lower prices.
Not much use to anyone, but right.
What is the status of the strategic oil reserve? Is it at capacity? Can we expand it’s capacity? Do any in the freeper community have insight to the question?
The strategic petroleum reserve’s facilities can hold 727mm barrels. It is currently at 95% capacity. The Department of Energy updates the inventory weekly.
I agree.
Expensive energy is only desired by progressives.
Or anyone invested in North Dakota and Texas.
If the current financial system wasn't built on extraordinary levels of malinvestment based on years of artificially low interest rates, then the simple action of supply and demand wouldn't threaten anyone.
However it is, and it does.
This can't be helped. In a world full of bubbles there is always a pin.
This time the pin might be reality coming to the oil market. Or reality coming to house-prices. Or mass-realization that the Fed are never, ever, ever going to meaningfully raise interest rates. Or < add your own pin here >.
But there's always a pin. And all it does is tell the truth.
Expensive everything makes it impossible for the “peasant class” to afford it.
The ruling class doesn’t care how much anything costs because they don’t personally pay for anything, the State buys everything for them.
Not much use to anyone, but right.
OP is a blog pimp for INVESTMENT WATCH BLOG ^ (which for some reason must always be in ALLCAPS). He won't even see this reply, as he doesn't ever, ever reply to anyone.
But all he needs is blog hits. Doesn't need to be useful to anyone but himself.
I suppose he deserves some credit for not excerpting his blog. But still, as you intimated, his blog is of no use to anyone (but maybe himself, and even that is questionable).
Yes but eventually oil will get more expensive as demand keeps rising because to keep up we must get oil in more expensive places.
The Arabs can only dump cheap oil on the market for so long. Even they are starting to drill in more expensive places like deep waters and such.
The realization that the public debt is the government selling you and your posterity into slavery because by income taxes (which are non-voluntary) it is guaranteed against the income of you and your posterity — therefore there is no motivation for the elites to bay it off, it is quite advantageous for them to write checke in your name and leave you holding the bag.
No econ here, but doesn’t cheaper anything make it difficult for the Keynesians?
Nasty uncontrolled supply and demand....
KYPD
Expensive everything makes it impossible for the ‘peasant class’ to afford it. The ruling class doesn’t care how much anything costs because they don’t personally pay for anything, the State buys everything for them.
Also the realization that when the government keeps selling bonds to pay interest on previous bonds they are in essence creating more and more money which makes money worth less and less.
Just keep your eye on the BDI. That is the only index you need to watch. It is waaaay down.
This is really bad news for the economy, because the price of oil is already at a catastrophically low level for the global financial system.
...
Low energy prices are always good for the American economy. For economies that depend more on selling commodities, it’s not so good.
Most of the world hasn’t even BEGUN to frack yet.
The energy future is bright!
And the very best part is as the USA becomes more self sufficient, the big customer of the mideast towelheads is going to be China.
That wonderful country with mafia business practices and 1.5 billion expendable people to enforce them.
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