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Bernanke Signals Possible Rate Cut
Wall Street Journal ^ | 30 November 2007 | News staff

Posted on 11/29/2007 4:29:39 PM PST by shrinkermd

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To: biff
And where do you think the electricity comes from for the Volt? 60% of our electricity is generated by petroleum products. I think that number is correct.

Negative. Not even close. In fact it's practically nothing

Net generation (trillion kilowatthours) 4.05
Coal - 49%
Nuclear - 19%
Natural Gas - 20%
Hydro - 7%
Oil - 2%
Non-hydro Renewable - 2%

link

41 posted on 11/29/2007 6:44:22 PM PST by rb22982
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To: rb22982

My bad, I guess it was Texas that uses 60%. We can think the natural gas prices on the power generators.


42 posted on 11/29/2007 6:49:38 PM PST by biff
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To: biff

Only 89 million cubic feet of 2050 billion cubic feet per month comes from sources from outside the US/Canada. I’d much rather pay for natural gas than for oil.


43 posted on 11/29/2007 6:54:35 PM PST by rb22982
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To: rb22982

Make that 2050 million cubic feet.


44 posted on 11/29/2007 6:54:48 PM PST by rb22982
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To: biff
Link

In 2000, 46 percent of electricity in Texas came from natural gas-fired plants, 41 percent coal and lignite fired plants, and 13 percent from nuclear

That leaves less than 1% that even could be foreign oil.

45 posted on 11/29/2007 7:03:01 PM PST by rb22982
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To: Bishop_Malachi

You should have been around for ‘stagflation’ back in the 70s.


46 posted on 11/29/2007 7:19:03 PM PST by wildbill
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To: Rock&RollRepublican
but by doom and gloomers on CNBC,

That's the most fatuous and delusional point of view I've read in seven years on FR. CNBC is heavily biased to the Republican, pro-business, pro-Bushie side and only rarely allows dissenting points of view.

47 posted on 11/29/2007 7:23:10 PM PST by steve86 (Acerbic by nature, not nurtureā„¢)
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To: shrinkermd
More signs of potential deflation.

Deflation in 08 is a real possibility.

48 posted on 11/29/2007 7:28:14 PM PST by groanup (When companies fail they go out of business. When a gov't project fails it gets bigger. M.F.)
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To: AndyJackson
Yeah, he reduced the rates. His mistake was that he did not reduce the rates fast enough.
49 posted on 11/29/2007 7:29:31 PM PST by Brilliant
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To: wildbill

LOL. Luckily I was just a little tyke back then (I was born in 1970). My dad had to do all the worrying over finances back then...;)


50 posted on 11/29/2007 7:40:05 PM PST by Bishop_Malachi (Liberal Socialism - A philosophy which advocates spreading a low standard of living equally.)
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To: Brilliant
His mistake was that he did not reduce the rates fast enough.

Whahhh? That is a claim I have heard no one else ever make. What is your basis for believing that Greenspan should have reduced rates faster (in 2001)?

51 posted on 11/29/2007 7:43:45 PM PST by AndyJackson
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To: rb22982

That was 2000, they are building NG generation plants in Texas like crazy now. Enviros got coal and nukes shut down here.

PS - Do you not know the NG is a petroleum product??? The same people that sell you your gasoline also will sell you NG for your house and electricity. There is no getting away from the “all powerful” oil companies. The US is also importing quite a bit of NG now too.


52 posted on 11/29/2007 8:37:28 PM PST by biff
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To: Brilliant
The FDIC should have acted the minute they heard of interest only loans.

Nobody wanted Al Sharpton and his goon squad accusing them of racism for not extending such loans to unworthy borrowers.

53 posted on 11/29/2007 8:40:35 PM PST by Mr. Jeeves ("Wise men don't need to debate; men who need to debate are not wise." -- Tao Te Ching)
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To: rb22982
The oil is down 33% from it’s peak vs a basket of currencies. Oil is up 500%. You cannot claim that huge of an increase in oil is due to the weak dollar.

Actually, since most oil in the world, including oil from OPEC is priced and sold in dollars, a good amount of the price increase can be attributed to the weak dollar.

54 posted on 11/29/2007 8:52:48 PM PST by Moonman62 (The issue of whether cheap labor makes America great should have been settled by the Civil War.)
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To: AndyJackson

Like I said, he rode the market down. The main reason interest rates were falling had nothing to do with his policy. It had to do with the weakening economy.


55 posted on 11/30/2007 2:52:46 AM PST by Brilliant
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To: Rock&RollRepublican

Watch the pre-market numbers tomorrow morning. They’ll the put the controls on by noon.
If this was 1999, I would agree.
**********
It’s 5:55 A.M CST and the numbers look good. Everything’s up-— S&P 10.40, NASDAQ 19.00, Dow 86.00...and oil’s down 1.79.

We’ll see.


56 posted on 11/30/2007 3:59:14 AM PST by toddlintown (Five bullets and Lennon goes down. Yet not one hit Yoko. Discuss..)
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To: rb22982
The oil is down 33% from it’s peak vs a basket of currencies. Oil is up 500%. You cannot claim that huge of an increase in oil is due to the weak dollar.

Firstly, did you mean to say the "dollar" is down 33% vs a basket of currencies?

If so, you made my point, which is that crude oil prices are connected -- but independant from what US oil companies charge for a gallon of fuel in America.

The emerging market countries are buying oil contracts as fast as their little currencies can handle, thereby driving crude up.

Add in Iranian threats to shut the Straights of Hormuz, and people are stocking up on crude futures.

It's a good thing (no thanks to Democrats) that most large American oil companies have big reserves, capped wells, storage, etc.

57 posted on 11/30/2007 4:23:59 AM PST by Edit35
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To: Hurricane Andrew
Last I checked, the Fed wasn’t responsible for insuring the Dollar’s value in an open market. Historically, it’s been to exercise sound judgment in monetary policy with respect to the growth of money supply, inflation, and general economic conditions, in addition to it’s supervisory role over the US banking system in general. Somehow, I don’t recall the value of the Dollar vs. the Euro being part of the equation.

You say the Fed is concerned about inflation, yet is not concerned about the dollars value? Sorry but it just does not add up. Inflation lowers the buying power of the dollar, a dollar with less buying power has less value.

When a product is a dog, when it wont sell, the product is less valuable to the merchant and it is marked down and put on the clearance table in the back of the store. The product is discounted, the Fed is doing the same thing to the dollar when it keeps lowering the intrest rate.

Somehow I dont recall a smart merchant moving his best selling merchandise to the discount table.

58 posted on 11/30/2007 4:47:04 AM PST by Mark was here (Hard work never killed anyone, but why take the chance?)
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To: shrinkermd

The Fed should just do it now instead of “signaling” a cut. Cut 50 bp now. Why wait?


59 posted on 11/30/2007 4:52:35 AM PST by pleikumud
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To: Rock&RollRepublican

Sorry yes, the dollar is down 33% vs a basket of currencies. If oil going up was due to the dropping dollar, oil would only be around $30 a barrel, not $90.


60 posted on 11/30/2007 5:18:04 AM PST by rb22982
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