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Post by avordvet on Dec 1, 2014 17:06:41 GMT -5
Guess What Happened The Last Time The Price Of Oil Crashed Like This?…By Michael Snyder, on November 30th, 2014 If you have been waiting for the next major financial collapse, what you have just read in this article indicates that it is now closer than it has ever been. Over the coming weeks, keep your eye on the price of oil, keep your eye on the junk bond market and keep your eye on the big banks. Trouble is brewing, and nobody is quite sure exactly what comes next. theeconomiccollapseblog.com/archives/guess-happened-last-time-price-oil-crashed-likeThe Oil Price Decline - In PicturesSubmitted by Tyler Durden on 12/01/2014 14:05 -0500 In either case, the decline in oil prices is a clear message that "something is awry" globally and investors should take heed that risks of a market decline have risen markedly. While I am not saying that the economy is about to slide off into a recession, previous declines in oil prices of the current magnitude have been associated with poor outcomes for investors. Caution is advised. www.zerohedge.com/news/2014-12-01/oil-price-decline-picturesOil Ushers in the Depression, by Robert Gore SSL, Posted on December 1, 2014 The future is now. The carnage in the oil sector, where a glut has knocked over a third off its price in less than five months, is not an aberration, but a harbinger—the shape of things to come across sectors and around the world. It kicks off the depression, or more accurately, the resumption of the depression that started in either 2000 or 2007 (let the statisticians quibble about that determination). straightlinelogic.com/2014/12/01/oil-ushers-in-the-depression-by-robert-gore/
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Post by Michael Downing on Dec 2, 2014 7:44:45 GMT -5
While most consumers are focused on the fact that cheaper gas prices are a good thing for their weekly budget few are looking at the long term consequences that cheap oil prices may have. What was the motivation of OPEC to keep production up in spite of ultra low oil prices? Could be they are hoping to shut down or at least slow down US and Canadian production of shale oil which can't be produced at a profit at current prices. There is also a continued effect on Russia and Iran and ISIS who depend oil profits. In any case keep an eye on this one...
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Post by Michael Downing on Dec 3, 2014 17:57:53 GMT -5
ncrenegade.com/editorial/everything-else-is-a-diversion/Everything Else Is a Diversion As usual, we are given crisis after crisis to divert our attention from what we really need to follow. While Ferguson, the $18 trillion national debt and poor Christmas sales occupy our news cycle, the reality of falling oil (and other commodities) should have our complete focus. Most people believe the falling price of oil is a Christmas present. But for Russia and Iran, it means the distinct possibility of economic collapse. Their only option is war. The price of oil also signifies the complete demise of US shale oil production. No one can operate at a loss and our “energy independence” has become a pipe dream. David DeGerolamo Falling Oil Prices Could Cripple ‘Vulnerable’ Russia, Trigger World War III The Cold War 2.0 is going hot, and while it may someday be fought with planes, tanks, guns and bombs, the first front is being fought with oil and shale gas. The U.S. and European sanctions against Russia will become more severe and crippling in the face of drastically falling oil prices – prices which are falling drastically because of the unprecedented boom of shale gas fracking both domestically in the U.S. and abroad in Ukraine and other locales. The oil & gas giants like Chevron and Exxon Mobil have created revolutionary conditions with now direct consequences on U.S. foreign policy and global war for dominance.
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Post by Michael Downing on Dec 3, 2014 21:42:00 GMT -5
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Post by avordvet on Dec 4, 2014 4:57:49 GMT -5
In any case, if you have not been storing some fuel, time to get a few barrels filled.
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Post by watchful on Dec 5, 2014 8:52:43 GMT -5
Support your local Militia! If none in town start one!
There are over 100 websites online that show you how to convert your car to run on Hydrogen. If you ask a Navy diver they will tell you that Hydrogen will burn under water.
It can be separated from water with 12vdc in sufficient qty to run a car. With special electronics circuits it will produce up to about 14 pounds of pressure.
Look into a real free fuel!
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Post by avordvet on Dec 12, 2014 14:36:14 GMT -5
Plunging oil prices may trigger unrestBy Mark Thompson, December 12, 2014: 6:35 AM ET Low oil prices are a double-edged swordLONDON (CNNMoney) A global glut of oil will persist next year, putting further pressure on prices and raising the risk of unrest in some producing countries. That's the stark warning from the Paris-based International Energy Agency, which on Friday cut its forecast for global demand growth in 2015. It now sees demand growing by less than 1% next year. money.cnn.com/2014/12/12/investing/oil-prices-iea-unrest/index.html?iid=HP_LN
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Post by avordvet on Dec 30, 2014 10:55:02 GMT -5
The American People Are Utterly Clueless About What Is Going To Happen As We Enter 2015By Michael Snyder, on December 29th, 2014 Sadly, what we are experiencing right now is so similar to what we witnessed in 2007 and early 2008. The stock market had been on a great run, people were flipping houses like crazy and most people were convinced that the party would never end. But then it did end – very painfully. The signs of trouble were there, but most people chose to ignore them. Sadly, the exact same thing is happening again. theeconomiccollapseblog.com/archives/american-people-utterly-clueless-going-happen-enter-2015
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Post by avordvet on Jan 6, 2015 6:10:24 GMT -5
Oil Falls Below 50 As Global Financial Markets Begin To UnravelBy Michael Snyder, on January 5th, 2015 On Monday, the price of oil fell below $50 for the first time since April 2009, and the Dow dropped 331 points. Meanwhile, the stock market declines over in Europe were even larger on a percentage basis, and the euro sank to a fresh nine year low on concerns that the anti-austerity Syriza party will be victorious in the upcoming election in Greece. These are precisely the kinds of things that we would expect to see happen if a global financial crash was coming in 2015. Just prior to the financial crisis of 2008, the price of oil collapsed, prices for industrial commodities got crushed and the U.S. dollar soared relative to other currencies. All of those things are happening again. And yet somehow many analysts are still convinced that things will be different this time. And I agree that things will indeed be “different” this time. When this crisis fully erupts, it will make 2008 look like a Sunday picnic. theeconomiccollapseblog.com/archives/oil-falls-50-global-financial-markets-begin-unravel
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Post by avordvet on Jan 13, 2015 14:52:03 GMT -5
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Post by avordvet on Jan 20, 2015 6:15:56 GMT -5
Regular down to 1.98 and falling every few days, it's around 1.72 in AL
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Post by avordvet on Jan 23, 2015 14:14:14 GMT -5
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Post by Michael Downing on Jan 23, 2015 20:43:55 GMT -5
Yeah the company my son in-law works for that drilled and tended wells in W VA and PA is at the point of closing their doors with even the so called big wigs' jobs on the hook. He took the job because of the very high pay and signing bonus but low oil prices took more air out of that job opportunity than the Patriots took out of their first half footballs...
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Post by brocktownsend on Jan 23, 2015 21:07:34 GMT -5
Guess he might be coming back looking for a job he should never have left.
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Post by Michael Downing on Jan 23, 2015 22:16:02 GMT -5
Hmmm... Sometimes you just can't go back again.
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Post by brocktownsend on Jan 23, 2015 23:16:47 GMT -5
Yes, don't burn your bridges..........
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Post by Michael Downing on Jan 28, 2015 21:47:49 GMT -5
theeconomiccollapseblog.com/archives/damage-economy-caused-oil-crash-going-get-progressively-worseWhy The Damage To The Economy Caused By The Oil Crash Is Going To Get Progressively Worse We are really starting to see the price of oil weigh very heavily on the economy and on the stock market. On Tuesday, the Dow was down 291 points, and the primary reason for the decline was disappointing corporate sales numbers. For example, heavy equipment manufacturer Caterpillar is blaming the “dramatic decline in the price of oil” for much lower than anticipated sales during the fourth quarter of 2014. Even though Caterpillar is not an “energy company”, the price of oil is critical to their success. And the same could be said about thousands of other companies. That is why I have repeatedly stated that anyone who believes that collapsing oil prices are good for the U.S. economy is crazy. The key to how much damage this oil collapse is going to do to our economy is not how low prices ultimately go. Rather, the key is how long they stay at these low levels. If the price of oil went back to $80 a barrel next week, the damage would be fairly minimal. But if the price of oil stays at this current level for the remainder of 2015, the damage will be absolutely catastrophic. Just think of the price of oil like a hot iron. If you touch it for just a fraction of a second, it won’t do too much damage. But if you press it against your skin for an hour, you will be severely damaged for the rest of your life at the very least. So the damage that we are witnessing right now is just the very beginning unless the price of oil goes back up substantially. When the price of oil first started crashing, most analysts focused on the impact that it would have on energy companies. And without a doubt, quite a few of them are likely to be wiped out if things don’t change soon. But of even greater importance is the ripple effects that the price of oil will have throughout our entire economy. The oil price crash is not that many months old at this point, and yet big companies are already blaming it for causing significant problems. The following is how Caterpillar explained their disappointing sales numbers on Tuesday… “The recent dramatic decline in the price of oil is the most significant reason for the year-over-year decline in our sales and revenues outlook. Current oil prices are a significant headwind for Energy & Transportation and negative for our construction business in the oil producing regions of the world. In addition, with lower prices for copper, coal and iron ore, we’ve reduced our expectations for sales of mining equipment. We’ve also lowered our expectations for construction equipment sales in China. While our market position in China has improved, 2015 expectations for the construction industry in China are lower
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Post by avordvet on Jan 30, 2015 6:02:12 GMT -5
Birth Pangs Of The Coming Great DepressionBy Michael Snyder, on January 29th, 2015 The signs of the times are everywhere – all you have to do is open up your eyes and look at them. When a pregnant woman first goes into labor, the birth pangs are usually fairly moderate and are not that close together. But as the time for delivery approaches, they become much more frequent and much more intense. Economically, what we are experiencing right now are birth pangs of the coming Great Depression. As we get closer to the crisis that is looming on the horizon, they will become even more powerful. This week, we learned that the Baltic Dry Index has fallen to the lowest level that we have seen in 29 years. The Baltic Dry Index also crashed during the financial collapse of 2008, but right now it is already lower than it was at any point during the last financial crisis. In addition, “Dr. Copper” and other industrial commodities continue to plunge. This almost always happens before we enter an economic downturn. Meanwhile, as I mentioned the other day, orders for durable goods are declining. This is also a traditional indicator that a recession is approaching. The warning signs are there – we just have to be open to what they are telling us. And of course there are so many more parallels between past economic downturns and what is happening right now. theeconomiccollapseblog.com/archives/birth-pangs-coming-great-depression
From the embedded link...
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Post by avordvet on Feb 2, 2015 15:37:43 GMT -5
Hopefully the 'savings' are going into preps for the upcoming festivities... Americans are failing to pump gas-price savings back into the economyBy Robin Sidel and Nick Timiraos, Published: Jan 31, 2015 10:55 a.m. ET Americans are taking the money they are saving at the gas pump and socking it away, a sign of consumers’ persistent caution even when presented with an unexpected windfall. This newfound commitment to frugality was illustrated this past week when the nation’s biggest payment-card companies said they aren’t seeing evidence consumers are putting their gasoline savings toward discretionary items like travel, home renovations and electronics. www.marketwatch.com/story/americans-are-failing-to-pump-gas-price-savings-back-into-the-economy-2015-01-31?dist=lbeforebell
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Post by avordvet on Feb 9, 2015 5:28:16 GMT -5
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Post by avordvet on Feb 11, 2015 5:52:20 GMT -5
Guess What Happened The Last Time The U.S. Dollar Skyrocketed In Value Like This?…By Michael Snyder, on February 10th, 2015 Question Ball - Public DomainOver the past decade, there has been only one other time when the value of the U.S. dollar has increased by so much in such a short period of time. That was in mid-2008 – just before the greatest financial crash since the Great Depression. A surging U.S. dollar also greatly contributed to the Latin American debt crisis of the early 1980s and the Asian financial crisis of 1997. Today, the globe is more interconnected than ever. Most global trade is conducted in U.S. dollars, and much of the borrowing done by emerging markets all over the planet is denominated in U.S. dollars. When the U.S. dollar goes up dramatically, this can put a tremendous amount of financial stress on economies all around the world. It also has the potential to greatly threaten the stability of the 65 trillion dollars in derivatives that are directly tied to the value of the U.S. dollar. The global financial system is more vulnerable to currency movements than ever before, and history tells us that when the U.S. dollar soars the global economy tends to experience a contraction. So the fact that the U.S. dollar has been skyrocketing lately is a very, very bad sign. Most of the people that write about the coming economic collapse love to talk about the coming collapse of the U.S. dollar as well. But in the initial deflationary stage of the coming financial crisis, we are likely to see the U.S. dollar actually strengthen considerably. theeconomiccollapseblog.com/archives/guess-happened-last-time-u-s-dollar-skyrocketed-value-like
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Post by avordvet on Feb 20, 2015 5:55:20 GMT -5
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Post by avordvet on Mar 27, 2015 11:37:52 GMT -5
Gasoline use at lowest rate in three decadesMarch 25, 2015 Average fuel consumption by American drivers is at its lowest level in at least 30 years, says a University of Michigan researcher. In a follow-up to a series of reports released over the past two years, Michael Sivak of the U-M Transportation Research Institute examined recent trends in fuel consumption by cars, pickup trucks, SUVs and vans in the U.S. fleet from 1984 to 2013. www.umtri.umich.edu/what-were-doing/news/gasoline-use-lowest-rate-three-decades
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Post by avordvet on Apr 2, 2015 4:22:08 GMT -5
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Post by avordvet on Jul 27, 2015 5:28:05 GMT -5
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Post by avordvet on Aug 12, 2015 16:05:44 GMT -5
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