Tuesday, July 22, 2008
Hurricane Dancing Fails; Energy Slides To New Lows
The only remaining hope is WAR. Perhaps the State Department should try to curtail foreign travel of those with large energy interests for a few months.
Seriously, I see better-than-even odds of war with Iran within the next four years -- including decent odds of nuclear first use (possibly initial-opening First Strike) by Iran.
Rob, you got it in one. I still want to know how much oil is supposed to sell at $200? Did anyone bother to try to figure that out?
SoCal Edison is pursuing up to 30% increases in rates. This from the usurious 14¢ they already overcharge.
I wouldn't think any of the utility companies are going to do that well.
"OIL FUTURES! OIL! OIL! OIL! OIL! OIL!"
Somebody said that the best investments in a depression are Tobacco, Alcohol, and Campbells' Soup...
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