World food prices are super high as more and more is converted into fuel. This grain drain is hitting the poor. Many people see biofuels as a way out of the current dependence on foreign oil, but making fuel out of food causes the world poor to starve.
The government is investigating manipulation of oil prices. Some say it is all supply and demand, but I feel that we are being taken to the cleaners. Today gasoline at sunoco was $3.92/gallon and it is heading closer to that magical $4/gal for gas as summer driving increases.
Some say that $130/b oil is a bubble, but I feel that soon we shall see oil hit 200 and keep going. Perhaps this will be much sooner than you think as the world situation gets worse by the minute.
Citing market manipulation of oil prices, the government want to launch an investigation to uncover how the cost of fuel is being determined. It is possible that speculators have bid up the price of petroleum, but I feel that peak oil is here.
Most people are not aware of how bad things are, future oil prices will soar due to a decrease in supply and an increase in demand as nations like India and China move away from the bicycle economy to an automobile economy. The transition from bike to car means a lot more demand for gasoline.
Promising green technology such as lithium battery makes it possible to create electric cars with a 50 mile range. That is enough for over 90% of commuters. We need to move away from gasoline and diesel to renewable forms of energy. A combination of hydro, solar, and wind could power the future.
A new push to convert coal to fuel in the clean coal initiative.
Talking Energy Politics, Pt. 2
If your gas bill is a bit high, here are some tips.
Cook large quantities and keep excess in refrigerator.
Use hot water rather than cold in making a soup.
Eat smaller portions.
It also helps to use a small stove and oven unit as these are less expensive and use less fuel. Both food and fuel have gone up in price, but we can try to be frugal and not waste either one.
Hillary Rodham Clinton spoke about why she needs to stay in the race. Scary thing is that she may get her wish of becoming the next president. God help us all.
Will it land or crash? That is the question. NASA has its hopes up with the Phoenix Mars Lander betting on a safe journey to the red planet. Still, we wonder if the landing will be safe as in previous attempts disaster struck.
A new electric car promises to change the future. The Nissan Pivo looks like the future. It will be released in 2010.
It seems that every day oil sets a new record. Today oil rose over $135/barrel topping yesterday's $133/b and on its way to over $200/b. This is very bad new for any economic view. Even the most sanguine investors know this is destroying the purchasing power of consumers.
Some say speculative fever is turning the oil pit into a feeding frenzy, but oil smashed $135 on supply shortages. In order words we are running out of oil. The move to convert corn to ethanol has sent food prices soaring, Food to fuel is a fuelish idea, soon we will have little of either. I predict massive shortages in the future of both food & fuel.
Oil today hit $133/barrel an all time high. The pain at the pump is becoming unbearable. Oil exec are blamed for the record high prices. People wants prices to come down, but soaring demand will cause a rise in energy prices.
The move to alternative energy is now taking place. In the future we will use electric cars. Fusion will generate much of the electricity, and also solar and wind power.
A severe drought in Ethiopia puts the lives of seven million children at risk. The rains failed so the crops failed, and now their is no food for hungry children. Converting food into fuel, like soy into biodiesel and corn into ethanol means less food is available for humans.
Nissan has a new prototype it is working on. The nissan cube is an electric car for the US that will use lithium batteries as an alternative to expensive gasoline transportation.
Well, now some people are saying that where are we going to get all that electricity. I believe the answer is wind farms. Wind power and electric cars are the future.
Glaxo, eurozones biggest pharma has a bird flu vaccine ready for human use. This is great news. The prepandemic cure is now available in all of europe.
In fact, now we can defend ourselves from the deadly H5N1 virus. An influenza pandemic could kill millions worldwide. In 1919 it is estimated the over 100 milion p;eople died, more than WWI.
Experts are worried that the H5N1 bird flu might mutate into a hypervirulent strain capable of spreading thru human to human contact. Thus we need the vaccine to be ready before the virus mutates.
What if gasoline went to ten dollars a gallon? Think that is impossible, well over in Europe it is almost that high ight now. I predict a lot more microcars and scooters on the street as gasoline shoots up in price.
I predict that Obama will lose Kentucky. His campaign is falling apart. He thought he was prez already and let down his guard. Pride cometh before a fall. BTW, his attack on Bush backfire. Clinton wins another one.
Fusionman flies over the Alps with a jetpack on his back, a jet powered wing made of kevlar. He can soar at 120mph and be all the rage of europe. This swiss flier is the next wave in single person aircraft. The future is here and it is going to be fun.
A major win in WV by Clinton helps turn the tide in her favor. Well, now we are seeing that the race is not over. Clinton is back!
The largest race in the world is a magnet for terror types. The government is trying to calm people down, but Indy 500 is now a target for terror.
Google is launching a new product into the social networking area called friend connect. and it will compete with myspace and facebook. This is exciting news as we might see a whole new world emerging on the web.
The future is now!
American Insurance Group, world largest insurance company, had a huge loss of 7.8 billion dollars this quarter. It sent the financial world into a tail spin. This news sent the DOW tumbing down. Well, seems like we are in a recession with AIG reporting its record loss of 7.8 billion dollars, it greatest quarterly loss in history and also its second straight quarterly loss. AIG is now short on cash.
The one two punch of mortgage meltdown and surging energy prices have destroyed the economy. People have less money to buy things and banks refuse to lend them any. In other news FEDEX is reeling from high avaition fuel prices and is also declaring a loss. The rise in gasoline prices is creating inflation. I predict massives losses in the stock market as high fuel prices causes customers to rein in spending.
Crude oil rallies to a record high over $126 per barrel and the speculators see $150/b in sight. The talk is of an oil bubble much like the housing bubble of 2005. It is estimated that the prices is way above demand.
Let's time travel back ten years ago (1998) crude oil was only $12/barrel and gasoline was selling under $1/gallon. Clinton was president back then, now Bush a Texas oil man is president and now oil is over 120 "ten times as much" and gas is almost $4/gal. Exxon has record profits of over 60 billion. The decline in the US dollar has also helped to make gas more expensive. As John Titor said - get a bicycle.
Future price of gasoline will be $5/gal soon at this rate. We are seeing a sea change in politics as Obama laughs at the gas tax holiday, while Clinton and McCain support relief for the poor.
One debunker says that peak oil is a hoax and that we will soon see $2/gal gas when the oil bubble bursts. According to him we are swimming in oil and speculators drove up oil prices much like they did we real estate.
Well, my prediction is that short term you may see a drop in oil prices, the long term outlook is up. Production of oil is down and demand is up.
High oil prices have hurt the economy hitting casinos hard. With gasoline at over $4/gallon in some places many people are not driving to the casino. They are using their money to buy needed food & fuel which is sky high.
As prices for food & fuel go up we will see fewer people at the car tables and slots, but what is the future of casinos?
I predict that people will be less interested in money and more psychic than now so it will be impossible to play games of chance.
One of the worst disasters in history, a cyclone hit Myanmar(burma) and has destroyed most of the country. The military dictatorship is tottering. Most homes are without roofs and cities without power.
Debunkers may wonder why John Titor did not mention this terrible event. He stayed away from weather forecasts. I on the other hand predicted that global warming would cause superstorm that would kill millions.
In the 21st century few of us would believe that pirate ships still exist, that those colorful characters with their parrots and peg legs are still a part of our reality. That pirates the stuff of fantasy are real. Well, they are. A group of Somali Pirates captured a Danish captain and his crew. It seems that the US is still having to deal with pirates on the high seas.
The more things change, the more they remain the same.
Remenber deadmail and deadsearch, well, now deadhoo. It seems that the microsoft yahoo deal is over. Jerry Yang is celebrating. Ballmer is angy.
According to YAHOO they will partner with GOOGLE and leave the Redmond giant behind. Perchance we shall se a new player emerge in the future.
Debunkers claim that global warming is junk science. They refute the melting polar icecaps as a natural phenomena and claim humans cannot alter the global climate. However global warming ia real much like peak oil is real.
Ignoring a problem does not make it go away.
Finally, gasoline prices are falling. The drop in demand is causing a drop in price. Today is a great day. The prices are dropping.
"President Bush is the most unpopular president in modern American history." says CNN. He is now a historical figure. Well, now we see that more people disapprove of President Bush than any other president in history. Not quite the way he wished to be remembered, I am sure!
The next president, Hillary, will be worse, if that is possible.
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