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Sour economy pushes down Northeast lobster prices
itemlive.com ^ | October 9, 2008 | David Liscio

Posted on 10/09/2008 2:38:49 PM PDT by GQuagmire

LYNN - A devastated national economy has sent Maine lobster prices spiraling downward as cash-strapped consumers cut back on seafood delicacies and fishermen wrestle with rising costs for bait and fuel.

With off-the-boat prices as low as $2.60 a pound this week, some lobstermen say they’re ready to pursue different careers. Some dealers bracing for the loss reportedly are suggesting the lobstermen set fewer traps, which would create artificial scarcity and likely push prices upward.

(Excerpt) Read more at itemlive.com ...


TOPICS: Business/Economy; News/Current Events; US: Maine; US: Massachusetts; US: New Hampshire
KEYWORDS: economy; lobster
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Guess what I'm having for dinner tonight.........
1 posted on 10/09/2008 2:38:49 PM PDT by GQuagmire
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To: GQuagmire

My family on Cape Cod bought lobster for fifty cents a pound last week, something that’s not uncommon back there.


2 posted on 10/09/2008 2:40:21 PM PDT by PeterFinn (Buraq HUSSEIN Obama. If the libs don't like his name then why support him?)
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To: GQuagmire

I’ve never had it but we don’t get too many from the great lakes.


3 posted on 10/09/2008 2:41:27 PM PDT by cripplecreek (Paying taxes for bank bailouts is apparently the patriotic thing to do. [/sarc])
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To: GQuagmire

$2.60 a lb for what is essentially a giant sea cockroach... Lord knows I wouldn’t pay that... I think thats unbelievable high price for what at the end of the day you are buying.


4 posted on 10/09/2008 2:44:58 PM PDT by HamiltonJay
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To: HamiltonJay

A very tasty giant sea cockroach nonetheless


5 posted on 10/09/2008 2:46:22 PM PDT by GQuagmire (Giggety,Giggety,Giggety)
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To: GQuagmire

Deflation at work.


6 posted on 10/09/2008 2:46:37 PM PDT by RobRoy (This is comical)
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To: GQuagmire

I’l be glad when the low prices get to Texas. I could eat lobster every night!


7 posted on 10/09/2008 2:47:12 PM PDT by Terry Mross
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To: HamiltonJay

If only land cockroaches tasted as good...


8 posted on 10/09/2008 2:47:12 PM PDT by RobRoy (This is comical)
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To: GQuagmire

> A very tasty giant sea cockroach nonetheless

LOL - Indeed.


9 posted on 10/09/2008 2:47:28 PM PDT by OneWingedShark (Q: Why am I here? A: To do Justly, to love mercy, and to walk humbly with my God.)
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To: GQuagmire

Is it time to sneak some money out of the food budget for a dinner at Red Lobster?


10 posted on 10/09/2008 2:48:54 PM PDT by jacquej
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To: GQuagmire
Good news for the lobsters, may they multiply and be happy.
11 posted on 10/09/2008 2:55:29 PM PDT by boomop1
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To: OneWingedShark
A very tasty giant sea cockroach nonetheless

It's the butter - stupid - it's the butter! /S

12 posted on 10/09/2008 2:58:20 PM PDT by Freeper (Remote Space is not that Remote. If you could drive your car straight up - it's only an hour away.)
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To: GQuagmire
MOAR! We want moar!!!!


13 posted on 10/09/2008 3:35:02 PM PDT by Daffynition
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To: GQuagmire
Some dealers bracing for the loss reportedly are suggesting the lobstermen set fewer traps, which would create artificial scarcity and likely push prices upward.

Taking a pageout of the Saudi's playbook hmmm? WHat shall we call it? LOBPEC?
14 posted on 10/09/2008 3:35:50 PM PDT by steel_resolve (We are living in the post-rational world where being a moron is an asset)
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To: GQuagmire

Great,maybe I can afford to buy some now! Love lobster.


15 posted on 10/09/2008 4:18:56 PM PDT by calex59
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To: GQuagmire
A very tasty giant sea cockroach nonetheless

Yep, lobster is great, but you have to admit, the first person to eat one either had a lot of guts or was starving to death!

16 posted on 10/09/2008 4:21:34 PM PDT by calex59
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To: RobRoy

“If only land cockroaches tasted as good...”

Ummm ... how do they taste?


17 posted on 10/09/2008 4:59:22 PM PDT by Cincinnatus.45-70 (Patriotism to DemocRats is like sunlight to Dracula.)
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To: Cincinnatus.45-70

>>Ummm ... how do they taste?<<

Like chicken!

C’mon. You asked for it! ;)


18 posted on 10/09/2008 5:18:04 PM PDT by RobRoy (This is comical)
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To: GQuagmire

Sarah and Todd Palin need to connect with the fishermen in ME 2nd District.


19 posted on 10/09/2008 5:26:08 PM PDT by cmj328
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To: cripplecreek

My FRiend, you don’t know what you’re missing.


20 posted on 10/09/2008 5:26:32 PM PDT by stevio (Crunchy Con - God, guns, guts, and organically grown crunchy nuts.)
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