Posted on 05/19/2009 6:00:41 AM PDT by pleikumud
Just checked the Nymex. guess what...oil and gas both still going up.
The gas prices are getting beyond ridiculous and outrageous.
Oil is still int the same trading range of slightly below 60, but Nymex gas keeps skyrocketing, and it is frankly pissing me off.
Speculators must be banned.
Anybody who says the oil market follows logic and fundamentals is crazy. It is pure speculation and manipulation.
I don’t see why local governments are handing out any permits to build new structures when the market is currently ...
Because, in this context, they have zero legal authority to tell any citizen what he can or cannot do with his own legally owned land
Regardless of the legal merit, local governments can and do impose significant limitations on what people can do with their "legally owned land" (which you don't own anyway, skip a property tax payment and you'll see). Zoning laws and building codes come to mind.
They’ll continue to tell us how great things are. :) And of course the Hussein worshiping media will repeat the lie.
Old hippies, dirt worshipers and pinkos.
Heh... :-)
You wrote:
Just checked the Nymex. guess what...oil and gas both still going up.
The gas prices are getting beyond ridiculous and outrageous.
Oil is still int the same trading range of slightly below 60, but Nymex gas keeps skyrocketing, and it is frankly pissing me off.
Speculators must be banned.
Anybody who says the oil market follows logic and fundamentals is crazy. It is pure speculation and manipulation.
True. And that means the oil market is NOT based on supply and demand as some Freepers like to say.
It is not a rational market and needs reigned in.
Steel production is way down. We are in for a lot more hurt.
Um, because we don't live in the economic hell of a centrally planned economy (yet), but with even FReepers asking questions like this we're well on our way.
Where am I? Bad day for the invisible hand on FReep.
Those numbers are just mind-blowing...
There are stalled building projects all over Seattle....it’s amazing.
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My wife and I own the place where we live debt free. For years we have talked about moving west either into the far western part of South Carolina or into Western North Carolina but mountain property had taken a big jump in price recently. I am wondering now if prices will fall to the point that we can buy that place in the hills and keep what we have. I don’t think we could possibly sell what we have for enough to be worth doing it. A house on a lot adjoining our property is supposed to be sold now with a closing date coming up on the 25th but it was on the market almost a year and is selling for little more than half what the owner originally expected to get. A nice 3 bed, 2 bath on a 2 acre lot adjoins our peoperty on the other side and it has just been foreclosed on and is back on the market.
The other side of the coin is will things get so bad we can’t afford to eat even if we do own our home debt free? I am very pessimistic about the future.
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