Gas prices 'may spark recession' (BBC News)

(These high "Natural Gas" make so angry, because of all the years of the NG Industry advertising how Cheap it is compared to electricity, and now that almost everyone is using it and they are even using it to generate electricity, NOW it get expensive as hell!)
Saturday, 26 November 2005, 17:31 GMT

Gas prices 'may spark recession'

A Qatar firm that is to supply a fifth of Britain's future gas warns high prices could spark a global recession.

Gas prices are at record levels with global demand for energy boosted by economic growth in China and India. Faisal al-Suwaidi, head of Qatargas, warned the high prices could spark a recession in the developed world.

Qatargas is to supply up to 20% of Britain's gas starting in 2007 at the earliest, with the fuel arriving in liquid form. The imports will come through a new terminal at Milford Haven.

Mr Al-Suwaidi said the high global prices would affect supplying nations as well as the consuming countries.

<http://news.bbc.co.uk/2/hi/business/4474270.stm>
(more info at link above)

In 06 the revenue collected by the Government will be at an all time low. The chickens are coming home folks.

Three indicators:

No indication of further rate hikes.

Increase in gold prices.

No government reporting of M3 after March 2006.

"...No government reporting of M3 after March 2006."

of money in circulation

just a thought...

Peace

famous 1-2% that own everything? The same 1-2% that get all the tax breaks?

Will this help or hurt the B*** "haves?"