Big Oil and the economy.

ALl the economic news of late is probably scaring the living daylights out of most reasonable Americans. But could it be that because Bush is so intent on keeping his oil buddies filthy rich,that suddenly things won't get so completely out of hand as predicted? I know, just wait.. Just a theory, but if a sudden depression era comes upon us- that means no jobs- no gas being bought to get to those jobs- BOOM! BIG DROP IN GAS SALES! That is SO not part of Big Oil's plan!!! The profits can NEVER plummet, because whatever real obligations BUSH/CHENEY, Inc. has, their real bosses are EXXON, ETC!! What I'm saying is that the Chimp will be in deep trouble with these guys if they don't hold up their end of the bargain, to keep people buying gas no matter what!!! This is just an angle I thought of, or maybe I am completely in denial. It's certainly easier to think of this, even if nonsense, than to ponder the facts that BushCo has pissed away trillions of dollars, to the demise of us all and the world and that we will all have to live in concentration camps, or tents in the near future!

and move into real estate, buying up all of the foreclosed properties, to offset their oil bidness losses.

:shrug:

could happen

What the hell, the prices are not only dropping within the market but our dollar can be had cheap too. Don't be too suprised if your next rent check goes to Paris.

goes up? I don't know of too many people who can simply stop driving. They are more likely to try to get a second job to keep paying.

I'm saying BIG OIL won't stand for a loss if suddenly everyone's out of work, therefore BUSH might be in trouble with them- so it makes me think there may be some safeguard written in there somewhere.

One thing about multi-national corps, they don't care what currency the profit come in as. In Alaska they tried to start a bill that would prevent the oil corps from selling over seas but they shot it down.

Back in the 70's the oil embargo was used to bring the growth of oil consumption in line with what was sustainable. With the rise of an industrial China things have once again gotten out of hand. We need time to develop alternatives to oil. Think in terms of an acceptable % of growth and logic dictates that we raise the price of oil to keep consumption on target.

http://edison.ncssm.edu/programs/colloquia/bartlett.ram

but that Bushco knows it full well and is shoveling shit against the tide to slow our descent into it....While "exact" figures are tough to find I think we can all accept that in the last month the US made guarantees backing worthless stocks and bonds to the tune of close to 1/2 a trillion dollars....the original plan was to ride it out until next January and then dump the entire fiasco in the laps of a new democratic administration and quietly shuffle off to no extradition estates in Paraguay with their stolen cash converted to euros and precious metals...
...Got that-the entire US indebtedness since the founding of the republic was near 6 trillion and last month they bought up to 10% more debt backed by worthless "derivatives" JUST TO HOLD THE CRASH OFF A FEW WEEKS....If we approach the geometric progression normally found in hyperinflation situations then the most likely outcome is that within six months the mint will once again begin printing fifty-thousand dollar bills again (though Salmon P Chase might more correctly be replaced by Ronald Reagan on the face) as an efficiency move to ease transactions at McDonalds...."Sir, would you like to supersize that for just $10,000 more???
The question you ask then,is why are they playing the game instead of just watching the crash while giggling under their breaths as they would like to??? Essentially because the next step after someone you love dies of hunger is the "Grapes of Wrath" deal where honest men simply don't give a fuck...they've been ridden hard and put up wet and then told the rider doesn't care....Think France under Louis XVI...The rest of the administration will be shucking and ducking 101...There are war crimes to hide and assets to ship.For the rest of us there IS a Bad Moon rising...just my .02 (pre-inflation)....

Edited to hedge my bet on the time frame....I hear hedging is a good thing.

along with scary being that is probably true and all. Sheesh!

BUT - the drop in price will not be as much as in the past because of the paltry value of the dollar. And over the long-term, like the next 5 years, it would take a global depression to prevent the supply imbalances that will cause continued price hikes. I don't think we're quite there, but we are close to peak oil or plateau oil - OPEC's inability to increase production at its recent meeting kind of tipped their hand on that one. They're exaggerating their production capacity.

think of it as market manipulation on a massive scale. If we go through a depression then real estate, businesses and banks can be snatched up very cheaply.