Archive for November 25th, 2007

Quote of the Day

Nov 25, 2007 in Uncategorized

From our favorite commenter who ventures over here from the misnamed Common Sense Political Thought, Dana Pico:

You’d be correct to assume that I voted for George Bush, twice. Were he constitutionally able to run again, I’d vote for him again.

I think most people would find that a little bit funny and a little bit scary.

-jb

Oil isn’t shocking the system, it is the system.

Nov 25, 2007 in Peak Oil

And the wild ride has barely begun:

Since January, the price of a barrel of oil has almost doubled and is now approaching $100. Blame tensions in the Middle East, speculators on a quest for profit and the hunger for energy of rising powers, including India and China.

The ripples from this price surge are washing up on every shore. It’s creating new wealth in such locales as Moscow, where oil barons are almost at a loss about how to spend their riches. But the effects in some other places are less predictable. Israelis fear a rush of people will chop down trees to heat their homes. Farmers in northern Iraq are abandoning their fields to sell gas. Fishermen in France, stung by the price of diesel, have rioted.

-jb

p.s. Thanks to those who have been patient while my body mends and my mind is a mush of painkillers. One week recovery time, ha! Takin’ her easy (for all you sinners) next week too…

Mo’ money, mo’ problems.

Nov 25, 2007 in Uncategorized

Receipts were up on Black Friday. Though not as much as compared to previous years, the increase was enough for retailers to breath a little sigh of relief. It looks like those credit cards aren’t completely maxed out just yet though high rotating balances are forcing more and more Iowans to seek help at consumer credit counseling agencies (which, contrary to what is claimed, are owned and operated by large creditors).

-mg