dagblog - Comments for "Perspective"

The fall in oil is making

trkingmomoe — Mon, 01 Dec 2014 14:06:20 +0000

In reply to Hi Momoe!

The fall in oil is making fracking too expensive to do. It costs more then $68 a barrel to extract by using fracking. You are going to see a lot of fracking wells capped. The Saudi King is not a fan of fracking so he would like it to go away. Russia budget needs oil to be $93 a barrel and the King isn't happy with Russia either. So there is some politics going on here also. It only cost the Saudis $20-30 a barrel to extract oil and they have their own fund to support their government and currency.

Hi Momoe!

Richard Day — Sun, 30 Nov 2014 20:17:17 +0000

In reply to Richard you are not the only

Hi Momoe!

It is amazing that certain capitalists are moving their investments to 'green' energy.

And the unimagined profits being made in wind and solar power.

Right wingers point to fracking of course as the primary reason for lower oil prices.

But, follow the money for good and for evil.

This time in history shall be written about for decades to come.

The good and the bad.

Just follow the money.

I will give Curly Rand this:

Richard Day — Sun, 30 Nov 2014 20:12:19 +0000

In reply to So this is what Republican

I will give Curly Rand this:

He at least discusses the problems involved in our criminal justice system; highlighting the criminal injustice.

But damn! Repubs will never do anything about this travesty.

They are too too busy seeking justice for those who already have everything! Which is the very definition of injustice.

I am disgusted.

So this is what Republican

rmrd0000 — Sun, 30 Nov 2014 18:33:01 +0000

In reply to Perspective

So this is what Republican outreach looks like?

Richard you are not the only

trkingmomoe — Sun, 30 Nov 2014 16:57:44 +0000

In reply to Perspective

Richard you are not the only one bothered by all this. Everyone I talk to is depressed by this. I keep telling everyone about the riots in the Hough area of Cleveland in the summer of 1966 and what caused it. The grand jury said it was caused by the Communist stirring things up and all the grand jury did was support the structural corruption and political attitude of the time. It took several years for the feds to clean up the police department and code enforcement. I don't expect anything to quickly happen to help Ferguson. At least in those days the media kept everyone locally a tune to the actions that were taken by the FBI and other federal departments. Today we will hear nothing as to how the corruption is rooted out.

On top of all this we have 2 years of Duck Dynasty Congress to get through.

The good news is the price of oil has fallen. It around $68 a barrel now. I remember a speech President Obama made, that no one paid attention to, that he was looking into what could be done about wild trading that had been going on in commodities. That there was too much over exposure and trades. I have also noticed that the price of bacon has been rolling back. It is a treat to be able to buy some. There is a few people in the investor class that is getting burned right now for buying expensive futures based on peek oil and drought. Well the price drop did get me thinking that maybe they did find a ways to slow down commodities prices at the trading end.