Gas is gonna go through the roof.....

[Sgt.Stedenko]

Great post gramps.
You have squarely hit the nail on the head several times in this thread.
The devaluation of the dollar (Thanks Ben) and speculation is the primary driver for oil rising in cost.
Supply and demand has nothing to do with cost.
Are cotton, wheat, corn etc. production down? No. The cost to fertilize and harvest the crops (need oil) and the subsidies for ethanol have driven food prices up.

 

[whodare]

sound like a wise old man there gramps, yoda my be appropriate. i say people buy silver and lots of it asap. get ready for a huge change of times. its been coming for a while but now its building momentum.

 

[turbolaser4528]

What if Ron Paul gets elected in 2012 and ends the fed like what up son ?!

Or someone gets in there and reverses what they're doing ?

The aliens ?

Plenty of stuff could happen

 

[Greensub]

Oops... missed this post...

Well you might have always thought of it as something but just because you think something is or isn't something doesn't mean you are correct.

Tone...

Tone is a literary technique that is a part of composition, which encompasses the attitudes toward the subject and toward the audience implied in a literary work. Tone may be formal, informal, intimate, solemn, somber, playful, serious, ironic, condescending, or many other possible attitudes.[1] Tone and mood are not interchangeable.
[edit] Usage

Under the element of cadence, the tone of a piece of work can be found in many ways. All pieces of literature, even official documents, have some sort of tone.
In many cases, the tone of a piece of work may change or evolve. Elements of tone include diction, or word choice; syntax, the grammatical arrangement of words in a text for effect; imagery, or vivid appeals to the senses; details, facts that are included or omitted; extended metaphor, language that compares seemingly unrelated things throughout the composition.
Tone is an element used frequently in poetry to convey feeling and emotion, and set the mood for the work. It is important to note that tone and mood are not interchangeable.

http://en.wikipedia.org/wiki/Tone_(literature)

There's a more complete definition of Tone from a literature sense. I don't see any mention of of what you claimed it to be... but a whole lot of what I claimed it to be. Much better definition than mine though.

No you said context of the overall discussion. The overall discussion is gas prices, not my name or how I spell it. Apparently you have no clue what the conversation is about. Of course that's pretty obvious by the content of your contributions.

Sorry... I see that in one place I did say overall conversation whereas I should have said overall relevant conversation. There was still relevant context in the thread to draw from.

No you never mentioned specific traits until now so these are all new unfounded assumptions.

We all know you that you know how to spell cat, you're a smart guy... he was just poking a little fun at you.

You strike me a serious person most of the time... I appreciate what you have to say, I enjoy reading your posts and hearing your input.

not quite as specific...

The unfounded assumption I'm talking about is your suggestion you know me at all, even in a "limited" sense.

I know your IC handle (that's something), even if that was all I ever read I would know that there's a guy on IC using the name hempkat. The more words posted by this entity hempkat online the more I know of his online persona... Is this really so difficult?

Like right here you are making the false assumption that I might not be level headed, friendly or reasonable simply because I'm not just accepting everything you say.

I made no assumption at all there... I stated that I had made an assumption (agreeing with you) and then I stated I wasn't sure anymore. I would still like to think those things of you.

I have noticed in other discussions you were much friendlier, less opinionated, less snarky and overall much less of a prick when I was in agreement with you.

I tried to apologize as soon as you said something... I was sincere in that. I felt bad that you took issue with it the way you did. As far as my tone... it wasn't a matter of us agreeing... it was my response to your tone.

Don't get me wrong... I appreciate what you have to say, I enjoy reading your posts and hearing your input. I have friendly feelings towards you on this board that's why I said I didn't mean to be offensive... I saw the whole thing as a friend poking some fun at another friend... both the original statement I responded too and my comment on it.

I do feel bad now that you've taken so much offense to it and for what it's worth I'm sorry, I didn't mean to infer in anyway that your input isn't worthwhile.

But you ignored that and instead started an argument that you weren't offended and that I was making an assumption that you were offended. To be truthful... that raised my hackles a little.

But woah let someone say something against you and you transform into this whiney little bitch that keeps dragging irrelevent conversation on and then accuses everyone else of beating a dead horse.

Actually that wasn't me with the horse... I just keep this conversation going as a social experiment to see if you ever capitulate a point or let someone else have the last word in an argument. From the arguments I've read I can't recall a time offhand to be honest but those are just the ones I've read.

It's misrepresentation because it implies you have knowledge of me that you don't have.

It's not when I say "what I know" even if I only know that your here and you use the name hempkat... then that would be the limit of what I know. It's not a misrepresentation at all.

There is nothing that qualifies you as being able to gleen a person's personality from what they say. I could be in a bad mood at a time I write something and that post might reflect it.

That statement makes no sense to me... even that's something.

[/quote]
Someone reading that post might assume that is who I am when in fact it's just how I was, at a moment in time, that had nothing to do with the person making the assumption.[/quote]

Who you are in a moment of time reflects who you are overall...

You've already made it clear in a previous backpeddling that you haven't been following me for years.

I'm not saying I stalked you or anything, I just read a lot more than I post myself and I've been reading a lot on here for the past two years... I've read over a thousand words a minute since the fourth grade. I'm one of those weird people that likes really long threads. I've been here since before 2009, I can remember reading posts of yours back then when I first signed up. Is that following?

I guess where I go wrong sometimes is forgetting that as a result of my earlier very infrequent posting (I did a lot of earlier reading on my blackberry... I hate posting using that) that nobody knows my online persona or at least not that much of it. Almost all of my posts are from the last 3-4 months. It's only relatively recently that I've come out of my shell and taken a more active role in this community.

Yet you assume you know me, from posts I've written to others? Psychiatrists with degrees from medical school and who have spent years talking to patients on a regular basis and they can't tell you what a person's personality is for certain. Yet you, the wonder stoner, seem to think you can glance at a few posts and know enough to speculate on what motivates a person

I think I've made it abundantly clear that I made a limited statement...

Wow so now you're saying you aren't sure of what you've said. Hopefully that means you will now fully back down from acting like you know people based on posts you've read in the past. I mean if you can't even keep track of what you've said how can you reasonably expect anyone to think you capable of judging anything, let alone something as complex as human personality?

I'm not afraid to capitulate a point or admit that I was wrong... at the time I was assuming that you were responding to the post you had quoted of mine at the time... not another post from months ago in a different thread. When you reminded me of the other thread I realized I was wrong in that context and admitted so. We're all capable of judging human personality... we all do it... all the time.

Well actually I answered you and pretty clearly ("you haven't a clue about my online personality if you haven't talked to me personally every day for years...") but you're refusing to accept that that was my answer to your question.

I guess you didn't convince me with that answer as you still have a hang-up over my use of the limited statement "what I know". I have a clue/clues to your online personality... you leave one every-time you post... it's a clue.

There's no misrepresentation there, I'm specifically telling you that you don't know me if you haven't personally talked to me.

I never claimed to know you personally... I only made a claim to your online personality (meaning your collection of posts on here) and a limited claim at that... only "what I know" of your online posts/persona. When I read a hundred or more posts by the same person I have a clue to their online personality.

There's nothing there suggesting you were talking about anything other then posts, I'm telling you it takes a hell of alot more then skimming over posts to know someone, even in a limited sense.

Assumption... I don't skim... I don't "speed read"... I don't know how I do it to be truthful, I just read really fast.

Now if you are too dense to recognize that as a pretty specific answer to your question well I can't help you there's no cure for ignorance.

It was a question about your interpretation of the words "what I know".

You're welcome, now see if you had just said this intially rather then trying to imply you know me at all, limited or otherwise, we could have avoid all the back and forth of the last several days.

as I said earlier I was making an attempt to be friendly that went far off course... We could have avoided all this if you had acknowledged my apology at the time as well. As I said before I meant it sincerely.

Yeah I realize that. It's irrelevent in my opinion but yes I realize that. You did notice he was telling both of us we're beating a dead horse in post #361 didn't you?

Yes... I did notice it... I thought that was funny too actually, reminded me of something a teacher said to me once... "hey, it's fun... and the horse doesn't mind".

Remember earlier in this post you said that I made that statement? Obviously I didn't... #361 was not mine.

Sorry to everyone else in the thread too... I hope we've amused you.

Looking back now I see it as my fault for being to familiar with you. As I said earlier... I often forget that people haven't read as much from me as I have from them... and I apparently have overstepped this boundary.

I still disagree with you on the definition of tone and how you know about someone's online persona, but I imagine we've about exhausted the possibilities of that conversation though.

 

[BrainSellz]

Unbelievable.....seriously....

 

[SpasticGramps]

"hey, it's fun... and the horse doesn't mind".

I lol'd.

 

[SpasticGramps]

What if Ron Paul gets elected in 2012 and ends the fed like what up son ?!

Or someone gets in there and reverses what they're doing ?

The aliens ?

Plenty of stuff could happen

I remember a Ron Paul interview I saw and they asked him about ending the Fed. He said he wasn't really worried about ending the Fed because they are going to end themselves. I concur with his assessment. They will end themselves and the Dollar before most people know what's going on or have the will to change.

Who is going to "get in there?" The FED chairman usually lasts several president's. Bernanke is our man for a while and to reverse what he has done and is doing is becoming impossible. He would have to suck out massive amounts of liquidity and skyrocket interest rates which would collapse us now anyway. It would however save our currency.

He's painted himself in a corner and instead of doing the brave thing and letting the market come back into equilibrium, which would probably be a deflationary collapse, he's going to close his eyes and drive off the hyper-inflationary cliff. None of his options are good........unless you are a banker at a Primary Dealer where all this liquidity is going. If that's the case you are getting very rich right now. This is the biggest transfer of wealth (ie. robbery, theft, looting) EVER.

List of the Primary Dealers...

BNP Paribas Securities Corp.
Barclays Capital Inc.
Cantor Fitzgerald & Co.
Citigroup Global Markets Inc.
Credit Suisse Securities (USA) LLC
Daiwa Capital Markets America Inc.
Deutsche Bank Securities Inc.
Goldman, Sachs & Co.
HSBC Securities (USA) Inc.
Jefferies & Company, Inc.
J.P. Morgan Securities LLC
Merrill Lynch, Pierce, Fenner & Smith Incorporated
MF Global Inc.
Mizuho Securities USA Inc.
Morgan Stanley & Co. Incorporated
Nomura Securities International, Inc.
RBC Capital Markets, LLC
RBS Securities Inc.
SG Americas Securities, LLC
UBS Securities LLC.

Wow. It's the usual suspects. The global population has become accustomed to them stealing everything, but this time they've gone too far. They've stole too much and the pitchforks (and rocks) are starting to come out.

 

[whodare]

who's gonna be the martyr and assassinate bernake and these bank chairs to speed up the recovery process?....

(to the government reading this that was a joke hahaha funny right?)

 

[SpasticGramps]

"What'd you say?"

"Oooops, we need more QE"

"Bathing in the American Dream"

 

[DiscoBiscuit]

With an ass like that, ol' Ben would be a catcher in the pen, not a pitcher.

 

[BrainSellz]

ben bernake looks like a "flame" in that pic ....i goda give em a new name now and i believe it fits two ways....BURNake- one for that flamey pic and the other for him making/letting US BURN....

 

[SpasticGramps]

With an ass like that, ol' Ben would be a catcher in the pen, not a pitcher.

He's going to be somebody's punk bitch when it's all said and done.

ben bernake looks like a "flame" in that pic ....i goda give em a new name now and i believe it fits two ways....BURNake- one for that flamey pic and the other for him making/letting US BURN....

 

[DiscoBiscuit]

It's interesting that BOA isn't on the list of dealers.

I remember Hugh McColl back to the NCNB days. Up until the NationsBank/BOA merger, they were a pretty tight ship. When Hugh retired, I'd hoped he'd be an asset in future administrations. But I think Hugh saw the writing on the wall and is through with all this modern banking bullshit.

 

[SpasticGramps]

Merrill Lynch is. BofA owns them now. They are getting theirs.

Modern banking is all about privatizing gains and socializing failures. This is the worst kind of moral hazard and a receipt for disaster.

 

[DiscoBiscuit]

That's right, now I remember. The [then] commander-in-chief put the screws to BOA to absorb ML. Something about the bailout and investment bank-status meant BOA probably wouldn't get the dole w/o sucking up Merrill.

 

[DiscoBiscuit]

Egypt, Middle East Unrest Could Be 'Exceedingly Dangerous' For The Global Economy

Egypt, Middle East Unrest Could Be 'Exceedingly Dangerous' For The Global Economy

First Posted: 02/ 3/11 05:47 PM Updated: 02/ 3/11 05:53 PM

With the crisis in Egypt showing little sign of abating, its effect on trade increasingly poses a threat to the global economic recovery.

The prices of oil and other commodities have been rising since the protests began last week, as purchasers fear trade channels could be disrupted. Speculation is driving a dangerous trend, one that could drain economies and consumers of vital resources, as gas and food become more expensive. But the real risk lies ahead, experts warn: If the unrest spreads to other countries, then the global recovery, which lately has been picking up steam, could face a major barrier.

World economies have in recent months shown promising signs of recovery. In the U.S., where high unemployment and falling home prices continue to impede progress, manufacturing and lending have picked up, and the stock market has enjoyed a steady rise.

But oil could change that.

"We can digest what's happened so far reasonably gracefully," said Mark Zandi, chief economist at Moody's Analytics. "If the trouble spreads over the Middle East, and the oil supply is significantly disrupted, that would be a problem."

The price of Brent crude oil, an industry benchmark, rose above $103 a barrel on Thursday. It's the highest value since September 2008, after a summer of record-high oil prices helped drag the economy into recession.

Egypt serves as a crucial link in the transport of oil. In 2009, Egypt's Suez Canal and Sumed pipeline conveyed 2.9 million barrels daily, according to the U.S. Energy Department. As fears of a blockage mount, the Egyptian army has increased security around the canal, and some shipping companies have ordered vessels not to change crews in Egypt. If the trade passages were blocked, ships would be forced to add 6,000 miles to their journey.

blockquote .mid_article_ad_label { border: 1px solid rgb(221, 221, 221); }

Though blockage hasn't happened and oil supplies haven't been disrupted, rising prices suggest buyers fear the worst.

"Right now I don't think what we're seeing is a permanent shock," said Gregory Daco, a senior U.S. economist at IHS Global Insight. "You'd have a permanent shock were the fundamentals to change, were supply and demand to change."

Further risk lies beyond Egypt's passageways. Just weeks after protesters in Tunisia took to the streets, demonstrations began in Egypt, and then in Yemen. Activists have organized in Syria, and the Algerian government has taken steps to defuse tension.

If the unrest spreads to oil-producing countries in the Middle East, the region's oil supply could be compromised. Such an event would likely drive the price of oil still higher, with potentially devastating consequences.

"If it went up to $150 and stayed there for the rest of the year, then all the benefit of the tax cut deal would be wiped out," Zandi said. "The economic recovery would probably remain intact, although the risks would be very high."

"If anything else went wrong, a double-dip scenario would look very likely," he added.

Oil-producers do have methods for dealing with a compromised supply. Abdullah al-Badri, secretary general of the Organization of Petroleum Exporting Countries, said this week that his organization could put millions more barrels on the market if need be. But there's no guarantee that would prevent inflation.

If the price of a barrel of oil were to rise by $10.70 -- or roughly 10 percent -- and stay there for a year, the American economy would lose 270,000 jobs, according to a new simulation produced by IHS Global Insight. After a year, the country's economic output would be 0.4 percent lower than it otherwise would have been.

After two years of a sustained price increase, output would be 0.6 percent lower, the simulation predicts.

A higher cost of oil impacts Americans in myriad ways. It boosts gas prices at the pump, it raises heating costs and it deprives consumers of the money they would otherwise spend on other things. As transportation in general becomes more expensive, the cost of airplane tickets rises, and it becomes more costly to ship goods, which, again, hits consumers' wallets.

A dollar increase at American gas pumps tears more than a billion dollars from the economy each year, economists say.

"The oil price is woven into virtually the entire fabric of most economies," said Jeffrey Garten, a professor of international trade and finance at Yale, and a former undersecretary of commerce for international trade in the Clinton Administration.

As high prices would sap consumers' wealth, governments would be placed in a difficult position. A possible remedy, Garten suggested, would be to raise interest rates, in attempt to bring prices down. But in the wake of the recession, and in the years leading up to it, American monetary policy has been premised on the idea that low interest rates spur growth. Raising rates would likely stall lending, dealing untold damage to the economy.

"The thing about the global economy today is it is stretched very taught," Garten said.

"We always talk about inflation and eyes glaze over, but inflation at this particular time could be exceedingly dangerous."

The Egyptian unrest has affected the prices of other commodities as well, but oil prices stand out at the principal threat, experts say. Egypt is a major exporter of cotton, and trade with the U.S. accounted for more than 30 percent of the cotton export business during the first half of last year, according to Egypt's records. The price of cotton, which more than doubled over the course of last year, shot higher as protests began.

But cotton isn't oil.

"Cotton will have some impact, but cotton isn't that important for the U.S. economy," said Dean Baker, co-director of the Center for Economic and Policy Research, in Washington. "If people spend 10 percent more on clothes, they'll be unhappy, but it's just not going to be that big of a hit to their pocket book."

The potential pain likely won't be limited to the U.S. The current crisis, if it worsens, could have devastating effects in the Middle East, as investors move dollars out of the region. After protests began, the Swiss Franc and the U.S. Dollar have strengthened, a sign that investors are buying those currencies.

Much depends on the crisis' spreading. But already, the Egyptian unrest is moving global prices.

"The world economy is so interwoven that nobody really understands all the connections," Garten said. "It is very easy to underestimate what a little country like Egypt could do."

http://www.huffingtonpost.com/2011/02/03/egypt-oil-price_n_818390.html

.

 

[Private Joker]

Is my golf cart "green" if I charge it from a gen I put gas into?

 

[igrowone]

.With the crisis in Egypt showing little sign of abating, its effect on trade increasingly poses a threat to the global economic recovery....

if this isn't giving the USA a real wakeup call, it can't be done
i don't know how the current changes will work out, probably not the end of the world
but it could be, Saudi Arabia is going to go through something like this(probably worse), likely within 20 years
the disruption would be at least near catastrophic, minimum of a huge oil increase spot price

 

[turbolaser4528]

if this isn't giving the USA a real wakeup call, it can't be done
i don't know how the current changes will work out, probably not the end of the world
but it could be, Saudi Arabia is going to go through something like this(probably worse), likely within 20 years
the disruption would be at least near catastrophic, minimum of a huge oil increase spot price

I agree, Saudi Arabia has 25% of the world's oil reserves ! I wonder if the protests will spread there?!

This article spells out this potential disaster quite well

http://www.energypublisher.com/article.asp?id=47887


Yemen borders Saudi Arabia, and they are revolting already !! Crazy world.

http://www.aolnews.com/2011/02/01/egypt-upheaval-today-jordan-syria-and-saudi-arabia-unrest-tomo/

This is one arguing it will not happen in Saudi Arabia

http://blogs.ft.com/beyond-brics/2011/02/03/saudi-arabia-riddle-of-the-regime/

 

[SpasticGramps]

I don't know that's it's going to spread to Saudi. It could, but I think they'd be the last ones to go down in the Middle East. The Saud family is almost too big to dethrone and they have a lot of money to subsidize food and keep the population under control.

I'm more concerned about Pakistan.