Tuesday, September 16, 2008

AIG thanks you... patriots!

Wednesday, July 2, 2008

Kickass: The crude reality.

Since apparently the current price of oil is not the work of supply-demand, but rather the manipulation by speculators (hedge funds, etc.), well, this is going to keep going for some time. Sorry to disappoint the people that are waiting for the "bubble" to burst (CNBC and "advisors" anyone?), but that's not going to happen. Very prominent economists agree that there's not going to be such bubble burst, and that the oil is well poised to run up to $200 and maybe more; until Congress decides (and I repeat: decides) to do something about it.

This is one more example that greed runs rampant at the higher corporate spheres. Not only the price of gas is squeezing the last pennies out of our pockets, but inflation is expected to go 5% plus. The market is also suffering an apparent recession.
Article: Congressman targets oil speculators

Saturday, June 28, 2008