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Out of the Blue

[Nov 05, 2008, 01:00 am ET] - Share - Viewing Comments

What? We know who is going to be the next president without recounts and court decisions? I guess that's democracy FTW.

Presidential Links: Thanks Ant and Mike Martinez.
Play: Dark Legion.
Splitter. Thanks Jay is Games.
Links: Struggling Americans Forced To Work Extra-Dimensional 4th Shift.
Stories: Teenager's new name is fantastic. Thanks OhGizmo.
Voting-line camaraderie reflects 'we' spirit, expert says.
Science: US Military Pretty Much Commissions a Real-Life Gordon Freeman Power Suit.
Chicken genome plucked bare by inbreeding.
Scientists clone from frozen mice. Dream of ending the frozen mouse shortage comes true.
Auction: Pooh bear sketch sold for £31,000. Oh bother.
Images: Robots Turn on Humans, A Photo Essay by Robots for Robots.
Media: Pocket Bike Jumps Over River.
Follow-up: Bones confirm Steve Fossett death.

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29. Re: Out of the Blue Nov 5, 2008, 02:43 PHJF
 
Oh come on you know I didn't mean stop driving entirely. Fact is we *have* started driving less, and the slowing demand has directly caused a fall in oil prices.

And your argument doesn't take into account what I cited: Last month marked the worst sales in 20 years in the auto industry. If Americans are spending less money on cars you can be damn sure they'll be spending less on gas.

Consumer spending drives ALL markets, including oil. And did you notice that deflation is rearing its head? Commodities, INCLUDING OIL, are falling in price, as a result of global sagging demand, a demand driven by consumer spending. Seeing as how we are in or are on the verge of a huge recession, American spending and consequently demand are going to tank. Since America is the world's largest consumer of oil, if we aren't BUYING oil, the price is going to fall. That's exactly what is happening now. 		 
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Steam + PSN: PHJF
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  26. Nov 5, 01:50 Congrats to Obama Creston
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  79. Nov 5, 11:50 At least the election is now over Creston
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  99. Nov 5, 13:43  Michael Crichton dies of cancer nin
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