$105 oil

[igo]

$143.67 and the stock market is the lowest in two years.

[ebacherville]

the depression is on like Donkey Kong!!!

There saying $7.50 a gallon with in a year... Home heating costs this winter are going to be double over last year ..

The huge amounts of flooding this year are going to make crop prices skyrocket, heck the corn here in a non flooded area is usualy knee hight by the 4th of july.. its a little taller than my ankles now.. very poor

get ready its not going to get better any time soon

[igo]

Yep, things aren't looking good (and I am an optimist).

[ebacherville]

well optimistically, were prepared more so than many people.. we know how to get better MPG's and most of us here have high MPG vehicals already .. Can't see how anyone could afford to be driving SUV's at $7.50 a gallon 200+ bucks to fill a tank .. holly crap. thatt and if they don't downsize before it too lat wont be able to afford a small efficient car becuase of there 200+ dollar fillups.

Well at least the SUV'ers can go to work on monday and camp in there car in the parking lot all week and then go home for the weekends.. that would save some fuel. they got all the room, use it.

[ebacherville]

our local dealership offered us employee pricing, plus an additional $6000 of that price if we bought a fullsize SUV.. and $5000 off employee pricing on any full size pickup.. and they finance it for 72 months at 0%.. there really really hurting on those full size vehicle sales.

[jamesqf]

Originally Posted by ebacherville

There saying $7.50 a gallon with in a year... Home heating costs this winter are going to be double over last year ..

Time to make a few trips to Home Depot for insulation. I've still got one wall of the house to upgrade. Then it's time for the solar heating panels.

Though I'm not doing too bad already. With the wood stove, the furnace only comes on late at night, or (at low level) when I have to go out of town for a week. First year I was in this place, I used about 400 gallons (IIRC) of heating oil. With insulation & all, it's down to about 50 last winter. Maybe I can get to 5 or 10 next year?

[Peakster]

Originally Posted by ebacherville

Can't see how anyone could afford to be driving SUV's at $7.50 a gallon 200+ bucks to fill a tank .. holly crap.

People like that are the types that only put their vehicle up for sale the day of the repossession. Some drivers of trucks and SUVs will defend their vehicles' until the day they're malnourished from food cutbacks.

I saw a jacked-up Excursion with huge mud tires today angrily trying to parallel park downtown, just as I started my evening commute on my bicycle. Those are the people that will fall flat on their faces soon (and do it all over again a few times before they finally get the picture).

[Blue07CivicEX]

By the way the Dow took it's largest percentage drop in the past 6 months then it has in 38years or some crazy thing like that.

[ebacherville]

yep there down again today.. I think the stuff is finally starting to hit the fan. and every one sees it not just the observant minority.

[ebacherville]

wow! GM sales down 18% last month... fords sales down 28% in June... Chrysler's closing there minivan plant and truck plants going to single shifts.. huge lay offs.. no one is buying new cars.. or trucks...

The news story I saw was interviewing one of these laid off auto workers in front of the closed plant, he drove off on a Honda motorcycle.. go figure...

[jamesqf]

But note Honda's sales are up, and most (all?) of the manufacturers are reporting that they can't make small cars fast enough to meet demand. (Average time on dealer lot for the Prius is apparently measured in hours now.) So it's not that no one is buying new cars, it's that all of a sudden they've stopped buying new gas guzzlers, and the automakers can't switch production fast enough to supply the changed demand.

[ebacherville]

yeah small cars are doing alright but chevy and ford and crysler are downsizing and fast.. switching over to smaller cars would still alow jobs to be kept, there not being kept and there sales are falling .. Yes I have heard a Prius is 8 months out at this point .. i have said that the companies like honda nad toyota will do pretty well this year.. there specilty is small cars.. the big 3 uas automakers are really going to be hurting.

[igo]

Hey look ----> $144.13


Oil Hits New Record Levels

[ebacherville]

cant say I'm surprised.. seems every day/week we do this..lol.. oh wait this ain't funny.

In the UK, $10 a gallon and some fuel protests going on by truckers..

[igo]

$144.32

[Peakster]

When I was at work today, I managed to check out the 'trading markets' section of my employer's website. Every stock was down (the TSX was down more than 450 points!!!) except Gold and Oil. This is not looking good people. Economic downturn anyone?

[jamesqf]

Originally Posted by ebacherville

...the big 3 uas automakers are really going to be hurting.

And? It's a self-inflicted injury. I should feel sorry for them? Or for the out-of-work auto workers union members who kept on pushing the "buy the big fuel-sucking-pig stuff we assemble 'cause it's built in America" propaganda for so long?

[Frank Lee]

What james said. Idiot auto execs are paid millions to have zero vision and zero common sense.

[ebacherville]

there saying GM could go bankrupt within a year if things continue... GM stock is at a 54 year low!

PS $145 a barrel for oil today

[igo]

Originally Posted by ebacherville

PS $145 a barrel for oil today

I see $145.85