[lateStarter]

Ok. Asking the obvious here, but if my salary stayed the same or went down (lot of that happnening - "your salary is slated to drop 2.4% this year, want to keep your job"?) or went up a whopping 1.3%, what do you do in the face of this:

$this->bbcode_second_pass_code('', 'Energy prices -- 4 p.m.
Fuel Today Yesterday Chng. % chng. % chng. % chng.
qtr. YTD
Crude oil (NYMEX) (per barrel) $63.85 $62.31 $1.54 2.47% 13.01% 46.95%
Heating oil (per gallon) $1.7894 $1.7312 $0.0582 3.36% 9.37% 44.19%
Natural gas (per million BTU) $8.6840 $8.7000 -$0.0160 -0.18% 24.39% 41.43%
Unleaded gasoline (per gallon) $1.8570 $1.8322 $0.0248 1.35% 18.60% 62.47%
==================================================================================')

last number is most crucial YTD increase...

[BabyPeanut]

My consumption has dropped and it will keep on dropping until I can't figure out (or pay for) another energy saving thing.

[linlithgowoil]

living costs across the board have been skyrocketing for about the last 5 years i would say (discounting cheap consumer goods which are cheaper all the time).

housing and all the related costs like electricity etc. is astronomically expensive now and its rising a lot faster than people's incomes. this cant go on for all that much longer, and it looks like the UK economy is just keeping its head above water before the inevitable recession that is now overdue and necessary.

[lateStarter]

Will the 'sheeple' ever say anything (rise up) or are they too distracted with the latest episode of Baywatch III?

[Daculling]

$this->bbcode_second_pass_quote('lateStarter', 'W')ill the 'sheeple' ever say anything (rise up) or are they too distracted with the latest episode of Baywatch III?

[shady28]

$this->bbcode_second_pass_quote('lateStarter', 'w')hat do you do in the face of this:

[Leanan]

I think a lot of people will be cutting back elsewhere. According to this article:

http://money.cnn.com/2005/08/08/news/ec ... /index.htm

Likely places to cut are prescription drugs, designer clothes, magazines, breakfast cereal, and cable TV.

[ubercynicmeister]

And Oil just got to $64 (and a bit above) and there's STILL no clue in the Media...I wonder what they'll say when we top $100 per barrel?

The interesting thing is the prediction by oilcast was the best....what do they say about Matt Simmons prediction about Oil getting to $300 to $600 in Q4-2005 / Q1-2006?

I suppose the Oil price *might* come down after such a thing, but how high does Oil have to go before Demand Destruction kicks in?

BTW - under Australian conditions $300 per barrel = $4(Aus) per litre at the pump

$600 per barrel = $7(Aus) at the pump.

[EnergySpin]

$this->bbcode_second_pass_quote('ubercynicmeister', 'A')nd Oil just got to $64 (and a bit above) and there's STILL no clue in the Media...I wonder what they'll say when we top $100 per barrel?

The interesting thing is the prediction by oilcast was the best....what do they say about Matt Simmons prediction about Oil getting to $300 to $600 in Q4-2005 / Q1-2006?

I suppose the Oil price *might* come down after such a thing, but how high does Oil have to go before Demand Destruction kicks in?

BTW - under Australian conditions $300 per barrel = $4(Aus) per litre at the pump

$600 per barrel = $7(Aus) at the pump.

[No-Oil]

$this->bbcode_second_pass_quote('ubercynicmeister', 'A')nd Oil just got to $64 (and a bit above) and there's STILL no clue in the Media...I wonder what they'll say when we top $100 per barrel?

[BabyPeanut]

$this->bbcode_second_pass_quote('No-Oil', '')$this->bbcode_second_pass_quote('ubercynicmeister', 'A')nd Oil just got to $64 (and a bit above) and there's STILL no clue in the Media...I wonder what they'll say when we top $100 per barrel?

[marko]

I suspect that oil much above $80-100/barrel will bring on a recession that will lead to a collapse of the credit bubble (and the global economy).

It was oil prices at similar levels or lower, adjusted for inflation, that brought on the recessions of 1974 and 1981.

After the global economy collapses, oil prices will drop again. For a while.

[lateStarter]

$this->bbcode_second_pass_quote('marko', 'I') suspect that oil much above $80-100/barrel will bring on a recession that will lead to a collapse of the credit bubble (and the global economy).

It was oil prices at similar levels or lower, adjusted for inflation, that brought on the recessions of 1974 and 1981.

After the global economy collapses, oil prices will drop again. For a while.