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PeakOil is You

PeakOil is You

Welcome Peakoil !

Discussions about the economic and financial ramifications of PEAK OIL

Welcome Peakoil !

Unread postby Pretorian » Thu 27 Apr 2006, 02:37:52

I had a day-off yesterday so we went out shopping and stuff. Gas is $3.06 in my area (Northern VA), but thats fine. First visit to Petsmart-- catfood is up 10%, litter is up 15%. Than Dunkin Donuts-- price is apparently the same, but... Donuts got really skinny. I mean, REALLY skinny. I couldn't beleive my eyes. Than we go to Shoppers-- lettuce is $1,5 (never seen it at more than 0,99 in 2 years), a lot, a lot of stuff went 10-20% up. Meantime , I make exact same amount of money as usual and my savings rot exactly same way as before ( interest is less than inflation, minus taxes). I really want to stock up corn/olive oil, sugar, rice, flour, salt matches while prices didnt go check the roofing up there... But , I live in a rented apartment and we are planning to move . What about your area? How fast is a price-rise? What to do with the money? Clearly inflation will be 10% + this year, at 4,5% rate savings will bring $70 of pure loss per each grand you got...( counting "income" tax too)
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Re: Welcome Peakoil !

Unread postby Colorado-Valley » Thu 27 Apr 2006, 03:15:50

Gas went up to $2.85 where I live, a 10-cent rise today. Diesel is $3.13.

My coffee shop raised its price from 65 to 80 cents this week.

I saw the writing on the wall about a year and a half ago, and started buying gold to try to hedge the war's inflationary impacts on the country.

I'm also raising a VERY big garden this year. I'm still eating potatoes and canned tomatoes from last fall, so it can be done.
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Re: Welcome Peakoil !

Unread postby Doly » Thu 27 Apr 2006, 03:38:49

$this->bbcode_second_pass_quote('Colorado-Valley', '
')I'm also raising a VERY big garden this year. I'm still eating potatoes and canned tomatoes from last fall, so it can be done.


What about the more expensive food? Are you growing any?
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