[Josephus]

Despite my initial reaction to this thread as a X-mas list for the apocalypse (note it was in lower case, no need to bring the r-word into it) it gladdend my heart and put a smile on my face to see what y'all put on your lists. What's on mine? Well, I'll tell ya:

My Beer Hall/Survivalist Shelter/Party Spot, invitations will be sent out upon completion.

My Drum Set, why do they have to make every single friggin' piece so expensive?

A Successful Communal Gardening Project

Little Bro and Sis old enough to fend for themselves

Mom and Dad gone if the worst happens

Someone to save the 'Star Wars' franchise, sorry Mr. Lucas, but it needs to be done, even if they aren't able to be shown anymore.

Well, there ya go. I know I might take a beating for that last one, but c'mon! Just going back and taking out Jar Jar would be enough for me. There are other deficiencies, but we'll leave it alone for now.

[lowem]

$this->bbcode_second_pass_quote('Josephus', 'W')ell, there ya go. I know I might take a beating for that last one, but c'mon! Just going back and taking out Jar Jar would be enough for me. There are other deficiencies, but we'll leave it alone for now.

[Eustacian]

Well, I know it's an overused statement around here, but I'm wondering if today wouldn't be another good time to say "The Shit Has Hit The Fan".

1> Wolfowitz, architect of the neo-cons plan to "rebuild" America is picked by Bush to lead the World Bank. Expect way more "economic hit men".

2> Oil breaks a record. Need I say more.

3> Regular gasoline in Malibu California tops $3.00 per gallon.

4> The Senate approves a plan to drill at ANWR.

5> Dow just keeps on a dropping - a couple billion dollars of hard working folks 401(k) being vaporized.

6> Saudi Arabia says it can add 500,000 bpd but it's all sour crude.

Yup yup, sounds like TSHHTF.

[SD_Scott]

HA HA, I'm thinkin, close but not quite yet for the fecal propulsion.

[OilsNotWell]

Six months ago, I could do all of my online requisite online reading very quickly about this. Now it's coming so fast and furious, I can't keep up. It's snowballing quickly. All of those optimists are being proven wrong, like we knew they would. Remember back around August, and Michael Lynch believed prices would fall to $30? Remember just a year ago and EVEN back in January about the long-term price predictions by
most major brokerages, the IEA, EIA and such? It was hogwash. I hoped this wouldn't come this quickly, but it is.

I hate to envision it, but I fear in the not-too-distant future there will be wage/price controls as inflation rampages, the dollar printing presses going overtime, our monster national debt, current accounts deficits, and trade deficits, endless oil wars, reinstitution of the draft, tanking dollar, massive personal and corporate bankruptices, recession and major worldwide depression, housing market crash, bond and stock crash,massive unemployment, gold/silver confiscation, blackouts, food and energy rationing, power grabs and personal liberty infringments, etc. I hope this doesn't happen, but it doesn't look good! I don't WANT to be this alarmist, but this is now has all the hallmarks of a true energy crisis, and remember 9 of the last 10 recessions came on the heels of oil price spikes...Yikes! All the neocons are in place in power...This is starting to get scary.....

But who knows....I hope I am wrong.....

[Petro]

lol yeah well cycles happen but as posted elsewhere...the zeitgeist is jaundiced and all the plans (agurably put in to motion years ago), are in a pattern of convergence. This is why I'm a little sour about the necessity for the so called 'Main-Stream Disclosure' of PO. In my opinion its disclosure has been made many years ago to those in power, and [they] have been manipulating geopolitics for many, many years to this end. This end, I can only speculate upon. From my novice understanding of human nature the conclusions that I draw are that the best nation(s) win (meaning: the most ruthless, nasty, capable, and willing to control supplies of oil), albiet, not for very long though. We are seeing are seeing (don't be fooled by what is broadcast on TV et al), is a jockeying for these resources and America (along with its mother England), have made, and indeed continue to redefine the mark in the sand that China, France, and Germany (EU /shrug) are trying to hedge. If you step way way back, the whole geopolitical picture really isn't very fuzzy. GW is crazy...well maybe. I'm certainly not a fan, but he's leading a fight for what will soon be all that remains of the worlds petrochemical resources. Perhaps buying the US some time. PS - CNBS just talked to some petro-speculators and they stated (sorry this is not accurate), something like: be prepared for ExxonMobile to make a >>200Billion grab for Soviet (or even BP!) takeover withing the next year. Heh...is there any doubt that what we are seeing is a horse race to control the fading petro-resources? Not in my mind.

[Grimnir]

$this->bbcode_second_pass_quote('Eustacian', '3')> Regular gasoline in Malibu California tops $3.00 per gallon.

[johnmarkos]

The Wilshire 5000 has to break its post-dot-com bust low (~7500) before we can even begin talking about T imminent S hitting TF. It's currently close to 12000. To really enter SHTF territory, we'd need to see it go below 5000.

Other indicators:

NYMEX light sweet crude breaks $100/barrel.
Euro > US$2.00.

[Eustacian]

$this->bbcode_second_pass_quote('Grimnir', '')$this->bbcode_second_pass_quote('Eustacian', '3')> Regular gasoline in Malibu California tops $3.00 per gallon.

[SD_Scott]

They showed a picture of a gas station in LA on the news either last night or this morning. All three prices were over $3.00 a gallon.

[RdSnt]

$this->bbcode_second_pass_quote('OilsNotWell', '
')
I hate to envision it, but I fear in the not-too-distant future there will be wage/price controls as inflation rampages,

[nero]

All you need more is an airline to go bankrupt today and you would have every possible peak oil angle covered in one day of news.

incredible.

[Jack]

$this->bbcode_second_pass_quote('OilsNotWell', 'I') hate to envision it, but I fear in the not-too-distant future there will be wage/price controls as inflation rampages, the dollar printing presses going overtime, our monster national debt, current accounts deficits, and trade deficits, endless oil wars, reinstitution of the draft, tanking dollar, massive personal and corporate bankruptices, recession and major worldwide depression, housing market crash, bond and stock crash,massive unemployment, gold/silver confiscation, blackouts, food and energy rationing, power grabs and personal liberty infringments,

[fossil_fuel]

http://www.gaspricewatch.com/usgas_index.asp

i don't see $3/gal here.... of course, their coverage of stations is not all-encompassing.

[jato]

Gas prices are seen Tuesday, March 15, 2005, at a 76 gas station in Malibu, Calif. (AP Photo/Nick Ut).

I think Performance Plus is a mid-grade 89 octane...not 87. It's still pretty damn high!

[Grimnir]

Good enough for me. Thanks!

[ONeil]

$this->bbcode_second_pass_quote('nero', 'A')ll you need more is an airline to go bankrupt today and you would have every possible peak oil angle covered in one day of news.

incredible.

[nero]

It didn't happen today though, so you can't claim it as "news of the day". I'm being picky.

[ozkrenske]

Johnmarkos,

I don't think that it is likely that dollar lows will actually be set in future dollars. What I mean is that at the rate that the US dollar is deprecating vs other currencies and inflating internally that the 'sticker price' of the index will never go down so low. (Actually the lows need to be brought forward and increased for inflation and loss of dollar value.)

For example if you look at the real cost of the Index in non US currencies you will find that the brought forward 7500 would actually equate to around 10000 now, so that should be the figure you are comparing against. The loss of dollar value is seeing the markets value rise at a similar rate to that at which the dollar is dropping.

Another thing to remember is that many stock indexes regularly are refactored so that which stocks and what quantity of them can change regularly within the indexes giving a false positive picture of the index.

[johnmarkos]

$this->bbcode_second_pass_quote('ozkrenske', '
')I don't think that it is likely that dollar lows will actually be set in future dollars. What I mean is that at the rate that the US dollar is deprecating vs other currencies and inflating internally that the 'sticker price' of the index will never go down so low. (Actually the lows need to be brought forward and increased for inflation and loss of dollar value.)