As many of you astute readers know, Wall Street kicked up the price of a barrel of oil $11 in one day, a record, for a record high of $139 a barrell. The stock market itself, however, took a some 400 point dive. The dollar dropped against the Euro again. The housing mortgage crisis is worsening. Food prices are going up Up UP! Unemployment jumped to the admitted high of 5.5% (measured, to my understanding, as the people claiming unemployment insurance, not the actual number of unemployed, which is much higher). GM is shutting down some plants in the U.S. Ford is selling off their hummer design.
Gas here in Coos Bay hasn't gone up this weekend, remaining at $4.25 a gallon at our local shell stations. We'll see what it does tomorrow when the markets open and shit again goes crazy.
Get with your communities. Help each other through this crazy time a comin'.
PudgyIndian's note: Asia markets are opening down by 2% because of current oil speculation according to an Al Jazeera article. According to the article, OPEC isn't blaming the oil producing nations, but market speculation and international political tension.
Whaddya think, folks. Do you think the wealthy fucking shitholes whose one true god is money would fuck with us and the whole economy in such a way...FUCK YEAH they would.
Europeans are rioting in the street. You see, OPEC nations are also stating some contradictory information to what is getting to us. They are saying there is plenty of oil on the market already.
Mind you, oil is a finite source, but this...this shit...this is the wealthy fucking with the poor to make more money for themselves. "Not evil deeds. Just good business."
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