IT'S A NEW RECORD!

That's right, folks, oil which went down in price recently has REBOUNDED and is now at around $146.90 for A NEW RECORD! This after the U.S. threatened Iran for testing a rocket, so Iran tested another one. The impending war is helping to raise the price of oil. Nigeria is also up in arms, literally, as many folks there don't want the U.S. backed government in power and are threatening further violence. Exxon, Shell, etc., making a killing by making a killing.

Here in Coos Bay, gas prices remained at $4.39 for about 3 weeks and recently dropped with the price of oil to $4.35. No doubt this new development will raise the price of a gallon of gas. I guess we'll have to take out a loan to fill the tank.

But wait, taking out a loan just might become more difficult as Fannie Mae and Freddie Mac are in a downward spiral. The lending firms which back mortgages seem to be in a downward spiral as their stock values fall with the housing crisis. No clear news as to whether King Dick or co-King George will do anything about this, but there again, Fannie and Freddie aren't oil companies.

Combine all this economic downturn with a stock market that is plunging ever downward, a dollar that is plunging ever downward, a $3,000,000,000,000 going on in Iraq, a hefty priced war in Afghanistan (not to mention the millions of lives and millions of people displaced), the flooding in the midwest destroying a large portion of crops (which co-King George's versioin of FEMA will be helping like they did with Katrina), a continued drought in Australia destroying crops, impending trillion dollar war with Iran, airline cut backs and collapses, job growth collapsing, unemployment rising, stagnating wages, rising gas and food prices, war in Somalia, oil exploration which will cost more than it will save, destruction of the environment with oil exploration, the mortgage crisis, banks collapsing,...I'm sure I'm forgetting something.

Have a nice day!