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Has computer chip manufacturing started up again? I know that has been an issue with the prices and availability of a lot of things.
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I closed my long position on oil after a fast bounce up and when markets hit 50% retrace from lows. I knew the rally was going to be short lived but didnt expect it to move that fast. Was expecting it to hold off until after Labor Day.bclemms, the $2.81 I paid this weekend otw back from NOLA is almost where I thought we'd be end of August. If we were to have bet, I think I'd have won, by Oct 1, we should see 2.50.
That is probably the bottom, but we aren't there yet I don't think.
I dont know where the bottom will be. Lot of things about to start happening and it will depend how deep the cuts in the economy go. Europe and China are in deep trouble and I really think the US isnt far behind. If we are looking at a global recession then oil is going to go a lot lower.bclemms, the $2.81 I paid this weekend otw back from NOLA is almost where I thought we'd be end of August. If we were to have bet, I think I'd have won, by Oct 1, we should see 2.50.
That is probably the bottom, but we aren't there yet I don't think.
I dont know where the bottom will be. Lot of things about to start happening and it will depend how deep the cuts in the economy go. Europe and China are in deep trouble and I really think the US isnt far behind. If we are looking at a global recession then oil is going to go a lot lower.
Daddy Yankee?it sure beats the $6/g they were saying we were gonna have by end of summer.. but we all know who was really hoping for that..
I dont know where the bottom will be. Lot of things about to start happening and it will depend how deep the cuts in the economy go. Europe and China are in deep trouble and I really think the US isnt far behind. If we are looking at a global recession then oil is going to go a lot lower.
Winter is coming and Europe isn’t getting Russian gas. Europe could look like late 70s US fuel shortage except it will be natural gas and the entire grid that suffers. Burning coal and spinning up nuclear might be their solution. Easy to be green when natural gas is cheap.
China seems poised for a crisis. Banking issues, real estate issues, risky foreign debt, on-shoring and diversification by the US, etc.
Part of me feels like the US is the most insulated and comes out even better off. Part of me feels like the world drags us down.
Honestly, I really don't care about any of that when it comes to the US.Winter is coming and Europe isn’t getting Russian gas. Europe could look like late 70s US fuel shortage except it will be natural gas and the entire grid that suffers. Burning coal and spinning up nuclear might be their solution. Easy to be green when natural gas is cheap.
China seems poised for a crisis. Banking issues, real estate issues, risky foreign debt, on-shoring and diversification by the US, etc.
Part of me feels like the US is the most insulated and comes out even better off. Part of me feels like the world drags us down.
This was discussed heavily on WWL radio today. China and Europe are looking at a future crisis. I've mentioned itWinter is coming and Europe isn’t getting Russian gas. Europe could look like late 70s US fuel shortage except it will be natural gas and the entire grid that suffers. Burning coal and spinning up nuclear might be their solution. Easy to be green when natural gas is cheap.
China seems poised for a crisis. Banking issues, real estate issues, risky foreign debt, on-shoring and diversification by the US, etc.
Part of me feels like the US is the most insulated and comes out even better off. Part of me feels like the world drags us down.
It's probably safer than living next door to an electrical power plant.This was discussed heavily on WWL radio today. China and Europe are looking at a future crisis. I've mentioned it
before in other threads. I'd have no problem living next door to a nuclear power plant. Modern plants will not
melt down like Chernobyl.
Takes years to get up and running as I understand it, though. Nuclear energy is a long-term part of the solution, definitely.This was discussed heavily on WWL radio today. China and Europe are looking at a future crisis. I've mentioned it
before in other threads. I'd have no problem living next door to a nuclear power plant. Modern plants will not
melt down like Chernobyl.
It's probably safer than living next door to an electrical power plant.
Fusion holds the ultimate power supply. According to this article it's still 20 years away.Much safer than an petroleum refinery too.