tag:blogger.com,1999:blog-5235419263414453422.post5032276374611214345..comments2024-02-23T01:30:06.101-08:00Comments on Early Warning: Odds of a 2011 Spike in Gas Prices?Stuart Stanifordhttp://www.blogger.com/profile/07182839827506265860noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-5235419263414453422.post-67399704726020219132010-12-30T07:19:26.811-08:002010-12-30T07:19:26.811-08:00Oil prices will crash in 2011 to somewhere between...Oil prices will crash in 2011 to somewhere between 10-30 dollars per barrel... <br /><br />we are still in debt-deflation phase... check Steve Keen et al.<br /><br />AlexAlexander Achttps://www.blogger.com/profile/16845172528191878930noreply@blogger.comtag:blogger.com,1999:blog-5235419263414453422.post-58982453589678618182010-12-29T10:24:55.619-08:002010-12-29T10:24:55.619-08:00I got stuck in the snow in south Brooklyn a few da...I got stuck in the snow in south Brooklyn a few days ago, and lemme tell you, there were no shortage of SUVs just out joyriding around and people cursing the smaller cars that got stuck and blocked the snow plows. I even saw a few comments on a local blog to the effect of, "if you live in the Northeast and DON'T have an SUV, you're a moron who deserves to get stuck in snowdrifts."<br /><br />Never mind that, as Jeff Masters points out in his blog at wunderground.com, the recent uptick in huge snowfalls in the northeast is most probably due to global warming. <br /><br />So the SUV guys basically helped create the conditions for their obscene vehicles to be "necessary".<br /><br />We've got some major mental adjustments to make in this country before we start acting anywhere close to rationally.Auntie Jhttps://www.blogger.com/profile/12818566250264650386noreply@blogger.comtag:blogger.com,1999:blog-5235419263414453422.post-1530752601382878512010-12-29T08:52:25.310-08:002010-12-29T08:52:25.310-08:00... But it's on Krugman's and Hamilton'...... But it's on Krugman's and Hamilton's lists of things to watch. CR should have dropped number 9 and inserted energy prices in its place. The Fed has ably steered clear of deflation and inflation so far. We have more to be concerned about China's bubble popping than spill-over from their inflation problems.<br /><br />Gas prices have sprouted up in three casual conversations I've had in the past few weeks, and I was careful not to bring up the topic. It doesn't hurt that prices here jumped ten cents the day after Christmas and the media are already blowing that horn.<br /><br />And the sooner the better! The quicker and more clearly people get the price signals to change, the faster they'll change. Maybe this will be the year the Volt takes off and yuppie trucks go the way of the dodo. And maybe this will be the year we can stop arguing about modern rail in the midwest. [And maybe I'll get a pony for Christmas!]kjmclarkhttps://www.blogger.com/profile/00490417628052004621noreply@blogger.com