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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: Knighty Tin who wrote (221697)2/16/2003 12:27:37 PM
From: James F. Hopkins  Read Replies (1) of 436258
 
It's likely more difficult to get people to buy when
things get cheap. Not only do they think something
must be wrong with anything that's cheap, also there is
the problem that by the time things do get really cheap
the majority haven't any spare money left to buy with.
--

I'm not sure I'll live long enough to see it, but
one of these days a really big break through in harnessing
energy will happen. When it does the cost of producing
almost every thing will fall dramatically and a new
age of growth will out do anything ever even dreamed of.
( mining gold would get so cheap that it would lose
it's luster )
This could be a long way off, and it will be fought
by the powers who want to maintain the Status Quo.
So meanwhile OIL is king, and it's price will tell us
where we are headed.

We definitely need oil under $30 a bbl , $25 would
be much better, and $20 or under would set up a new bull
run. Low Interest rates suck hind tit to the cost of
energy.
Jim

PS
( When working as a cargo super I did a look see,
at a time oil was $22bbl , and bunker was $12 to
$14 depending on the grade, but even then the cost of
Fuel to operate a super tanker was more than the
cost of the Labor, so all the shit about "high labor
cost being a problem is just that , pure right wing BS.."
Most every Ship I was on was financed at an inflated
price too..just like homes are today, but maybe worse
The interest charges ran neck and neck with labor
cost.

Sort of like a 100K home has about 40K labor in it, but
another 100K is tagged on when you add the discount
points and interest on a 30 yr mortgage.
--
Jim
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