Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : Rat's Nest - Chronicles of Collapse -- Ignore unavailable to you. Want to Upgrade?

To: Wharf Rat who wrote (590)	6/26/2005 1:55:51 PM
From: Wharf Rat	Respond to of 24214

Energy crisis fear over oil By Michael Martinez June 26, 2005 From: WORLD stock markets fell as oil prices ended another record-breaking week on Friday, prompting fears of a global energy crisis. Oil touched $US60 a barrel in New York, with some analysts predicting it will soon test $US70. The price surge spooked Wall Street, sparking a second straight 100-point-plus loss for the Dow Jones industrial average, with sentiment dominated by concerns about energy costs eating into corporate profits. Investors overlooked decent economic news, choosing instead to focus on oil. Advertisement: Earlier, Australia's All Ordinaries Index also ended the week lower, retreating from record gains the week before. The materials and financial sectors were the hardest hit, while the property sector also fell sharply. Elsewhere, European stocks fell as markets absorbed the bad news about oil. In Japan, where shares were also down, the Economy Minister warned oil prices could disrupt promising signs of an economic recovery. World oil supplies are tightly stretched and production is currently running close to capacity. Any disruption to supply, due to political unrest in the Middle East or Nigeria for example, could lead to an abrupt shortfall. ANZ analyst Daniel Hynes said the surprise rise had "almost purely been built on supply disruption fears". Oil prices are nearly 60 per cent higher than a year ago, though still below the inflation-adjusted high of $US90-plus a barrel set in 1980. In the US, where interest rates are also tipped to rise this week, transportation and manufacturing companies - considered the most oil-dependent - were hardest hit, though the selling was spread throughout the market as crude oil futures threatened to top the psychologically significant $US60 per barrel barrier for the second day in a row. "The crude situation is a big concern right now," said Brian Williamson, an equity trader with The Boston Company Asset. "People aren't really looking at the economic numbers." The Dow Jones industrial average fell 123.60, or 1.19 per cent, to 10,297.84, after plunging more than 166 points in the previous session. finance.news.com.au

To: Wharf Rat who wrote (590)	6/26/2005 2:08:28 PM
From: Crocodile	Read Replies (3) \| Respond to of 24214

Save your cherries for a higher use than burning; furniture, etc. Cherry is a valuable wood. The carrying yoke, and much of the other trim on my canoe is cherrywood - its very strong and quite light. Black cherry grows in small groves on a few places around the farm and i just let it grow unless one gets knocked over in an ice storm. There is a huge grove of Black locust at the back of the farm -- related to acacia I believe. Mother Nature's "razorwire". No need to worry about people wandering in through the back of the property where it grows. <g>