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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: ChanceIs who wrote (187391)	3/1/2009 4:51:10 PM
From: Smiling Bob	Respond to of 306849

Inflation will undoubtedly come. But with the way Washington's moving, I don't see any significant energy taxes taking effect so quickly. Industrial crude demand will probably take a steeper drop than expected, as everyone seems to be underestimating the slowdown's severity. Expecting just 6% decline? The consumer fought through $4 gas and is seeing a reprieve with $2. They'll survive with $3 next Dec- if that were the case. The key in the car and at home is conservation. And we've got global warming on our side. Increased electricity prices will force consumers to rethink how they use and produce this resource that's taken for granted. We are not entitled to water or electric. The market will dictate demand and prices. If govt wants to tax, so be it. If consumers or power companies find it to be a burden, the tax revenue will seek its level as we adapt. Oil producers will figure out how to operate in the new environment. My electric bill's about 50 per month and water comes from a well, so I may be biased. I'm exploring setting up a solar farm on the property. We should be doing everything in our power to bring the cost of AE down. 500k's out of my league. As Jim Rogers says, we need to bring ourselves closer to self sufficiency, from the govt and the oligopolies. Why should we be slaves to them anymore than the banks? (I'm not talking about the obvious taxes) --- Inside the Solar-Hydrogen House: No More Power Bills--Ever A New Jersey resident generates and stores all the power he needs with solar panels and hydrogen By David Biello EAST AMWELL, N.J.—Mike Strizki has not paid an electric, oil or gas bill—nor has he spent a nickel to fill up his Mercury Sable—in nearly two years. Instead, the 51-year-old civil engineer makes all the fuel he needs using a system he built in the capacious garage of his home, which employs photovoltaic (PV) panels to turn sunlight into electricity that is harnessed in turn to extract hydrogen from tap water. Although the device cost $500,000 to construct, and it is unlikely it will ever pay off financially (even with today's skyrocketing oil and gas prices), the civil engineer says it is priceless in terms of what it does buy: freedom from ever paying another heating or electric bill, not to mention keeping a lid on pollution, because water is its only by-product. -- Opec crude demand to drop 1.7 mb/d in 2009 Sanjay Jog Posted online: Feb 15, 2009 at 0003 hrs MumbaiThe global oil demand continues to contract in the current meltdown. Organisation of the Petroleum Exporting Countries (Opec) in its monthly oil report for February released on Friday, has revised down demand for Opec crude by 0.2 mb/d. Which reflects lower than expected growth in world oil demand. The required estimated Opec crude is now at 29.2 mb/d, a decline of 1.7 mb/d from the estimated 2008 figure. In quarterly terms, demand for Opec crude is now expected at 29.7 mb/d, 28.7mb/d, 28.8 mb/d and 29.6 mb/d respectively. Demand for crude in the first three quarters shows a strong decline of around 2.0 mb/d compared to the same period last year while the fourth quarter is expected to decline by around 1.2 mb/d. On the other hand, non-Opec supply is projected to average 50.89 mb/d in 2009, an increase of 0.55 mb/d over the estimate for last year and a downward revision of 30 mb/d from the previous assessment. On a quarterly basis, non-Opec supply is expected to average 51.06 mb/d, 50.72 mb/d, 50.64 mb/d, and 51.15 mb/d respectively. World oil demand has continued its steep decline from last year and is expected to follow this strong negative pattern at least for the first three quarters of the year. Oil demand in OECD (Organisation for Economic Co-operation and Development) countries is experiencing a steep decline resulting from the region’ s economic depression. Demand in Oecd countries, North America, Europe, and the Pacific declined by 1.2 mb/d y-o-y in January. However, the positive growth in non-OECD demand reduced the world decline to only 0.7 mb/d. Although the OECD regions in general are colder than average by 10%, which led to more demand in heating oil and kerosene, slowing industrial production has suppressed consumption of industrial fuel. As a result of global slump, world oil demand has been revised down a further 0.4 mb/d to show a total decline of 0.6 mb/d in 2009 to average 85.1 mb/d. The decline in OECD is expected to fall by half a million barrels per day as a result of an improved outlook in the second half of the year . Furthermore, non-OECD oil demand will add another 0.6 mb/d to annual growth in the second half of the year. North America forecast to decline by 0.6 mb/d in 2009. Developing countries growth revised down by 0.1 mb/d to show a growth of 0.35 mb/d. Other Asia projected to grow by just 0.6% in 2009.