10,000+? For how long?

[Charles]

Originally Posted by d-ray657

I'm thinking class action then. The only problem is that most of the experienced anti-trust lawyers are business lawyers. Private anti-trust litigation is most often business against business, with both sides wanting more control of the market. In this case the greatest harm is to the consumers. I would love to see the fat cats pay.

Regards,

D-Ray

As long as the powers that be can keep us rubes convinced that the one party system is actually two, I don't expect much meaningful change.

Chas

[merrylander]

Originally Posted by Charles

As long as the powers that be can keep us rubes convinced that the one party system is actually two, I don't expect much meaningful change.

Chas

That's why they are called left wing and right wing, two wings, one bird.

[Fast_Eddie]

Dow is down 18 as I write this. CNBC just reported that the problem is that taxes are too high. Damed liberal media.

[BlueStreak]

Up another 168 points this morning. Probably fueled by the beginning of the Holiday shopping season, would be my guess. I expect it might drop a tad after the After New Years sales are over.

Anyone think maybe the rights worst fear is that the economy WON'T crash next year?

Dave

[Fast_Eddie]

Closed over 10,400 mid last week and then sold off a bit. So only really up 80 or so from there today (so far) on light volume. So it's not like everyone is rushing in. Still, up all the same. I'll take it.

[hillbilly]

Originally Posted by BlueStreak

Up another 168 points this morning. Probably fueled by the beginning of the Holiday shopping season, would be my guess. I expect it might drop a tad after the After New Years sales are over.

Anyone think maybe the rights worst fear is that the economy WON'T crash next year?

Dave

I may be looking at this wrong but this mornings news here on NBC said we just may face high gas prices again soon. The last time it went through the roof was sposed to been because of supply and demand, but this time they say it's because gas sales are down do to less people driving and they are losing money because of it.

When gas gets out of reach, everything from goods, food, to utilities goes up with it. I remember when our 130.00 light bill turned into 500+ when gas went up last time. It's trickled back down to under 200.00 a month now ( still to high but better than 500 ), but if gas goes up again, so will the light bill. At least thats what Middle Tennesseean's have noticed. Why else would everyones light bills more than double? They told people it was because of the waste spill they had to clean up, but folks had already seen 100 or more a month spikes in their bills before the spill happen.

Any time people can't afford gas and everything else that goes up in costs because of gas prices, they have no money to spend.They also must choose between making their house payments or buying gas to get to their jobs to be able to feed their kids. Thats an awefull choice for folks to have to make. With the thought of people out of work, and many of the ones who are working barely making it doing the best they can at this point, it makes me think just how bad it'd be next time with many folks already down. I'd hate to see another crash period, but it'd be really bad to see another one when this country hasn't even got back on track yet. Scary thought.

[BlueStreak]

I don't understand what the price of gasoline has to do with your electric bill going up so much. I can see some, but THAT much? Most electricity in this country is either generated from coal, or nuclear energy. And coal is transported to powerplants by train, a far more efficient method than delivery by truck. As I understand it, pretty much all trains are driven electrically, by an on board diesel generator powering electric motors. (Hybrids, basically.) So, I would think petroleum costs wouldn't affect electricity generation nearly as much as other industries.

I know, I'm off topic, but this is just a thought that struck me while I was reading your post.

Dave

[Boreas]

Originally Posted by BlueStreak

I don't understand what the price of gasoline has to do with your electric bill going up so much. I can see some, but THAT much? Most electricity in this country is either generated from coal, or nuclear energy. And coal is transported to powerplants by train, a far more efficient method than delivery by truck. As I understand it, pretty much all trains are driven electrically, by an on board diesel generator powering electric motors. (Hybrids, basically.) So, I would think petroleum costs wouldn't affect electricity generation nearly as much as other industries.

I know, I'm off topic, but this is just a thought that struck me while I was reading your post.

Dave

Here's the breakdown from DOE:

Coal 44.4%
Natural Gas 23.2%
Nuclear 20.4%
Hydroelectric 7.1%
Petroleum 1.1%
Other 3.6%

That "Other" category is the disturbing one. It tells us that less than 4% of all power generated in the US comes from solar, wind, geothermal, pyrolysis and all other "alternative" sources combined.

John

[BlueStreak]

Right, so coal would be the only thing on this list, other than petroleum that is actually transported on a vehicle of some sort. Well, there is nuclear fuel, but as I understand that is transported primarily by rail as well. The rest are all delivered by pipeline, or natural forces--waterfall, wind, and sunshine, and the product is delivered via wire.

So, where does the electricity industry get off claiming they must raise prices by 50-100% because of gasoline price increases?

Smells like bullshit.

Dave

[Boreas]

Originally Posted by BlueStreak

So, where does the electricity industry get off claiming they must raise prices by 50-100% because of gasoline price increases?

Smells like bullshit.

Dave

Dave, I think where Hillbilly lives, Central Tennessee, virtually all power generation comes from locally mined coal and hydro from the TVA. If I'm right gasoline doesn't factor in the equation at all except for the meter reader's trucks.