Like the illusion of Wall Street, with its vast and powerful investment banks, now shuttered, China too is an illusion perpetuated by the Globalists that gave us the 15,000 mile Caesar salad, poisoned cat food and lead based paint on babies' pacifiers. Like the illusion that money would come from thin air to always push housing prices higher, China has spent a generation pursuing its illusion. Pursuing an unattainable dream to be like the West, while 6000 years of its carefully shepherded top soil blows into the sea.
“The market has been completely turned on its head this summer,” said Andrew Heaney, who runs a New York heating oil cooperative, Heat USA. “I’ve been in this business for 15 years, and this is the most volatile we’ve ever seen.”
A recent editorial in a small-town Vermont newspaper warned of calamity. Record heating oil prices “could be New England’s own Katrina disaster,” wrote The Stowe Reporter.
“The cost of energy is getting out of reach,” said Mark Wolfe, the executive director of the National Energy Assistance Directors’ Association, which represents state programs offering help to poor households.
“It’s not just going to affect poor people, but also moderate to middle-class households. People are going to become more impoverished to pay for heating this winter.”
Heating oil retailers face another problem. Given the nation’s credit crisis, many say they are finding it hard this year to get new credit lines from banks to help them cope with the rise in prices. As a result, they are not building inventory as much as they would in a normal year, Mr. Gilligan said. “The cost of hedging has become very pricey,” he said.
“People are going to have a tough time,” said David Moody, the dispatcher and a driver at Flynn’s Oil Company, a small distributor in Exeter, N.H. “We are trying to avoid having angry customers. Having angry customers before the start of winter, well, that’s not good business.”
_________________ Cogito, ergo non satis bibivi
C'mon man, who're you gonna believe?
Joined: Aug 03, 2007 Posts: 4537 Location: Boston Suburbs
Posted: Fri Aug 08, 2008 1:44 am Post subject: Re: NYT: New England’s own Katrina disaster - heat
Yep, I'm expecting to blow a lot of my savings from living with my parents on subsidizing their heating bill this winter. After this next year, they are on their own and I'm off to homestead-land. If they don't fix this place up and sell it, it's their white elephant. _________________ As long as I am around, there are no worries we have reached "Peak Words"
Posted: Fri Aug 08, 2008 2:06 am Post subject: Re: NYT: New England’s own Katrina disaster - heating prices
Plantagenet wrote:
Obama's energy plan will help.... he will give every family $1000 to help with the high energy costs.
do I smell a little bit of pandering going on here?
It is my observation that ALL the "energy plans" that were ever proposed have one thing in common, the assumption that the good times will keep on rolling.
Actually there was Jimmy Carter who told the truth by using words like "sacrifice, unpopular, inconvenience" first 2 minutes
//
If the government pays my energy bill, that just means a part of my money that normally would of gone to energy can now instead be used to buy beer, porn, and cigarettes.
Posted: Fri Aug 08, 2008 2:39 am Post subject: Re: NYT: New England’s own Katrina disaster - heating prices
cube wrote:
Plantagenet wrote:
Obama's energy plan will help.... he will give every family $1000 to help with the high energy costs.
do I smell a little bit of pandering going on here?
It is my observation that ALL the "energy plans" that were ever proposed have one thing in common, the assumption that the good times will keep on rolling.
Actually there was Jimmy Carter who told the truth by using words like "sacrifice, unpopular, inconvenience" first 2 minutes
//
If the government pays my energy bill, that just means a part of my money that normally would of gone to energy can now instead be used to buy beer, porn, and cigarettes. FOOD and GAS.
Joined: Apr 09, 2007 Posts: 6352 Location: Alaska (its much bigger than Texas).
Posted: Fri Aug 08, 2008 9:48 am Post subject: Re: NYT: New England’s own Katrina disaster - heating prices
The Alaska state legislature just voted to give every person in Alaska $1200 to help with higher energy costs here, and Obama is promising to give $1000 to every "working family" in America if they vote for him and he wins....
How long will it take for the states in New England to come up with some cash to give to their people to help with their high heating bills?
Joined: Aug 03, 2007 Posts: 4537 Location: Boston Suburbs
Posted: Fri Aug 08, 2008 3:18 pm Post subject: Re: NYT: New England’s own Katrina disaster - heat
cube wrote:
do I smell a little bit of pandering going on here?
It is my observation that ALL the "energy plans" that were ever proposed have one thing in common, the assumption that the good times will keep on rolling.
Obama's most recent speech is pretty f-n sober, and not that far off from Carter's 1970s speech. He's offering a short-term gimme because it's political suicide not to, but he also is warning people that change is gonna come and it won't be without necessary sacrifices. _________________ As long as I am around, there are no worries we have reached "Peak Words"
The problem is that heating bills will drag the middle class, which is NOT eligible for emergency programs like this, down to the poverty line. _________________ As long as I am around, there are no worries we have reached "Peak Words"
Posted: Mon Aug 11, 2008 9:25 am Post subject: Re: NYT: New England’s own Katrina disaster - heat
mos6507 wrote:
Obama's most recent speech is pretty f-n sober, and not that far off from Carter's 1970s speech. He's offering a short-term gimme because it's political suicide not to, but he also is warning people that change is gonna come and it won't be without necessary sacrifices.
MMM tasty sacrifice _________________ Tired of high gas prices? Then stop driving to work, duh..... Learn to Work from home
Posted: Mon Aug 11, 2008 9:28 am Post subject: Re: NYT: New England’s own Katrina disaster - heating prices
Rural California is a slow-motion disaster playing out right now. The fires still burn across the state and people are living in a smoky cloud with asthma etc. It will be a scandal but not yet. _________________ ree rah rip ram. sunofabitch godamn. hidey didey christ almighty. rah rah crap
Posted: Mon Aug 11, 2008 10:29 am Post subject: Re: NYT: New England’s own Katrina disaster - heating prices
I'm already committed to $1000 to keep my blue haired mother warm this coming winter.
As far as the gubment handouts, they spell disaster for democracy as the people learn they can simply write themselves a largess from the public treasury. _________________ If you want a picture of the future, imagine a boot stamping on a human face--for ever."
-George Orwell, 1984
Posted: Mon Aug 11, 2008 2:25 pm Post subject: Re: NYT: New England’s own Katrina disaster - heating prices
Tyler,
For your sake and all my Yankee cousins I hope you're correct in your expectations for Jan FO prices. Right now a 3 month running average would project prices above $4/gal in Jan 2009. Not that all trend lines run for ever. Supply/demand and temperature will ultimately determine if the trend line holds.
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Then stop driving to work, duh..... 
ree rah rip ram. sunofabitch godamn. hidey didey christ almighty. rah rah crap 
