Dave & Soda, about your post that "it's getting scary"
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I completely agree with you. I hope I'm wrong, but I think we are headed for an economic disaster.
I got burned in the last stock market crash, so for once I got lucky in that I took most of my money out of the stock market a few years ago. After reading about Regulation G, I came to the conclusion that the market is pretty much manipulated by a bunch of crooks who get inside information before the general public does and then play the rest of us for suckers.
Are you a GE employee? I don't follow its stock anymore so I don't know if that is the one that you referred to when you said the stock dropped 30%? If so, I'm very sorry to hear that. Things are getting so damn scary. From what I've been hearing, both General Motors and Ford may go bankrupt and all the airlines are teetering. Bad news everywhere . . . from the price of gas soaring, big companies closing, massive numbers of foreclosures, utility bills soaring, insurance premiums soaring, inflation starting to soar, etc. The greed of the oil companies is going to destroy our country. They own the White House, they own Congress, they will probably even own Wal-Mart some day at the rate they are going.
Just like Canada, the U.S. has more oil than all of the other countries of the world, including the Mideast countries, combined. In Canada, the oil is in tar sands. In the U.S., it's in shale. Back when oil was selling for around $30 a barrel, there were a lot of reports saying it was not cost competitive for us and Canada to extract oil from tar sands and shale (which is not as easy as traditional drilling) and would not be as cost competitive until the price of regular oil hit $65 a barrel. Well, the price long ago soared past that mark and is now at $140 a barrel, yet we still haven't even begun to extract oil from shale. At least the Canadians have played it smart, they have been getting oil from their tar sands for at least two or three years now. Not us. We just go on sending nearly a trillion dollars a year to people in the Mideast who want to kill us and destroy the United States. Probably a mere coincidence that our oil companies are making a fortune of this, right?
Now that I think about it some more, I don't agree with you that it's getting scary. It's now way beyond scary. I just hope I'm not right.
