Right now we have greedy, lying, thieving, staggeringly stupid weenies owning the banks, and tomorrow there will just be two more big banks owned by greedy, lying, thieving, staggeringly stupid weenies! Hahaha!
With the gas prices nearing $4 a gallon in many parts of the US, one of the alternatives people are starting to talk about is solar-powered cars.
Google says the term “solar powered car” is one of the hottest search trends on the internet, as Americans seek alternatives to high fuel costs.
According to a recent Lehman Brothers report, the solar-powered-car revolution may not be coming anytime soon. The Wall Street bank in predicting crude oil prices at $83 a barrel in 2009 and as low as $70 in 2010.
The U.S. rates are going lower, and you can take that to the bank! OK, well…Maybe the legal beagles won’t like me saying that, so, let’s just say, I think that you should think that U.S. rates are going lower.
This weekend the president of the World Bank, Robert Zoellick, asked for $500 million in emergency aid for the UN World Food Program. “It is critical that governments confirm their commitments as soon as possible and others begin to commit,” Zoellick said. Prices have only risen further since the WFP issued that appeal, so it is urgent that governments step up.”
“Inflation is back,” reports The Wall Street Journal.
But it’s complicated, says the paper, because today’s inflation is “coming at a time of sharply reduced interest rates in the US, the opposite of the usual response to rising inflaton.”
Consumer prices in the U.S., Europe and other rich countries are projected to rise 2.6% this year, the highest inflation rate since 1995, the International Monetary Fund said Wednesday.
After years of denials $100-a-barrel oil has been recognized as a reality by Uncle Sam, reports The Wall Street Journal.
The WSJ reports that the “normally bearish” US Energy Information Administration forecasts that crude oil prices will remain above $100 this year.
Soaring demand in China, India, and Russia will continue to keep prices high. Lack of spare capacity worldwide will also continue to push up prices, according to the report.