Praying for lower Gas Prices...

There was a story heading around about groups praying to lower gas prices. I scoffed. You can't really lower the gas prices the amount you can pump depends on the sources you have and even pumping as hard as we can we only get less than what we pumped back in 2006 and the rate has started to decrease. With increasing demand the price of gasoline and oil more directly is going to continue to go higher and higher without fail or end in sight.

But, the Lord works in mysterous ways. They started praying as national gas prices were at $3.53/gallon. It was near 4 dollars when the story was being picked up nationwide. Today the national gas prices have fallen below $1.80/gallon.

Wow. How did God do it?




That's the DOW Jones from May 2008 until today. Crashing the world's economy reduces demand. If you don't have a job, you don't have to drive there.

I was clearly wrong. I lacked imagination as to how gas prices could ever be lowered given increasing demand and stalled output. I figured that peak oil would crush us under the mighty and clear implications that we were wanted more of a limited resource than could be produced. I simply didn't consider crashing the world's economy.

"When the gods wish to punish us, they answer our prayers." - Oscar Wilde.

Limbo: 8579 DOW

http://money.cnn.com/data/markets/dow/

The first time in five years the DOW closed below 9,000 points. How low can it go? Well, we'll see in short order. But don't worry the fundamentals of the economy are strong. If you have stocks I recommend switching to Cocacola, Campbell soup company, McDonalds, and pretty much anything that sells really cheap food. But only after it stops losing record amounts every day. Welcome to Black October. When the stock market collapsed and Obama pretty much was guaranteed his election.