Smart Energy Alternatives

As damage assessments for Rita continue to roll in, it appears that the rigs have taken a big hit. http://www.msnbc.msn.com/id/9520571/ The storms have slashed the Gulf "almost 7 percent of its annual oil production and 5 percent of its yearly natural gas output." This is significant people. This is what is being admitted to. Is reality something different? I can't say at this point, but it would serve the interests of economic growth to reduce the fear in already jittery markets by slowing revising rosy reports than laying to truth on too quickly if it's as bad as some suspect. The article rightfully notes that "natural gas prices could soar more than fuel oil because, unlike crude oil, there are no natural gas reserves to tap." Take note of this and like we've said before . . . get our of debt and save your money. If you didn't already notice, debt is beginning to take its toll on U.S. consumers. A report released on 9/28/05 says that credit card debt overdue by more than 30 days is on the increase. http://www.msnbc.msn.com/id/9514391/ Fuel costs are being blamed. I believe it's a little more complex, as consumers have been on a debt binge for years. They've used their home equity to continue feeding on debt to support unsustainable lifestyles. It's coming time to pay the piper, or in the case . . . the banks. The new bankruptcy law ensure that.

posted by LiveWithoutLimits @ 1:17 PM