Monday, August 11, 2008

Georgia / Russia conflict

It seems the Georgian / Russian conflict is escalating.

Don't forget nw, Georgia is a friend to the U.S.

Could this drag us into another armed conflict?

With a major pipeline of oil and natural gas going through Georgia AND now Russian stocks are on the decline, let's see what's tragic event happens next?

The dow should drop lower this week. There are two tropical storms developing.

Saturday, August 9, 2008

Civil unrest as I predicted

on August 5th I predicted that there would be civil unrest in an area that refines, produces or transports (pipeline) oil.

We have seen recently what is happening Between georgia and Russia.

The gas and oil pipelines that run through Georgia are of strategic importance to Western Europe because they reduce dependence on Russian supplies and do not cross Russian territory.

Two major pipelines take supplies from the oil and gas fields in the Azeri region of the Caspian Sea through the Georgian capital of Tbilisi. From there they head south, away from the breakaway South Ossetia region and into Turkey, then onwards into the European Union.

Civil unrest near major oil and gas pipelines

As most of us have seen on the news, Russia and Georgia are fighting.



The gas and oil pipelines that run through Georgia are of strategic importance to Western Europe because they reduce dependence on Russian supplies and do not cross Russian territory.
Two major pipelines take supplies from the oil and gas fields in the Azeri region of the Caspian Sea through the Georgian capital of Tbilisi. From there they head south, away from the breakaway South Ossetia region and into Turkey, then onwards into the European Union.

Tuesday, August 5, 2008

Everything is okay now, or is it?

Stocks are climbing, oil is falling, but thousands of families are still losing their homes and thousands more are losing their jobs.

Somewhere there will be unrest in an area that supplies a lot of oil, refines oil into gas or allows for the transporting of oil (pipelines).

Do not get too excited for now. It's going to be a long hard road ahead. When you start hearing of houses in the area staying on the market for over a year now even with a $20K decrease in the asking price, you have to face reality that this economy is failing.

Retail stores cutting back, closing stores. Hotels half full. Flights reduced, airline rates climbing.

We have a ways to go. I predicted that oil would hit $145 a barrel and I still hold my ground on that prediction.

We will also see at least TWO major hurricanes hit the east or gulf coast. I'm thinking more likely the Gulf coast.

By this Friday (Aug 8), stocks should plummet, the Dow should dip down to about 11,100.