It has been awhile...

 

I have not been writing much with Blogger, but now it is the time  to write. 

We have been through much since 2019! Our World has changed so much. Many citizens of earth have died from a terrible pandemic! Economies damaged in ways we wonder if they will ever recovery to what we wanted them to be. Our supply and demand balances are coming back to what we buy and need in our lives.

High inflation is the results of the economic shut downs throughout the world. Each economy has adjusted their interest rates for their banking systems to slow down, or to bring down, inflation over time. There is no short time solution for curve inflation, but it does not last for decades. It is a short term increase! A period of less than 5 years. Then inflation cost comes down, and then interest rates decreases shortly after inflation shows a decrease in rate of 3.5% or more per year. If the US shows signs of a decrease in the inflation for 2023 by 3.5%, then there will not be an increase in the federal interest rate towards the end of 2023.

Crude Oil prices, now, are lower than $100.00 a barrel and the new range for these prices will be between $60.00-$90.00. The markets will not allow any higher prices without going into a recession. US gas prices should hold under or near $3.00 national average in the upper $90.00 a barrel, and lower at $2.35 at the $60.00 a barrel. Diesel prices will also be decrease to within range of gas prices, about a $0.50 per gallon difference.

The US should take the advantage of the lower crude oil price to fill its reserves. An increase in US drillings and pumping is very important to do, to help fill the reserves and also for export sales.

This is much to take in and think about! There is no democrat or republican thinking here! Just common sense thinking!

Crude Oil Free Fall

http://1dharmic.wordpress.com/2014/12/24/free-fall-crude-oil-prices/  This is my other blog to read.

The New Year So Far...

This new year is...higher gasoline prices, increase food cost and more unemployed at the same time job gains. So what is up with all this? I can not really say! The economy is either growing or not growing!  We still have a long way to go to have the economy moving since the Clinton Era.
I hope to see a  better economic growth this year.  Maybe a 10%! Give or take a few percentages. But to do this is to have job growth and more spending money for all Americans. To have spending money is to cut some of the taxes and cut the budget in key areas where it is need and not wanted.
For now we need to have lower gasoline prices to last year's average of $2.65 for reg. unleaded. This will help! But as you have noticed the average remains around $3.00 for reg. unleaded and it is slowing the economy down alot. Not to many Americans are going out as much as they did. Less restaurant business.
Now we  look at the food cost that is rising a bit. This means less donation to food pantries and less food to have at home.
The only thing I see is this year will be less growth than last year. Last year was not that great!

Our President!

We all have to work with the President to get America back on track . Our economy will strive and strain for awhile, but the Stimulus Package will work! It takes time and patience from all!
The Parties will have to work together and leave all partisan alone until the economy of the United States grows and employment level increases. We have too many citizens losing their jobs and homes right now. These citizens are voters for all who are elected to their positions.
we have no fear! So..."We only have hope!" in the rebuilding of our economic status in the world.
Let's not expect any high cost of fuel for our vehicles this coming spring and summer! The prices for the fuel should be around $1.85 and $2.00 a gallon for regular unlead all this year and the following year until the economy stabilizes enough for any increase in crude oil prices! Any increase in the crude oil prices will only hinder any hope for the economy to rebound in the next three years. The dollar needs to gain its value to offset any increase in prices, and of inflationary intentions in the markets.
The markets will rebound and the people will have faith in and of reinvesting money in the markets in the few years, only when the dollar gains value and inflation in kept under control.
Give the President's plan time to work and let go of some of the earmarks so that we all don't pay for things that really did not need to be! Too many earmarks destroys any plan for growth in this Nation!

My Opinion!

With the stimulus package signed. Now it is time that we freeze the crude oil prices so that there is no increase in the prices and profits from the suppliers of the life line of this Nation. The prices for regular gasoline should drop to around $1.60 per gallon to help get the economy a boost for the next three years.
If the price of crude goes up. The economy will never get moving in the direction it needs to go. This in turn will hinder the world's economy overall. The road will be rough as the economy re-adjust to the package that is laid to create jobs and to reconstruct our infrastructure within the Umited States. It will take sheer determination of all Americans through all political ideologies and parties to get this Nation upon its feet and have the proudness it alsways have had in the pass.
Our Nation is still a young Nation in heart and has hope and faith in its future course of direction.
Now we are at a stand still and shock of the failing economy. But the economy WILL rebound!
Time and patience is what we need! So let us not see the crude oil prices rise as the Stimulus Package is in game!