Is a fuel crisis coming in Europe??
Mar 17th 2004, 9:18 am
#46
Guest
Posts: n/a
Re: Is a fuel crisis coming in Europe??
On Wed, 17 Mar 2004 12:42:25 +0100, Earl Evleth wrote:
> So the US national saving rates hover around 0-4% and the French rate
> is about 15%. I don`t know about other European countries?
With savings accounts having interest rates that are close to zero (and
the little you actually make being taxed as income), there is really very
little reason for Americans to put money in savings. Those savings stats
don't generally include stocks, bonds, and other investments.
> An 11th commandment should have been added "thou shalt not go into debt".
It used to be that way - it was less than a century ago that the average
American was a tenant laborer, because they couldn't (or didn't want to)
borrow money to own homes or businesses. The rich people who actually had
money (and thus property and business) made out like a bandit from that
type of thinking, and I'm sure they would have loved to have seen such a
commandment.
--
-BB-
To reply to me, drop the attitude (from my e-mail address, at least)
> So the US national saving rates hover around 0-4% and the French rate
> is about 15%. I don`t know about other European countries?
With savings accounts having interest rates that are close to zero (and
the little you actually make being taxed as income), there is really very
little reason for Americans to put money in savings. Those savings stats
don't generally include stocks, bonds, and other investments.
> An 11th commandment should have been added "thou shalt not go into debt".
It used to be that way - it was less than a century ago that the average
American was a tenant laborer, because they couldn't (or didn't want to)
borrow money to own homes or businesses. The rich people who actually had
money (and thus property and business) made out like a bandit from that
type of thinking, and I'm sure they would have loved to have seen such a
commandment.
--
-BB-
To reply to me, drop the attitude (from my e-mail address, at least)
Mar 17th 2004, 9:35 am
#47
Guest
Posts: n/a
Re: Is a fuel crisis coming in Europe??
Keith Willshaw writes:
> Care to provide a list of countries that dont have bankruptcy laws ?
France.
--
Transpose hotmail and mxsmanic in my e-mail address to reach me directly.
> Care to provide a list of countries that dont have bankruptcy laws ?
France.
--
Transpose hotmail and mxsmanic in my e-mail address to reach me directly.
Mar 17th 2004, 9:41 am
#48
Guest
Posts: n/a
Re: Is a fuel crisis coming in Europe??
In article <[email protected]>,
Mxsmanic <[email protected]> wrote:
> Keith Willshaw writes:
>
> > Care to provide a list of countries that dont have bankruptcy laws ?
>
> France.
I think you can aa Thailand. There may be a bankruptcy law but no asset
seizure law.
Mxsmanic <[email protected]> wrote:
> Keith Willshaw writes:
>
> > Care to provide a list of countries that dont have bankruptcy laws ?
>
> France.
I think you can aa Thailand. There may be a bankruptcy law but no asset
seizure law.
Mar 17th 2004, 10:33 am
#49
Guest
Posts: n/a
Re: Is a fuel crisis coming in Europe??
On Tue, 16 Mar 2004 12:03:17 +0100, Earl Evleth <[email protected]>
wrote:
>The article below indicates a growing diesel problem in California,
>they are special one's due to the blend. However -----.
>Earl
US Oil reserves are at their lowest winter level for years.
OPEC normally drop their prices around now ... but last week they
decided not to drop their prices. There is no oil coming out of Iraq,
the US snubbed Venezuela, the middle east has plenty of other buyers.
The US waited too long and OPEC are laughing their socks off.
Predictions are that the fuel crisis will hit the US in the summer,
either because of the high cost of buying the raw product or because
the reserves dry up.
..... no wonder Gadafi is playing mister nice guy and giving up his
(pointless) weapons program ... he will make another personal fortune
out of the oil he will be shipping to Bush's friends in the US.
Leave the SUV's at home guys ... there's not going to be enough 'gas'
to get home.
wrote:
>The article below indicates a growing diesel problem in California,
>they are special one's due to the blend. However -----.
>Earl
US Oil reserves are at their lowest winter level for years.
OPEC normally drop their prices around now ... but last week they
decided not to drop their prices. There is no oil coming out of Iraq,
the US snubbed Venezuela, the middle east has plenty of other buyers.
The US waited too long and OPEC are laughing their socks off.
Predictions are that the fuel crisis will hit the US in the summer,
either because of the high cost of buying the raw product or because
the reserves dry up.
..... no wonder Gadafi is playing mister nice guy and giving up his
(pointless) weapons program ... he will make another personal fortune
out of the oil he will be shipping to Bush's friends in the US.
Leave the SUV's at home guys ... there's not going to be enough 'gas'
to get home.
Mar 17th 2004, 1:25 pm
#50
Guest
Posts: n/a
Re: Is a fuel crisis coming in Europe??
Gadafi plays his usual role; his Dictator in Grooming Son makes up a new
role in the same old play...
Tim K
"Jose" <[email protected]> wrote in message
news:[email protected]...
> On Tue, 16 Mar 2004 12:03:17 +0100, Earl Evleth <[email protected]>
> wrote:
> >The article below indicates a growing diesel problem in California,
> >they are special one's due to the blend. However -----.
> >
> >Earl
> >
> US Oil reserves are at their lowest winter level for years.
> OPEC normally drop their prices around now ... but last week they
> decided not to drop their prices. There is no oil coming out of Iraq,
> the US snubbed Venezuela, the middle east has plenty of other buyers.
> The US waited too long and OPEC are laughing their socks off.
> Predictions are that the fuel crisis will hit the US in the summer,
> either because of the high cost of buying the raw product or because
> the reserves dry up.
> ..... no wonder Gadafi is playing mister nice guy and giving up his
> (pointless) weapons program ... he will make another personal fortune
> out of the oil he will be shipping to Bush's friends in the US.
> Leave the SUV's at home guys ... there's not going to be enough 'gas'
> to get home.
role in the same old play...
Tim K
"Jose" <[email protected]> wrote in message
news:[email protected]...
> On Tue, 16 Mar 2004 12:03:17 +0100, Earl Evleth <[email protected]>
> wrote:
> >The article below indicates a growing diesel problem in California,
> >they are special one's due to the blend. However -----.
> >
> >Earl
> >
> US Oil reserves are at their lowest winter level for years.
> OPEC normally drop their prices around now ... but last week they
> decided not to drop their prices. There is no oil coming out of Iraq,
> the US snubbed Venezuela, the middle east has plenty of other buyers.
> The US waited too long and OPEC are laughing their socks off.
> Predictions are that the fuel crisis will hit the US in the summer,
> either because of the high cost of buying the raw product or because
> the reserves dry up.
> ..... no wonder Gadafi is playing mister nice guy and giving up his
> (pointless) weapons program ... he will make another personal fortune
> out of the oil he will be shipping to Bush's friends in the US.
> Leave the SUV's at home guys ... there's not going to be enough 'gas'
> to get home.
Mar 17th 2004, 8:15 pm
#51
Guest
Posts: n/a
Re: Is a fuel crisis coming in Europe??
"Mxsmanic" <[email protected]> wrote in message
news:[email protected]...
> Keith Willshaw writes:
> > Care to provide a list of countries that dont have bankruptcy laws ?
> France.
France does have civil insolvency laws and is also
signatory to the EU Regulations on insolvency see
European Council Regulation No. 1346/2000 on Insolvency Proceedings,
2000 O.J. (L 160). The regulation is applicable to all European Union Member
States,
except Denmark).
Personal bankruptcy exists but the conditions for discharge of bankruptcy
are stricter than in the UK or USA. Essentially under the French civil law a
debtor, who in good faith becomes insolvent, may only obtain a discharge
of mortgage related debt, where the home of the debtor is sold through
foreclosure and the secured credit cannot be fully repaid from the
proceeds of this sale.
The USA is relatively generous regarding bankruptcy exempting pension
funds and varying degrees of home equity. The UK is very much
less generous, essentially ALL assets are liable to seizure.
Keith
news:[email protected]...
> Keith Willshaw writes:
> > Care to provide a list of countries that dont have bankruptcy laws ?
> France.
France does have civil insolvency laws and is also
signatory to the EU Regulations on insolvency see
European Council Regulation No. 1346/2000 on Insolvency Proceedings,
2000 O.J. (L 160). The regulation is applicable to all European Union Member
States,
except Denmark).
Personal bankruptcy exists but the conditions for discharge of bankruptcy
are stricter than in the UK or USA. Essentially under the French civil law a
debtor, who in good faith becomes insolvent, may only obtain a discharge
of mortgage related debt, where the home of the debtor is sold through
foreclosure and the secured credit cannot be fully repaid from the
proceeds of this sale.
The USA is relatively generous regarding bankruptcy exempting pension
funds and varying degrees of home equity. The UK is very much
less generous, essentially ALL assets are liable to seizure.
Keith
Mar 17th 2004, 8:24 pm
#52
Guest
Posts: n/a
Re: Is a fuel crisis coming in Europe??
"Jose" <[email protected]> wrote in message
news:[email protected]...
> On Tue, 16 Mar 2004 12:03:17 +0100, Earl Evleth <[email protected]>
> wrote:
> >The article below indicates a growing diesel problem in California,
> >they are special one's due to the blend. However -----.
> >
> >Earl
> >
> US Oil reserves are at their lowest winter level for years.
Which is the result of a policy decision by the Energy Secretary to
desist from buying oil for the strategic reserve while prices are high
> OPEC normally drop their prices around now ... but last week they
> decided not to drop their prices. There is no oil coming out of Iraq,
Incorrect, as of March 1 Iraqi oil production was back to its
pre-war levels of 2.5 million barrels per day.
> the US snubbed Venezuela, the middle east has plenty of other buyers.
> The US waited too long and OPEC are laughing their socks off.
The Venezualans have had an oil workers strike on their hands,
and their President has suggested cutting production to try and
force prices up. The US has NOT snubbed them
> Predictions are that the fuel crisis will hit the US in the summer,
> either because of the high cost of buying the raw product or because
> the reserves dry up.
> ..... no wonder Gadafi is playing mister nice guy and giving up his
> (pointless) weapons program ... he will make another personal fortune
> out of the oil he will be shipping to Bush's friends in the US.
Libyan oil predominantly goes to Southern Europe
> Leave the SUV's at home guys ... there's not going to be enough 'gas'
> to get home.
A rather silly over reaction.
Keith
news:[email protected]...
> On Tue, 16 Mar 2004 12:03:17 +0100, Earl Evleth <[email protected]>
> wrote:
> >The article below indicates a growing diesel problem in California,
> >they are special one's due to the blend. However -----.
> >
> >Earl
> >
> US Oil reserves are at their lowest winter level for years.
Which is the result of a policy decision by the Energy Secretary to
desist from buying oil for the strategic reserve while prices are high
> OPEC normally drop their prices around now ... but last week they
> decided not to drop their prices. There is no oil coming out of Iraq,
Incorrect, as of March 1 Iraqi oil production was back to its
pre-war levels of 2.5 million barrels per day.
> the US snubbed Venezuela, the middle east has plenty of other buyers.
> The US waited too long and OPEC are laughing their socks off.
The Venezualans have had an oil workers strike on their hands,
and their President has suggested cutting production to try and
force prices up. The US has NOT snubbed them
> Predictions are that the fuel crisis will hit the US in the summer,
> either because of the high cost of buying the raw product or because
> the reserves dry up.
> ..... no wonder Gadafi is playing mister nice guy and giving up his
> (pointless) weapons program ... he will make another personal fortune
> out of the oil he will be shipping to Bush's friends in the US.
Libyan oil predominantly goes to Southern Europe
> Leave the SUV's at home guys ... there's not going to be enough 'gas'
> to get home.
A rather silly over reaction.
Keith
Mar 17th 2004, 10:24 pm
#53
Guest
Posts: n/a
Re: Is a fuel crisis coming in Europe??
"Hatunen" <[email protected]> wrote in message
news:[email protected]...
> On Wed, 17 Mar 2004 12:42:25 +0100, Earl Evleth
> <[email protected]> wrote:
> It is argued that the lack of stigma to bankruptcy is one of the
> reasons for the US entrepeneurial spirit. People are unafraid to
> start innovative new businesses knowing that failure will not
> keep them down forever. In fact, some entrepeneurs pride
> themselves on being able to start now-growing businesses after a
> bankruptcy or two. The Economist has, from time to time, lamented
> the European fear of failure as being one of the stumbling blocks
> to European innovation in the broad sense as in the USA.
Very true. Even in the UK if you have one failed business then none of the
banks will ever trust you again. Which is sad. Your ideas might have been
good ones, just at the wrong time.
news:[email protected]...
> On Wed, 17 Mar 2004 12:42:25 +0100, Earl Evleth
> <[email protected]> wrote:
> It is argued that the lack of stigma to bankruptcy is one of the
> reasons for the US entrepeneurial spirit. People are unafraid to
> start innovative new businesses knowing that failure will not
> keep them down forever. In fact, some entrepeneurs pride
> themselves on being able to start now-growing businesses after a
> bankruptcy or two. The Economist has, from time to time, lamented
> the European fear of failure as being one of the stumbling blocks
> to European innovation in the broad sense as in the USA.
Very true. Even in the UK if you have one failed business then none of the
banks will ever trust you again. Which is sad. Your ideas might have been
good ones, just at the wrong time.
Mar 18th 2004, 3:45 am
#54
Guest
Posts: n/a
Re: Is a fuel crisis coming in Europe??
Following up to Hatunen
>>Why this doesn't happen in US I don't know.
>Unlike the Europeans, the US had its own oil and only stopped
>being a net exporter well after WW2.
so the European policy *was* to save oil?
--
Mike Reid
"Art is the lie that reveals the truth" P.Picasso
Walking, Wasdale, Thames path, London etc "http://www.fellwalk.co.uk" <-- you can email us@ this site
Spain, food and walking "http://www.fell-walker.co.uk" <-- dontuse@ all, it's a spamtrap
>>Why this doesn't happen in US I don't know.
>Unlike the Europeans, the US had its own oil and only stopped
>being a net exporter well after WW2.
so the European policy *was* to save oil?
--
Mike Reid
"Art is the lie that reveals the truth" P.Picasso
Walking, Wasdale, Thames path, London etc "http://www.fellwalk.co.uk" <-- you can email us@ this site
Spain, food and walking "http://www.fell-walker.co.uk" <-- dontuse@ all, it's a spamtrap
Mar 18th 2004, 3:45 am
#55
Guest
Posts: n/a
Re: Is a fuel crisis coming in Europe??
Following up to 127.0.0.1
>> Interesting article in the Village Voice about this problem.
>now that's a credible source, a rag that's given away for free!
I wouldn't judge publications on the cover price, many pricey
ones are in thrall to the advertisers and the owners.
--
Mike Reid
"Art is the lie that reveals the truth" P.Picasso
Walking, Wasdale, Thames path, London etc "http://www.fellwalk.co.uk" <-- you can email us@ this site
Spain, food and walking "http://www.fell-walker.co.uk" <-- dontuse@ all, it's a spamtrap
>> Interesting article in the Village Voice about this problem.
>now that's a credible source, a rag that's given away for free!
I wouldn't judge publications on the cover price, many pricey
ones are in thrall to the advertisers and the owners.
--
Mike Reid
"Art is the lie that reveals the truth" P.Picasso
Walking, Wasdale, Thames path, London etc "http://www.fellwalk.co.uk" <-- you can email us@ this site
Spain, food and walking "http://www.fell-walker.co.uk" <-- dontuse@ all, it's a spamtrap
