Our economic perturbations become more bizarre every day.
Events are moving faster all the time. Some are highly visible such as the falling stock markets, the steadily rising unemployment numbers and the drumbeat of global gloom and doom emanating from the media.
Six months ago in the News-Press‘ Summer 2008 Real Estate guide, seven realtors familiar with the Falls Church housing market shared their thoughts on the state of the market.
Someday peak oil will be about high gas prices and lines at the pumps, but for the time being it is mostly about numbers – lots and lots of numbers.
A few years ago, peak oil was relatively easy to understand. At some point in the future, and estimates varied as to exactly when, oil production was going to start declining due to a combination of geologic and geopolitical factors, prices were going to rise precipitously and a massive civilization-wrenching […]
If you don’t understand what is going on with the price of gasoline and demand for the world’s oil supply, then join the club.
Thus far, last week’s OPEC production cut of 1.5 million barrels a day (b/d) has done little to stem the slide in oil prices.
For weeks now the stock markets and commodity prices have been falling. Oil is currently trading around $76 a barrel which is close to a 50 percent drop since the middle of July.
There’s good news and bad news about the war in Iraq as it reaches a critical turning point with the end of the so-called military surge that brought an additional 30,000 troops to Iraq 18 months ago, and as the war becomes a key issue in the U.S. presidential campaign.
For the first time in our 17 and a half years of publication, the Falls Church News-Press has produced a special 16-page “Real Estate Report” that is included in this edition and will also be available on News-Press newsstands for the entire month of August.