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World economic gloom deepens
AFP
Friday, December 19, 2008
Evidence of global downturn deepened on Friday as oil prices plunged again, Japan slashed interest rates to near zero to stave off recession and a top banking association warned the world economy will contract in 2009.
The price of New York oil dropped to below 34 dollars a barrel — the lowest level since 2004 — as weak global demand overshadowed a record cut in output that was announced this week by the OPEC cartel of major oil producers.
“The global recession continues to sap demand… Even after OPEC cut production by more then two million barrels, oil prices have fallen below the 40 dollar per barrel level,” said BetOnMarkets analyst David Evans.
(ARTICLE CONTINUES BELOW)
Speaking on the sidelines of an oil conference in London, OPEC head Chakib Khelil said the cartel, which includes the world’s biggest producer Saudi Arabia, would continue cutting output until the price stabilised.
British Prime Minister Gordon Brown, who has complained about major producers pushing up the price of oil, told the conference that price volatility was “in no-one’s interest” and called for greater stability.
Prices have plunged since record highs of 147 dollars per barrel in July.
The downbeat mood was reflected on European stock markets, with the FTSE 100 in London plummeting 2.54 percent in afternoon trading, the Frankfurt DAX plunging 1.79 percent and the Paris CAC 40 index down 1.76 percent.
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10 Responses to “World economic gloom deepens”
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December 19th, 2008 at 3:39 pm
US Constitution Is Not Inspired By Divinity
It’s striking that so few truly understand the basis of our Constitution. Arguments that the Constitution is somehow a divinely-inspired document show either a lack of education as to the ideas and principles behind the tenets of the document, or a deliberate attempt to pervert the true intent of the philosophies behind the Constitution. In no way are the Constitution or the Bill of Rights Christian documents. The philosophical underpinnings of each of these documents stem from Locke and Cooke, primarily Locke.
Read the rest - http://beholdtheforce.blogspot.com/
December 19th, 2008 at 5:15 pm
To Sense: anyone with a decent education knows what you post. There is no need to place your comment in every article.
December 19th, 2008 at 5:20 pm
TOO EVERYONE HEAR WHO KEEPS CRYING ABOUT BUSH AND CHENEY.
SHUT YOUR PIEHOLE AND DO SOMETHING TO CHANGE THINGS IN THIS COUNTRY.
ALL OF YOU KEEP YAPPING ON AND ON ABOUT BUSH n CHENEY NEED TO BE ARRESTED.
BUSH n CHENEY AND THEIR FRIENDS CONTROL THIS COUNTRY n THE REST OF THE WORLD.
LIKE IT OR NOT, THAT IS THE FACT.
EITHER START A REVOLUTION AND START YOUR OWN GOVERNMENT AND CONFRONT THESE CRIMINALS OR…
GO BACK TO YOUR LITTLE PATHETIC LITTLE LIFE AND KEEP ON POST ARTICLES THAT BARELY REACH ANYBODY EXCEPT WHO KNOW ABOUT THESE WEBSITES.
WHAT YOU HAVE BEEN DOING SO FAR IS NOT WORKING AS YOU SEE, IT HASN’T EVEN CAUSE A DENT IN THERE PLANS. TRY START SOMETHING DIFFERENT, LIKE……
MAKE MILLIONS OF COPIES OF LOOSE CHANGE, FABLED ENEMY’S, ENDGAMES AND OTHER GREAT DOCUMENTARY’S, AND GO INTO MAJOR CITIES, AND PASS THEM OUT. MAYBE NEW YORK KNOWS ABOUT YOU ALL, BUT THE REST OF AMERICA HAS NEVER HEARD OF YOU.
HOLD MEETINGS, DISCUSS WHAT’S GOING ON AND OVERTHROW THESE SCUMS.
FAMILY AND FRIENDS AND PEOPLE YOU KNOW THAT ARE IN LAW ENFORCEMENT, MILITARY INFORM THEM TO WHATS GOING ON. GET THEM ON YOUR SIDE AND START A DAMN REVOLUTION.
IF YOU DON’T WANT TO DO THIS, KEEP YOUR MOUTH SHUT AND STOP WASTING YOUR TIME POSTING ARTICLES ON WEBSITES THAT BARELY ANYONE KNOW ABOUT IT, BECAUSE IT IS NOT WOOOOOOOOOOORKING!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
December 19th, 2008 at 5:43 pm
Hey “Sense”, who cares what you think about divinity, (as if a SECULAR document needs to be approved by “God” you wacko religious nut), stop SPAMMING this site you Loser!!!!
December 19th, 2008 at 7:27 pm
Gloom deepening? Not to those of us that have put up with everybodies sheep mentality all our lives. Can’t wait. Roll the collapse on. Who’s scared of no government? Not me. It’s about time. Once you know, these people have to go. Their institutions have to go. Their whole slave system has to go. And it’s going to. And yes, the constitution is a bit of paper and belief in bits of paper is how we got in this mess in the first place. Be moral and govern yourself. It’s easy… do what’s right. Well mostly it’s easy! The tyranny is ending… not starting. Unless you choose the side of darkness and depravity. It is death or freedom. No doubt about that. And you know what…. I don’t much care.
December 20th, 2008 at 1:42 pm
Everything’s going to plan!
December 20th, 2008 at 2:03 pm
americans get ready
many of you will lose your jobs
you will also lose your savings
your pention plans are in death rattle
gas will be under a dollar but will you have a dollar?
how much will those us bonds be worth?
can t cash them during a bank holiday
you ve got gold you say
government will confiscate it
if you are lucky you will be able to keep your home
but will you be able to get energy to heat it?
welcome to change you can believe in
December 20th, 2008 at 8:07 pm
william b travis i think you are on to something,these elite are crashing the economy of the planet in order to bring in the next phase of change,are there any people with completely different ways to stuff up ‘their’ plans for world control?i think that many different plans being rolled out at once by many different parts of the planet is what is needed[not violence]as they are fully prepared for that ,and in fact are ‘banking’ on it in order to bring in their’ new order,please try and get along with each other as we [most on this site] are on the same side,don’t be divided and conquered.
December 20th, 2008 at 9:00 pm
Unemployed 12-17-08
I was a Once great Well Driller. Time to go on a REVOLUTION. FUck this crap! people need to get the ball rolling, I talk to everybody I know, I have changed minds in people I know, I do not know if there friends are taking a look, but start telling everyone you know that this the time where we either fight, or lay down like a dog.
Grab your guns people, only rod and staff you will have until god comes. He doesnt take people that where the mark of the beast. Sick of this, no one deserves to be fucking homeless, and in a bread line, wait until it happens to you SHEEP. Don’t come to my door I have a giant boom stick
December 21st, 2008 at 9:38 am
STABILISED FOR WHO!