Actor David August's blog about everything that isn't news about his work nor about acting in Los Angeles or acting in Chicago.
Wednesday, June 28, 2006
Monday, June 26, 2006
Sunday, June 25, 2006
Thursday, June 22, 2006
LoveSac Double Kid Fling
Sunday, June 18, 2006
Saturday, June 17, 2006
Gas Prices and Supply and Demand
OPEC is producing the same amount of oil as when prices were lower, therefore there are not supply shortages: "In view of sufficient supply in the global markets, I do not expect a change in the (OPEC) production level" (UAE Oil Minister Mohammed al-Hamli quoted in the Washington Post, May, 29, 2006: http://www.washingtonpost.com/wp-dyn/content/article/2006/05/29/AR2006052900249.html). And while demand may have spiked a little, it hasn't risen the 10% in the last month or so, and 33% in the last year or so that prices have (price info from http://money-cash-funds.blogspot.com/2006/05/cost-of-gas-and-cost-of-driving.html). At the same time as these rather sudden and extreme price hikes, petro-chemical companies post record profits, for example: "...leading the pack with the most cash [in the bank, for all Standard & Poor's 500 companies,] is Exxon Mobil Corp., which has about $36.55 billion on its balance sheet. That amount is nearly equal to its 2005 profit of $36.13 billion, which went down in history as the highest ever for a U.S. company" (Associated Press via Yahoo Finance: http://biz.yahoo.com/ap/060526/biz_wall_main.html?.v=1).