Monday, December 21, 2015

Gearing Up for Christmas . . .

We are gearing up for Christmas, as usual are sending out checks as gifts.  It is too hard for us to shop for gifts anymore.  Besides we are not ever sure what we are giving is the right thing, does it match or will it work with the other stuff the recipient already has.  So it is checks.

The weather has turned unseasonably warmer.  And wetter.  Neither is common to this area in Texas this time of year.  So we expect a warm and wet Christmas Day here.

Son Jake and his brood and dear wife Anne show up on December 27 which means Christmas number two.  We will have celebrated Christmas once already at James" dwelling.  Christmas Number Two will be at our house as that is the final destination of the Wisconsin contingent.

I wonder if they will drag cold dry weather down here with them?  Hummm.  Just a thought.

For those that do not know, we have had a record year of moisture here in Texas.  The lakes are full to the top again.  Some of us Texans have suffered flooding and that is not a good thing.  Any, and I really mean it, any rain just moves the record up another notch.  So much for Global Warming ala Climate Change, we are in the middle of a colossal El Nino'.  Some say this semi arid region could turn into a rain forest.

The price of crude oil is nearing rock bottom.  The Saudi's have effectively killed OPEC and everybody who can is pumping crude oil like mad.  Unfortunately, some like Venezuela is already at the max out and are gonna get left behind.  Others like the Iranian's now coming back on line due to our over zealous but terribly naïve President and administration have turned loose.  Some say that the Iranian equipment is so old and out of date and in need of repair/replacement Iran can not do much anyway.  But we have such lovely contingents like ISIL pumping away that that it may not make much difference.  Russia needs all the cash it can get but reduced oil prices is not helping them at all.  Non OPEC nations like Mexico do not like the lack of regulation either.  Small producers like Columbia and Ecuador will suffer terribly.  And now the US can once again export crude oil, so that will kind make it even worse.  India and China will rejoice, Japan may recover perhaps all due to low prices for Crude.

For some reason the New York Stock Exchange does not like the low crude prices and reacted with a sharp down turn.  It seems some price reduction is good, a lot is bad.  Huh?  I don't really get that.

Merry Christmas and a very Happy New Year to you all!

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