Update on Heating Oil and China Growth

Over the last two days there have been two follow up articles in the NY Times to my post from Monday: The Fuel Cost Balance.

Home Energy Prices are expected to Soar by Jad Mouawad
Some of the fun tidbits:

  • Heating oil is 36% higher than last year (and last year was expensive)
  • Locked in prices aren’t being offered like other years
  • The average heating bill in New England is set to rise by as much as $1500
  • The impact will start to be felt by September and October creating an election impact
  • Lehman Brothers predicts $90 barrel of oil by the start of next year

Senator Bernie Sanders, Independent of Vermont, said before the vote,
“The economy is tough, and the reality is that we will have people
freezing to death this winter if there is no substantial increase in
Liheap funding.”

Booming China Suddenly Worries That a Slowdown Is Taking Hold by Keith Bradsher
Some of the fun tidbits:

  • The post Olympics slow down has already begun (the actual games don’t factor that much into the actual economy but it is a mental perspective)
  • China’s growth is slowing from 11% to 9% – that is still tremendous growth
  • 1.3 Billion people
  • The Southern parts of China are feeling it first. That is where many consumer goods are made
  • The northern parts of China are doing fine so far. That is where more industrial good are made
  • The earthquake doesn’t appear to have hurt the economy
  • The Chinese infrastructure is built for efficiently moving goods and it is just now starting to open up many parts of China

“People have made huge investments in the infrastructure, and it’s not
just the physical infrastructure,” Chris Woodard said. “It’s all the training and
people development.”

About benleeson
My name is Ben Leeson. I currently work for a large financial company in IT. I went to school at Marist College in Poughkeepsie, NY. I graduated with a B.S. in Business Administration concentrating in HR. Professor William Brown taught me and I enjoyed his classes; even acquiring an appreciation for just about all things HR. I didn’t pursue a job in that field after college but I’ve kept up with it. This blog will further my fascination with all things HR. I hope to grow my knowledge of the area through thoughtful writings and spirited feedback. I will attempt to have a fairly routine style so anyone reading can come to expect certain segments. Please excuse my incorrect grammar and occasional misspelling.

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