The Tide Turns

 As the winter chill sets in (right about now) so will the growing unease, a sense of recognition, for what's in store for us in terms of the Energy Crisis.

Kunstler rightly says that the public are taking their cue from the government and media, to pretend away the problem. But in winter, the discontent will overwhelm these fantasies.

A trickle of information reveals that a change in sentiment is starting. Alan Greenspan has also revealed that interest rates were raised last month so as not to worry consumers that anything had changed, 'post Katrina'. Silly man.

Oil stocks take their cue from crude

By Lisa Sanders, MarketWatch
Last Update: 12:09 PM ET Oct. 11, 2005

NEW YORK (MarketWatch) - Oil stocks recovered Tuesday, as crude futures climbed on the latest reduction to world oil supply forecasts.

The International Energy Agency trimmed its outlook for global oil demand growth by 90,000 barrels a day, but cut its non-OPEC supply forecasts by 300,000 to 400,000 barrels a day for 2005 and 2006.

November-dated crude rose 1.8%, or $1.10, to $62.90 a barrel.

"The market is higher as the IEA dramatically reduced oil supply, while only barely lowering projected oil demand growth," Citigroup analyst Kyle Cooper wrote in a note to clients.

Meanwhile, look at a company like JetBlue. Blissfully unaware, blissfully stupid. Expect a bankruptcy filing in the next 6 months to 1 year.

JetBlue has ordered 99 of the Brazilian-made Embraer jets through 2016 in what some analysts have called a risky change from most discount airlines' practice of flying a single aircraft type to minimize training and maintenance costs.

JetBlue is also still taking deliveries of its main, larger, aircraft type, the Airbus A320.