Happy Thanksgiving everyone. Hope my fellow Americans had a good 5 day weekend. I know that if I was living in the USA right now, I’d probably be enjoying a long weekend as well. Unfortunately, Thanksgiving isn’t celebrated here in the UK, but that doesn’t stop me from enjoying it anyway.

Just a minor note, 3 more weeks of school left before I have some time off. If only it was all rest time, but because it’s only an intermission time I have to study for my exams in January. Lets hope that I don’t procrastinate and actually do some work. I need to make sure that I do much better this year than I did last year. I did well, but I can still do much better. That’s all for now.

Well just a small update. Linaka is on her architecture trip to Scottland for a week. I’m sure she’ll take a lot of pictures of her trip to share online. I just can’t figure what I’ll be doing for a week by myself. I suppose I’ll spend more time in the library doing work and catching up on anything that needs catching up.

Ok so yesterday I said I wasn’t surprised about what’s going on with the price of oil, but today I logon to yahoo and what do I see on the news? Oil at $55 a barrel! Here is a quote from the news agency.

PERTH (Reuters) – Oil fell for a third straight day on Thursday to hit a 22-month low of $55 a barrel as mounting pessimism about the global economy outweighed OPEC’s comments that it could cut output again as early as end-November.

OPEC officials, concerned about oil’s steep drop from record highs over $147 a barrel per day (bpd) in July, said the cartel could possibly decide by the end of the month to cut production again to raise prices.

Analyst project that once the economies stabalize the demand will be high enough to push it up faster than it did this past summer and could reach $200 a barrel. Since I don’t drive my car around I shouldn’t be concerned about this, but I can’t ignore it. Like a responsible adult I need to make sure I prepare for future times just in case such a scenario plays out and thus affects the price of food and everything else out there. It may be hard to prepare during a hard economic down turn, but it’s a moment in time when we should think about the future and make whatever preparations we need to make for any future hardship.

Ok that’s all I’m saying today, have a nice day.

So I’m following the news for the past several weeks and I just keep seeing all these events occuring on a daily basis. Of course I’ve been following the demise of the markets for the past couple of years. Perhaps the word demise is too strong, but I’ve watched as the markets have been spiriling for the past couple of years. Of course we know that it started long before then but it became apparent two years ago.

History repeats itself. So now that I’m watching the news I am not surprised that the price of oil is bordering around $57 a barrel. What is surprising is that the markets prices haven’t reflected the decline of the price of oil. A couple of days ago I find out that Cirtuit City has gone bankrupt. As I watch the news and see what analyst are saying, some have projected that some other titans of industry might fall as well. Even now the 3 large automakers of the USA are bordering on the edge of bankrupcy.

I can’t imagine that we are in a 1930’s type Depression yet, but if things continue the way they are, it may not be long before we find ourselves in bread lines. Ok enough economic gloom. The world leaders are trying to resolve these issues and a new President in the USA may bring new hope. The rest of the world is trying to resolve their issues and hopefully things will start to turn around, but probably not till next year or 2 years from now. In the mean time we must be prepared.

Of all that’s happened, one thing is certain, spending more money to save the economy didn’t work in the 1930’s and I don’t see how it will work today. Most importanly, we must change our bad practices of economic behaviour. We must live within our means again.

So I returned from Wales and what do I find? The economy is still doing bad, oil is trading under $61 a barrel and we have a new President now. Anyway, I was in Wales when I saw the news on the BBC that Obama won the presidency. Of all the places to be in the world to hear the news LOL.

Anyway, since November 5th there have been lots of fireworks going off here in rememberance of Guy Faulks day. It’s funny that there is a day that people celebrate in rememberance of a guy that wanted to blow up the parliament building. Well lets carry on.

I went to Wales with my geology group to study the geology of the area. We looked at rocks, rocks that were laying on top of each other, rocks that were laying next to each other, rocks that were folded and rocks with fossils in them. Overall, we looked at a lot of old rocks and I had to write a report about it. Now I’m working on another report about rocks that due on Tuesday. Still it’s fun.

For those of you that follow my blog, I setup a facebook page where I upload some pictures, but the bulk of pictures I’ll try and upload here. Anyway, back to work.

P.S. I liked the food there.