Gas prices are sinking! Whoopie! Hooray! But why is that happening? Kind of eery, isn’t it? Answer is that gas prices are falling simply because there is a world collapse in automobile production now underway. GM is going down, a boat loaded with lead, and other automobile companies will soon follow. World gasoline demand will be decreasing and already is. Workers are losing their jobs, and now will buy less gas, less everything. Demand is down, down, down.

Standard & Poor’s said on Thursday it could cut GM and Ford’s credit ratings deeper into junk, saying that both automakers had enough liquidity through 2008, “but the accelerating deteriorating industry fundamentals will be a serious challenge to liquidity during 2009.” GM shares drop to 58-year low, global risks eyed Paper junk was backing vehicle junk it seems…

The world is beginning to see that this capitalist downturn is not just about ‘derivatives’, mortgages, and credit. It is a production downturn, too. Capitalism is not a system run on logic. It has production cycles (like a machine almost) where over production leads to economic depression, all initially fueled by looting and criminality at the very top. At the very top of this corporate excess profit looting system is the US Pentagon, which is a giant welfare pie for the super rich. Other industries like real estate and health ‘care’ merely stumble along behind as second bests in the looting frenzy of the super rich.

What ever you do, don’t buy a new SUV at still inflated prices and inflated consumption of precious societal resources. And get a job closer to home if you can? Most of the travel done in this country is basically unnecessary travel. Other countries will suffer more, simply because when travel is done, it usually is much more necessary than the riding around in circles that the US worker has to involve themselves in daily.