This piece of news confirms my sighting. The cicada invasion has begun.
The funny thing is, I saw only one of it, not thousands of them.
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I’ve switched back to Haloscan. It turns out, Blogger’s new commenting system offers limited free service when compared to Haloscan.
And, just now at approximately 1800 hours, I think I saw a cicada. This is bad news. The invasion has begun.
It looks harmless but, Robin, to the Batmobile! Hurry! Gotham needs us! I mean, Annarbour needs us!
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[342] Of kampioen van Nederland
Ajax Amsterdam 2 – 0 NAC Breda. The 29th title baby! I am currently celebrating Ajax’s victory at Soccerpages.
At the same time, Arsenal beat Fulham to still stay unbeaten for the whole season while Manchester F-United is officially third whatever happens after this.
In Spain, Valencia has its hand on the crown.
Fenerbahce rules Turkey.
Red Star Belgrade is the new Serbian champion.
Werder Bremen has unseated Bayern Munich in Germany.
In Italy, AC Milan will probably win the Serie A despite AS Roma being on Milan’s ass.
And finally, from Russia to Portugal, Porto – Monaco will be the one match to rule them all.
But let’s forget about that and let’s celebrate this glorious day. From Ajax.nl:
Een enorme mensenmassa was zondagavond op de been om landskampioen Ajax te huldigen op het Leidseplein. De spelers van Ajax gingen samen met de supporters volledig uit hun dak. Johnny Heitinga, de talentvolle verdediger die zo goed terugkwam van een zware blessure, kon het allemaal maar nauwelijks bevatten. Hier krijg je kippenvel van, en tranen in je ogen.
I have no idea what does that mean but who cares? We won! We are the champion!
Ajax Kampioen van Nederland!
p/s – Louis van Gaal, the legendary Ajacied that brought the European Cup to Amsterdam in 1995 and currently Ajax’s technical director, has been hinted to replace Ranieri at Chelsea according to a report at ESPN’s Soccernet.com. What is this? Last year, we had the Italian having a Dutch fetish. This year, the English is longing for Dutch fetish. Sheesh…
But if van Gaal switches to Chelsea, of I hope he won’t, I’ll switch my allegiance from Arsenal to Chelsea in the English Premier League. For God’s sake, it’s Louis van Gaal!
pp/s – I’ve dumped Haloscan in favor of Blogger’s new commenting system. Well, there goes my plan to move to Movable Type. Evhead rocks!
The gas prices in Ann Arbor seem to have taken a rest today but yesterday, on average it went higher by a few cents when compared to the day before. On that day, Shell and BP probably had the highest price. I got picture of it for you!
Can’t wait to see the day when the average gas price hits $3.00 per gallon. Why am I excited? So that I could see more of this:
And yeah:
So what should we be doing? Here’s a hint: We can neither drill nor conquer our way out of the problem. Whatever we do, oil prices are going up. What we have to do is adapt.
It’s Krugman on gas prices. To my understanding, the crux is, the demand curve is shifting up and the supply curve is going down.
Alternative energy now!
The gas prices here are crazily high. The last time I checked, it was around $1.95 per gallon. The lowest was probably $1.85 per gallon and that was in Ypsilanti. I can’t imagine the gas price in California; it has probably long passed beyond the $2.00 per gallon benchmark. I believe the cheapest gas price would be in Indiana, somewhere near Michigan City.
Earlier this week, Reuters reported that the OPEC President Purnomo Yusgiantoro believed there is an oversupply of oil in the market. Of course, Saudi Arabia and a few others oil producing nations have been saying the same thing in the past few months.
I on the other hand am not so convinced. Seeing the rising gas price certainly signals shortage of supply. Saying otherwise is anything but the truth unless the traditional downward sloping demand and the upward sloping supply curves are somehow wrong.
There are only three ways price could go up; the increase of the generic demand curve while everything is constant, the fall of the generic supply curve while the demand curve is unchanged or when both of the previous cases happen at the same time.
At the same time, despite the talk of inflation, I believe inflation has nothing to do with this; the only explanation is the supply and demand graph.
Therefore, OPEC is not telling the truth, or at least they are not telling the whole story. In my opinion, there are only two viable explanations and one conspiracy theory.
One, the quantity of crude oil is fast declining and they do not want to alarm the world. And thus, they are keeping saying the opposite of the obvious – there is an old saying that goes if you keep telling a lie, it becomes the truth – there is an oversupply of crude oil.
Second, OPEC is simply trying to capitalize on its monopoly power by charging the consumers above its marginal revenue. Before the rise of price, I am sure OPEC charges the consumers above its marginal revenue. Right now, if the second scenario is true, I am sure that they are increasing the distance between their marginal revenue and demand curve and thus, gaining great profit.
The conspiracy theory is that the Muslims countries, which make up the majority power in OPEC, jack up the price in order to punish the US. Yet, this sounds too fictionous if you ask me.
In any case, we the environmentalists are laughing our ass out seeing those SUV drivers pumping up the increasingly expensive gas into their tanks. And hey, it is fun to utilize the economic theory that describes the income and substitution effect of these SUV drivers. It is economics at work for us and cruel humor to savor by us.
Alternative energy now!