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Oil Supply and Demand  
 A Little Movement Makes a Big Difference

After being over $100 per barrel since 2009, the price of oil has dropped almost 50% in the last six months, dropping gasoline prices below $2.50 in many areas of the country.

One of the keys to understanding oil prices is pictured right, a North Sea oil rig. Finding, producing, refining, and distributing oil is a very expensive process. Cutting production is not a cheap and easy process.

On top of that, for many oil producing countries, the sale of oil is a major fraction of their revenues. Slowing oil production would be like the U.S. cutting income, sales, and property taxes in half. It puts the government on the edge of collapse. This is especially true if prices are down.

On the opposite side of the equation, oil consumption doesn`t change all that much as prices rise and fall. People still have to go to work, planes have to fly, homes have to be heated, and trucks have to move goods.

So little movements, where supply is a little above demand or vice versa result in big changes in price.

The result is that predicting future prices is very difficult. As Ben Casselman at FiveThirtyEight says, `The conventional wisdom on oil is almost always wrong.`

Or as Yogi Berra said, `It`s tough to make predictions, especially about the future.`



`Tough to Make Predictions`



Floyd Bowling  and  Amusement Center Local News
Coosa Valley News - Person of the Week
Abral Wilson is a young business owner in Rome and Floyd County. Listen as Abral talks about what resulted in owning her own business straight out of high school. She will also talks about some of the great items you can find in her store that you can`t find anywhere else? It is because of her passion for fashion and giving back to the community we honor Abral Wilson as this week`s Coosa Valley News Person of the Week.

  • Local Schools Robotics Team Places in State Comp. - The Floyd County Schools College and Career Academy robotics team participated in their first competition of the year at North Forsyth High School this week. From a field of 41 robotics teams, the two College and Career Academy teams finished in 3rd and 5th place to automatically qualify for the state tournament. The teams will compete twice in January with events scheduled in Marietta and Alabama. With the top five placements in the first competition, the two teams are now qualified to compete in March at the state tournament to be held in Athens, Georgia.
  • Arrest Made in Dollar General Robbery - Floyd County police have arrested a suspect in the Kingston Highway Dollar General robbery that occurred late last month. Terry Cleo Tibbits, 28 of Kingston, was arrested on Thursday and charged with felony strong-arm robbery, first-degree burglary and two counts of simple assault. Reports said that Tibbitts and another man, both wearing mask, broke and entered through the front glass door around 10 pm on November 30.
  • Cave Spring Man Arrested for Assaulting Woman - A Cave Spring man, Justin Tyler Hart, 20, was arrested on Friday after police said he allegedly busted a woman`s lip then threatened to kill her and burn down her home.
  • Man Resist Arrest after Police Find Drugs - A Calhoun man resisted arrested on Thursday after police allegedly found suspected drugs in his possession. Christopher Lee Massingill, 31, was charged with the sale, distribution or possession of dangerous drugs; possession and use of drug-related objects and willful obstruction of law enforcement officers.
  • Lindale Great-grandma wins Fantasy 5 Jackpot - Fay Holden of Lindale is in holiday bliss, having won a Fantasy 5 jackpot prize from the Georgia Lottery. Holden, 75, is one of two players each to win a $65,651 jackpot prize from matching all five numbers from the Dec. 16 Fantasy 5 drawing. Holden claimed her prize Tuesday at the Georgia Lottery District Office in Dalton.
  • Polk School Among 38 Removed from Focus List - The Georgia Department of Education announced that 38 out of 235 schools have exited the Priority and Focus Schools lists, including Northside Elementary in Polk County. As part of the waiver from No Child Left Behind, the GaDOE was required to identify Priority Schools and Focus Schools, which were determined based on achievement data from all core content areas, graduation rate data, and gap between the highest performing and lowest performing subgroups based on achievement and graduation rate data.
  • Gun Show Comes to Rome this Weekend - The Eastman Gun Show will be held at the Forum in downtown Rome this weekend. Collectors from all around will come to look at and have a chance to purchase guns of all types. The show opens on Saturday and will run until Sunday.
  • Attempted Robbery at West Rome Krystal - Rome police were called to the Krystal on Shorter Avenue this week to investigate an attempted robbery. Reports said that a man with a single tooth wearing a red jacket and blue jeans walked into the restaurant and ordered food before pulling out a black and white glove as if he had a gun and demanded that the clerk `give me everything you got`. Police said that the clerk went to the back of the restaurant and pressed the silent alarm. It was then the man left without paying for his food.
  • Jury Convicts Sullivan for Murder of Rome Man - A Floyd County jury reached guilty verdict just days after the murder trial of 37 year-old Kevin Daniel began. Jamarrcus Sullivan was found guilty on a list of charges including murder, armed robbery and aggravated assault. Sullivan was the first of three defendants to stand trial for the murder of Kevin Daniel back in June 2013. The two day trial not only saw co-defendant Antonio Jones take the stand, but he testified that Sullivan pulled the trigger and that the three men planned to rob Daniel of money and drugs.
  • Woman Charged with Exploiting Rome Disabled - Elizabeth Westbrook Lindsay, 33, of Cartersville, has been arrested in Floyd County after police said she exploited a disabled Rome woman. Reports said that earlier this year Lindsay allegedly forged and cashed a check from the woman`s bank account for $91.99. She also added her a cellphone line to her plan, which is valued at $960.
  • Georgia Northwestern Announces 2015 GOAL Nominees - Eighteen Georgia Northwestern Technical College students have been selected as the college’s nominees for the 2015 Georgia Occupational Award of Leadership (GOAL), according to Dione Waddington, coordinator for the college’s GOAL program. The nominees were announced at a reception held recently at GNTC’s Gordon County Campus. Each nominee was presented with a certificate and an orientation was held to explain the next steps in the competition.
    The GOAL nominees for GNTC stand with the 2015 Chevy Cruise that will be awarded by Chevrolet to the State GOAL winner. Pictured are: Front Row (from left to right) Mary Fran Lucas, Maria Williams, and Alice Towe. Back Row (from left to right) Tara Glenn, Rachel Hancock, Jessica Staney, Jennifer Lively, Heather Shirley, Brent Freeman, Christopher Collins, Zachary Joslyn, McLane Hicks, Dennis Sammons, Dylan Thoreson, and Chevrolet Representative Damon Skates, sales manager at Jackson Chevrolet Buick GMC in LaFayette.
  • Rockmart to Hold Public Meeting on Sewage Upgrades - A proposal to improve the sewage system in Rockmart will be discussed during an open meeting on January 13. The project, which is estimated to cost $3.5 million, will be funding through Georgia`s Clean Water State Revolving Fund. The project will including doing modifications to the Rockmart Water Pollution Control Plant so that it can meet new permit limits for phosphorus reduction. The plan also calls for old and cracked sewer lines to replaced or fixed.
  • Woman Gives Prison Inmate Drugs, Arrested - Latasha Diane Hill, 33 of Calhoun, was arrested this week for allegedly giving an inmate at the Floyd County Prison marijuana. Reports said that Hill gave the drug to the inmate while they were out on a work detail.
  • Prostitution Call Results in Robbery for Man - A prostitution call resulted in a man being robbed at the Cottis Inn on Martha Berry Blvd. Reports said that a Cartersville man arranged a meeting with a woman to meet in exchange for sex for cash. The victim said that he paid the woman $225 and removed his clothes. It was then the woman opened the door and ran into the bathroom. A man then entered the room with a gun and threatened to kill him if he moved or notify police. The suspect and woman then took all of the man`s clothing, driver`s license, medication, bank cards and $2,500 in cash.
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  • Deal Inaugural gala to showcase Georgia artists - Gov. Nathan Deal`s inaugural team announced details for the Inaugural Gala, including performances by a slate of Georgia musicians. The gala will be held on Jan. 15 at the Arena at Gwinnett Center. `Georgia is blessed with a deep pool of talented musicians, and some of the most famous artists in the world call Georgia home,` Deal said. `These talented singers and songwriters span several genres, and I look forward to enjoying their performances.`
  • Deal announces inaugural event schedule - The inaugural committee of Gov. Nathan Deal announced the schedule of events for the inaugural, which includes a statewide volunteer day to be held on Jan. 10, 2015. First Lady Sandra Deal launched With A Servant`s Heart in 2011 as part of the governor`s first inaugural. Since 2011, the annual event has shown immense success and volunteer turnout.
Harbin Clinic Area News
  • Sponsors Needed to combat Hunger Next Summer - Bright from the Start: Georgia Department of Early Care and Learning (DECAL) is looking for eligible organizations to serve as sponsors of the Summer Food Service Program (SFSP). The SFSP is a nutrition program funded by the U.S. Department of Agriculture that serves children healthy meals during the summer months when school is not in session. `Providing healthy meals to children during the summer months is critical to the continued development and overall health and wellness of Georgia’s youngest learners,` said Falita Flowers, DECAL’s Director of Nutrition Services.
  • Dalton Cop Charged with Child Molestation - A Dalton police officer, Daniel Tolbert, 32 who was hired this year, has been arrested and charged with child molestation. Reports said that a girl accused him of fondling her while he was off-duty. Dalton Police Chief Jason Parker said that allegations were brought before him just over a week ago and placed Tolbert on leave.
  • Fmr. Scout Leaders Gets Life on Molestation Charge - A former Cub Scout leader in Gwinnett County, Harry Brett Taylor, 50 of Lawrenceville, was sentenced to life in prison after being convicted of over a 30 counts of child molestation. Chief Judge Melodie Conner ordered life sentences on three of the counts and 10 to 15 years for each of the other 20-plus counts. Taylor, a former Gwinnett library board member, was initially arrested in July 2008 after police said he had fondled a boy during a sleepover and had photographed him drying off and undressing after swimming in Taylor`s pool.
  • Atl. Man Convicted of Hiding Money in Swiss Bank - An Atlanta entrepreneur, Gregg Kaminsky, 46, has been convicted of hiding his income and assets in foreign bank accounts. Kaminsky pleaded guilty this week to willfully failing to file a foreign bank account report with the U.S. Department of Treasury. While working as the CEO of an Internet-based company and had a Swiss bank account worth more than $1.1 million. Investigators say between 2002 and 2009, he transferred money from that account to others that he controlled in Thailand and Hong Kong.
  • Fraud Ring Sentenced for Home Depot Theft - Robert Lee Hatcher III, Willie Dewayne Lynch, Andrew Oliver, and Arthur James Freeman have been convicted and sentenced for defrauding and conspiring to defraud The Home Depot, Inc. According to reports, s in at least January 2011, Hatcher, Lynch, and Oliver entered Home Depot stores in Georgia, Alabama, Florida, Tennessee, North Carolina, South Carolina, Kentucky, Louisiana, Mississippi, and Texas, and selected merchandise for purchase. Prior to purchasing the merchandise, they covered the UPC labels on high-priced items with UPC labels they removed from lower-priced items - a practice commonly called ticket-switching. The defendants then took the merchandise to a sales terminal, where they purchased it for the lower price.
  • 8 Drug Traffickers Sentenced in Metro Atlanta - Eight drug traffickers have been sentenced to federal prison in Atlanta for conspiracy to possess with the intent to distribute methamphetamine. `These defendants thought that their drug trafficking operations would go unnoticed in Clayton County neighborhoods,` said United States Attorney Sally Quillian Yates. `They were wrong. Due to the outstanding efforts of DEA agents and their local law enforcement partners, these traffickers are off our streets and headed to federal prison.`
  • Georgia’s Unemployment rate drops Significantly - The Georgia Department of Labor announced Thursday that Georgia’s seasonally adjusted unemployment rate for November was 7.2 percent. This is a significant drop from the previously released preliminary rate of 7.7 percent in October, which has been revised to 7.6 percent. The rate in November of last year was also 7.6 percent. `This is the largest monthly rate decrease we have seen in Georgia going all the way back to 1976,` said State Labor Commissioner Mark Butler. `Our rate continues to trend downward as our state’s employers create new jobs and lay off fewer workers. In fact, we had more jobs in November than we’ve had since the beginning of the Great Recession, and our November-to-November job growth was the largest in nine years.`
  • Hyundai Glovis Ga to create 190 jobs in Harris Co - Gov. Nathan Deal announced that Hyundai Glovis Georgia, a leading logistics services company for the automotive sector, will relocate its parts consolidation center to West Point, creating up to 190 jobs over four years. The company will work with a general contractor to develop a new, state-of-the-art 310,080-square-foot sub-assembly and sequencing facility in the Northwest Harris Business Park. The facility will be used to assemble and distribute components to meet the strict demands and timetables of its suppliers.
  • Record Growth Continues for Georgia`s Ports - The Georgia Ports Authority announced that its terminals in Brunswick and Savannah moved a combined 2.79 million tons of freight in October, a record for the authority. `Strong growth across all key sectors of our business is an indication that our ports are reaching a larger and more diverse customer base,` said GPA Executive Director Curtis Foltz. For the fiscal year to date, the GPA has moved 10.28 million tons, up 7.2 percent or 694,045 tons.
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In the Mind of - Tony Potts
Here`s an interesting thought… The Falcons could win the division, host a playoff game, win the first round and still have a top 10 draft pick. If the season were to play out with the Falcons winning they could host an Arizona team that is on their 4th quarterback of the season. Where do the problems occur with the birds? Defense. This could be an interesting few weeks.

Think about if the Falcons made the NFC title game and then proceed to fire the GM, head coach and half of the team. I don`t think I`ve seen crazier things happen in all my life.

This winter has been full of crazy moves by numerous Major League Baseball clubs.. however the Braves are kinda sitting there twiddling their thumbs. Their biggest move has been the signing of hometown boy Nick Markakis. This week he underwent neck surgery and will be out for a period of time. Doctors said that if no setbacks he would be back by the end of spring. I can almost guarantee no sets is a lot to ask when repairing a herniated disk.

There is HOPE Atlanta sports fans! Get down to Philips Arena and jump on the Hawks bandwagon because the Birds are one of the best teams in the league! That`s right, after getting no respect Atlanta walked into Lebron`s `castle` this week and gave him one of his worst defeats in his career! They are also a game and a half out of the best record in the Eastern Conference! They are also doing it on both sides of the floor. They are first in the NBA for Assist per game and 7th in the league for points allowed!

Won`t it be something to see the Hawks break the streak of disappointment in Hotlanta!?

Congrats to the Calhoun Yellow Jackets for winning their second state title during this magical run. It`s easy to `hate` the Jackets for their success, but credit should be given where it`s due. Coach Hal Lamb gets his players ready each and every week. Having called high school football for the radio for over a decade, the term any given Friday is a true concept….. except when it comes to Calhoun. For over a decade they have defeated every region opponent placed in front of them. Moving up to a higher class this year better prepared them for a late run. With respect to the local schools, they just don`t have that `late round` team to give Calhoun a challenge. Now with the likes of Adairsville, Ringgold and so on, they are getting `meaningful` games earlier in the season. I have a feeling this run is going to take on Buford levels over the next few seasons.

Until next week!

Follow me on Twitter @TheTonyPotts

Tony Potts

  • Hawks upend No. 20 Alabama Huntsville - The Hawks turned in a complete effort Thursday night, topping 20th-ranked Alabama Huntsville, 85-70 at home. Shorter moves to 8-3 on the season and 3-2 in conference play; while the Chargers slip to 9-2 overall and fall for the first time in conference play to move to 4-1 in the GSC.
  • Lady Hawks cruise past UAH, 78-56 - After jumping out to an early lead the Lady Hawks cruised to a 78-56 win over Alabama Huntsville Thursday evening. Shorter moves to 6-5 on the season and 2-3 in conference play, while the Chargers fall to 5-6 overall and 2-3 in conference play.
  • Lady Vikes deals Piedmont its first loss, 93-69 - Chanlir Segarra scored a season-high 31 points as Berry College won at Piedmont, 95-69, on Tuesday. The Vikings improved to 7-2 and avenged an earlier defeat to PC. The Lions dropped to 5-1 with their first loss of the year.
  • Ingle Returns as Skipper of Rome Braves - The 2014 Rome Braves field staff has been announced and Randy Ingle returns as the team’s manager. Ingle, in his 24th season as a manager, was in Danville last season after skippering the Rome club for five seasons from 2006 – 2010 and again in 2012 and 2013. Prior to coming to Rome in 2006, Ingle managed the Myrtle Beach Pelicans for four seasons, managed in Macon for one year (2001) and in Richmond for two years (1999-2000). Ingle has twice been named the organization’s Manager of the Year (1996, ’97) as well as the recipient of the Bobby Cox Manager of the Year Award in 2011. “His roots in this organization and love for the players are what makes Randy so great,” says Atlanta Braves Assistant Director of Player Development Jonathan Schuerholz. “Players always get better under his leadership.” Ingle was inducted into the South Atlantic League Hall of Fame in 2013.
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Community Events
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    • Flanigen to Sign Books at Rome-Floyd Visitor Center - The Last Stop Gift Shop will host a public book signing on Monday, December 22 to feature local author and photographer Gena Flanigen as she signs her new book: `Majestic: The Bald Eagles of Berry College`. Two years in the making, the book offers 128 pages of beautiful photographs documenting the majestic lives of two bald eagles as they fly, hunt and nest each season in the canopies of Berry College. The work also includes a special feature on the mated pairs offspring.

      Holiday Remote Site Closures - All Floyd County Remote Sites will be closed on Thursday, December 25, 2014 and Thursday, January 1, 2015, for Christmas and New Years Day.