Economic peak oil explained....

[HighMPG]

My thoughts:
Get rid of Hospitals
Get rid of Healthcare
Get rid of Taxes
Put more into finding another planet to live on
More for Solar powered cars
Stop having wars
Get rid of Obammer.
Then mother nature may get to relax a little.

[Arragonis]

Learn spelling ?

[HighMPG]

Sorry I was drunk lol.
*edit*
AM!

[suspectnumber961]

High oil prices due to SPECULATION?

Looking For Job Killers? Look at Gas Prices, Study Suggests


"Demand down

The spike in oil prices has not been caused by natural market supply and demand, the study found. In fact, U.S. demand for oil has declined since 2005, while global demand has grown less than 4 percent. In addition, global oil reserves have been growing faster than consumption and the reserve-to consumption (ratio?) now stands at a higher level than it has been in a quarter of a century.

Today, OPEC spare capacity is almost three times as great as it was in 2008.

At the end of 2003 the price of West Texas Intermediate (WTI) crude oil (the “benchmark” for U.S. oil) was a about $30/bbl and the value of outstanding futures contracts (called “open interests”) for WTI was less than less than $20 billion.

Wall Street firms like Goldman Sachs and Morgan Stanley and hundreds of hedge funds led the charge into the oil markets, creating products that “financialized” commodities. Index funds and pension funds soon followed. In July of 2008, when WTI hit its peak price above $140/bbl, the average value of open positions at the peak in 2008 was over $150 billion, the study found.

Eight times as much money chasing the same amount of oil is a prescription for price escalation, CFA said."

[suspectnumber961]

The FINAL SOLUTION?


Blob Blocker sez:

[NeilBlanchard]

Even with a steady population, we still cannot have a growth economy.

Center for the Advancement of the Steady State Economy

By definition, we cannot have a growth economy, since we live on a finite planet.

[Ladogaboy]

I don't want to get into a long diatribe before I have to head into work, but in simplest terms, the reason the American economy is screwed up is because of our own values.

American companies (if there truly are any, anymore) only look at the bottom line, so they seek out the cheapest labor force possible. Hence, outsourcing. The American population further supports this because we would rather spend $1 on a foreign-made product than $2 on an American-made product (if you can find one), regardless of the quality.

We've also over-inflated our own wages in many areas, and much of that is due to unions. Now, 50 or more years ago, unions were important. Now there is overlap. We pay unions to do the same things that we pay the government to do. Guaranteed wages and benefits? Government regulated. Workplace safety? OSHA regulated. Especially in the case of American auto workers, if they want to know why the are out of a job, look no further than the UAW.

Now ultimately, in terms of misdirected values, we as a nation have a very big problem. We teach our kids that, in order to be respected, they can only work in a few, select positions. Otherwise, they'll never amount to anything. Doctors, lawyers, engineers, etc. People forget that technicians and artisans are just as important. People forget that art and music are as important to society as science. And the most egregious problem that comes out of this is that our wages are, mostly, dictated by how highly our society ranks our position.

We get our heads straight, people might be surprised at how many of our problems just disappear.

[Arragonis]

Another alternative view - Just for balance, I don't know if he is right or wrong.

Op-Ed: There's plenty of room for all

[jamesqf]

Originally Posted by Ladogaboy

The American population further supports this because we would rather spend $1 on a foreign-made product than $2 on an American-made product (if you can find one), regardless of the quality.

I think that's wrong. If American-made products were of better quality, some people would buy them even if the price was higher. The problem - and nothing exemplifies this better than the auto industry - is that all too often, American products give lower quality at a higher price.

I think a good part of this can be traced to a mindset that denigrates technologists as geeks and nerds, so that money that ought to go to R&D instead goes to styling and advertising.

[Frank Lee]

Originally Posted by HighMPG

My thoughts:
Get rid of Hospitals
Get rid of Healthcare
Get rid of Taxes
Put more into finding another planet to live on
More for Solar powered cars
Stop having wars
Get rid of Obammer.
Then mother nature may get to relax a little.

Is this a joke?