Thursday, March 24, 2011

Saudi Arabia making up for Libya?

Is the KSA making up for the lost exports from Libya? U.S. Oil imports over the past 4 weeks say no.

Over the last four weeks, crude oil imports have averaged nearly 8.5 million barrels per day, 393 thousand barrels per day below the same four-week period last year. 
Seems there is good reason, given Oil inelasticity, for the surge in prices over the past month or so.

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Copper reversed course, and Gold and Silver are making new highs.  Not sure what to make of it all... I do like Platinum, though.... for whatever that's worth.

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Anybody that claims that people don't game ANY and EVERY entitlement program should read this.  The demand for free money, or free services, will always be unlimited.

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Spring duty on the homestead has been a bit overwhelming. Chasing kids, both mine and the goats', fencing, feeding, starting seeds, digging garden beds... not a lot of time left over for blogging - and absolutely NO NEED to contrive exercise routines at a "fitness club".

Welcome to the Post-Peak Oil world. No bells rang (though not a few bombs have been dropped). First, employment fell... it humbled people, and the people adapted (except those that won't; nature will see to them). The story is unfolding, and will continue unfolding for the next human lifetime. Between here and there, the life of an individual living in the industrial West is going to change fairly dramatically. For most, it may well unfold slowly enough to make adjustments for on the way. For others, not so much.  Still, I think this is a time to enjoy... as there are no true "do overs" in person's life.

5 comments:

PioneerPreppy said...

All day and no comments yet? That's unheard of.

The article on Puerto Rico's higher than average government check mailings was interesting. Ya know I am not willingly to go the extra mile and paint all Puerto Ricans with the same brush but I have never met one personally that didn't have a huge chip on their shoulder and absolutely hated the U.S.

I even got in a flat out fist fight with one over his anti-U.S. rants while in the army. The only black mark on my record while in the service.

Not saying it means anything but I admit I am a bit biased in general there.

Anonymous said...

Jeffers,

You got rid of Bur just before the all of these black swans came out to play.


Dextred

Anonymous said...

Strike "the" from that, haha :)

Dextred

Anonymous said...

March 15th, 2011–The Israeli Navy intercepts 50 tons of sophisticated weapons concealed in civilian cargo containers aboard the Victoria. Of the 50 tons, the most strategically significant weapons were 6 C-704 missiles.

Word is these bad boys are ship killers and are hard to jam to top it off. I thought when this all started we were heading for a nice big M.E. war and it looks like it is coming. We are aiding the rebels against stable oil producing nations (right or wrong does not matter; pragmatically our economy will die without massive inputs of oil). Our allies can't even handle a little bombing action; wait till the European oil pipeline goes bust.

Dextred

Greg T. Jeffers said...

Dex:

It is my fervent belief that the U.S. needs Israel as much as they need us - and this is why we need them. Why the American Left and almost all of Europe hates the Israeli's is a testament to their inability to think straight.