tag:blogger.com,1999:blog-99704500378481622.post831555335228768548..comments2023-10-14T08:23:14.641-07:00Comments on The American Energy Crisis: "Postcards from the Edge"A Quaker in a Strange Landhttp://www.blogger.com/profile/15425198389944137571noreply@blogger.comBlogger7125tag:blogger.com,1999:blog-99704500378481622.post-34898075195655796812010-05-13T05:52:56.682-07:002010-05-13T05:52:56.682-07:00Hi Anon,
That chart looks optimistic, especia...Hi Anon,<br /><br /> That chart looks optimistic, especially on the oil import side. Google Export Land Model.<br /><br />Regards<br /><br />Coal GuyAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-99704500378481622.post-56160084092902448952010-05-12T14:27:25.442-07:002010-05-12T14:27:25.442-07:00Dear Anon:
I do not accept unidentified commenter...Dear Anon:<br /><br />I do not accept unidentified commenters here. Either register or use a nick name that you stick with if you wish to join the conversation.<br /><br />BTW, was your question directed at me or Coal Guy?A Quaker in a Strange Landhttps://www.blogger.com/profile/15425198389944137571noreply@blogger.comtag:blogger.com,1999:blog-99704500378481622.post-11830496098780274482010-05-12T11:58:24.952-07:002010-05-12T11:58:24.952-07:00So this chart from the US EIA is meaningless?
htt...So this chart from the US EIA is meaningless?<br /><br />http://www.thepoliticalcarnival.net/wp-content/uploads/2010/05/oil-consumption.jpgAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-99704500378481622.post-40278710806728899222010-05-12T11:32:55.766-07:002010-05-12T11:32:55.766-07:00Those managing the $T Eurofund have interest rates...Those managing the $T Eurofund have interest rates that they would like to maintain for the PIIGS's bonds. Just how long it takes to eat through the $T is the question. If I held any of those bonds, I'd sell NOW and let the Eurofund hold the bag. It won't take long.<br /><br />Regards,<br /><br />Coal GuyAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-99704500378481622.post-54152994855584581022010-05-12T05:17:02.596-07:002010-05-12T05:17:02.596-07:00The CAVE men are an irrational lot. They want no ...The CAVE men are an irrational lot. They want no nukes, no coal, no oil, no gas. Yet, they leave their air-conditioned homes every morning and climb into their cars to drive to work. The logical disconnect is beyond comprehension. Still, they gain political traction with their insanity!<br /><br /> To the point of fiscal and monetary policy, the debt problem cannot be cured by creating more debt. That is for sure. Quantitative easing ( nice euphemism for printing money ) seems to be the right thing to do, IF coupled with fiscal restraint. As the debt bubble unwinds, money needs to be created to replace the money that disappears as debt is paid down and defaults. Without it, at some point, all the cash disappears, the markets seize and we undergo a complete deflationary credit collapse. Payrolls are not met and debt backed savings go to zero. Not a good outcome.<br /><br /> The present approach is to increase both debt and base money. This is foolish in that the basic problem of too much debt is never addressed. Now that the piigs have the ECB, the IMF and the rest of the Eurozone on the hook, don't think for a minute that any meaningful austerity will take place. The public employee's unions will riot an that will be the end of that. It's no wonder the Germans are p!ssed. Their government is expected to sell bonds to raise the cash to buy Greek, Spanish, Italian and Portuguese bonds at a discount. Yeah, right!<br /><br />Regards,<br /><br />Coal GuyAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-99704500378481622.post-65231712127922182702010-05-12T04:16:03.695-07:002010-05-12T04:16:03.695-07:00Goes back to those "new rules." Gold an...Goes back to those "new rules." Gold and Treasuries aren't about inflation and "investing in your country's development" anymore. They are places to run to when the financial environment is hugely volatile. And THEN, we'll someday have even more "new rules." Since the Federal govt. cannot borrow larger and larger amounts forever (especially with an aging workforce), and since you can't eat a gold bar, we'll have to watch in the mail for the new, new rules, whenever they arrive. :)bureaucrathttps://www.blogger.com/profile/03869739125758038029noreply@blogger.comtag:blogger.com,1999:blog-99704500378481622.post-40261748621704883522010-05-11T18:59:50.587-07:002010-05-11T18:59:50.587-07:00The Euro Area’s problem is too much debt; so to al...The Euro Area’s problem is too much debt; so to alleviate the symptoms, they are going to quickly assemble an awe inspiring amount of debt. We’ll all be shocked and awed at the results of their insanity. I’m betting sooner rather than later for Europe. Everyone in the other PIIGS countries is watching Greece’s response to austerity- and noting that it is working.Danhttps://www.blogger.com/profile/04354887108778074009noreply@blogger.com