Test
Glod down another $15.
What about haircut futures?
I still find it laughable that we here in SoCal suffer droughts while sitting next to the world's largest body of water
and just think, if they still had that dril rig off mission beach, pumping out 9Mbpd like they do in the ME, you guys could have a garden of eden all the way to jamul.
the earnings are coming the earnings are coming!
otishertz, probably more like "the losses are coming, the losses are coming"!
best wishes
http://www.youtube.com/watch?v=ml2Ae2SIXac
Linked without comment.
horrible earnings take down commodities next week?
"the losses are coming, the losses are coming"!
LOL!
the earnings are not coming!
"the losses are coming, the losses are coming"!
Well, since we've already seen the companies claim to have thrown in the kitchen sink,...I guess in the coming quarters they'll be pulling out the plumbing and the electrical wires.
Glod down another $15.
I expect it'll take an occasional fierce beating this summer as the bulls run on Wall Street.
What in the hell kind of conspiracy is pumping up the stock market in the face of all reason and economic reality?
Fungible; being of such nature or kind as to be freely exchangeable or replaceable, in whole or in part, for another of like nature or kind.
Rob Dawg states "All energy is fungible."
Energy;any source of usable power, as fossil fuel, electricity, or solar radiation
a simpleton would assume this implies being able to power an internal combustion engine with a ray of sunlight.... this is not what you meant, clearly.
so, what exactly did you mean?
CR said:
probably more like "the losses are coming, the losses are coming"!
But if they are even slightly less negative than than analysts predicted, the market is going to treat it like:
"the earnings are coming, the earnings are coming"!
worse than expected worse than expected!
Goodnight everyone, and special thanks again to Ken Cooper. Commenting has never been better!
a simpleton would assume this implies being able to power an internal combustion engine with a ray of sunlight.... this is not what you meant, clearly.
so, what exactly did you mean?
Whenever one energy mode gets too expensive others substitute based on cost considerations. Ain't rocket science. We are seeing electric cars and natgas buses based on expectations of cost benefits. You also see industrial consumers such as aluminum producers investing in multiple energy sources as a competitive advantage. If oil gets too expensive we'll get the hydrocarbons from shale/coal and convert them into more convienient liquids/gases.
Marshall McCluhan:
"We have no education system to teach us how to cope with the media. The media, through its embrace of the senses, allows private entities to control our nervous systems. The technology we use to extend our senses also numbs those senses as we get transfixed by our creations like narcissus. A pervasive environment is always beyond perception. What we ordinarily think of as the present is really the past – what we see in the rear view mirror from the future – to study the future you need to study the present. It is impossible for man to look directly at the present because he is so terrified by it."
"If oil gets too expensive we'll get the hydrocarbons from shale/coal and convert them into more convienient liquids/gases. "
At what cost? Both environmentally and financially?
I still find it laughable that we here in SoCal suffer droughts while sitting next to the world's largest body of water
10 years ago on Maui I was talking to a local about all the undeveloped land above Kihei . . . she was saying it was because they had no water.
I laughed and swept my arms toward the blue horizon . . ."what's that!"
Plus she was saying the test windmills they put in the funnel at the neck of the island broke because there was too much wind. I laughed some more.
Hawaii could be a freeking paradise again if they a) shot all the real estate agents and b) had engineers running the place, LOL.
I get the sense that those who poo-poo the 'Peak-Oil' idea haven't really given the proposition a good and objective read.
Its kind of like 'too big to fail', but on a global growth basis.
Troy, Hawai'i's leaders are as dumb as shoes. They can't see past their eyelashes.
"the losses are coming, the losses are coming"!
Just more fuel for the rally...
This is curious...
Prof. Roubini is in Italy again, at Villa D'este at the European House / Ambrosetti "“Intelligence on the World, on Europe, on Italy” conference. He gets to Italy frequently. The Ambrosettis employ for the most part graduates of the Catholic University of Milan. One of their top guys used to work for Kroll in London. Another was a nuclear physicist. Interesting lineup:
http://www.ambrosetti.eu/english/cv_de_molli_valerio.php?iExpand3=125
The organizer of the conference is this fellow:
http://www.assi.co.it/aboutus/default.asp
...who is also the president of ASSI in Milan http://www.assi.co.it/aboutus/default.asp
Assi is a partnership between Ambrosetti and Stern Stewart, another "consultancy," based in New York:
http://seminars.sternstewart.com/experts.html
What is this Italian connection with Roubini? As a young man, Roubini studied at Bocconi University. Today, a disproportionate amount of Bocconi econ graduates occupy the top econ departments in the United States and in Europe as well (Europe makes sense as it is a highly regarded business/econ school there. But why so many here?). Reflect on the fact that speaker Pelosi is one of the most powerful members of congress, if not *the*... it's enough to start a treatment for a movie based on a Dan Brown book.
Who does Roubini work for really? Who is paying all of his "analysts"? Does it come out of his speaking fees? Does it come direct from Pete Peterson? Soros? Where is this all leading? Is there a Roubini-D.E. Shaw connection through Summers (who was/is a director at RGE). Is the above Stern-Stewart basically a go between?
The great advance in the near term is coal and nuclear. Some whiz kid is going to figure out how to feed coal into a refinery.
The future is limitless.
Bill Hicks wrote on Sun, 04/05/2009 - 11:46pm.
I get the sense that those who poo-poo the 'Peak-Oil' idea haven't really given the proposition a good and objective read.
Entertain the possibility that they may have done far more and come out the other side. Did we unpeak since $150 oil? This is exactly like global warming where everything confirmational is proof and everything contrary is aberration.
Oh here we go. The Stern & Stewart (not a Stewart to be found) Economic Value Add (EVA) approach to business valuation looks like just a way to inflate the value of companies for the purposes of finance.
http://seminars.sternstewart.com/whatiseva.html
They spread their EVA gospel throughout Latin America, the Caribbean, and other parts of the world. Yep, just what we need... a way to inflate the perceived values of companies.
Global warming is a sideshow, a canard. Over a generation or two, we're going to have to look at effects of industrialization on a global scale, but it's not an immediate issue. Energy independence and security is completely within our grasp, if we're willing to invest in it.
Read the bottom blurb here:
http://www.valuebasedmanagement.net/books_stern_eva.html
They spread their EVA gospel throughout Latin America, the Caribbean, and other parts of the world. Yep, just what we need... a way to inflate the perceived values of companies.
-----------------
Chicago school....
"Entertain the possibility that they may have done far more and come out the other side. Did we unpeak since $150 oil? This is exactly like global warming where everything confirmational is proof and everything contrary is aberration. "
I think its been sufficiently shown that the 147 peak (thus far) for a barrel of oil was the result of speculators, not the geology or the demand. (There are two sides of this fence in the Peak Oil community to be sure, but its really a moot discussion ultimately, I would argue that the speculation was based on demand of declining resource, because at the time, this 'depression' wasn't yet acknowledged, it was still 'contained'). That does not change the geology or the future demand that a 'recovering' global economy will require. Anyone looking would admit that demand destruction has absolutely clouded this issue, an issue that is real and immediate.
Demand destruction. What happens if we, all of a sudden, get our shit together economically and demand more oil? Its not coming from Cantarell. It might come from Ghawar, is that a possibility? Matt Simmons has built his past half decade on that very question. Is it coming from the Alberta tar sands? I doubt it. EROEI as well as water concerns pretty much dunks that proposition.
I dunno. I guess that I have a real problem with very smart people overlooking this issue. Not in an affrontive fashion, but more of an 'You really need to take a good look at this' fashion.
Best regards. Did I mention that I have the highest respect for the commentariat here? If I did, well I am saying it again.
I agree with Hicks, demand destruction has clouded the issue. Market relief has allowed an intentional reduction in production. This is welcome relief, but short lived. Even at the current production, the peak is passing, albeit delayed by a year or two. We're on the plateau of production and we will be hitting ever declining ceiling of production on the downside. Like walking across and attic, from the ridgeline to the eaves, every time our economy attempts to increase demand, it will hit a ceiling of productive capacity causing temporary energy inflation. This will reduce demand further (crouch lower) until the market starts to bounce back up again and then WHAM!...head smacks into the ceiling again..and we're back to energy inflation again. The problem with this path is that energy investment strategies are going to run one hell of a gauntlet with prices causing projects to swing wildly from profitable to bankrupt. The gov should do some work here to smooth out this volatility to encourage investment in alternative tech, without some stabilization mechanisms, alt energy projects will be delayed such that the downside of the peak in production will have greater energy dislocations that would otherwise have been necessary.
Take a peek at this PDF, have a feeling you won't regret it :
http://www.yousendit.com/transfer.php?action=batch_download&batch_id=UmN...
wheh! looks like I've escaped the evil clutches of testes and his Latin spewing drivel
I think you are describing the 'stair-step' powering down? Very plausible, and of all the possible scenarios, I think its almost desirable, considering the alternatives.
What I mean by that are the geopolitical implications. If anyone doubts that the reason we have standing armies in Iraq and Afghanistan is because of energy and the great game for energy, well, go watch some more American Idol. The war on terrorism argument has worn thin.
I'd rather us slowly and peacefully ratchet down as opposed to going ballistic and violent to recognize our energy situation.
Anyone following me?
vetch, I agree with your analysis... demand destruction has temporarily tempered the question of peak oil... let's say that world production doesn't snap back so readily and start growing from that point... the aggregate oil might be enough to get us another 25 to 30 years where certain tech advances might provide a cushioned decline...
'Whenever one energy mode gets too expensive others substitute based on cost considerations.'
Oh, the bright and glorious vision of substitution - '...Lewis Strauss, then chairman of the United States Atomic Energy Commission (U.S. AEC, forerunner of the U.S. Nuclear Regulatory Commission and the United States Department of Energy) spoke of electricity in the future being "too cheap to meter."' But at least according to Wikipedia, 'Strauss may have been making vague reference to hydrogen fusion - which was secret at the time - rather than uranium fission...'
http://en.wikipedia.org/wiki/Nuclear_power
How are the fusion plants in California running these days, by the way? I realize in backward places like Denmark or Germany, windmills are being built and used, but then, they aren't being built because they provide a substitute based on cost considerations, they are built because apart from burning things and nuclear fission, they are the only alternative that even provides a chance to provide some noticeable amount of electrical generation which is available now, at a cost which is not crippling. The windmills were never part of the bright future as seen through the eyes of a man who 55 years ago made a silly prediction about how the future would look. Unlike a certain geoscientist, whose data, methods, and prediction concerning American oil production have been proven to be correct, at least if you believe federal and oil company data concerning their American operations.
It must be easy to live in a world where fantasies become real at the touch of a few keys in front of a screen. Maybe you can share the location of your local branch of Mr. Fusion?
I'd rather us slowly and peacefully ratchet down as opposed to going ballistic and violent to recognize our energy situation.
------------------------
Thought this was what is happening now.
Solar is the best and most abundant, too bad no one wants to cultivate it for want of profits.
I'd rather us slowly and peacefully ratchet down as opposed to going ballistic and violent to recognize our energy situation.
------------------------
Thought this was what is happening now.
Solar is the best and most abundant, too bad no one wants to cultivate it for want of profits.
"This is exactly like global warming where everything confirmational is proof and everything contrary is aberration. "
How did your prediction about growing Arctic sea ice cover last summer work out, by the way? Or is that another one of those little predictions we will just let melt away?
Is there any way to change the blue background of these comments to white? Its a little difficult for me to read for some reason
Roubini as tool of the Catholic Church?
I dig the theory as entertainment.
And awesome McCluhan quote.
in the developing world, for example, take Saigon (HCMC) 14 years ago the large majority used bikes for transportation, a motorbike at 1,100 plus was outside the reach of most, but then the Chinese exported a 300-400 motorbike that was a replica of a Honda dream and now the streets of Saigon are rivers of motor-bikes...
of course Hanoi, being Hanoi, sells their offshore high grade oil on the world market and imports a far cheaper grade of gasoline that leads to greater pollution...
some day these drivers will move up to cars... same no doubt in India.
OK, ya'll suspend disbelief for a moment.
What if R-U theory is correct and oil is a renewable resource?
Consider the possibility.
If true, then how much of what you know have you been sold?
my apology to Bill Hicks for not reading his post before commenting.... sort of answered my question
almost time to short the bejeezus out of this market. anyone even remotely connected to the real world (retail, real estate, manufacturing) knows that this latest rally is just shorts jerking each other off.
almost time to short the bejeezus out of this market.
---------------------
Market will rally till may at which time it should go down around july, short at your own risk.
the PPT may force a massive short covering rally to signal the big drop we are anticipating but the descent could start much sooner like this week once the market gets a whiff of the earnings due any time. the next leg down is going to freak people out. business is not good.
The reasons behind the lack of development of non-fossil fuel based energy are quite simple-
1] Cost- why would you build nuclear power plants when coal and NG are so cheap? And why build thorium based plants when uranium is still so cheap?
2] Environmental Luddites- Why would you want to invest money in nuclear waster reprocessing and thorium based nuclear power plants when there are so many environmental wackos, their lawyers and an enabling populace?
Oh, boy. Wait til the markets get this "damning" report from Elizabeth Warren, chair of Conressional committee to oversee Tarp funds. Read it at Jesse's Cafe:
http://jessescrossroadscafe.blogspot.com/2009/04/elizabeth-warren-to-dro...
she may damn them but we still own their mistakes.
test
Test concluded.
This concludes the test of Turing Context Thread Generation. Any similarities to sapien dialog are purely intentional.
Anon....
oh yes, the talk about Turing tests and the like that only the late night weekend crew as R. Mutt Dawg would say dishes up...
7 years ago I was talking to a physicist in Milano and he was explaining how conversations are like Turing tests... I forget his exact argument, I was more
interested in the flaws he had found in Black-Scholes... that was his area of primary research, had a paper on it
.................dCD............what kind of physicist worte a paper on options model?...........quantum, cosmic ray , or particle etc. .............just curious........that model has serious faults and everybody knows it................
http://graphics8.nytimes.com/images/2009/04/05/opinion/05richlarge.jpg
Gee, such exuberance for the stock market. Guess it must be time to follow the crowd over the cliff again as smart money prepares
to exit with their quick profits.
Jay D...
I don't recall but I believe the paper was also translated into English, I never followed up on it. out of curiosity I just asked one of his friends in Milano to find out...
that was 8 years ago, I know there were cracks in B-S but didn't know it was common knowledge - maybe the Long Term Capital collapse was a hint?
'why would you build nuclear power plants'
Apart from nuclear weapons production? Well, I guess we would need to ask the French and Japanese why they decided that coal and NG weren't as cheap as assumed by Lucifer.
'Environmental Luddites' - no, actually, profit oriented energy companies, as seen by your own observation - 'Why would you want to invest money in nuclear waster reprocessing....' when you can just leave it sitting around until it becomes someone's else's problem.
Spain, first to be in a depression? The 19% unemployment will make for some interesting social "events." How many Euro countries have money invested in RE and consumer stuff like auto loans and CC's? A lot.
72B euros of mortgages did not sound like a lot until I remember that magic word - Leverage,
By Esteban Duarte and Neil Unmack
April 6 (Bloomberg) -- Caja Madrid may be the first Spanish bank to stop interest payments to mortgage-backed bond investors as loan defaults soar, according to Standard & Poor’s.
Defaults on mortgages in the bank’s 1.8 billion-euro ($2.4 billion) Madrid RMBS II FTA bond rose to almost 7 percent in December, close to the 8 percent level that will force the lender to halt payments to junior debt holders, S&P said. Other securities in the 163 billion-euro mortgage-bond market may also miss payments after arrears doubled in the past year, S&P said in a report last week.
Spain’s recession will linger into 2010 and unemployment will increase to 19 percent from 14 percent, the highest in the 27-member European Union, according to a central bank forecast on April 3. Homeowners lagged behind on repayments on 72 billion euros of mortgages as of January, Bank of Spain data show, after the credit crisis halted a real-estate boom.
Good morning happy commenters.
Anecdotal for Monday morning - I keep a finger on the local real estate pulse, and pendings are picking up, as well as sales. Low rates? Maybe. Uptick in economy? Maybe.
or seasonal, yes?
Buccaneers and pirate fanciers of the Crimson Permanent Assurance!
By the heavily delayed figures we are 1/4 of the way to paying off the mortgage on the new frigate! A most impressive showing! Average donation is over 50 (I backed mine out and worked the figures).
Those of you that haven't put it across the plate yet! What is your excuse?
It's a good start but it's still just a start! Let's get this PBS skit wrapped up ASAP so we can skip the incessant fund-raising drives!
Everybody was willing to cry about how horrible JS-kit was, which is true. Someone came and fixed it of their own accord. Does this hero and defender of the community need to start charging in advance? You all want to come to the place with the "A" game, now it's time to pay the green fees.
Put it across the plate for the mortgage pig, people!
Love the Mortage Pig peaking at me from the top pf the page! Thanks for the MUCH better comments!
Why does one large asset bubble -- like our dot-com bubble -- do no damage to the financial system while another one leads to its collapse?
http://online.wsj.com/article/SB123897612802791281.html?mod=googlenews_wsj
nova (member) wrote on Mon, 04/06/2009 - 3:49am.
...Spain, first to be in a depression? The 19% unemployment ...
-------------------------
Spain ? And you said nothing about Deutsche Bank folding ? How much longer do I have to wait ??
...19% unemployment...
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Guess you missed Zero's Hedge post "Today's Real Payroll Number: 750,000, Total Unemployment Rate at 19.8% " ??
(http://zerohedge.blogspot.com/2009/04/todays-real-payroll-number-750000-... )
Should make for some interesting social "events" in the US. Haha.
That
Anonymous wrote on Mon, 04/06/2009 - 4:23am.
was of course me .
Hooray! Hoocodanoode comments works in IE6! Thanks, CR and Ken!
"I get the sense that those who poo-poo the 'Peak-Oil' idea haven't really given the proposition a good and objective read."
And I get the sense that those who think any commodity's peak is a meaningful event haven't really given Julian Simon a good and objective read. Human ingenuity is the key ingredient of any resource. It's peak is a long way off.
http://www.juliansimon.com/writings/Ultimate_Resource/
"I expect it'll take an occasional fierce beating this summer as the bulls run on Wall Street."
The Bull's run shouldn't last past mid-May.
xxxxx
A cow's yield is contingent upon a number of things - diet type, feed volume, and activity are readily identified as determining a cow's output, but a surprising factor is "stress", large or small. Changes in their corral size, their "cow buddies", neighbors' activities, traffic, offspring health and activity determine large changes in the daily amount of milk (and butterfat percentages) we receive. Something as simple as a large motorhome with a jeep being towed behind sent our cow, MilkShake, into fits. Her milk for that day dropped in half. Our long-term saying around here has been to hope for a perfect "Cow Day" - a day free of any changes, worries, or discontentment. Something as simple as a pair of irate roosters might decrease her milk output from 3 to 2 - gallons in a particular day.
Here's wishing a perfect "Cow Day" to all.
@rdawg
EROEI........
hoocouldanode, so glad i node ya
And now, for more great moments in journalism, see the arc of play of the bank execs story:
Over weekend on Bill Moyers show, William K. Black makes scathing allegations of banks' fraud and subsequent ncover up by administration
http://www.pbs.org/moyers/journal/04032009/profile.html
If there were any real reporters left in MSM, they should have been falling all over themselves on this story - either to refute or confirm Black's allegations. But nary a peep from the crippled (ethically and otherwise) MSM.
In a sorry-ass attempt at a peep- NYT and other MSM rewrite Geithner's sunday news-show press release, in which geithner utters what has to be the most mealy mouthed statement yet :
“If in the future, banks need exceptional assistance in order to get through this, then we will make sure that assistance comes, Where that requires a change in management and the board, then we will do that.”
Headlines somehow confuse this dribble as an actual statement supporting housecleaning. Hint: the change in management itself is necessary for us bank-owning taxpayers "to get thorugh this" It's not an option.
On monday. British press (but no NYT or MSM) cover Elizabeth Warren's urgent call for bank housecleaning and shareholder wiping:
http://www.guardian.co.uk/business/2009/apr/05/useconomy-regulators
Let snooze the lapdogs of war! Thanks, American media, for keeping your mouths shut and confirming your irrelivance yet again.
Or irrelevance that is. Never type in anger...
kidbuck (member) wrote on Mon, 04/06/2009 - 5:05am.
And I get the sense that those who think any commodity's peak is a meaningful event haven't really given Julian Simon a good and objective read. Human ingenuity is the key ingredient of any resource. It's peak is a long way off..
------------------------------
I think you are absolutely right.
And theese peak-oilers remind me about the "Club of Rome" with his "The Limits to Growth" (in the 70's). Nobody talks about them (and their doomsday theses) anymore , they are as dead as can be. So will the peak-oilers be in 20 years.
You remark about human ingenuity is righ on..
Jay D
just found out that Aldo's area of research for his PhD was Relativistic Quantum Theory... if that helps...
Alo wrote on Mon, 04/06/2009 - 5:30am.
...Thanks, American media, for keeping your mouths shut and confirming your irrelevance yet again...
---------------
Amen !
test
'@rdawg
EROEI........'
Oh please, energy is fungible, so the very idea of energy return on energy investment is as ill-founded as the idea that a finite resource is finite.
Let's try to see how that works -
'Just imagine that energy is available throughout the universe. Now imagine that this energy can be used any way you want, any time you want, in any way quantity you want. It simply takes human ingenuity, and viola, there you are - all problems solved. Well, OK, there might be a minor engineering quibble or two, but really, the only thing stopping people from using all the effectively infinite energy surrounding them are green luddites.'
Sorry - that is just too silly to imagine any poster here actually believing that, much less writing it.
Maybe we need to take up TM instead, and then we can fly without any hindrance, simply saying 'I think I can, I think I can, I think I can.' And it would only cost a few thousand dollars, much cheaper than even a used corporate jet.
Over a generation of two, my children will be in deep do-do......
Very much worth watching: http://www.pbs.org/moyers/journal/04032009/watch.html
A 1/2 hour of your time well spent, and would encourage peole to share the link with others.
Another poorly-worded, yet meaningful analysis from the Bloomberg guys.
S&P 500 Can't See Enough Money-Making in Final Quarter to Keep Rally Alive
April 6 (Bloomberg) -- Investors are depending on banks more than at any time in at least 60 years to lead the U.S. out of the longest earnings slump since the Great Depression.
American companies will end more than two years of declining income by the fourth quarter, according to analyst forecasts compiled by Bloomberg. Banks will be responsible for all of the 76 percent rebound in the final three months of the year, because without financial companies, the gain turns into a 4.5 percent decline, the data show.
Rathbone Brothers Plc, MFS Investment Management and TD Ameritrade Holding Corp. say the reliance on banks is making them increasingly concerned that the 25 percent gain by the Standard & Poor’s 500 Index since March 9, the steepest rally since 1938, will dissipate. While rising home sales and durable- goods orders show the economy may be bottoming, unemployment and consumer debt as well as prospects that banks will be forced to write down more loans may halt the gain in equities.
“People should not get carried away,” said Julian Chillingworth, the London-based chief investment officer at Rathbone Brothers, which had more than $14.6 billion in assets under management at the end of last year. “We first need to see genuine signs of economic recovery.”
What if R-U theory is correct and oil is a renewable resource?
Consider the possibility.
If true, then why would one everr need to cap a well?
or pull up a derrick?
or search deepwater
or dig in tar sands
or fracture shale?
totally bogus
SLM returning offshored service operations, about 2000. From what I've heard (purely rumor), it's part of Sallie Mae bargaining the Dept of Education to back down from its threat of 100% direct lending.
Wow, you guys are way off about Stern, Stewart. Makes you look like complete paranoid conspiracy nuts. I worked there for several years. There is/was a Stewart. Bennett Stewart. I don't know if he sold his ownership to the main partner Stern. It's not some power broker in any international conspiracy. It's a financial consulting firm and a pretty small one at that. The EVA metric they employ is the exact opposite of something to artificially inflate company value. It's the exact opposite in fact. EVA is basically another way of measuring Free Cash Flow and it stipulates that the value of a company is derived from the net present value of the cash flow it generates above its cost of capital. Stern Stewart believe that gaap based earnings are bullshit and a scam that hide the true earnings power of a company, "earnings don't matter" is a famous quote in Bennett Stewart's EVA book. Stern Stewart advise firms to basically ignore 'earnings" and focus on earning a return on capital higher than the cost of capital. And they have myriad ways to help firms do that. EVA is a pretty rigorous, mathematical treatment of corporate finance that leaves no place to hide accounting tricks, it's one that backs out the bullshit gaap adjustments that distort financial statements.
Wow, were you two nutters way off on your slams of the company. Sad.
I made the mistake of Wiki-ing the Turing seminal paper last week..........my head still hurts
test
very interesting info there BSR.... know this guy over here in Asia who has 6 dairy cows in WI and wants to ship them over... he grew up on a dairy farm but left that life for a good while, guess he bought these cows for 60k, supposedly they are real producers (I believe he said they could produce about 80 lbs a day).... is that right? he also said that there was a time when it was thought dairy production was best up north but he said cooling systems have cows producing as much in Florida...
he wants to create some kind of charity org here producing rich milk for kids... says the milk produced by local livestock is poor in nutrients and fat....
I saw above a comment indicating uranium to be both cheap and plentiful. Nathan Myrvold's organization reported last year that at present levels of usage, known supplies are relatively scarce and won't last very long at all. Accordingly, he's capitalized a new to manufacture and sell compact thorium reactors scaled for a local, distributed use. They expect to deliver the first units in a year or two.
Interestingly, their first clients are in locations which have no established energy infrastructure. The company has not yet reported any interest from North American towns or cities.
dCD
----------------
Which country in asia if i may ask?
That would be new *firm* to manufacture . . . sorry.
I spent the weekend recapping my roof which gave me plenty of time to think. I tried to work out what O is up to and I came to the conclusion he is planning a night of the long knives on the bankers. He doesn't have the power to pick them off one at a time so he needs to take them all out at once. To accomplish this he would need to have a shadow team ready to go in and run the banks after the decapitation. This team would take some time to put together and train so hence the need for the stalling tactics.
If this is what O is up to I wouldn't be surprised if Timmy and Co were not involved and are being used to keep the bankers from suspecting what is about to hit them. If he can pull this off then he will go into history a hero and 2012 will be in the bag no matter what state of the economy is in. In the absence of something dramatic like this he knows he will end up being seen as worse the Hoover and has no chance of reelection. I think we should not underestimate his ambition and intelligence.
He told the truth; He'll probably be either "disappeared" or discredited soon. It was, however, a very good interview.
XXXXX
The old folks used to say that a loud thunderclap could make a cow stop giving milk. BTW, I put a down payment on my goats this weekend.
xxxxx
kidbuck (member) wrote on Mon, 04/06/2009 - 5:05am.
And I get the sense that those who think any commodity's peak is a meaningful event haven't really given Julian Simon a good and objective read. Human ingenuity is the key ingredient of any resource. It's peak is a long way off..
Human rationality, and consequently ingenuity, is an evolutionary trait, and like any evolutionary trait, it has been adequate in getting us this far as a species.
As for the future, all bets are off ...
Wow, were you two nutters way off on your slams of the company. Sad.
Well ...
... obviously that makes you a shill for the illuminati ...
... duh.
apropos peak oil :
I still remember the newspaper headlines in 1973, during the first oil-crisis : "Oil reserves will last only 30 years ! "
Well, another failed prophecy .
@ ill dilettante
Various versions of your theory have been floating around on the blogosphere for awhile now.
It's a nice thought, but I wouldn't bank on it.
"If you live in Dallas and want to move to Las Vegas, it's a cheap move: $777 at U-Haul. But leaving Las Vegas is more expensive, $1,183, because all the trailers are heading elsewhere."
......and don't let the door hit you in the ass on your way out!
Welcome to Las Vegas, foreclosure capital of America
Sorry...........http://www.statesman.com/business/content/business/stories/personalfinance/04/05/0405burns.html
otis,
Let's try your approach on that whole round earth concept...
Oil is finite.
The question isn't 'if', but 'when'.
Tomorrow, next year, next century?
Yeah man, "Limits to Growth" should be read by everyone. I'm not making any claims on peak oil, but reading past doomsayers books can provide wisdom/insight into current doomsayers predictions.
Anonymous,
those 6 cows are headed for Cambodia. he will add more as needed... I don't know squat about dairy farming but he seems to thing it will work, he's fifth gen, WI farmer. so....
nantucket person:
That would be "G. Bennett Stewart III"
{giggle}
