|
3807. alistairconnor - 5/4/2006 2:55:40 PM Ah I believe I heard a radio program about it. Linking all the centres of production etc. in a neural network sort of thing.
Sounded like an extraordinary experiment. 3808. uzmakk - 5/4/2006 3:12:22 PM Yes, big English management guru, Stafford Beer. Did a revised version of Platform for Change in 1995, I believe. Yes, an unpermitted experiment and then Pinochet. 3809. PelleNilsson - 5/6/2006 7:11:56 PM Today we retired an orchid that has been with us for many years and bought a new one.
 3810. ronski - 5/11/2006 6:19:18 PM Ah, a nice phalaenopsis hybird with branching tendencies from a species like P. equestris or schilleriana. 3811. Ulgine Barrows - 5/20/2006 3:55:01 AM PelleNilsson, that orchid had gorgeous lines. 3812. judithathome - 5/20/2006 4:39:21 PM Party for 20 tonight at our house tonight...we have tons of food so any of you in the vacinity, come on by!
The goodies are about equal: half vegetarian and half meat eater stuff. I don't expect leftovers. 3813. Magoseph - 5/23/2006 11:42:06 AM Mac, Ali, Pelle, do you know anything about the Peugeot 407?
3814. alistairconnor - 5/23/2006 11:56:08 AM Not a thing dear. Are you thinking of buying one?
Make it a diesel. Longer-lasting and more economical to run. 3815. Magoseph - 5/23/2006 1:14:01 PM Kind of thinking of it, Ali. I learned last night that I have a stake into an inheritance that just might cover the cost of it. On the other hand, the idea to make money out of money is pretty powerful with me. 3816. Macnas - 5/23/2006 1:37:38 PM Nice car Mago, very comfortable.
3817. Macnas - 5/23/2006 1:39:33 PM But, I think buying a new car is a waste of money. So many good used cars, for half the cost, and it doesn't depreciate by a 1000 as soon as you drive it out of the showroom. 3818. alistairconnor - 5/23/2006 1:40:28 PM See other thread Mago -- are you making smart arbitrages?
Get out of stocks... 3819. Magoseph - 5/23/2006 3:11:30 PM Ali, when the Federal Reserve concludes they are responsible for destroying the Stock Marker by raising interest rates, they tend to react rather quickly. Now, if the Federal Reserved had signaled they have stopped raising interest rates and the Market had dropped as it has, I would be scared to death.
However, the public has had a nice ride all over the world and it’s just possible, if not probable, that this amounts to no more than a huge shakeout of the easy riders. I want to see bullish news without the Market responding before I get too bearish.
The real fear I have is of an inflationary depression following a collapse in oil and other commodities, which I regard as a distinct possibility.
3820. arkymalarky - 5/24/2006 2:14:40 AM Did you get rid of the Odyssey? 3821. alistairconnor - 5/24/2006 9:33:48 AM If they stop raising interest rates, who will buy the treasury bonds?
There won't be any collapse in oil and other commodities until there is a collapse in demand. That would only happen if India and/or China started getting priced off the market. Prices are high because consumption of oil and commodities are the highest they have ever been, and increasing, and there are non-market constraints as to how much can be produced... Geology for example. Economists don't believe in geology, because the boy cried wolf too early.
But the wolf is real. I think he's at the door. I may be wrong, but in all events it's only a matter of years. Maybe as many as ten, but I'd be surprised. 3822. Magoseph - 5/24/2006 10:31:16 AM Did you get rid of the Odyssey?
Just went back where it came from, Arky.
3823. Magoseph - 5/24/2006 10:32:26 AM If they stop raising interest rates, who will buy the treasury bonds?
As I become aware of the economic projections, I wonder why there’s no comparison made to the financial collapse that came about in Argentina. In your opinion, is there any similarity in the US situation and theirs? I believe they collapsed when their paper was no longer wanted.
There won't be any collapse in oil and other commodities until there is a collapse in demand.
The oil consensus is so overwhelming that I tend to be suspicious of it. I suppose that’s my nature.
3824. Adam Selene - 5/24/2006 2:08:49 PM New story about shale oil extraction in the west on NPR yesterday. Story is - it can now be done for less than $50/barrel and there's more oil there than the entire Saudi reserve. There's a test site there generating about a barrel a day and it's ramping up to 1,000 per day for a proof of concept to get the oil company interest. Of course, getting pass the environmentalists won't be easy.
All we needed was higher prices and oil company profits to get past the cost barriers. There's still plenty of oil left people. 3825. Macnas - 5/24/2006 3:53:53 PM That's right Adam, there is plenty oil left. In fact, most of it that has ever been found, never mind that which has yet to be found, is still in the ground.
A very successul field will be able to take 60% of the oil in any one place, its usually between 10 and 30%. Oil is very difficult to get out, it's not in a big pool underground, but is within the rock strata, usually a kind of shale.
This is why I think alternative energy sources will still be underdeveloped when the time comes that we need them the most. Somebody will direct technology to getting rest of the oil out that isn't feasible right now.
3826. alistairconnor - 5/24/2006 4:18:08 PM And when the shale oil turns out to be snake oil, Adam will say : "Ah those pesky environmentalists."
Processing all that rock to get oil is incredibly energy-intensive, i.e. the net energy gain may be very slim or negative. It produces massive amounts of waste (that don't fit down the hole they came from).
Want to make a bet that there will be significant oil produced from shale in five years? Ten?
There is plenty of oil. It's light, sweet crude which is running out... for the moment. The point is, we are so geared to the cheap use of the easiest energy source, and wasting it, that it's far from clear that we can make the transition to a sustainable state while continuing economic growth and high standards of living.
|
