Bill James

'Green Shoots' Not a Phrase Used by Those Who Know

There can be an economic boom if we repeat the lesson learned from de-monopolize communications infrastructure in 1984, the Internet and cell networks.

Mobilizing to fight World War I, bureaucracies were established to manage communications, transportation and power generation infrastructure. They froze in time the great innovations of at their founding of Bell, Ford, Edison and the Wright Brothers. In 1984 innovation was allowed in communications infrastructure; power generation and transportation infrastructure remain protected by monopolies.

Why do we pay to move a ton to move a person in repetitive, congested urban transport? Highways that kill 43,000 people a year are not the ultimate pinnacle of our engineering skills. Long-haul freight rail moves cargo 97.2 times more efficiently than we move cargo and people in cities. Morgantown's Personal Rapid Transit network has delivered 110 million injury-free passenger miles.

If we want a stronger economy we need to break the design monopolies over infrastructure.

Financials To Resume Meltdown Momentarily

Sorry, the link to WSJ article on the decline in World Oil Exports was clipped online.wsj.com/article...

The data is gathered but not directly reported by EIA or IEA.
www.eia.doe.gov/emeu/i...
www.eia.doe.gov/emeu/i...

Financials To Resume Meltdown Momentarily

Until we change the lifeblood of our economy from oil, oil will dominate the economy. Amazingly a littel recognized fact is that the amount of oil available to be purchased (World Oil Exports) peaked in 2005 at 46.342 mbpd (http:// http//online.wsj.com/a...

Since the deficit has grown to 3 times the deficit of the 1973 Oil Embargo. The consequences is unstable oil prices. By 2010 the rate of decline will likely be 8% per year.

If we re-tool transportation and power generation, growing efficiency, we can make the corner. If we do not, energy growth is negative and will cause economic growth to be negative. seekingalpha.com/artic...