Tony Daltorio

Extraordinary Popular Delusions and the Madness of Crowds

But you are ignoring that when those bubbles collapsed, the monetary system was based on gold. Not based on a fiat currency like the dollar. Never in history, has a fiat currency gone up in value (deflation) over a long period of time. This time will be no exception.


On Oct 14 02:49 PM Jasper M wrote:

> While Mackay's book is indeed a timely title to conjure with, I would
> remind the author that the collapse of every one of the manias he
> lists was DEflationary - mass removal of credit, and therefor money
> supply, from the system, by market forces, usually in Spite of the
> wishes of those claiming to manage such things.

Peak Oil for Dummies

To Ostrich, Sorry I mean Moral Hazards Amok,

Please get your head out of the ground. Major oil fields from Mexico to Russia to the Mid-East are rapidly depleting. And demand from the emerging economies is rapidly increasing.

The whole idea behind "Peak Oil" is not that we will run out of oil, but that we will run out of oil that be exctracted from the ground economically.

Sure they are many alternatives, but none of them yet make economic sense. They're getting closer but not yet.


On Aug 09 11:32 AM Moral Hazards Amok wrote:

> Oh, pleeeeeeeeeeease! The alarmists have been screaming about peak
> oil since the 1920s. They were obviously wrong then and they're also
> wrong now. Oil shale, oil sands, and new technologies allowing producers
> access to oil fields of much greater capacity than anything we've
> tapped so far... We're swimming in the stuff if the democrats and
> their radical Marxist allays will just allow us to produce it.<br/>
>
> Let me also point out that our natural gas reserves in the US contain
> more twice the energy contained in the oil fields of Saudi Arabia.
> It's very easy to start building trucks and cars that run on NG,
> and indeed we will soon start making that transition. Epiphany, folks,
> it’s very easy to transition to a NG transportation economy and we’re
> beginning to do so. Problem solved for several more generations.
>
>
> A much better article would have been about why peak oil is a myth,
> complete with much better references. But then again, no doubt our
> young author probably has a political agenda.

Crude Oil Demand and the Quick Recovery Hoax

You are making the same mistake that many investors - you are fluffing off the growth in energy demand from the emerging world. It is that growth which is key to the future price oil, not energy demand in the US.