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  • In Light of Peak Oil, Financial Diversification Is a Bad Idea [View article]
    Hmmm. The S&P 500.... While I am very long oil and minerals, I strongly suspect that the S&P 500 might be a sleeping giant about to awaken. If you look at USA manufacturers who have been profitable in the past few years, just imagine how further declines in the value of the dollar will provide a hurricane-like tailwind. Anyone who recalls the Bucyrus-Erie company in the 1960's would probably classify it as a quintessential rust-belt company. But look at it today! And realize that Milwaukee/Southern Wisconsin has dozens more companies just like that one. So, the falling dollar is not all bad. It just might be restoring an imbalance that sent too many jobs overseas. In fact, when viewed in that weird glow of the falling dollar, the diverse and dynamic USA economy begins to look more and more like Brazil... After all, we have great mineral wealth, monster agriculture, high-tech, excellent infrastructure, and probably also a bounty of energy supplies that have been wisely protected from development under a probably false ecological pretense. So, keep a keen eye on the S&P 500 and especially those that export goods. As the dollar sets, it may rise.
    May 31 23:08 pm |Rating: 0 0 |Link to Comment
  • An Energy Policy That Makes Sense, Revisited [View article]
    To Poet1, concerning how much crude oil is or is not available on Alaska's north slope:

    See this rather unusual discussion on youtube:

    www.youtube.com/watch?...

    I would be very interested in hearing what everyone thinks of Mr. Williams report.
    May 11 00:16 am |Rating: 0 0 |Link to Comment
  • An Energy Policy That Makes Sense, Revisited [View article]
    Reply to mickel98,

    "yet there are nearly no engineers in leadership."

    Yes, I know you said "nearly no engineers", but I thought I'd paste this link anyway:

    bartlett.house.gov/Bio.../

    Congressman Bartlett has been beating the drum about energy scarcity issues for a long time. I've seen him on C-Span and he is as knowledgeable as anyone about Peak Oil. Here is a link to his page on energy policy. (Note the Hirsch report, which is must reading.)

    bartlett.house.gov/Iss...

    Maryland should be very proud to be represented by someone with such excellent and varied credentials.
    May 09 22:05 pm |Rating: 0 0 |Link to Comment
  • Commodity Forecasters See Prices Declining [View article]

    "Bespoke Group" ??? More like science fiction theatre!
    Apr 08 23:04 pm |Rating: 0 0 |Link to Comment
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