DIGGER

Wall Street Breakfast: Must-Know News

Not all Repubs are right wing nuts nor all Dems Marxists. The current problem stems from sheer hubris and CFOs who failed to ask themselves "what if...? Not being an economic guru, I ask myself and others, why is it necessary to focus on past debt when the current problem is one of borrowing capacity? Why can't the experts come up with a package that assures govt. backing if someone wants to borrow. The old debt can be handled by bnakruptcy judges..Just a thought....

Should We Listen to Boone Pickens on Oil?

Jimmy Carter did not get many things right, but his take on energy was right on. He advocated research and development to take us to a sort of quasi post oil energy era. If his suggestions had been heeded and the effort sustained, the current energy problems might be moot. Pickens is on the right track and it is time to move on. I don't subscribe to much of the man's politics, but energy dependence is not nor should be a political matter.

Speculation and the Price of Oil

What I think I just read and am digesting is that there is (1) an ongoing shortage of oil & gas brought about by a more or less constant supply that can not meet increasing world demand(2) Speculators are ostensibly short term players, otherwise they would be investors(3) The industrial world had better find new energy sources PDQ, as the oil producers can readily adjust to supply and demand by turning off the pumps.