Enough Wealth

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    • Sun Jul 6th 04:28 AM | Rating: 0 0
      Commented on:
      And You Think Today's Gas Prices Are High?
      It's even cheaper today if you also take into account the fuel efficiency of modern cars compared to the 70's and 80's or earlier.

      eg. A plot of the cost to drive 1,000 miles in a the 'average' car for the period vs. per-capita disposable income.
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    • Sun Jun 15th 07:41 AM | Rating: 0 0
      Commented on:
      The Great Oil Deception: Part Two
      Even if the cost of production facilties, drill rigs etc. is largely cyclical, that doesn't mean the cost of finding oil isn't on an exponential upward trend. That's because the cost of finding oil depends on the ratio of wells dug to commercial oil fields found. I don't have the data available, but I've got the impression that the number of exploration wells dug per oil find has increased, and the average size of finds has been getting smaller and smaller. Also, although the cost of like infrastructure may return to previous real cost levels after the current speculative bubble in oil and commodities corrects, the nature of production equipment required has changed over time - these days there are few new large oil finds conveniently located on land, instead, new production is off-shore, and tending to be in deeper water (and therefore need more expensive production facilities).

      If you have the data, it would be interesting to see a plot of number of exploration wells dug per GL of oil resource found, and also the average size of new production fields brought online over time.
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    • Sun May 25th 07:39 AM | Rating: 0 0
      Commented on:
      Is the US Dollar Doomed?
      The USD is not doomed, just heading back down to the 5 peso value it had in 1995...

      Although high inflation kills a currency over time, it's not the short-term increase in inflation due to oil prices etc. that is the biggest problem. Rather it's because the US government runs large deficits over an extended period.

      Being a foreign investor or government holding USD is a bit like an investor with shares in a company that keeps issuing new shares in order to raise funds that are then spent unwisely. Eventually the shareholders will stop taking up the share issues, and will start off-loading their stock, causing the price to tank.
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    • Fri Mar 7th 07:45 AM | Rating: 0 0
      Commented on:
      Apple's iPhone 2.0 'Bigger than the Personal Computer'
      Maybe -- but I wouldn't bet on it. The Mac OS has been better than Windows for more than a decade, but it still can't get more than 10% of the desktop market. Why? Too expensive.

      The same will probably happen with the iPhone. There's a certain percentage of the market that will pay a premium for the iPhone, but the rest will just go for a cheaper alternative that provides a *similar* product for 20%-50% lower pricing.
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