Michael Ringold's Comments RSS Syndication from SeekingAlpha.com http://seekingalpha.comuser/7306/comments http://seekingalpha.com/article/16623-one-tank-of-ethanol-food-for-one-year?source=feed#comment-64839 64839
Anyway, it would be irrational, and a detriment to our economy and therefore the global economy, to avoid ethanol technology on the basis that what drives its production just so happens to be the raw material that is used to make food. We're simply optimizing, creating new wealth in new industries. The best thing these poor folks could do isn't wait for a hand-out but start growing corn, grain, or anything else that we're consuming voraciously and driving up the prices for. That's a win-win for everybody, but sometimes it's hard for socialists to understand that. Much easier to play a guilt card.]]> Tue, 19 Sep 2006 14:44:05 -0400
Anyway, it would be irrational, and a detriment to our economy and therefore the global economy, to avoid ethanol technology on the basis that what drives its production just so happens to be the raw material that is used to make food. We're simply optimizing, creating new wealth in new industries. The best thing these poor folks could do isn't wait for a hand-out but start growing corn, grain, or anything else that we're consuming voraciously and driving up the prices for. That's a win-win for everybody, but sometimes it's hard for socialists to understand that. Much easier to play a guilt card.]]> http://seekingalpha.com/article/16705-u-s-trade-deficit-not-as-ominous-as-it-sounds?source=feed#comment-63381 63381 Tue, 12 Sep 2006 14:42:31 -0400 http://seekingalpha.com/article/15869-oil-s-slippery-slope-why-crude-and-oil-stocks-may-be-headed-down-fast?source=feed#comment-60271 60271
Why make all these elaborate points that all have such simple counterpoints when a much more traditional concept would do just as well? Something like this: Consumers fail to reduce energy consumption, and instead must make cuts elsewhere. Those other cuts slow the economy, slowing compensation growth, boost unemployment, etc. Those that aren't making as much or are out of work won't be consuming nearly as much energy, thereby moderating energy prices a little.

As in many things in life, the truth if often somewhere in the middle. It won't be doomsday, and I'm pretty sure it won't be as peachy-keen as you're thinking it will be either.... in the long run.

In the short run, you might be right, for a few months. Given that it's debated outside the investing world whether supply can expand much beyond its current level even if it wanted to though, I personally find the "reference" projection, or something slightly more cynical but not "worst case" much more believable than a long-term return oil below $40. If this were a normal business that could expand supply to meet demand, sure, but when 'god', or Earth, doesn't allow supply to expand, well then...]]> Thu, 24 Aug 2006 00:54:43 -0400
Why make all these elaborate points that all have such simple counterpoints when a much more traditional concept would do just as well? Something like this: Consumers fail to reduce energy consumption, and instead must make cuts elsewhere. Those other cuts slow the economy, slowing compensation growth, boost unemployment, etc. Those that aren't making as much or are out of work won't be consuming nearly as much energy, thereby moderating energy prices a little.

As in many things in life, the truth if often somewhere in the middle. It won't be doomsday, and I'm pretty sure it won't be as peachy-keen as you're thinking it will be either.... in the long run.

In the short run, you might be right, for a few months. Given that it's debated outside the investing world whether supply can expand much beyond its current level even if it wanted to though, I personally find the "reference" projection, or something slightly more cynical but not "worst case" much more believable than a long-term return oil below $40. If this were a normal business that could expand supply to meet demand, sure, but when 'god', or Earth, doesn't allow supply to expand, well then...]]>