tag:blogger.com,1999:blog-11719208.post6758302257549109292..comments2023-11-05T04:36:14.223-08:00Comments on The Mess That Greenspan Made: The Economist weighs in on the price of oilTimhttp://www.blogger.com/profile/16530974968126497397noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-11719208.post-83710594077732484382008-06-03T04:21:00.000-07:002008-06-03T04:21:00.000-07:00I agree with all of the above (see it's easy to fo...I agree with all of the above (see it's easy to follow the crowd and write with no imagination or creativity). However, I want to make the point that in the USA we need to stop listening to the whining cultlike ministrations of organized environmentalism. Sure, we all want a clean planet and no pollution and to save the polar bear but the reality is there is no real crisis there. The crisis is with the US debt, sinking dollar and worldwide high demand for oil. So I say to you all... Drill for oil in the USA... www.drill4oil.usAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-11719208.post-77530073699134122102008-06-02T07:20:00.000-07:002008-06-02T07:20:00.000-07:00Agree that the Economist article was inept and sha...Agree that the Economist article was inept and shallow. It waffled and tossed around jargon. Whoever wrote it obviously did his research in a cozy bar in Washington instead of a raucous pub in London. If the author had bothered to visit the pub he would have spoken to real traders.<BR/><BR/>Basically, it was slapdash and designed to cash in on the topic du jour.<BR/><BR/>Disclosure: I am an oil trader.<BR/><BR/>The Economist is starting to get sloppy, drifting toward People and Time magazine type of journalism.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-11719208.post-84811849639187251062008-06-01T19:24:00.000-07:002008-06-01T19:24:00.000-07:00The Economist article is weak, but the comments ar...The Economist article is weak, but the comments are encouraging. The feedback that generated by far the most recommendations were ones critical of the article, asking how it downplays the rapid decline of the US dollar and dismisses the entire concept of peak oil without explanation. <BR/><BR/>Looks like more people are starting to "get it" and even more will when it becomes obvious that the stimulus checks did not have their desired effect. <BR/><BR/>One side note- did everyone see that the government says after-tax incomes were flat in April despite bogus CPI numbers and stimulus checks being counted as income?<BR/><BR/>http://www.marketwatch.com/news/story/inflation-wipes-out-income-gains/story.aspx?guid=%7B2C005308%2DA4C7%2D406F%2D94A2%2D0031B06BD0FC%7DAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-11719208.post-38297996718125298562008-06-01T13:51:00.000-07:002008-06-01T13:51:00.000-07:00Tim,A must read:Cassidy: How Silicon Valley famili...Tim,<BR/><BR/>A must read:<BR/><BR/>Cassidy: How Silicon Valley families are downsizing their lives<BR/>http://www.mercurynews.com/ci_9444900<BR/><BR/>.....<BR/>.....<BR/>And even those well beyond middle class, like computer scientists Radha Chandika and Ravi Duvvuri, are discovering they've got it good, but not nearly as good as they once had it. Chandika and her husband, Duvvuri, moved to Silicon Valley in 1994 and joined the successful tech crowd.<BR/><BR/>By early 2007, they had two kids and a house in Cupertino. Duvvuri was a software architect at Blue Coat Systems, and Chandika was a software engineer at Google. Their household income was about $300,000.<BR/><BR/>Duvvuri left his job to start an Indian social-networking company with a friend and former business partner, reducing the family income by about half. He says he would have done it no matter the economic conditions, but with rising prices the family has cut spending more than they anticipated.<BR/><BR/>Duvvuri, who draws no salary, says he's concluded the Bay Area is no place to live as a family on one income. At the end of the year, he and Chandika plan to move their family back to India, where their lives and prospects will be better.<BR/><BR/>"I have more reasons to go back," he says, "than to stay."<BR/><BR/>But more than all that, the Big Squeeze has Chandika and Duvvuri thinking about how lucky they are and how difficult tough times must be for those who have much less.<BR/><BR/>.....<BR/>.....Anonymousnoreply@blogger.com