Bob Morris @ Jul 15th 2008 20:30 - Category: Credit crisis ;
Blogged from the Kohala Coffee Mill on The Big Island in Hawaii, where we’re not thinking too much about the crazed financial markets for the next several days.
Bob Morris @ Jul 15th 2008 15:47 - Category: Credit crisis ;
How come every time a WSJ editorial tells us not to panic, we learn in subsequent hindsight, that Panicking is pretty much exactly what we should be doing?
Only the truly cynical would say such rose-glasses editorials would give investment banks time to short the stocks they’re telling us are safe.
Bob Morris @ Jul 15th 2008 11:32 - Category: Peak oil ;
To paraphrase Waylon Jennings, Don’t you think this doomster bit has done got out of hand.
That’s what Paul Kedrofsky asked on Twitter, “are peak oil theorists turning into doomster defeatists?”, linking to a discussion on The Oil Drum.
Yeah, some are. Peak oil and global warming have become religion to them and deviations from the doctrine are not tolerated. Then there’s the positive delight they obviously take in describing the imminent collapse of civilization due to our profligate, sinful ways. How very Old Testament of them.
Well, darn it, I don’t want to live in a yurt and spend my days capturing small furry creatures to eat for dinner. Nor do I think that’s going to happen. Do we face serious challenges? Absolutely. But, hey, the Black Death took out more than 50% of the known population of the planet and guess what, the rest survived and a few decades later, positively prospered. (Because there were less people and thus more resources. Not that I’m hoping for a die-off.)
So, I think we’ll muddle through.
Bob Morris @ Jul 15th 2008 07:34 - Category: Peak oil ;
Jim Kuntsler on how the end of cheap oil quite possibly means the end of mass-scale enterprises like industrial farming and a rise in political turmoil as the dispossessed see their way of life slip away. Kuntsler is even less optimistic than Matt Simmons about the possibility of renewable energy supplying much of our needs.
Bob Morris @ Jul 15th 2008 00:15 - Category: Unfiled ;
It’s now at 9%. Worse than Bush.
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