Exploring Hydrocarbon Depletion
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Repent wrote:C) The chance of this actually occuring is about infinity to 1 against, and that the CEO must be from a different planet or lives in an alternate reality compared to the one I live in.
In January 1912, the United States emerged from a two-year recession. Nineteen more followed—along with a century of phenomenal economic growth. Americans in real terms are 700% wealthier today.
In hindsight it seems obvious that emerging technologies circa 1912—electrification, telephony, the dawn of the automobile age, the invention of stainless steel and the radio amplifier—would foster such growth. Yet even knowledgeable contemporary observers failed to grasp their transformational power.
In January 2012, we sit again on the cusp of three grand technological transformations with the potential to rival that of the past century. All find their epicenters in America: big data, smart manufacturing and the wireless revolution.
Information technology has entered a big-data era. Processing power and data storage are virtually free. A hand-held device, the iPhone, has computing power that shames the 1970s-era IBM mainframe. The Internet is evolving into the "cloud"—a network of thousands of data centers any one of which makes a 1990 supercomputer look antediluvian. From social media to medical revolutions anchored in metadata analyses, wherein astronomical feats of data crunching enable heretofore unimaginable services and businesses, we are on the cusp of unimaginable new markets.
we are on the cusp of unimaginable new markets.
Nearly half of Americans live in a household that receives government assistance.
This stunning finding comes from a new report from a George Mason University-based research center.
More than one-in-three Americans lived in a household getting Medicaid, food stamps or other means-based government assistance in 2010.
When you add in those getting Social Security, Medicare and unemployment benefits, it represents almost half of the country.
More than 148,000,000 Americans.
The federal government sent a record total of $2 trillion to individuals in 2010. The stunning part is that's up 75% from a decade ago.
There's another new study from the conservative think tank the Heritage Foundation that shows the public's dependence on the federal government shot up 23% in just two-years under President Obama.
This comes at a time when fewer Americans - less than half of us - pay income taxes.
What does it mean when half of Americans live in a household that gets government assistance?...
Armageddon wrote:Shhhh, don't tell that to Oily, we are in the middle of a huge economic boom. Party like it's 1999.
OilFinder2 wrote:In January 1912, the United States emerged from a two-year recession. Nineteen more followed—along with a century of phenomenal economic growth. Americans in real terms are 700% wealthier today.
The coming massive U.S. growth
As I have discussed repeatedly in my Energy Technolution pieces, the United States is rapidly becoming energy self-sufficient. The combination of new and improved technologies in oil drilling, natural gas extraction, nuclear power, solar conversion, energy efficiency, combustion engines, hybrid cars, fuel cells, etc., have put the United States on an unstoppable path to being free of importing oil for consumption.
The only question left is how quickly the United States becomes energy independent. If current trends are not interrupted by ideological dogma from either side, the right thwarting smart alternative energy development or the left preventing reasonable oil and natural gas drilling, it appears that America's net energy independence day could occur by decade end. When it does occur, the positive economic impact will be gigantic. The falling household debt to GDP, while largely tied to deleveraging, can be seen as a preview of things to come.
Coinciding with America's impending energy independence is the gradually ramping up of the production of metals, minerals and food for export from America. On its own, the United States position as an agricultural exporter should generate net trade surpluses exceeding $100 billion per year by around the turn of the decade.
Already in 2011, net agricultural exports were over $42 billion. With modest exports of natural gas and distillates, continued export of coal and the addition of more exports of iron ore, molybdenum and other metals, it is not unreasonable to see net trade surpluses of commodities and food into the several hundreds of billions of dollars annually by the 2020s as global demand increases.
Add to those commodity and agriculture exports the advantage in high-end manufacturing the United States is reasserting, technology development via America's robust R&D and its leading edge medicine, and you should be able to see what I see: the United States will soon have the ability to overcome its demographically driven financial challenges.
So long as Americans do not allow hoarding of wealth by the few through ideologically driven policy or sloth by those who would choose not to contribute through honorable labor, the United States, and its currency, are in very good condition over time.
A new study that carefully examined China's prices and consumption patterns concluded that it is far wealthier than the widely used data indicate. According to this study, China's economy may already be as much as 20% larger than the US economy.
Armageddon wrote:Let's see, new home construction, which is the backbone of the US economy and creates millions of jobs directly and indirectly, went from 2.5 million homes per month to 400,000 per month. Wake me up when it's atleast 750.000. (hint, never again)
David Tepper, the hedge-fund manager who runs the $15 billion Appaloosa Management LP, said he’s bullish on U.S. stocks as the economy is set to grow by as much as 3 percent this year.
“This country is on the verge of an explosion of greatness,” Tepper said today in an interview on Bloomberg Television’s “Market Makers.” “The key is to be long equities this year.”
Tepper said investors should own stocks because they’re historically inexpensive, U.S. companies have little debt, interest rates are low, credit is fully valued and the major risks to the global economy, such as a debt crisis in Europe, have diminished. Short Hills, New Jersey-based Appaloosa, which celebrates its 20th anniversary this year, returned 30 percent in 2012, he said.
Is that right? How does it work? Oily is always here promoting the next 'big thing' (whether it is tight shale oil in Ubuckestan or housing development in Slab City, Salton Sea). So you see him playing us? Oh My God!! I am so humiliated! I thought I was getting richCloud9 wrote:Last time he said this wasn't he talking his book and taking money out of the market while he was pushing others in?
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