I think this is the beginnings of an economy based on perpetual growth and fossil fuel energy running headlong into geological energy constraints. Basically I see an undulatory downward path for the rest of my life. From here out, I think any rallies in our economic condition are going to be met with spiking commodity prices that knock us right back down.
Posted: Fri Jul 25, 2008 7:48 pm Post subject: Re: Review of the Olduvai Gorge
Like any successful business person, Boone is an opportunist, insightful, and ruthless. Well, the sheep need a shepherd, and some of them go to slaughter. Without the shepherd, less of them would live as well, or as long. _________________ Local fix-it guy..
Posted: Mon Aug 11, 2008 9:20 am Post subject: Re: Review of the Olduvai Gorge
Well almost finished with the summer, no blackouts in this city. Now to be fair in some other areas there were brownouts, but that isn't terribly uncommon.
Joined: Dec 27, 2004 Posts: 13065 Location: naive idiot fantasy world
Posted: Mon Aug 11, 2008 10:52 am Post subject: Re: Review of the Olduvai Gorge
outcast wrote:
I'm still not seeing the mystical gorge.
Yep, as long as things are fine at your house, things are fine all over. _________________ "...powerdown so soft and fluffy you'll think you're living in a pillow." - jboogy
Joined: Dec 25, 2005 Posts: 602 Location: Hillsboro, West Virginia
Posted: Wed Aug 13, 2008 7:06 am Post subject: Re: Review of the Olduvai Gorge
patience wrote:
Like any successful business person, Boone is an opportunist, insightful, and ruthless. Well, the sheep need a shepherd, and some of them go to slaughter. Without the shepherd, less of them would live as well, or as long.
Yes, the sheep do need a shepherd. Have you ever noticed how often, in a democracy or a democratic republic, political leaders debate all sides of a question and then choose the worst of the possible courses of action, in some cases because of stupidity, in others out of venality, and the rest of the time out of damn-the-devil cussedness? The shepherd must not be stupid, venal, or cocky, and he must be able to crack the whip on those who are.
Posted: Sat Aug 30, 2008 3:21 am Post subject: Re: Review of the Olduvai Gorge
Ludi wrote:
HKFarmboy wrote:
Boony is way ahead of the curve as usual. and positioned to line his own pockets at the expense of the taxpayer, as usual.
You got it.
is that why they call him "Pickens".
I can't speak for the rest of the nation but over here in Washington state thanks to the many hydroelectric dams we have more electricity then you can shake a stick at.
Quote:
Oregon and Washington can't use all the electricity that's available. And southbound transmission lines that are at capacity can't take the extra power California consumers otherwise would eagerly devour.
So long as those "greenies" don't knock down our dams to save the salmon we'll be okay. _________________ joeltrout Oct-2008: Dow 13,000 in three years
Greenies aka watermelons, green on the outside but RED on the inside. _________________ "Once the game is over, the king and the pawn go back in the same box."
-Italian Proverb
CARACAS (Reuters) - A power blackout hit major parts of Venezuela on Monday, including the capital and an oil-producing province, darkening buildings, knocking out traffic lights and disrupting plane and train journeys.
It was the second massive outage in just over four months on the OPEC nation's electricity grid, which is creaking from outdated infrastructure and low investment.
There were no reports of problems in the country's mainstay oil industry, which is a leading supplier to the United States, the state oil company said.
In some areas, such as the central commercial city of Barquisimeto, electricity was lost for only a few seconds.
And the government moved to assure residents that electricity was being restored quickly in affected areas.
Supply began returning to parts of the capital and would soon start to be restored in other regions, a senior government electricity official, Hipolito Izquierdo, told state television.
_________________ Cogito, ergo non satis bibivi
C'mon man, who're you gonna believe?
Joined: Sep 13, 2008 Posts: 1 Location: Santa Cruz
Posted: Sat Sep 13, 2008 8:43 pm Post subject: Re: Review of the Olduvai Gorge
There are some that deny peak oil even exists. That may do more to create the Olduvai Gorge than this web site can do to prevent it. The prospect of a Depression is more likely due to the finance markets than oil. We saw oil hit nearly $150. The price of crude rose about 20% a year for the last 5 years. Maybe that is the breaking point for the world economy.
No mater when the decline of oil, coal & natural gas reserves is of primary interest, at least the price of that energy has gotten the world's attention.
Changing from gasoline to natural gas as T. Boone Pickins suggests, is only replacing the strain on one nonrenewable energy source with another. Hurricanes are disrupting the refining process and increasing the price of gasoline even though the price of oi is still dropping.
CONSERVATION, CONSERVATION, CONSERVATION! Not drill drill drill.
Our economy requires it.
Posted: Mon Sep 29, 2008 1:59 pm Post subject: Re: Review of the Olduvai Gorge
mos6507 wrote:
Concerned wrote:
Greenies aka watermelons, green on the outside but RED on the inside.
Nice. Did you get that one from Rush?
Nope got it from the Liberals (conservative govt.) in Australia when the greens were making good ground.
I find politics, human greed and how we rationalize things hilarious, depressing mostly tragic.
Oh well end game will really be upon us in 10 years or so. Enjoy things while you still can. _________________ "Once the game is over, the king and the pawn go back in the same box."
-Italian Proverb
Posted: Mon Sep 29, 2008 7:00 pm Post subject: Re: Review of the Olduvai Gorge
It's what the Green party here is Canada is, green outside, conservative inside. Elizabeth May, party leader, was a long-time Conservative party operative and great admirer of Brian Mulroney (Conservative party leader (one of our most hated and corrupt Prime Ministers)
Concerned wrote:
mos6507 wrote:
Concerned wrote:
Greenies aka watermelons, green on the outside but RED on the inside.
Nice. Did you get that one from Rush?
Nope got it from the Liberals (conservative govt.) in Australia when the greens were making good ground.
I find politics, human greed and how we rationalize things hilarious, depressing mostly tragic.
Oh well end game will really be upon us in 10 years or so. Enjoy things while you still can.
_________________ Gravity is not a force, it is a boundary layer.
Everything is coincident.
Love: the state of suspended anticipation.
To get any appreciable distance from the Earth in
a sensible amount of time, you must lie.
Joined: Oct 15, 2004 Posts: 2244 Location: Arkansas
Posted: Tue Sep 30, 2008 4:52 pm Post subject: Re: Review of the Olduvai Gorge
Patriot Coal is closing a West Virginia mine due to rising costs. It raises a lot of interesting questions.
Quote:
Patriot Coal idles West Virginia mineSeptember 30, 2008 9:37 AM ET advertisement
Article tools E-mail this article Print-friendly version Discuss this articleStocks mentioned in this articlePatriot Coal Corp (PCX) Stock Quote, Chart, News, Add to WatchlistRelated newsMarket Report -- In Play (PCX)Patriot Coal Idles Jupiter Mining ComplexPatriot Coal's Guyan Mine Receives Coveted Sentinels of Safety AwardPatriot Coal Announces Sales & Marketing Organization
All Associated Press newsCHARLESTON, W.Va. (AP) - Patriot Coal is idling a West Virginia mine due to high costs.
St. Louis-based Patriot said Monday the closure of a companion surface mine slashed productivity and forced up costs at the remaining underground mine in its Jupiter Complex in Boone County. Patriot's also blaming a shortage of skilled miners, increased federal safety inspections and difficult geology. The underground mine produced steam coal for sale to electric utilities.
Patriot says it plans to offer Jupiter miners jobs at mines it owns nearby. CEO Rick Whiting says that should help ease recent labor shortages.
Patriot Coal Corp. operates mines in West Virginia and Kentucky. It was spun off by St. Louis-based Peabody Energy last November.
Joined: Oct 15, 2004 Posts: 2244 Location: Arkansas
Posted: Thu Oct 02, 2008 7:13 am Post subject: Re: Review of the Olduvai Gorge
Economic crisis continues to affect power. US Secretary of the Energy says credit crisis puts building of new nuclear power plants at risk.
Quote:
PARIS: Growth in the construction of new nuclear plants worldwide is at risk because of the global financial crisis, US Energy Secretary Samuel Bodman said on Wednesday, adding that short-term projects like oil drilling are more likely to go ahead.
During a visit to Paris, Bodman said the crisis could have an impact on the ``nuclear renaissance'' that is sweeping the industry as countries around the globe search for alternatives to fossil fuels.
Long-term projects like nuclear plant building ``are the ones that are going to be the most difficult to finance,'' he told reporters. While Bodman said he is hopeful the financial crisis will be resolved, ``long term projects are at risk, I would think.''
The US has 104 commercial reactors that supply about 20 per cent of the country's power. The US Energy Department projects 45 per cent growth in national electricity demand by 2030, meaning 35 to 50 new nuclear plants would be needed by then just to maintain nuclear's share of the energy market.
A failure of the US to resolve the ongoing financial crisis would have ``a significant impact'' on energy demand there, Bodman said on the sidelines of an international nuclear energy conference.
``That's what the president has been saying, that's what we've all been saying,'' Bodman said. ``That's what leads to the need to come up with a solution.''
While long-term nuclear projects are at risk, short-term projects such as oil drilling shouldn't be affected, Bodman said, because the industry is less reliant on bank borrowing.
``I would guess in large measure they would proceed. But again, I don't want to forecast exactly what they do,'' Bodman said.
Bodman also said he expects US oil refining capacity in the Gulf of Mexico to come back to pre-hurricane Ike and Gustav levels in four or five weeks.
``It's been less rapid than I hoped it might be,'' Bodman said. ``I thought it would be two or three weeks, it's probably going to be four or five, that kind of time frame. It's not going to be 10.''
Hurricanes Gustav and Ike shut down nearly 100 percent of oil and natural gas production in the Gulf for several weeks.
Asked if he was worried about Russia's expanding cooperation with the OPEC oil producing cartel, Bodman said ``We don't encourage that.''
``Am I worried? I don't lose a lot of sleep over it. But it's not an encouraging position,'' Bodman said. Russia agreed earlier this month to sign a cooperation agreement with OPEC.
Bodman said he hoped Russia would focus more on encouraging companies from around the world to invest in its oil and gas industry but that it ``seems to be more interested in OPEC and making deals with OPEC. That gives me some pause.''
Russia is the second-largest oil and gas producer, just behind Saudi Arabia, making closer ties to OPEC, which dominates world oil production, potentially bad news for major fossil fuel consumers, including the US and Europe.
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There are some that deny peak oil even exists. That may do more to create the Olduvai Gorge than this web site can do to prevent it. The prospect of a Depression is more likely due to the finance markets than oil. We saw oil hit nearly $150. The price of crude rose about 20% a year for the last 5 years. Maybe that is the breaking point for the world economy.
