The State of the US Economy. Poverty and America’s “Mega-Rich”. Rigged Markets and the Collapse of the “Real Economy”
The FED has been busy little beavers!
The State of the US Economy. Poverty and America’s “Mega-Rich”. Rigged Markets and the Collapse of the “Real Economy”
Cog wrote:Is shorty getting into palm reading and seances now?
onlooker wrote:The State of the US Economy. Poverty and America’s “Mega-Rich”. Rigged Markets and the Collapse of the “Real Economy”
https://www.globalresearch.ca/the-state ... my/5679785
Argentina is slowly going Venezuela. A power blackout has hit Argentina.
Yoshua wrote: A power blackout has hit Argentina.
https://www.bbc.com/news/world-latin-america-48652686A massive electrical failure has left almost all of Argentina and Uruguay without power, according to a major Argentine electricity provider.
Things would perhaps been a lot better if Argentina had large reserves of conventional oil and gas reserves? But that is not the reality of today.
Argentina’s El Tordillo field, 1959, described in SPE 113334, is a good example. OOIP 2,665,714 barrels of 33° low sulfur crude. Lots of very small fields that will never be developed.
shortonoil wrote:Things would perhaps been a lot better if Argentina had large reserves of conventional oil and gas reserves? But that is not the reality of today.
Argentina has a significant supply of very good quality oil. The problem is that it lays in very small fields. The majors developed fields in the Middle East, and in the states instead. Argentina’s El Tordillo field, 1959, described in SPE 113334, is a good example. OOIP 2,665,714 barrels of 33° low sulfur crude. Lots of very small fields that will never be developed. The rest of the world has now run into the same situation.
StarvingLion wrote:The Stock Market is the Economy...
shortonoil wrote:The energy efficiency of the U.S economy is 32 percent...68 percent goes to waste heat.
https://pbs.twimg.com/media/D901VumX4AE ... me=900x900
That is 1,603 usable BTU per $ of GDP. Frying an egg is getting expensive; running a refinery must be horrible. Compared to 1970 it's a nightmare. In 1970 gross energy (which doesn't account for waste heat) was selling for 58,650 BTU per $. It is now 4,790 gross BTU per $. Around 3,750 gross BTU per $, everything stops working.
EdwinSm wrote:Maybe 11 years overdue , but this does seem to be the sort of thing Richard C Duncan was warning in his Olduvai Theory that electricity production and consumption are getting so complicated that a break could easily bring down the whole system.
That is 1,603 usable BTU per $ of GDP
'll check numbers those numbers on the day you pay off on your bet"
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