mkwin wrote:Growth is guaranteed by constant demand in excess of supply causing prices and therefore revenue to continue to growth for a long time. The opposite is true for Real Estate in many markets. Demand is expected to temper as the US economy weakens later this year.
Is this the new doublespeak for rising oil prices? Back in the day rising prices for a good was called inflation not growth.
It seemed like the media had been given the "green" light to go all eco-conscious, all of a sudden. Also, tremendous emphasis on climate change...all of a sudden.
The scientific reports on Global Warming have been coming out since the 70's for anyone who was not in denial. Yes what did change is last fall the MSM stopped its dialectic of countering science with think-tank economic mimed denial to keep the status-quo of propoganda fueled, corporate profit feeding, over-consumption (and Gia destruction) in place.
What happened last fall? Peak Oil was having (or about to have) undeniable impact on the Western economies. Understanding the full ramifications of Peak Oil would be a game ending realization for this current delusional game masquerading as capitalism and globalization. Thus by allowing consensus on climate change, specifically focused on stopping growth of fossil fuel consumption (CO2 emissions) can keep the slaves slaving most efficiently.
Oh and by-the-way this is not acknowledgement from our controllers that they are going to slow this runaway train. Not when (in my area anyway) the polios are responding by looking to the Terminator for techno-fixes (yet ignore all our local scientists), and the CO2 sequestration is a taxpayer funded way for the oil companies to pump more oil from depleting wells!
New CO2 Enhanced Oil Recovery Technology Could Greatly Boost U.S. Oil SuppliesWashington, DC – State-of-the-art enhanced oil recovery with carbon dioxide, now recognized as a potential way of dealing with greenhouse gas emissions, could add 89 billion barrels to the recoverable oil resources of the United States, the Department of Energy has determined. Current U.S. proved reserves are 21.9 billion barrels.
Beginning efforts to develop the 89-billion-barrel addition to resources would depend on the availability of commercial CO2 in large volumes.
The Oil Depletion Protocol: An Update; MuseLetter #182 / June 2007by Richard HeinbergNow for the discouraging developments. There was not an enormous amount of immediate public or official response to the book. There has so far been no discussion of the Protocol at high levels of government in any nation-including Sweden, which has set a target for reducing petroleum dependence that is close to the Protocol’s mandate. And sales of the book have been relatively slow (about 5,000 copies so far). There are several possible explanations for the Protocol’s tepid take-off. One is the temporary moderation in global oil prices during the first months of 2007, which in turn generally cooled the growing media interest in Peak Oil (both situations will likely change soon). Another is the enormous attention focused on climate change as a result of Al Gore’s film and the release of several significant reports highlighting the rapidity of the onset of climate impacts from growing atmospheric CO2 levels. It is probably fair to say that environmental NGOs and their funders have become obsessed with the issue of climate change nearly to the exclusion of all other subjects, and discussion in government circles having to do with environmental and energy policy is being framed almost exclusively in terms of carbon emissions reduction. One gauge of the remarkable growth in attention to the climate issue is the fact that the arch-conservative owner of Fox News, Rupert Murdoch, has pledged to make his News Corp. media empire carbon neutral, and to feature the climate message in his TV programming and newspapers. When Murdoch jumps on board an environmental cause, as Amanda Griscom Little put it in
her Salon.com article on May 17 “you know we’re past the tipping point on the issue. Think landslide.”