by MrBill » Thu 27 Apr 2006, 04:41:19
$this->bbcode_second_pass_quote('Lokutus', 'M')rBill,
Don't forget most people think that anyone who believes in Peak Oil is certifiable.

I am not so sure about that my good man. If they do, then they may really be the slow adopters. Here is an article that I am reading right this minute in The Economist which does not have much of a reputation for being too far out in left field on most issues of importance.
$this->bbcode_second_pass_quote('', 'U')ncertainty looks a bigger problem than high prices
HOW high can the oil price go? It is striking that so many people are even asking the question—let alone answering it, in some cases, with frightening triple-digit numbers. For most of the 1980s and 1990s, the oil price rarely strayed far from $20 a barrel. With the exception of a brief interlude following Iraq's invasion of Kuwait in 1990, the world grew used to the joys of cheap oil. But over the past four years, the price has more than tripled, to more than $70 a barrel. It is still climbing and prices in the futures market imply that oil will remain dear for several years to come. Clearly, investors believe that some comfortable old certainties have gone out of the window.
) have not sunk it yet, but many of the issues are now becoming main stream, and people are starting to realize that high energy prices may be here to stay, not to mention higher commodity prices, sky high non-precious metals and higher inflation that is supporting precious metals, too.
It has been interesting to look at this season of earnings. Some mines are reporting losses despite high prices. It seems their input costs are catching-up to the the prices they receive and eroding margins even as such things like royalties are still going up? This is when it gets interesting. When prices are already high and producers still cannot produce at a profit!
By the way, as for our Catherine Austin Fitts and her stint at HUD, do you really expect me to believe
that her Superior said that rewarding contractors was more important than getting the job done? Not likely. They may think those things, but they are rarely uttered out loud and certainly not to a Subordinate! ; - ) Quite an active imagination in any case.