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Hoarding is exactly what the government is doing right now by filling the SPR, and frankly it's the best thing that could happen. It drives prices up. High prices encourage demand destruction. They also finance new well development. The hoarded oil gives us a buffer to fall back on once shortages become more prevalent. High prices are what we need in order to adapt to what's coming, and the sooner they happen, the better.

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Author Message
  Topic: Relocalization and Cottage Industry
IslandCrow

Replies: 6
Views: 149

PostForum: Planning For The Future   Posted: Wed Jul 23, 2008 11:54 pm   Subject: Re: Relocalization and Cottage Industry
Maybe here is the place to explore this, or maybe in the economy thread. As I look to the future I want to encourage relocalisation and cottage industry - BUT: -

Because most of the cottage indust ...
  Topic: U.S. highway fatalities down 9% thus far in 2008
IslandCrow

Replies: 13
Views: 303

PostForum: Current Events   Posted: Wed Jul 23, 2008 1:07 pm   Subject: Re: U.S. highway fatalities down 9% thus far in 2008
Thanks for the info EB. 9% reduction is a huge number! Smile

This answers the short term part of a question that is going through my mind, but not the long term:

BAckground: In less developed c ...
  Topic: Any middle grounders here?
IslandCrow

Replies: 45
Views: 1165

PostForum: Peak Oil Discussion   Posted: Wed Jul 23, 2008 10:21 am   Subject: Re: Any middle grounders here?
MAN. This elegant little biped has long been valued as a delicacy. It forms a traditional part of the Autumn Feast, and is served between the fish and the joint. Each Man-

This was from a cookbook ...
  Topic: The Spreading Food Crisis Thread (U.S. & World)
IslandCrow

Replies: 1480
Views: 60883

PostForum: Current Events   Posted: Sat Jul 19, 2008 3:23 am   Subject: Re: The Spreading Food Crisis Thread (U.S. & World)
10 kg per person per month: [url=http://news.bbc.co.uk/2/hi/africa/7514171.stm]Big cut in Ethiopian food rations

One of my files giving approximate amounts of food need has the following breakdown ...
  Topic: $2.62 trillion in US bank deposits are uninsured by FDIC
IslandCrow

Replies: 16
Views: 695

PostForum: Economics & Finance   Posted: Thu Jul 17, 2008 4:18 am   Subject: Re: $2.62 trillion in US bank deposits are uninsured by FDIC
And over here in Finland my protection is only for € 25 000 (currently about US$ 40 000)!

Although the way the dollar is tanking I might soon have the same protection as in the States. Twisted Evil
  Topic: 'Old-timer' status tag
IslandCrow

Replies: 15
Views: 510

PostForum: Suggestion Box   Posted: Tue Jul 15, 2008 3:40 am   Subject: Re: 'Old-timer' status tag
And a Medal of Freedom.

Make my medal out of gold please.



Edited to add: [url=http://news.bbc.co.uk/2/hi/africa/7502716.stm]Link: Ghana gives out gold medals
  Topic: Confessions of a Grocery stocker .
IslandCrow

Replies: 70
Views: 4109

PostForum: Peak Oil Discussion   Posted: Tue Jul 15, 2008 2:39 am   Subject: Re: Confessions of a Grocery stocker .
In the grocery store, everything was smaller also. Over the years, they started to compete by increasing portion size of everything because it was the cheapest thing they could do.

Recently we inhe ...
  Topic: The only thing we have to fear...is loss of faith in banks!
IslandCrow

Replies: 13
Views: 840

PostForum: Economics & Finance   Posted: Sun Jul 13, 2008 11:26 pm   Subject: Re: The only thing we have to fear...is loss of faith in ban
"...virtually uninterrupted access," huh? That's so reassuring. Not. Rolling Eyes
Well with the recent take over, the announced plan was that the internet banking would be down all weekend and only com ...
  Topic: Housing & Economic Collapse - In Progress - #2
IslandCrow

Replies: 1351
Views: 75889

PostForum: Economics & Finance   Posted: Sun Jul 13, 2008 7:13 am   Subject: Re: Housing & Economic Collapse - In Progress - #2
Thank you to all the regular posters here. There has been lots of good information long before it hits the main news that I read. Keep up the good work Smile
  Topic: Fortis CEO gets the boot
IslandCrow

Replies: 5
Views: 499

PostForum: Current Events   Posted: Sun Jul 13, 2008 1:52 am   Subject: Re: Fortis CEO gets the boot
One problem was that he did not come clean early enough with the shareholders about the problems the bank was facing and had earlier said everything was fine.

Jean-Paul Votron's resignation comes a ...
  Topic: Anyone live near Waterloo (Canada)?
IslandCrow

Replies: 11
Views: 356

PostForum: Americas Discussion   Posted: Fri Jul 11, 2008 7:18 am   Subject: Re: Anyone live near Waterloo (Canada)?
The area should hold a few Old Order Mennonites (bit like the Amish), but I don't think that type of group is what you are looking for.
  Topic: What fraction of your income goes for energy?
IslandCrow

Replies: 17
Views: 574

PostForum: Economics & Finance   Posted: Thu Jul 10, 2008 2:32 am   Subject: Re: What fraction of your income goes for energy?
After-tax about 8%, that includes all driving (I get some of it paid back by the company I work for). The break down is house 3,6% and car 4,4%.

However, what this doesn't show is that after buy ...
  Topic: Is this what the "end of suburbia looks like"?
IslandCrow

Replies: 14
Views: 1128

PostForum: Economics & Finance   Posted: Wed Jul 09, 2008 10:34 am   Subject: Re: Is this what the "end of suburbia looks like"?
Not really. Those are just pictures of another ex-colonial sh*thole milked and wrung dry by Europeans for hundreds of years. And then left to stew in it's own crap.

Pstarr, you must brush up on y ...
  Topic: Airline Bankruptcy/Merger/Layoffs Thread
IslandCrow

Replies: 320
Views: 22762

PostForum: Current Events   Posted: Wed Jul 09, 2008 10:17 am   Subject: Re: Airline Bankruptcy/Merger/Layoffs Thread
Not all is lost: The Boeing 2008 outlook calls for a market of 29,400 new commercial airplanes (passenger and freighter) by 2027.
...
These new airplanes will accommodate a forecasted 5 percent ann ...
  Topic: the true color of "liberals"
IslandCrow

Replies: 64
Views: 2047

PostForum: Current Events   Posted: Wed Jul 02, 2008 12:51 am   Subject: Re: the true color of "liberals"
Back in the prehistoric days when I could vote the true colours were:
Conservative - blue
Labour - red
Liberals - ORANGE

So the answer to the implied question is:
"The true colour of Liberal i ...
 
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