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Another theory put forward is that the Saudis are using their newfound wealth to buy up rigs and run the price of oil up. I don't know if I believe this is true, but it's an idea.

Those are some good points that have come out here.

The most important factor that has determined the economic success and failure of small towns in the last 50 years has been proximity to the Inte ...

There are a lot of good points here.

I think it is important to understand that life will go on with diminished oil supplies. We can, and probably will, burn all sorts of other things to keep the ...

Thanks for the interesting information, particularly to Petrodollar, whose post provided a very detained and interesting account that is not ordinarily avaiable in the American press.

I too have re ...

This is an excellent post, so much so that I will come out of my lurking to respond.

I have two, somewhat contradictary, concerns on the issues that you have written about. In coming to understand ...

The departments of Education, Commerce, Interior and Energy — will see their budgets, on average, frozen or cut slightly below today's already austere levels.

I guess the State of the Union was a b ...

It's just amazing. Where does all that money come from, and where does it go? Well, I guess we can answer the second question.

- Dysfunctional medical insurance system.
- Endless war in Iraq.
- ...

I wonder if RonMN raised a good question, though. Just how much natural gas do the Russians have? As I recall, some of Putin's power plays in recent years, re. Yukos, have also been about preserving ...

Here's a history lesson for you.
There are only three times in American history during which impeachment was a serious issue.

The first case was that of Andew Johnson, the Democratic President who ...

On that last point. My understanding is that the debt calculations are required to be done under existing law. For instance, perhaps today the administration estimates a deficit of $300B for the nex ...

He might be right about one thing. If prices continue to rise, and if the Saudis crap out of us as Simmons has predicted, then the $60/barrel price may indeed be transient.

We've been seeing quite a few plane crashes lately. The most recent one was in Peru.

Now, I know this is going out on a limb, but I wonder if this theory is plausible. We know that more of the cr ...

Much has indeed been done about the tax system. In the 1920's we had a tax system that favored the upper class. During the Depression and War we got a very top-heavy tax code. Since the end of Worl ...

A while ago, I thought to myself that Peak Oil shouldn't be that bad in America, if only the country comes together to find a wise solution to the crisis. But then I thought, if it was really in our ...

I've been reading Kunstler's material for a while, waiting for him to advance some kind of positive agenda rather than complaining. I don't recall him giving even one meaningful idea for change, be i ...