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.
Joined: May 15, 2004 Posts: 253 Location: Southeast USA
Posted: Wed Jun 02, 2004 4:16 pm Post subject: oh great
Wow, those guys know their stuff. I wonder what the Fed is up to? I know Alan Greenspan isn't dumb, he's been the chairman for quite a while if I remember correctly. _________________ In the long run, men hit only what they aim at. Therefore, though they should fail immediately, they had better aim at something high.-Thoreau
Peak Oil
Joined: Apr 03, 2004 Posts: 6349 Location: My Grandkids' Farm
Posted: Wed Jun 02, 2004 4:16 pm Post subject:
Now here’s something we hope you’ll really like,
Or,
Debt Bubble Stretches to Breaking Point
By Jim Jubak
MSN Money Markets Editor
6/2/2004 7:15 AM EDT
Snip…
“Should we stop worrying that the debt bubble created by the Federal Reserve since the 2000 market crash could still burst?
No way. Just the opposite, in fact. My three rules of bubbles, identified and explained here, say we're approaching the most dangerous period in the life of any bubble: the time when it is most in danger of breaking.”
Joined: May 23, 2004 Posts: 276 Location: Melbourne, Australia
Posted: Wed Jun 02, 2004 6:02 pm Post subject: Re: Great Now I'm Crazy Too, or: Taking Small Action
WaterBearer wrote:
On my lunch break I bought a Mountain Bike. A Schwinn.
I don't know anything about bikes. In fact my selection criteria--thanks in large part to the idiocy of the employees at the store--was more or less: "I'm going to buy the most expensive one because it will most likely be the best". Who said the growth model was inherently flawed? j/k
Aah, been there.
What are you going to use the bike for in the forseeable future?
If it revolves around large amounts of contorted riding over wet soil, keep the mtb tyres, and/or buy more.
If it's mostly dry soil and sealed roads, buy a pair of slicks (or more), and keep the knobblies in case (as you later said) you might need to ride around fields. I bought slicks a year and a half ago, and had them fitted for AUD70. I immediately noticed I was going 5-10km/h faster with the same energy into the pedals.
Oh, and you'll probably want to take some electrical tape or similar to the frame, so that your bike looks less flashy and is less desirable to thieves. _________________ The purpose of human life revolves around an endless need to extract ever increasing amounts of carbon out of the ground and then release it into the atmosphere.
Joined: Apr 06, 2004 Posts: 257 Location: Sydney, Australia
Posted: Thu Jun 03, 2004 2:53 am Post subject:
Waterbearer, my heartfelt sympathies (mostly for your friends and loved ones ). I'm a couple of months into quitting (still quitting rather than quit!) haven't bought a packet yet but as I tend to lurk in pubs and bars tend to nick the odd smoke. The sooner they ban smoking the better!
One word of caution. Do not consume lots of nicorettes and alcohol together, leads to mania! (also lead to researching this peak oil thing... ) _________________ Ye shall know the truth, and the truth shall make you mad. - Aldous Huxley
Joined: Jun 04, 2004 Posts: 25 Location: Palatine, IL
Posted: Thu Jun 17, 2004 2:45 pm Post subject:
I would say that the problem with a mountain bike after the crash is that your gear shifters and brake cables are going to wear out if you use it a lot, especially if you ever have to ride it in the rain.
To avoid this problem, I own a Huffy Sante Fe Cruiser, with back pedal brakes and only one gear. Also since it doesn't go offroad and the tires don't get "gripped" by the brakes as they do with grip brakes, the innertubes don't go flat as often because they are put under less stress.
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). I'm a couple of months into quitting (still quitting rather than quit!) haven't bought a packet yet but as I tend to lurk in pubs and bars tend to nick the odd smoke. The sooner they ban smoking the better!
