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Pound Plunges Closer to Euro Parity

Anybody know what CDSs are for US government debt?
Dec 24 17:01 pm |Rating: 0 0 |Link to Comment |View article
When Will the Auto Industry Reach a "Better Place"?

I thought "a better place" is where you go when you die.
Nov 27 00:49 am |Rating: +1 0 |Link to Comment |View article
Time to Fill Up on the Strategic Petroleum Reserve

It is only a matter of time before we HAVE TO get along on a lot less oil than today. This isn't a choice. We can wait for it to happen, or we can plan ahead. Either way, it's going to be difficult. Anyone who pretends otherwise is part of the problem.

The single most effective strategy to start with is to reduce consumption, through conservation and efficiency. A gas tax (of more than 2 cents) would certainly help.
Nov 14 22:19 pm |Rating: 0 0 |Link to Comment |View article
As Russia Tests the Waters, Oil and Gas Showdown Looms

The missile defense system is and always has been a complete waste of money. Obama should trade it (and shoving NATO right up to Russia's borders) away for something of real value to us.
Nov 09 16:59 pm |Rating: +2 -1 |Link to Comment |View article
Cheap Crude: A Flash in the (Oil) Pan

geophys: " like all governments they are not qualified to run a local Dairy Queen."
-- But it's OK to give them a trillion dollars a year (for six decades, current dollars) to fund a permanent war machine. Do they run that well? You simply parrot every stanza in the Republican hymnal.

Alex_G: " the obvious solution is to raise Federal gas and diesel taxes.
-- Europe has been doing this for decades, which is why they are so much less dependent on oil than we are. This can be made revenue-neutral as you suggest by lowering income taxes an equal amount. Way too sensible to ever happen here.

longoil: " One solution that gets little attention is conservation."
-- As the ad says, this is "the biggest no-brainer in the history of mankind." Regardless of what else we do, let's stop wasting finite resources.

CLH, you never cease to amaze me. Random noise, as usual.

Chris B: Very good point on the true full cost of energy. It might be good to think about the environmental cost along the same lines.

Oct 27 23:40 pm |Rating: 0 0 |Link to Comment |View article
The Market's View on Oil

Although $147 oil was clearly a hot-money bubble, there is a real and growing supply-demand problem. My guess is that the producers are going to cut back at around $100 and you won't see much below that. Economic weakness may hold oil down for a while, but in the not-to-long term, energy has nowhere to go but up.
Aug 16 16:01 pm |Rating: 0 0 |Link to Comment |View article
The Triple Play: Oil Addicts, The Credit Crunch and Deflation

36 model: "We could be independent of foriegn oil if allowed to drill in ANWR and off both coasts."

Let's see, that means we could roughly quadruple our production, producing about as much as Saudi Arabia and Russia combined. You are completely out of touch with reality.
May 24 23:25 pm |Rating: 0 0 |Link to Comment |View article
The Market Domino Effect: Staying Ahead of the Curve

Jimbo-
The Supreme Court didn't kill term limits. We just need a constitutional amendment. What are the chances of that?
Apr 28 00:01 am |Rating: 0 0 |Link to Comment |View article
The Market Domino Effect: Staying Ahead of the Curve

That yep was for wallyjm. The root of our most serious problems is overpopulation. That's always a temporary problem.
Apr 28 00:00 am |Rating: 0 0 |