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[The Oil Drum - Discussions about Energy and Our Future] The Oil Drum | The Price of Oil: If it's Broken, Why Not Fix It?: For the USA, where domestic oil and gas production currently represents around 50% of consumption on a value-weighted basis, a target internal price of $50/bbl in 2009 would transfer $23 billion annually from consumers to US oil producers, and perhaps another $ 5 billion annually to US gas producers. It would also transfer approximately $47 billion annually from oil and gas consumers to taxpayers, assuming other taxes are reduced by equivalent amounts so that the net effect of the excise tax is neutral.

[Econbrowser] Econbrowser: Kling's question on oil speculation: (I don't recall the Economist focusing on that when they published their "Drowning in Oil" issue.) But arguments from inventory analysis, such as those employed now by Paul Krugman, did not explain the move down in 98-99 or the tripling of prices to over $30 over the next 18 months into 00-01. The fact that $10 was unsustainably low was not reflected in declining inventories.

[The Oil Drum - Discussions about Energy and Our Future] The Oil Drum | DrumBeat: September 17, 2008: Speaking as one living in rural Nova Scotia and as one who looks after several churches, my treasurer is beside himself b/c the parish nest egg continues to shrink, my warden's son who owns a small business is watching his rainy-day investments plunge by the hour, and my wife, who otherwise doesn't pay much attention to current events, is wondering aloud how much will be left in her pension portfolio at the end of this year, let alone in 15 years when it is set to help provide us with a retirement supplement.

[Passages] Passages » Opinion Blog » International Herald Tribune » Blog ...: We also know that we are at or near peak oil production, and thus fuel cost factors are also likely increase the price of food over the long term. Taking more and more land out of food production at a time when demand is growing and these factors are already constricting supply and driving up costs, is really really foolhardy.

[The Oil Drum - Discussions about Energy and Our Future] The Oil Drum | Exxon Mobil conference calls: WT, there appears to be a collective denial about the fact that over and over again HL has worked as relatively accurate model to predict declines once hitting the ~50% Qt of URR (ie, North Sea,lower 48,Cantrelle, Russia,etc.) Agreed, accuracy may be plus minus a few years or even a decade, but the point is that fields do peak regardless of region and whether old or recent technology has been applied. And the fact that declines are well exceeding new discovery.

[Balloon Juice] Balloon Juice » Blog Archive » The Auto Bailout: Instead, we have boondoggle CAFE rules, and the whipsaw of gas prices that are $3.25/gallon in January, $4.75/gallon in July, and $2.09/gallon this morning (Shell station on Bethany Blvd. north of Hwy.

[PressThink] PressThink: Guest writer Austin Bay : "Roll Forward: Why the Bush ...: Most of the right-of-center blogs I encounter are concerned that the current press bias, however labelled, may have the net effect of demoralizing the American public and lead to both tactical and strategic victories for the enemy. This may occur even if nobody in the MSM would prefer to live under Sharia law, just as they probably would not have preferred that a tens of thousands South Vietnamese and a million or two Cambodians be slaughtered at the hands of Communists after American troops left Southeast Asia.

[The Cost of Energy v2] The Cost of Energy: Are we throwing away one of our last chances to make the changes needed on the peak oil and climate chaos fronts to avoid some very costly and painful circumstances. Those circumstance would include discrete events–a new war over oil or water, increased tropical storm activity that helps send killer storms crashing into major cities–as well as longer term, slower events, like the relentless rise of sea levels encroaching on low-lying farm lands and cities.

[一个中国私募对冲基金- 钱扒子- 和讯博客] Give Me Math! - 一个中国私募对冲基金 - 钱扒子 - 和讯博客: Outside the financial markets, he's best known for the Chern-Simons theory, which he co- developed with Chinese-American mathematician Shiing-Shen Chern in 1974. In simple terms, the theory provides the tools, known as invariants, that mathematicians use to distinguish among certain curved spaces--the kinds of distortions of ordinary space that exist according to Albert Einstein's general theory of relativity.

[The Housing Bubble Blog] The Housing Bubble Blog » Bits Bucket For February 9, 2009: We’d also like to see the team responsible for MTV’s Cribs, the set designers of the loft on Friends, Page Davis from Trading Spaces, and the editors of Martha Stewart Living, Real Simple, and the dearly departed Domino brought in front of the House Financial Services Committee to explain themselves, along with everyone else who, over the past ten years, has colluded to convince the American public that if they weren’t living in a wholly renovated open-plan home with recessed lighting, granite countertops, and freakishly organized closets, they might as well be living in a cave. We trust Barney Frank will bring them to justice!

[The Oil Drum - Discussions about Energy and Our Future] The Oil Drum | DrumBeat: September 19, 2008: ``Probably the max is an 8.5 million draw in gasoline because demand is down, and it could be as low as 6.5 million'' barrels, John Duff, survey manager for the Energy Department's weekly petroleum status report, said in an interview. The report will show ``the real impact of the hurricane on the refining sector,'' he said.

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