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[Novacadia Alliance] Post-Peak Oil and NAmerican Regional Secession: It is necessary to clarify three premises that place the imminent crisis of a Post-Peak Oil world as the dominant condition and premise for the future evolution of secessionist politics. Even within the context of imperial decline, isolated and honorable positions such as ethnic and cultural identities, past historical wrongs, or calls for justice, freedom and liberty, strictly on their own and no matter how legitimate and worthy their merit, will not suffice to ignite or to carry the secessionist movement to completion.

[Caracas Gringo] Can Obama halt oil imports from Venezuela, ME? « Caracas Gringo: And the PetroCaribe countries aren’t getting the Venezuelan oil supplies which have stopped going to the US over the past decade. Since Chavez launched PetroCaribe, Pdvsa has only supplied the recipient countries with about half of its agreed supply commitments in any year.

[The Oil Drum - Discussions about Energy and Our Future] The Oil Drum | DrumBeat: February 12, 2009: And what about China herself? Despite the country's convulsive growth and new wealth, it still suffers gravely from poverty and backwardness, as I have seen for myself in its dingy sweatshops, the primitive electricity-free villages of Canton, the dark and squalid mining city of Datong and the cave-dwelling settlements that still rely on wells for their water.

[IsraelSeen.com] A Realistic Energy Strategy By Tsvi Bisk | IsraelSeen.com: Alaska, deep-ocean drilling, new offshore drilling, drilling in national parks ”” i.e., raping the land for every last drop of oil ”” could not even begin to offset these declines. Add in the fact that, with our present energy paradigm, consumption is predicted to grow to 130 million barrels a day over the next 30 years or so, and we must conclude that this energy paradigm is unsustainable.

[John Mauldin's Outside the Box] Where Will the Growth Come From?: which we all associate with Joseph Schumpeter's explanations that it is the entrepreneur's job to break out of the steady-state circular flow of the economy and develop new methods, techniques, and products and which, as highlighted in Our Brave New World (calling it Schumpeterian growth), is the second pillar on which economic growth rests. That notion was actually first developed by Johann Heinrich von Thunen who transformed the incomplete marginalism of classical Ricardian theory into comprehensive neoclassical marginal productivity.

[Caracas Gringo] Collective Fear « Caracas Gringo: Galp, Petrobras Find Evidence of Oil in Onshore Potiguar Block - Bloomberg 02/02/2009; Petrobras May Consider Oil-Stake Sales to Raise Cash - Bloomberg 02/02/2009;

[Institutional Economics] Institutional Economics: ”˜Light Reading It’s Not’ - Forbes: Robert Lucas, an economist and Nobel laureate at the University of Chicago and a champion of the rationality of markets, doesn’t see much fundamental change coming out of the crisis, either. What it has reminded us of, he argues, is simply the impossibility of seeing these events in advance.

[The Oil Drum - Discussions about Energy and Our Future] The Oil Drum | DrumBeat: February 5, 2009: No one’s building a smart electric grid or revamping a water system on 90 days notice. The best example of a shovel-ready project, and what engineers believe could become the biggest recipient of the transportation-related portion of the bill’s funding, is road resurfacing””important maintenance work, but not a meaningful way to rein in a national infrastructure crisis.

[Institutional Economics] Institutional Economics: ”˜Light Reading It’s Not’ - Forbes: One of the problems with activist fiscal policy is that, to the extent that there is any boost to domestic demand, much of it will spillover into imports, which might stimulate the Chinese and other economies, but will do very little for economic growth in Australia. Retail sales are inappropriate as a gauge of the effectiveness of fiscal policy in stimulating domestic production.

[Police State | Martial Law | United States Liberty] PDD 51: The Devolution of the United States from a Constitutional ...: Admittedly, the trip from America, even as corrupted as she is today, to something like Red China in the heyday of Mao Tse-tung is, no doubt, still a long one. But, as the Chinese aphorism has it, “a journey of a thousand li begins with a single step.” So, in humility and prudence, any President would do well to learn before he claims to teach, and therefore first to seek guidance from, rather than purport to impart it to, his fellow countrymen.

[Brad Setser: Follow the Money] Brad Setser: Follow the Money » Blog Archive » More to worry about ...: How many of the new bulls in China’s shop (sorry, old pun) have focused on the fact that they are relying on a communist central government which does not have full control of decisions at the provincial level to make efficient economic decisions. (Of course, many of today’s newly minted keynesians seem to think the very act of spending money is good enough in itself, without any thought to purpose or efficiency.) I sense some disbelief being suspended here in the pursuit of good news from wherever it can be found.

[The Housing Bubble Blog] The Housing Bubble Blog » Bits Bucket For January 24, 2009: As the next wave of resets looms, and folks confront the reality they don’t qualify for a great rate (not enough equity, too low a FICO score, not able to document income to support DTI ratios), and their home appraises at 20%, 30%, 40% less than they paid, the walk-aways will will start in earnest.

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