Showing posts with label Economy. Show all posts
Showing posts with label Economy. Show all posts

Tuesday, March 13, 2012

Why is Gas SOO Expensive?!

Oil in the early 20th Century

Oil now






It used to be this easy.
















Now we have to do this.









Tar sand "oil" production





And this.











Which do you think costs more?

Why would we do it this way if the old way still worked?


We've already burned all the cheap, easy-to-get oil. Now it's harder.
And costlier.


Any questions?

Saturday, January 21, 2012

Friday, April 22, 2011

The Unbearable Meaninglessness of Politics

This is why I've given up on the political process to address anything important in a meaningful way:

"Sadly, the budget 'cuts' proposed so far in Washington DC are too minuscule to assist in any credible way, and they practically represent a rounding error, given the numbers involved..."

More to the point: "For the record, these 'cuts' work out to ~$3 billion less in spending each month, or less than the amount the Fed has been pouring into the Treasury market each business day for the past five months." same source

‎"...the entire $38 billion is just 2.3% of the deficit and slightly under 1% of the total 2011 budget."

http://www.chrismartenson.com/blog/breakdown-draws-near/56594