Posted on 10/02/2010 1:14:42 PM PDT by Willie Green
This week I am at a conference in Houston. I must confess that I don't attend many of the sessions at most conferences where I speak. But today, the guys at Streettalk Advisors have such a great lineup that I am there for every session. But it's Friday and I need to write. The solution? This week you get a "best of" letter. The best ideas I've heard and the best charts I've seen at this conference. Then we close with two short but very thoughtful essays from Charles Gave and Arthur Kroeber of GaveKal on "The Morality of Chinese Growth." Lots of charts and something to make you think. Should be a good letter.
Oil at $125 a Barrel, Gasoline at $5
John Hofmeister is the former president of Shell Oil and now CEO of the public-policy group Citizens for Affordable Energy. He paints a very stark (even bleak, as he gets further into the speech) picture of the future of energy production in the US unless we change our current policies. First, because of the aftereffects of the moratorium. It is his belief that the drilling moratorium will effectively still be in place until at least the middle of 2012. There won't even be new rules until the end of 2011, and then the lawsuits start.
Gulf oil production will be down by up to 1 million barrels a day. Imported oil is now 67% of oil usage but will go to 75% by 2012. He thinks crude oil will be up to $125 and gasoline between $4-$5 at the pump. And it will only get worse.
(Excerpt) Read more at businessinsider.com ...
What could a Pubbie Congress do to thwart a Czar? Better yet, what could a Pubbie Congress and Senate do to thwart a Czar?
“They will not be happy until the entire middle class is on welfare.”
They may look out the window one day and see the entire middle class with torches and ropes in their hands.
The solution is simple: SPEND BILLIONS ON HIGH-SPEED MAGLEV TRAINS.
And guns
Tar & feathers
Cement shoes
Molotov cocktails (diversity is grand)
Necklacing
Burning at the stake
So... in that case, can I go off my diet?
But I saved 15% on my auto insurance!
I believe the ultimate goal is to eliminate private home ownership entirely. We will have to go and kiss some public official's butt to get assigned a decent place to live in.
Not if we spend trillion$$$ of private wealth forcefully taken from citizens to build rail, right WGreen? /s
And now you can save twenty percent on a house.
You forgot machetes, MS-13 you know.
From IMDB.com Family Nest
Bela Tarr's first full length film is a bleak indictment of communist housing policy; A young couple and their daughter are forced to live with the husband's family in a tiny flat in which tempers frequently flare. The close camera work and grainy documentary style capture the claustrophobia and indignity of life at close quarters with those you don't like; the father-in-law is a malevolent Iago-esquire figure, forever whispering conspiracies to his son. The couple are desperate to leave, but, as their meetings with the government officials show, there is no prospect of escape for years to come; This is despite many usable flats standing empty, unused for bureaucratic reasons.. We learn more of the characters as the second half of the film effectively becomes a series of monologues, which further convey what a bleak place 1970's Hungary was.
Back to the future in the US.
“What could a Pubbie Congress do to thwart a Czar? Better yet, what could a Pubbie Congress and Senate do to thwart a Czar?”
Not sure why you are asking me this question based upon what I wrote, but just for fun I’ll venture a guess. They can stop the funding cold, or at the least, slow it down. Depending on their determination or ability to resist Potomac poisoning, a Republican Congress could do a lot to cramp Obamao’s autocratic style.
You see, the politicians will have a REAL multicultural experience.
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