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As I understand it, a good little bill passed in the Michigan state senate today. It removes the requirement for a DOE permit to generate power on existing dams as long as its under 1 megawatt.
It would be better without the maximum wattage restriction but its a start.
Why do they keep trotting out this BS with the wildly optimistic recovery rates on oil that is locked in shale and has to be heated for years to extract? Pure rubbish.
There has never been an energy shortage. Just a propaganda abundance.
Fresh water is the real shortage that too many ignore. Maybe our US drought will highlight this shortage.
Sorry, didn’t see you’ve already posted this. When I did the search, your post hasn’t come up.
Thackney, you have any thoughts on this? It is a very optimistic article, which is nice to read for a change, but is it realistic?
Also, the enviroweenies and liberals are going to be a huge stumbling block to our being able to exploit these resources.
Of course, if things get so bad and we slide down the tubes into a full blown depression the likes of which we have never seen, then people will clamor to use ANY method to get money into their pockets, and the objections of liberals will be washed away in a public sentiment of people who want food on the table.
Save
The hell it didn't. It was just more subtle, hidden neath the guise of "charity" in pursuit of a "clean environment."
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Oldest story in the book if you're an investor. To take a single example: sometime in 1982, Business Week had a cover story entitled "The Death Of Equities." To this day, there are still people kicking themselves for not buying equities when that issue hit the stands.
Anyone here remember the Great Depression of the '90s that was supposed to be ushered in by the Crash of '87? That was another in a long line of plausible fake-outs.
The same phenomenon applies to declinism as a whole. The reason why so many goldbugs went down with U.S.S. Aurum in 1982 was because they insisted that Volcker was not serious about taking a bite out of inflation, or that his arm would be twisted by Congress to get the inflation machine rolling again.
And that goldbug ditty applies to the declinism with some politico-economic sense behind it!
Because of those fake-outs, investing - particularly value investing - is kind of a lonely world. You become inured to the best games being played when the stands are half-empty, disappointed scalpers are unloading good seats at half price, and almost no-one cares to talk about the plays.
To get back to the subject: once the energy boom really kicks in, the viros and the entire pro-government claque are going to have one of the legs of their stool knocked out. Alll those bannings and regulations done in the name of "energy independence" will no longer be credible. They'll be as stubborn as ever, but they'll be more and more vulnerable to a Republican with the guts to say it's morning in America again (and stick with it.)
If Romney wins, and gets Republican majorities that aren't afraid to hold his feet to the fire when he "goes Mittens," the shrewdest way he and they could roll with the boom is to "invest in austerity." It'd be a great way to expose the popular Keynesians too: to a man, they howl when budget cuts are unveiled, even if the economy's booming - i.e., during the time when Keynes himself recommended that the government scale back.