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To: blam

Chris Martenson has a quite excellent presentation that I highly recommened, called “Crash Course”.

http://www.peakprosperity.com/crashcourse

The one glaring (to me) error in his otherwise great presentation is his insistence upon “peak oil” and global warming and all the accompanying lore on those topics.

And indeed, he could be right about about peak (crude) oil production without having taken into account the boom in NatGas production and the potential for the increased uptake of NG into the US fuel consumption picture and the concomitant reduction in dollars sent overseas for foreign oil. The increase in NG could well be a positive factor in the US economic picture.

Other than that one beef I have with his views, “Crash Course” is superb.


11 posted on 02/16/2013 10:51:56 AM PST by Attention Surplus Disorder (This stuff we're going through now, this is nothing compared to the middle ages.)
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To: Attention Surplus Disorder
Other than that one beef I have with his views, “Crash Course” is superb.

Well, that's a pretty big beef. It's the same one I have with this article. It's nonsense to claim that the problem with our economy is that it's costing more to extract fuel and minerals and consumers won't pay it.

The problem with our economy is that the Fed printed too much money which led to a huge, exploding real estate bubble. This crisis was swiftly followed by the election of a president who has kept the money-printing in place all the while threatening businesses with higher taxes and ballooning labor costs.

The article sucked. IMHO.

25 posted on 02/16/2013 3:24:57 PM PST by BfloGuy (Money, like chocolate on a hot oven, was melting in the pockets of the people.)
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