tag:blogger.com,1999:blog-33724194Tue, 18 Nov 2008 05:47:36 +0000Latest news on Peak Oil, oil depletion, oil geopolitics and morehttp://www.theviewfromthepeak.net/newsblog/news.htmlnoreply@blogger.com (Oil Shock)Blogger2719125tag:blogger.com,1999:blog-33724194.post-8535444744165276937Tue, 18 Nov 2008 05:30:00 +00002008-11-17T21:47:36.793-08:00bankingautomobilecredit bubbleeconomyUnderwater Mountain: Mountain House, CA on the verge of collapse. A bankruptcy could mean an end to police, fire, sewage, water, garbage services. I am not sure if all of those services are provided by that City. Here is International Herald Tribune: This town, 59 feet above sea level, is the most underwater community in America. Because of plunging home values, almost 90 percent of http://www.theviewfromthepeak.net/newsblog/2008/11/monday-mishmash.htmlnoreply@blogger.com (Oil Shock)0tag:blogger.com,1999:blog-33724194.post-5768499907533403035Fri, 14 Nov 2008 22:04:00 +00002008-11-14T14:07:04.099-08:00videoinflation/deflationdeficitsderivativesbankingcredit bubbleeconomy Is he a chump? asks one congressman.http://www.theviewfromthepeak.net/newsblog/2008/11/cash-carry-in-hot-seat.htmlnoreply@blogger.com (Oil Shock)0tag:blogger.com,1999:blog-33724194.post-5492254671395304619Mon, 10 Nov 2008 19:23:00 +00002008-11-10T11:29:17.616-08:00climate changeenvironmenteconomyMichael Crichton, RIP Michael Crichton passed away on November 4th, 2008. Mr. Crichton, “the father of the techno-thriller,” is the author of 21 books including The Andromeda Strain, Congo, Jurassic Park, Timeline, The Lost World, Prey, and State of Fear, selling more than 150 million copies and translated into 36 languages, with twelve made into films. The recipient of an Emmy, a Peabody, and ahttp://www.theviewfromthepeak.net/newsblog/2008/11/random-rambling.htmlnoreply@blogger.com (Oil Shock)0tag:blogger.com,1999:blog-33724194.post-2740343689481268821Tue, 04 Nov 2008 22:16:00 +00002008-11-04T14:27:58.337-08:00investingpoliticseconomyMish at the Global Economic Analysis suggests that there is unwarranted bullishness. Here is what I think: There is a technical reason, may be two for the bullishness. First, "Change" is coming to White house, most likely. Do you think political hacks like Paul Krugman will be bearish once messiah "O" is declared the next president of the U.S? Second, The sell off in the financial markets http://www.theviewfromthepeak.net/newsblog/2008/11/is-bullishness-unwarranted.htmlnoreply@blogger.com (Oil Shock)0tag:blogger.com,1999:blog-33724194.post-2674839060844816380Tue, 04 Nov 2008 06:49:00 +00002008-11-03T22:50:54.131-08:00oilpeak oilenergycommoditiesOil executives and political leaders told a major petroleum conference Monday that the era of cheap energy is over and warned of another price spike if investment in oil production is curtailed. “Prices are falling, but they’re falling for the wrong reasons: because of reduced demand and a consequence of reduced economic activity, not because we have increased supply or increased energy http://www.theviewfromthepeak.net/newsblog/2008/11/houston-chronicle-bp-chief-says-another.htmlnoreply@blogger.com (Oil Shock)0tag:blogger.com,1999:blog-33724194.post-7135642960705241252Tue, 04 Nov 2008 06:46:00 +00002008-11-03T22:48:23.651-08:00inflation/deflationcentral bankbankingcredit bubbleeconomyAustralia's central bank cut its benchmark interest rate by a larger-than-expected three quarters of a percentage point, the third reduction in as many months, amid evidence global financial turmoil is buffeting the economy. Governor Glenn Stevens lowered the overnight cash rate target to a 3 1/2-year low 5.25 percent in Sydney today, adding to last month's 1 percentage point reduction. Fifteenhttp://www.theviewfromthepeak.net/newsblog/2008/11/bloomberg-rate-cut-down-under.htmlnoreply@blogger.com (Oil Shock)0tag:blogger.com,1999:blog-33724194.post-9166432790882277083Sun, 02 Nov 2008 18:46:00 +00002008-11-02T10:56:10.465-08:00videooilcentral bankbankinginvestingcredit bubbleeconomyMandelbrot & Nassim Taleb on the credit crunch. Watch it here Taleb is the author of "Black Swan: The Impact of the Highly Improbable"http://www.theviewfromthepeak.net/newsblog/2008/11/mandelbrot-taleb-interview-on-pbs.htmlnoreply@blogger.com (Oil Shock)0tag:blogger.com,1999:blog-33724194.post-5051500842880611303Wed, 29 Oct 2008 18:25:00 +00002008-10-29T11:33:23.692-07:00inflation/deflationdollarcentral bankbankingcredit bubbleeconomyThe root cause of the current financial crisis was a lose monetary policy pursued by the Federal Reserve for most part of this decade. What is their solution to the current crisis? More of the same. Americans have been borrowing and consuming too much, and saving and investing too little. So here comes Fed with an incentive to save - a drop in interest rate to 1%. That should give a shot in the http://www.theviewfromthepeak.net/newsblog/2008/10/fed-acts-irresponsibly-again.htmlnoreply@blogger.com (Oil Shock)0tag:blogger.com,1999:blog-33724194.post-3677629180928449315Tue, 28 Oct 2008 16:45:00 +00002008-10-28T10:12:45.738-07:00inflation/deflationdollarcentral bankbankingcredit bubbleeconomyThe enemies of the free market often quote Andrew Mellon, the treasury secretary under Hoover as evidence that President Hoover's hands off approach is what prolonged the great depression. "Liquidate labor, liquidate stocks, liquidate the farmers, liquidate real estate. . . . [That] will purge the rottenness out of the system. High costs of living and high living will come down. People will work http://www.theviewfromthepeak.net/newsblog/2008/10/did-laissez-faire-cause-great.htmlnoreply@blogger.com (Oil Shock)0tag:blogger.com,1999:blog-33724194.post-845422128570556922Mon, 27 Oct 2008 23:30:00 +00002008-10-27T16:36:02.667-07:00videofunpolitics Does your vote count? You may want to rethink, if you are planning a "non-vote" in the upcoming election.http://www.theviewfromthepeak.net/newsblog/2008/10/obamas-loss-traced-to-single-voter.htmlnoreply@blogger.com (Oil Shock)0tag:blogger.com,1999:blog-33724194.post-8292697720594257098Mon, 27 Oct 2008 17:17:00 +00002008-10-27T10:19:38.831-07:00videoinflation/deflationdeficitsdollaroilgoldcentral bankbankingcredit bubblecommoditiesagricultureeconomySays Jim Rogers... http://www.theviewfromthepeak.net/newsblog/2008/10/tractors-for-stockbrokers-maseratis-for.htmlnoreply@blogger.com (Oil Shock)0tag:blogger.com,1999:blog-33724194.post-6460993773951199309Mon, 27 Oct 2008 03:36:00 +00002008-10-26T20:47:01.814-07:00videodeficitscentral bankderivativesgoldhousinginvestingcredit bubblecommoditieseconomyinflation/deflationdollarforexprecious metalscurrencypoliticsPart I Part II http://www.theviewfromthepeak.net/newsblog/2008/10/peter-schiff-interview-on-glenn-beck.htmlnoreply@blogger.com (Oil Shock)0tag:blogger.com,1999:blog-33724194.post-713235174455599845Fri, 24 Oct 2008 16:36:00 +00002008-10-24T09:39:06.131-07:00real estateinflation/deflationdeficitsderivativesbankinginvestingcredit bubbleeconomySilicon Valley has been trying to digest news of a secret meeting held by top venture firm Sequoia Capital earlier this week. At the meeting, leading Sequoia partners laid out bleak short and long-term scenarios for the world economy — and strong medicine for the firm’s portfolio companies.(HT: venture beat ) Sequoia Capital on startups and the economic downturnView SlideShare presentation or http://www.theviewfromthepeak.net/newsblog/2008/10/rip-good-times.htmlnoreply@blogger.com (Oil Shock)0tag:blogger.com,1999:blog-33724194.post-6469175293632134142Fri, 24 Oct 2008 04:43:00 +00002008-10-23T21:54:13.565-07:00inflation/deflationdollargoldcentral bankbankingprecious metalscredit bubbleeconomyAlan "Serial Bubble Blower" Greenspan, being an early admirer of Ayn Rand was for a Gold standard and hard money. In 1966, he wrote an essay titled "Gold and Economic Freedom". Ironically, went on to become a Central Banker. He supervised the biggest expansion of credit and money out of thin air backed by nothing. Early Greenspan was not a free-marketer in the Friedmanite mold, instead, he was http://www.theviewfromthepeak.net/newsblog/2008/10/greenspans-flaw.htmlnoreply@blogger.com (Oil Shock)1tag:blogger.com,1999:blog-33724194.post-8314036841233341536Thu, 23 Oct 2008 04:27:00 +00002008-10-22T21:31:44.531-07:00oilinvestingenergycredit bubblecommoditieseconomyDuring the conference call held to discuss the quarter, Chairman and CEO Andrew Gould initial statements included: The deterioration in the credit markets will have an effect on its customers, but this will largely impact North America only. Management does not know the extent to which current events will hurt 2009 drilling activity. Management is still looking for a slowing in the rate of growthhttp://www.theviewfromthepeak.net/newsblog/2008/10/answers-from-schlumbergers-top-brass.htmlnoreply@blogger.com (Oil Shock)0tag:blogger.com,1999:blog-33724194.post-7753149214381998173Thu, 23 Oct 2008 04:20:00 +00002008-10-22T21:22:35.719-07:00real estateinflation/deflationcentral bankbankinghousingcredit bubbleeconomyAccording to this study by Minneapolis Fed, ponzi Credit is still flowing through the arteries of the economy.http://www.theviewfromthepeak.net/newsblog/2008/10/minneapolis-fed-credit-crisis-is-made.htmlnoreply@blogger.com (Oil Shock)0tag:blogger.com,1999:blog-33724194.post-2631266872387029024Wed, 22 Oct 2008 06:34:00 +00002008-10-21T23:36:29.545-07:00inflation/deflationdeficitscentral bankbankingtaxescredit bubbleeconomyWall Street had it wrong: An investment bank's most precious asset isn't the army of employees who head down the elevators each day. It's the paychecks they take with them out the door. You can imagine the devilish grins on the faces of Morgan Stanley employees last week, after the Treasury Department said it would pump $10 billion into the bank. Not only did we, the taxpayers, save their http://www.theviewfromthepeak.net/newsblog/2008/10/bloomberg-morgan-stanleys-bonuses-get.htmlnoreply@blogger.com (Oil Shock)0tag:blogger.com,1999:blog-33724194.post-3832333267897068978Tue, 21 Oct 2008 17:29:00 +00002008-10-21T11:20:37.608-07:00central bankcredit bubblepoliticseconomy Flash presentation provided by the Mises Institutehttp://www.theviewfromthepeak.net/newsblog/2008/10/highway-to-serfdom-in-cartoons.htmlnoreply@blogger.com (Oil Shock)0tag:blogger.com,1999:blog-33724194.post-6195114127571341662Tue, 21 Oct 2008 03:34:00 +00002008-10-20T20:36:30.160-07:00videotaxespoliticseconomyPenn Jillette asks an interesting question on Big government and Taxation. http://www.theviewfromthepeak.net/newsblog/2008/10/what-would-you-do.htmlnoreply@blogger.com (Oil Shock)1tag:blogger.com,1999:blog-33724194.post-9216803746265378284Sun, 19 Oct 2008 00:27:00 +00002008-10-18T17:31:31.364-07:00productiondollaroilinvestingpricepeak oilBack in July, around the time the oil price peaked, common consensus went along the lines of ... The world is running out of oil. World demand for oil is high and only going to get higher still in the years and decades ahead. Most of the world's cheap oil has already been discovered. Oil exploration companies increasingly have to drill for oil in more and more difficult places. This adds to the http://www.theviewfromthepeak.net/newsblog/2008/10/motley-fool-why-oil-prices-will-rise.htmlnoreply@blogger.com (Oil Shock)0tag:blogger.com,1999:blog-33724194.post-5579426692798772584Fri, 17 Oct 2008 03:45:00 +00002008-10-16T20:57:07.219-07:00productionopecoilpricealternate energyIHT: OPEC calls emergency meeting as oil prices fall Oil prices dropped below $70 a barrel for the first time in 14 months Thursday, prompting the OPEC cartel to call for an emergency meeting next week to establish some stability in prices that have plummeted recently after rising for months. Oil prices have tumbled by nearly $40 a barrel in just three weeks as indications grow that demand forhttp://www.theviewfromthepeak.net/newsblog/2008/10/opec-calls-emergency-meeting.htmlnoreply@blogger.com (Oil Shock)0tag:blogger.com,1999:blog-33724194.post-8567766470948685935Thu, 16 Oct 2008 14:24:00 +00002008-10-16T07:29:25.126-07:00central bankbankingcredit bubblevenezuelapoliticseconomyReuters: Chavez says "Comrade Bush" turns left in crisis (via drudge report ) Socialist Venezuelan President Hugo Chavez mocked George W. Bush as a "comrade" on Wednesday, saying the U.S. president was a hard-line leftist for his government's intervention of major private banks in the U.S. financial crisis. Chavez, who calls capitalism an evil and ex-Cuban leader Fidel Castro his mentor, http://www.theviewfromthepeak.net/newsblog/2008/10/chavez-calls-president-bush-comrade.htmlnoreply@blogger.com (Oil Shock)0tag:blogger.com,1999:blog-33724194.post-3577699202576294350Tue, 14 Oct 2008 05:57:00 +00002008-10-14T10:08:19.960-07:00derivativescentral bankbankinginvestingcredit bubbleThe rally that I have been expecting, is finally here. Howeverm, it is likely to be a short term phenomenon. Here is an interesting set of historic data for the dow, shows a list of biggest percentage gain days for the DJIA. 1933-03-15 62.10 +8.26 +15.34 1931-10-06 99.34 +12.86 +14.87 1929-10-30 258.47 +28.40 +12.34 1932-09-21 75.16 +7.67 +11.36 2008-10-13 9,387.61 +936.42 +11.08 1987-10-21 http://www.theviewfromthepeak.net/newsblog/2008/10/biggest-gain-days-for-djia.htmlnoreply@blogger.com (Oil Shock)0tag:blogger.com,1999:blog-33724194.post-7313798159340050021Mon, 13 Oct 2008 23:51:00 +00002008-10-13T16:55:41.892-07:00inflation/deflationdollarcentral bankbankinghousingfuncurrencylibertycredit bubbleeconomy In trying times like this, we need some real inspiration :)http://www.theviewfromthepeak.net/newsblog/2008/10/government-solutions.htmlnoreply@blogger.com (Oil Shock)0tag:blogger.com,1999:blog-33724194.post-7531724080221369548Sun, 12 Oct 2008 08:28:00 +00002008-10-13T09:42:12.750-07:00videoinflation/deflationgoldcentral bankbankingfuncurrencyprice Just for a laugh..... ( via campaignforliberty.com )http://www.theviewfromthepeak.net/newsblog/2008/10/central-banking-in-nutshell.htmlnoreply@blogger.com (Oil Shock)0