Yup, supposedly ND is the #1 nation for energy derived from wind but it's like #11 in output.... something like that.
I think we may have read the same article.
This would be a perfect idea to spend stimulus money - rather than paying people to buy cars that are currently being made - cars that burn the stuff we need to stop importing - we should be promoting CHANGE.
I still believe and I hope Obama does too!
We can't ever stop appeasing and propping up these rich, entrenched industries it seems. No one ever wants to give them the medicine they need to survive.
These companies bitch and complain whenever government gets involved with their affairs but they have no problem asking for money.
If there was a person who did crack and asked me for a donation - I'd ask them to STOP DOING CRACK. If they bitched me out for getting in their business I'd turn my back on them.
Government has every right to get involved with the affairs of business when those businesses seek financial assistance - just like any other investor.
-
In total there are 2 users online :: 0 registered, 0 hidden and 2 guests (based on users active over the past 60 minutes)
Most users ever online was 871 on Fri Apr 19, 2024 12:00 am
Ch. 5: Peak Oil: A Potential Pivot of the 2010s
-
President Camacho
-
- I Should Be Bronzed
- Posts: 1655
- Joined: Sat Apr 12, 2008 1:44 pm
- 16
- Location: Hampton, Ga
- Has thanked: 246 times
- Been thanked: 314 times
Hi Everyone,
President Camacho, I agree with you and the other members that Philips' book is difficult to comprehend at times. But the reason this is so has to do with his intended audience. I think he had government burueacrats, business oweners, and more importantly, scholarly people in the economic community in mind when he wrote this. So it is hard for non-experts to get at what he is saying at times because he never bothers to define key terms, because he assumes the reader already knows the ins and outs of finance, politics, etc. So if us as readers want to understand more we have to read much more slowly AND take the time to learn the obscure economic nuances and terms which could be very difficult at times.
President Camacho, I agree with you and the other members that Philips' book is difficult to comprehend at times. But the reason this is so has to do with his intended audience. I think he had government burueacrats, business oweners, and more importantly, scholarly people in the economic community in mind when he wrote this. So it is hard for non-experts to get at what he is saying at times because he never bothers to define key terms, because he assumes the reader already knows the ins and outs of finance, politics, etc. So if us as readers want to understand more we have to read much more slowly AND take the time to learn the obscure economic nuances and terms which could be very difficult at times.
Hi Realiz,
I feel your pain on not comprehending much but honestly I though chapter 5 was the easiest to understand in the book. You mentioned that you don't know how a weak dollar/ weak oil negatively affects us. For one, it will make other nations start having, instead of dollar reserves, other reserves and currencies. Having other currencies as reserves in stead of the dollar will allow them to buy more items because the dollar is weak. Also, since these reserves now contain less dollars, all these nations will NOT invest these dollars into U.S. securities (as long as these foreign reserve banks have dollars, these dollars will almost ALWAYS be used to buy U.S. securities). Buying these securities is the same thing as loaning the government and the public money. Since we are a great debtist nation (unfortunately due to our finance system as mentioned in Ch.3 and ch.4), much of our debt has been provided by foreign nations. So the weak dollar weakens the ability of the U.S. government to procure foreign loans through the dollar reserves of others. Moreover, since nations have less dollars as reserves they will now buy less american products therefore American businesses will hurt. So these are some of the disadvantages of the weak dollar. I hope I helped you understand some of the dangers of the weak dollar. I am sure there are other dangers but, as most of us here, I am not an economic expert.
I feel your pain on not comprehending much but honestly I though chapter 5 was the easiest to understand in the book. You mentioned that you don't know how a weak dollar/ weak oil negatively affects us. For one, it will make other nations start having, instead of dollar reserves, other reserves and currencies. Having other currencies as reserves in stead of the dollar will allow them to buy more items because the dollar is weak. Also, since these reserves now contain less dollars, all these nations will NOT invest these dollars into U.S. securities (as long as these foreign reserve banks have dollars, these dollars will almost ALWAYS be used to buy U.S. securities). Buying these securities is the same thing as loaning the government and the public money. Since we are a great debtist nation (unfortunately due to our finance system as mentioned in Ch.3 and ch.4), much of our debt has been provided by foreign nations. So the weak dollar weakens the ability of the U.S. government to procure foreign loans through the dollar reserves of others. Moreover, since nations have less dollars as reserves they will now buy less american products therefore American businesses will hurt. So these are some of the disadvantages of the weak dollar. I hope I helped you understand some of the dangers of the weak dollar. I am sure there are other dangers but, as most of us here, I am not an economic expert.
