Comments on: Infinity squared? http://www.dinocrat.com/archives/2008/05/22/infinity-squared/ Sat, 22 Nov 2008 02:24:01 +0000 http://wordpress.org/?v=2.5.1 By: MarkD http://www.dinocrat.com/archives/2008/05/22/infinity-squared/#comment-311991 MarkD Thu, 22 May 2008 12:37:52 +0000 http://www.dinocrat.com/?p=6440#comment-311991 The substitute for oil is more oil. It's in ANWR and off the coast of Florida and in the Alberta tar sands and in the western US shale. It's all economically extractable at these prices. Our "leaders" have decided we won't use this oil. The people are getting what they have asked for, good and hard. Don't like what's happening? Look in the mirror. Your Congress is responsible. You enabled it. They are paying subsidies to millionaire farmers with your taxes. Do you think ethanol is the answer? If so, why is there a 47 cent tariff on ethanol from Brazil? The government is causing your problem and you expect them to fix it? The substitute for oil is more oil. It’s in ANWR and off the coast of Florida and in the Alberta tar sands and in the western US shale. It’s all economically extractable at these prices. Our “leaders” have decided we won’t use this oil.

The people are getting what they have asked for, good and hard. Don’t like what’s happening? Look in the mirror. Your Congress is responsible. You enabled it. They are paying subsidies to millionaire farmers with your taxes. Do you think ethanol is the answer? If so, why is there a 47 cent tariff on ethanol from Brazil? The government is causing your problem and you expect them to fix it?

]]> By: feeblemind http://www.dinocrat.com/archives/2008/05/22/infinity-squared/#comment-311980 feeblemind Thu, 22 May 2008 04:29:36 +0000 http://www.dinocrat.com/?p=6440#comment-311980 Just want to point out that fundamentals may have helped drive down wheat. Acreage is up and the prospects for a big crop are good. Don't see similar good supply news on the oil. There are also substitutes for wheat. There is no substitute for oil. The law of supply and demand has not been repealed. IF global demand slows the market will correct and those hated speculators will be leading the stampede for the exit. OTOH, if Pickens is right and demand is outstripping supply, the market may still be searching for a price that will limit demand. Having said that I am still in Dinocrat's corner in that there should be a correction. The question is when? One wonders how much of the world's wealth can be siphoned off to pay for oil befor economies begin to implode? Just want to point out that fundamentals may have helped drive down wheat. Acreage is up and the prospects for a big crop are good. Don’t see similar good supply news on the oil. There are also substitutes for wheat. There is no substitute for oil. The law of supply and demand has not been repealed. IF global demand slows the market will correct and those hated speculators will be leading the stampede for the exit. OTOH, if Pickens is right and demand is outstripping supply, the market may still be searching for a price that will limit demand. Having said that I am still in Dinocrat’s corner in that there should be a correction. The question is when? One wonders how much of the world’s wealth can be siphoned off to pay for oil befor economies begin to implode?

]]> By: rawdawg http://www.dinocrat.com/archives/2008/05/22/infinity-squared/#comment-311978 rawdawg Thu, 22 May 2008 01:31:46 +0000 http://www.dinocrat.com/?p=6440#comment-311978 <a href='http://rawdawgb.blogspot.com/2008/05/holy-cow.html' rel="nofollow">Holy Cow</a> copper, oil and wheat Holy Cow copper, oil and wheat

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