Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Big Dog's Boom Boom Room -- Ignore unavailable to you. Want to Upgrade?

To: Sharp_End_Of_Drill who wrote (6686)	2/13/2002 1:46:29 PM
From: el_gaviero	Respond to of 206223

KB, MDH4ever, Seppo, Sharp Thanks for thoughtful and helpful responses. MDH4, I very much enjoyed your account of trying to figure out how to properly cook a mass of mental -- and the implications. I think it is a bit presumptuous of me to get into debates about oil with people who know what they are talking about. I know very little about the subject, and the little I do know I have learned from you all on these threads. Still, it helps to have a “model” even if wrong. A model organizes thoughts and supplies expectations. If I expect X to happen, and it doesn’t, then I learn something useful -- that my mental picture isn’t accurate. The fact most impressive to me about energy last year was the response of the industrial sector to the spike in NG prices -- how strong, quick and negative it seemed to be. This got me to thinking about the link between energy and the economy. It is in the area of this link that the lagged responses and delayed feed-back loops occur that MDH4 described so well. But I wonder if more is involved. And if so, what? I have thoughts on the topic (ojo, ojo, watch out) but will spare you all for the moment, until I have a bit more time. One point, though. I think MDH4’s notion of a one cent a month tax on gasoline is brilliant. It would present consumers with something inexorable -- a slow certain rise in price -- just the kind of consideration that would get everybody to start making adjustment beginning on day one. Only trouble: the tax would have to be implemented by government -- which instantly introduces uncertainty. A winning coalition that gets the tax on the books today could very well lose out tomorrow.