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.

Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: combjelly who wrote (346951)	8/15/2007 10:16:08 PM
From: Joe NYC	Read Replies (1) \| Respond to of 1575267

cj, Sooner or later we will hit peak oil, assuming we haven't already. If we keep not planning for it, it will come as a surprise. And it is the type of surprise that forces massive changes in a very short time. And that means that poor choices with long term consequences will be made. I partly agree, partly disagree. Poor choices, or even catastrophic choices can be made even in the planning process. I would go as far as say that it is more likely that poor or catastrophic chioces would be in planning than during the real thing (peek oil consequences). The reason for that is that these "planning" choices are made in Washington and Brussels, and choices how to deal with the reality are done by millions or billions of individuals and the marketplace. I trust individuals and marketplace far more than Washington or Brussels. Let me give you an example of how Brussels operates, I have read recently. In Slovakia, that I have visited this summer, US Steel wants to expand its steel production capacity, of course using the cleanest, state of the art technology, up to the highest EU standards. EU reduced Slovakia's carbon budget (imposed by combination of EU and Kyoto nonsense), so the new plant expansion can't be built. The fact that there is huge demand for steel, globally and locally (what US Steel was responding to) and the steel has to come from somewhere. So now instead, the incremental supply will come from the dirtiest plant in China. Now who has won? Certainly not Europeans. Certainly not the global environment. And in addition to the steel being at a dirty plant in China, it has to be transported half way around the world. So this is an example of catastrophies emitting from Brussels, and likely to come from Washington as well. Joe