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Politics : View from the Center and Left -- Ignore unavailable to you. Want to Upgrade?

To: Wharf Rat who wrote (148227)10/27/2010 12:34:55 PM
From: Steve Lokness  Respond to of 543652
 
Wharf Rat;

David Murphey;
Sooo, listening to what David said in the Oildrum interview, stimulus spending would be a rather fruitless endeavor? That the more you spend to stimulate the economy, the less the return on the investment as we push into higher oil prices. Catch 22 of sorts.

David also brings up the interesting idea that increasing GDP is perhaps not such a good thing - that just more more more is not better. I found his arguments refreshingly honest and thoughtful.

Steve



To: Wharf Rat who wrote (148227)10/27/2010 12:37:20 PM
From: Steve Lokness  Read Replies (1) | Respond to of 543652
 
Wharf Rat;

I wanted to bring up the issue of NG prices as a separate comment. Could it be that the reason oil prices remain high and NG prices have fallen to such dismal levels is that oil is a commodity that is easily traded around the world - think China - but NG isn't? We are for the most part stuck using our own NG.


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