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.

Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: bart13 who wrote (100830)	5/29/2013 9:26:12 AM
From: Robin Plunder	1 Recommendation Respond to of 217515

Yes, probably peak cheap oil is passed... here is the link to the comment I saw yesterday...while bakken oil might not be cheap, there could be quite a lot of it... rp "Saut: “I think the move toward energy independence is going to be huge. The latest figures show that we are producing 725,000 barrels a day out of the Bakken, but it’s going to be over 1,000,000 barrels a day by the end of the year. Here’s the key, the resource we are currently drilling on in the Bakken is only 36 feet thick. But there is another resource underneath that called the ‘Three Forks Resource’ that’s a staggering 4,000 feet thick. They expect it to contain over a stunning 7 billion barrels of oil. But it’s not just the Bakken, this is going on all over the country. So the move to energy independence is very, very bullish for America over the long-run.” kingworldnews.com

To: bart13 who wrote (100830)	5/29/2013 10:38:07 AM
From: carranza2	3 Recommendations Read Replies (1) \| Respond to of 217515

From Jesse via RM (hat tip) a Fed statistic which should give everyone pause.....every $ spent on stimulus has resulted in less than a dollar's worth of economic activity....multiply x a few trillion: 2013 Amount of Dollar GDP Added For Each Additional Dollar of US Federal Debt The line represents each dollar of GDP added for each incremental dollar of Federal Debt. I would suggest that someone look into why the velocity of debt is now running into the law of diminishing returns. The big slide started with Reagonomics and the 'supply side' theory based on the second chart. It might have something to do with a corrupt financial system, the myth of efficient markets and globalization, tax cuts for the wealthy and unfunded wars, and the largely stagnating median wage. However one wishes to slice it, it might be difficult to make up in volume what is taken away by a crippled financial system that keeps sweeping the productivity gains and national wealth up to the one percent where it is used for largely non-productive monopolization of resources, political corruption, unfunded endless wars, and fraud. Share