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Daily Digest 7/23 - Requiem For Detroit, Peak Oil Lives But Will Kill The Economy

Tuesday, July 23, 2013, 10:33 AM

Economy

Detroit, and the Bankruptcy of America's Social Contract (westcoastjan)

But there's a more basic story here, and it's being replicated across America: Americans are segregating by income more than ever before. Forty years ago, most cities (including Detroit) had a mixture of wealthy, middle-class, and poor residents. Now, each income group tends to lives separately, in its own city -- with its own tax bases and philanthropies that support, at one extreme, excellent schools, resplendent parks, rapid-response security, efficient transportation, and other first-rate services; or, at the opposite extreme, terrible schools, dilapidated parks, high crime, and third-rate services.

Requiem For Detroit (Michael W.)

It’s fitting that Detroit is the first great American city to officially bite the dust, because it produced the means of America’s suicidal destruction: the automobile. Of course you could argue that the motorcar was an inevitable product of the industrial era — and I would not bother to enlist a mob of post-doc philosophy professors to debate that — but the choices we made about what to do with the automobile is another matter. What we chose was to let our great cities go to hell and move outside them in a car-dependent utopia tricked out as a simulacrum of “country living.” The entire experiment of suburbia can, of course, be construed as historically inevitable, too, but is also destined to be abandoned — and sooner than most Americans realize.

Same Old Warfare? (Chris M.)

Saltpetre was certainly felt to be mysterious (best used in a ratio of six parts sulphur, and one part charcoal). Early scientists were not sure whether it was organic and sprouted from the soil, or a mineral to be mined. They agreed only that it seemed to turn up most plentifully in soils rich in urine and dung. The result was that the British crown for four centuries gave a veritable blank cheque for freelancing saltpetre hunters to scour the countryside at a breakneck pace for this strategic national asset. And dig around they did, especially in toppling private stables, overturning outhouses, and tunnelling through refuse piles of both the rich (with some difficulty) and the poor, as well as in caves and burrows where naturally occurring manure and guano were plentiful.

Energy

Peak oil lives, but will kill the economy (Ivo M.)

The thrust of the message was that peak oil is a myth because we're not running out of oil. Even if costs go up, this will automatically spur the technological innovation that will make continued extraction of expensive oil viable.

But Shukman's characterisation of the new Eos paper is a combination of falsehood and half-truth. Far from describing peak oil as a myth, the paper's conclusions are far more nuanced, and point to an overwhelming body of evidence contradicting the industry hype that the rest of his report parrotts uncritically.

Piggybacking on the Hunt For Massive Oil Discoveries: Interview with AOS (James S.)

We estimate that by using satellite data analysis over a number of criteria--gravity gradiometry, thermal emissivity analysis, geobotany analysis including vegetation anomalies and geo-microbial review over specific high-graded areas on our acreage--we can save millions of dollars and years of time. We then get to specific areas that are ready for smaller, focused electroseismic surveys / 3-D surveys, and that can then be attacked as drillable targets either to take on ourselves, or to farm down to majors who are looking for the next major rift discovery.

Oil Production Aside, Middle East still Matters (James S.)

Unrest in the Middle East is responsible for much of the increase in oil prices for July. That, in turn, has trickled down to consumers in the United States and China, where gasoline prices are on a steady march upward. That leaves consumers in the two leading economies with less money to spend at a time when market recovery hangs in the balance. In the United States, pro-energy lawmakers contend more domestic energy production would shield U.S. markets from Middle East issues. Already U.S. legislators are clamoring over retail prices, though traders were quick to remind them crude oil is a commodity traded on the global market.

Environment

An expert finds New York City's air is full of foreign matter, including rubber and rust (jdargis)

The range of aerosols found in the air didn’t surprise Judith Zelikoff, a professor in the department of Environmental Medicine at New York University. “A lot of things that are in the air are a kind of a signature of what’s in that environment,” she said.

Now, Old MacDonald Has a Robot (westcoastjan)

Robots are only part of the farm technology story, though. Should we care about a cow's physical activity? More Canadian farmers are adopting pedometry -- which employs motion sensors on cows to measure and record their activity. This data is analyzed via computer software programs to help farmers detect when cows are in heat. The technology reduces labour costs, improves efficiency, and significantly improves breeding success.

Gold & Silver

Click to read the Gold & Silver Digest: 7/22/13

Provided daily by the Peak Prosperity Gold & Silver Group

Article suggestions for the Daily Digest can be sent to [email protected]. All suggestions are filtered by the Daily Digest team and preference is given to those that are in alignment with the message of the Crash Course and the "3 Es."

4 Comments

saxplayer00o1's picture
saxplayer00o1
Status: Diamond Member (Offline)
Joined: Jul 30 2009
Posts: 4145
India clamps down on gold imports

India clamps down on gold imports

Arthur Robey's picture
Arthur Robey
Status: Diamond Member (Offline)
Joined: Feb 4 2010
Posts: 3936
Same old Rationalizations.

A long time ago, in a country that no longer exists a young man wrote:

Sold my soul to the Devil,
And the fault is only mine.
Sold by a little squiggle.
On a little dotted line.

What I found out in the SAS is that warfare is not about fighting. It is about Butchery.

The article "Same old Warfare" is an appeal to make warfare glamourous again. Bring back the old ways. Make it acceptable, Chivalrous even.

This is a dangerous fantasy. Warfare must always invoke horror. For that is it's true nature.

I can hear the bleating rationalizations now. "No. No. That is not what we meant!!. You misunderstand."

No I don't.

 

saxplayer00o1's picture
saxplayer00o1
Status: Diamond Member (Offline)
Joined: Jul 30 2009
Posts: 4145
saxplayer00o1's picture
saxplayer00o1
Status: Diamond Member (Offline)
Joined: Jul 30 2009
Posts: 4145
Inflation stays low and raises concerns for central bankers

Correction:

Inflation stays low and raises concerns for central bankers (FT)

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