Daily Digest

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Daily Digest 11/18 - Silver In Technology, What Happens after the U.S. Oil Boom Goes Bust?

Monday, November 18, 2013, 11:33 AM

Economy

Little-Known Facts About The Importance of Silver in Technology (Ritu)

Silver, whose chemical symbol is Ag (Greek: άργυρος árguros, Latin: argentum, both from the Indo-European root *arg- for “grey” or “shining”), is one of the most versatile elements we know. It has the highest electrical conductivity of any element and the highest thermal conductivity of any metal. Silver occurs in pure form, as an alloy with other metals or in minerals. The white, shiny metal has been long valued as a precious metal, thus used for silver coins, bullion, bars, ornaments, jewelry, and tableware.

Schilling Shilling (Michael W.)

Contrary to Gary Schilling’s blather, America is not practicing “energy conservation.” Rather, an economy engineered strictly to run on cheap oil has gotten crushed by oil that is not cheap. Does Schilling believe, for example, that American suburbia works just as well on $90-a-barrel oil as it did on $11-a-barrel oil, or that it has a future as the basic armature of daily life, or that we are doing anything meaningful to alter the burdens of living this way? My guess is that he has never thought about it.

Jim Rogers on Price Inflation, Gold & Why China Will Continue to Boom (Herman J.)

The anomaly in gold was that it went up 12 years in a row, which is extremely unusual. I know of no asset in history that’s gone up 12 years without a decline. So I suspect the correction in gold would also be an anomaly given that it’s had this strange action for 12 years. It’s been correcting for a couple of years now. I don’t think that correction is over given that there are still many, many people who are convinced that gold can never go down.

The Coming Bust of the Great Bakken Oil Field (Thomas C.)

The EIA – U.S. Energy Information Agency is now putting out data on the individual shale oil and gas plays in the country. While the American public and world have been made aware of the huge increase in oil production coming from the Bakken, few are privy to the dark side of the equation. The Bakken’s daily decline rate from their existing oil wells has reached a staggering 63,000 barrels a day.

What Happens after the U.S. Oil Boom Goes Bust? (James S.)

The Organization of Petroleum Exporting Countries singled out the phenomenon in its latest monthly market report. Driven mainly by the United States and Canada, the 12-member cartel said non-OPEC oil production should increase by 1.2 million bpd to average 55.3 million bpd in 2014.

Tepco Successfully Removes First Nuclear Fuel Rods at Fukushima (Thomas C.)

“Although moving spent fuel into long-term storage is a routine task that Tepco has taken more than 1,200 times over the years, the circumstances at Fukushima Dai-Ichi require special care,” Tepco president Naomi Hirose said in a video message on the company’s website. “The success of the extraction process therefore represents the beginning of a new and important chapter in our work.”

Kauai's GMO and Pesticide Bill Is Set to Become Law After Veto Override (thatchmo)

"We are not placed in these positions to be a hero or pave the way for other communities," he said in reference to comments by some activists who support the bill that Kauai should become a model for other counties. "We are here to take care of Kauai and Niihau and the people who live here. Efforts of this magnitude take time, patience and above all heartfelt collaboration — and it takes leadership."

Super Typhoon Haiyan: Realities of a Warmed World and Need for Immediate Climate Action (Doug A.)

This was the feeling captured by Yeb Saño, the Philippine’s lead negotiator to this year’s United Nations Climate Talks (COP). As he tearfully pleaded with the delegation gathered in Warsaw, Poland, he powerfully pressed them for action and challenged those who stand it its way. He dared those still unconvinced by the need for climate action to do a little sightseeing, and take in the impacts of rising sea levels as they surge inland in front of storms, of melting glaciers as they flood the land they once nourished, of drought-induced famine as it destabilizes weak nations and of unprecedented hurricanes and typhoons that have pounded the U.S. and Asia alike.

Gold & Silver

Click to read the PM Daily Market Commentary: 11/16/13

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."

5 Comments

saxplayer00o1's picture
saxplayer00o1
Status: Diamond Member (Offline)
Joined: Jul 30 2009
Posts: 4238
Time2help's picture
Time2help
Status: Diamond Member (Offline)
Joined: Jun 9 2011
Posts: 2888
Escape velocity...

Time2help's picture
Time2help
Status: Diamond Member (Offline)
Joined: Jun 9 2011
Posts: 2888
We need to spend moar

Just ask the expert

thc0655's picture
thc0655
Status: Diamond Member (Offline)
Joined: Apr 27 2010
Posts: 1714
Helicopter money!!!

This is SO INSANE it brings tears to my eyes.  But, hey, Helicopter Ben promised to drop money from the sky if necessary, and that's all this would be. So I'm really trying not to be surprised. I do get disturbed, though, when it seems each new day brings another outrage against sanity, something that just yesterday was a joke because it could never happen. The system is built to require ever-increasing debt, and I do admit new debt is getting harder and harder to generate. So this would be a way to generate new debt to keep the status quo going. It would also be just about the last step before Armageddon. Surely this couldn't go on for long.  I know for sure I'd spend every cent of my government check buying gold and silver, and every other penny I could find under the couch cushions, until the whole thing exploded. Someone please tell me this is a satire from The Onion. Please.

http://www.shtfplan.com/headline-news/establishment-proposes-have-the-go...

"Welcome to The Hunger Games. May the odds be ever in your favor."

Time2help's picture
Time2help
Status: Diamond Member (Offline)
Joined: Jun 9 2011
Posts: 2888
thc0655 wrote: This is SO
thc0655 wrote:

This is SO INSANE it brings tears to my eyes.  But, hey, Helicopter Ben promised to drop money from the sky if necessary, and that's all this would be. So I'm really trying not to be surprised. I do get disturbed, though, when it seems each new day brings another outrage against sanity, something that just yesterday was a joke because it could never happen. The system is built to require ever-increasing debt, and I do admit new debt is getting harder and harder to generate. So this would be a way to generate new debt to keep the status quo going. It would also be just about the last step before Armageddon. Surely this couldn't go on for long.  I know for sure I'd spend every cent of my government check buying gold and silver, and every other penny I could find under the couch cushions, until the whole thing exploded. Someone please tell me this is a satire from The Onion. Please.

http://www.shtfplan.com/headline-news/establishment-proposes-have-the-go...

"Welcome to The Hunger Games. May the odds be ever in your favor."

Hang in there man. 

 

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