Daily Digest

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Daily Digest 4/10 - Trailer Parks Lure Investors, Central CA Sinking as Groundwater is Depleted

Thursday, April 10, 2014, 10:10 AM

Economy

Chris Martenson: “Oil’s not cheap anymore, and it will never be cheap again” (Herman J.)

“The winners are going to be those who see this coming and who start … skating to where the puck is going to be… I see where the puck is going and we’re going to have to be far more efficient, we’re going to have to use a lot less energy in the near future.”

Australian network operators ready to ditch poles and wires (Jacob)

Indeed, the two biggest operators in regional Queensland and WA have already conceded that new technologies such as solar and storage – and the emergence of mini and micro-grids – make the traditional form of delivery more or less redundant in some areas. Their services are already heavily subsidised by cash-strapped state governments, to the tune of $500 million in WA and more than $600 million in Queensland. Both governments have indicated this is unsustainable.

Last year, Ergon Energy, which covers more than 90 per cent of the state, said it was likely that its customers would find it cheaper to go offgrid – with renewables such as solar plus storage – than to remain connected to the network.

Monetary Insurance: Protect With Physical Silver Against The Financial Winter (Taki T.)

U.S. Congress knew silver to be more valuable in regard to gold than the present bullion banking fiends. And Congress knew it nine generations ago! For details, see Senate document number 67 of the first session of the 73rd Congress, “Elementary Facts Bearing On The Silver Question” by Joel F. Vaile” (50 page document, 1896). Today the reality ratio of silver to gold may have fallen to 9, due to depletion of minable silver (The U.S. Geological Survey concurs) and even more so, the evanescence of above surface inventories. Ratios of silver to gold such as the approximate 64 to 1 of late March 2014 are illusory. But the real impact is that silver is a better buy than gold.

Gold Q&A From Readers (GE Christenson)

Gold was selling for about $42 in 1971 when the national debt was about $398 Billion, not the $17.5 Trillion ($17,500 Billion) it is now. Gasoline was selling for about $0.36 per gallon and most prices for food, energy, housing, and automobiles were similarly inexpensive compared to today. That looks like a long-term bull market in quantity of debt and a bull market in the prices for food, energy, and gold. It looks like a bear market in the value of the dollar and most other paper currencies. Be happy you don’t have your life savings in Argentinian Pesos.

U.S. Oil Imports Fall to Zero Over Next 25 Years (James B.)

The EIA mapped out several scenarios using assumptions about how productive America’s oil patch will be. In the most optimistic case – the High Oil and Gas Resource case – the U.S. will no longer need to import oil by 2037. Oil production rises to 13.3 million bpd, and consumption declines enough that the U.S. wouldn’t need foreign oil to meet demand. In this scenario, U.S. oil production would continue to increase over the next two decades and plateau in the 2030s.

Trailer Parks Lure Wall Street Investors Looking for Double-Wide Returns (Wendy SD)

The economics of mobile homes are particularly alluring to folks who’ve made their living in the markets. Many counties in the U.S. have banned or discouraged construction of new trailer parks because the inhabitants are poor, pay little in taxes and drain resources. Yet demand is higher than ever, new investors in the parks say, because so many people never got back on their feet after the recession.

Oklahoma Suffering From Huge Increase in Earthquakes Near Drilling (James S.)

The Oklahoma Oil and Gas Association denies the link, and says the jury is still out. “We’re trying to make sure we understand what data the state needs in order to start making some determinations on cause and effect” said Chad Warmington, the trade association’s President. “We don’t want anybody to jump to conclusions.” The group doesn’t want Oklahoma regulators to halt drilling operations.

How Long Until It's Gone? (Dana T.)

Estimated decomoposition rates of common marine debris items.

Central California is Sinking as Groundwater is Depleted (Wendy SD)

In the short term farmers can dig more wells and draw more water from underground aquifers to keep their crops growing, but in th long term this creates subsidence and insures that those aquifers will not refill in the future.

Gold & Silver

Click to read the PM Daily Market Commentary: 4/8/14

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."

3 Comments

saxplayer00o1's picture
saxplayer00o1
Status: Diamond Member (Offline)
Joined: Jul 30 2009
Posts: 4066
Arthur Robey's picture
Arthur Robey
Status: Diamond Member (Offline)
Joined: Feb 4 2010
Posts: 3936
Excellent Podcast by Dr. Martenson.

I have listened to the podcast and it was excellent. High baud rate and good clarity. (Baud rate=information stream)

Afridev's picture
Afridev
Status: Silver Member (Offline)
Joined: Oct 11 2013
Posts: 128
Image ground water extraction causing subsidence

Interesting image on what surface level reduction caused by groundwater extraction can look like; the years on the pole indicate the level of the surface in these years: http://en.wikipedia.org/wiki/File:Gwsanjoaquin.jpg

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