Daily Digest

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Daily Digest 11/27 - Surviving 2014, Google Gives Up On Renewables

Thursday, November 27, 2014, 12:31 PM

Economy

So Bad It's Good: Surviving 2014 (Kevin J.)

We asked some of the best investors in the precious metals/resources sector what they are thankful for this year.

“Marin Katusa: I am grateful for the current correction in the resources area. It is what we've been waiting for. We have been saying to stay in cash for a while, be very patient, we're going to have a correction.”

“John Kaiser: Going forward, investors in the resource sector will only look smart for the right reasons.”

“David Morgan: As I say at the end of The Morgan Report every month, "health above wealth, and wisdom above knowledge." As always, I am grateful to be alive and surrounded by wonderful people.”

Grandmaster Putin's Golden Trap (pinecarr)

Not so long ago, British scientists have successfully come to the same conclusion, as was published in the Conclusion of the U.S. Geological survey a few years ago. Namely: Europe will not be able to survive without energy supply from Russia. Translated from English to any other language in the world it means: "The world will not be able to survive if oil and gas from Russia is subtracted from the global balance of energy supply".

NATO To Deploy Tanks In Eastern Europe Shortly After VP Of Europarliament Says Ukraine-Russia War Imminent (pinecarr)

U.S. General Philip Breedlove's comments late on Wednesday came amid fears in Kiev that Russian-backed rebels will try to grab more land in eastern Ukraine to establish a land corridor to Crimea, which was annexed by Russia in March.

"We are very concerned with the militarisation of Crimea," Breedlove said, following meetings with Ukraine's top political and military leaders in Kiev.

OPEC Takes No Action to Ease Supply Glut as Oil Slumps (jdargis)

Oil tumbled into a bear market this year as the U.S. pumped the most in more than three decades and conflict in the Middle East and Ukraine failed to disrupt supply. While OPEC’s 30-million-barrel limit has been in place since 2012, the group actually produced almost 1 million barrels more last month, data compiled by Bloomberg show.

“OPEC has chosen to abdicate its role as a swing producer, leaving it to the market to decide what the oil price should be,” Harry Tchilinguirian, head of commodity markets at BNP Paribas SA in London, said today by phone. “It wouldn’t be surprising if Brent starts testing $70.”

Gold Price Went Ballistic To $1,450 In Less Than 20 Minutes (Taki T.)

he same surge was visible on bulliondesk.com, as the first chart shows. Some 20 minutes later, the price was “normalized” again at the levels before the “glitch” as evidenced by the second chart. Here again, the blip was not erased or corrected from the chart afterwards.

Google Gives Up On Renewables (Evan K.)


The question of whether renewable energy can be made to work has been discussed at length on this site, and while opinions remain divided I don’t remember ever seeing such a negative assessment from commenters on the – for want of a better word – “green” side of the fence. This is what makes the Google project interesting, because the people who shut it down – Google management – were of a strongly green persuasion and the people who ran it were too.

Utilities Facing Coal Shortages Due To Rail Congestion (Evan K.)

With winter approaching, the piles of coal at utility yards are running well below average, and several utilities are pressuring rail companies to allow more coal trains through. The problem is the traffic jam on railways across the country. A bumper crop for U.S. grain has led to a surge in shipments, with farmers shipping 15% more grain so far in 2014 compared to a year earlier. The story is similar with oil. Shipments of oil by rail – owing to a dearth of pipeline capacity – are up more than 13% this year. But coal still makes up the largest share of commodity-driven rail activity, and about two-thirds of all coal burned in American power plants is shipped by rail.

Goodbye, Oil: US Navy Cracks New Renewable Energy Technology To Turn Seawater Into Fuel, Allowing Ships To Stay At Sea Longer (Ben Johnson)

"It's a huge milestone for us," said Vice Adm. Philip Cullom. "We are in very challenging times where we really do have to think in pretty innovative ways to look at how we create energy, how we value energy and how we consume it. We need to challenge the results of the assumptions that are the result of the last six decades of constant access to cheap, unlimited amounts of fuel."

The breakthrough came after scientists developed a way to extract carbon dioxide and hydrogen gas from seawater. The gasses are then turned into a fuel by a gas-to-liquids process with the help of catalytic converters.

Gold & Silver

Click to read the PM Daily Market Commentary: 11/25/14

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."

6 Comments

sand_puppy's picture
sand_puppy
Status: Diamond Member (Offline)
Joined: Apr 13 2011
Posts: 1761
Can't wait to hear Chris explain today's oil price action

But, I guess we'll give him a day off.

:-)

KennethPollinger's picture
KennethPollinger
Status: Platinum Member (Offline)
Joined: Sep 22 2010
Posts: 653
Many, many years ago

after founding The Awaressness Center in the Catskills, and having had folks visit for various reasons, the following arose from within:

NOTE: On two weekends in May, "Sacred Mountain" Willie Black Cat led two incredible "sweats." On the second sweat, Grandmother Wild Flower blessed our event with her presence and song. Riding back, a poem arose.

Gratitude

  1. Counting the countless arisings of gratitude.
    An ever-expanding vortex of grateful energy.
    Opening the heart until almost bursting.
    Vibrational frequency rising, exquisitely intolerable
     
  2. Sweats at the Point.
    New seeker friends constantly arriving.
    Sharing prayers, songs, and conversation
        over foodfeasts delighting exterior and interior.
    Each expressing heartfelt thankfulness
        like thunder clouds abuilding,
    Pouring forth tears of joy and peace
        nourishing the land.
     
  3. Grandfather, Grandmother with smiles rejoicing,
    Their children all brothers and sisters becoming.
    Visions, healings sending,
        in song their voices heard.
    Heaven meets Earth again.
     
  4. The heart created for love,
    Yet Love needs the heart
        to manifest Itself.
    And manifested Itself indeed!
thc0655's picture
thc0655
Status: Diamond Member (Offline)
Joined: Apr 27 2010
Posts: 1513
Oil's plummeting price

Here ya go, sand_puppy:  Raul Ilargi on oil's price action (look out below, reality is peeking through the cracks of the fake Central Bank "economy").

http://www.theautomaticearth.com/the-price-of-oil-exposes-the-true-state-of-the-economy/

We should be glad the price of oil has fallen the way it has (losing another 6% today as I write this). Not because it makes the gas in our cars a bit cheaper, that’s nothing compared to the other service the price slump provides. That is, it allows us to see how the economy is really doing, without the multilayered veil of propaganda, spin, fixed data and bailouts and handouts for the banking system. 

It shows us the huge extent to which consumer spending is falling, how much poorer people have become as stock markets set records. It also shows us how desperate producing nations have become, who have seen a third of their often principal source of revenue fall away in a few months’ time. Nigeria was first in line to devalue its currency, others will follow suit.

Montana Native's picture
Montana Native
Status: Silver Member (Offline)
Joined: Mar 17 2009
Posts: 162
saxplayer00o1's picture
saxplayer00o1
Status: Diamond Member (Offline)
Joined: Jul 30 2009
Posts: 4065
Wendy S. Delmater's picture
Wendy S. Delmater
Status: Diamond Member (Offline)
Joined: Dec 13 2009
Posts: 1982
Oh, great

NATO To Deploy Tanks In Eastern Europe Shortly After VP Of Europarliament Says Ukraine-Russia War Imminent

Oh, great. Another land war in Asia.

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