Daily Digest

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Daily Digest 3/6 - Crude Oil Train Derailment In IL, Hormone-Disrupting Chemicals ‘Cost Billions’

Friday, March 6, 2015, 11:23 AM

Economy

Initial jobless claims unexpectedly jump to nine-month high (Adam L.)

The recent upward trend probably was caused by bad winter weather, particularly in the eastern U.S., said Ian Shepherdson, chief economist at Pantheon Macroeconomics. Snowstorms can lead some businesses to temporarily lay off workers.

Claims have been running below 300,000 for most of the previous six months as job growth has picked up.

More Great real-world Survival Lessons from Ukraine (pinecarr)

But, if there are roadblocks set, it is too late to evacuate. Especially horrible there were groups of cars with signs "Children", that tried to pretty much storm through roadblocks under gunfire. There were a lot of those, but a real spike was not when the shells first fall onto our city, but when the city got blocked there was nowhere to go.
Later, about a month after that, there were the same thing going in the opposite direction, when people who thought it will be over in a month started to go back home. But it was far from over.

CIA Whistleblower face 100 years for Exposing Government Lies (Nate)

CIA whistleblower, Jeffrey Sterling, now faces up to 100 years in prison and a fine of $2.25 million for blowing the whistle on the CIA planting false evidence of nuclear weapons in Iran.

Federal Agencies: Subtle push against FOIA bill begins in administrative branch (jdargis)

"I am informed by both the Department of Justice and the National Association of Assistant United States Attorneys that the 25-year sunset provision on Exemption 5 could invite defendants and their lawyers to use FOIA as an alternative discovery tool in attempts to re-open closed cases," Sessions said in a section tucked in at the end of the report and titled "Additional views from Senator Sessions."

Sessions, a former U.S. attorney, also said that "by subjecting such documents to potential disclosure, this legislation could chill government lawyers from offering candid advice and invite criminal defendants and their attorneys to re-open and re-litigate long-resolved cases."

Hormone-disrupting chemicals ‘cost billions’ (Michael W.)

Endocrine-disrupting chemicals (EDCs) can be physically similar to the hormones that naturally control our body's physiology so mimic their function. They can also block the function of hormones.

They have been linked with declining sperm counts, some cancers, impaired intelligence, obesity and diabetes. The main concern surrounds their impact during early development.

Chemical Exposure Linked to Billions in Health Care Costs (jdargis)

The researchers detailed the costs related to three types of conditions: neurological effects, such as attention deficit disorders; obesity and diabetes; and male reproductive disorders, including infertility.

Congress Facing Huge Pressure To Lift Oil Export Ban (Evan K.)

A lobbying blitz is underway to scrap the decades old ban on crude oil exports from the United States. Originally implemented during price spikes in the 1970’s, oil exports from the U.S. have been legally blocked, save for exemptions given to exports to Canada. That was largely a nonissue for several decades as the U.S. was a massive importer of oil, and there wasn’t much of an opportunity for domestic drillers to export crude.

Freight train carrying crude oil derails near Illinois city (jdargis)

The derailment comes amid increased public concern about the safety of shipping crude by train. According to the Association of American Railroads, oil shipments by rail jumped from 9,500 carloads in 2008 to 500,000 in 2014, driven by a boom in the Bakken oil patch of North Dakota and Montana, where pipeline limitations force 70 percent of the crude to move by rail.

Gold & Silver

Click to read the PM Daily Market Commentary: 3/5/15

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."

7 Comments

saxplayer00o1's picture
saxplayer00o1
Status: Diamond Member (Offline)
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aggrivated's picture
aggrivated
Status: Platinum Member (Offline)
Joined: Sep 22 2010
Posts: 542
oil freight dangers-wrong call

After listening to Chris and Charles last podcast I then read thearticle ,'Freight train carrying oil derails', which sounds almost like a dripping faucet propaganda piece for the new, currently vetoed pipeline. If built it would be another example of pouring perfectly good capital down the dying technology drain.  At least freight cars can be easily transported to the recycling facility.  If anything, this should be rather be a red alert call for improving the conditions and safety of our railroads which will prove more useful in the longer run.

thc0655's picture
thc0655
Status: Diamond Member (Offline)
Joined: Apr 27 2010
Posts: 1614
Real world survival tips from FerFAL

Pinecarr: thanks for sharing that link from FerFAL about real world survival tips from Ukraine!!   I haven't logged on to his site for a while and I probably would've missed this gem if not for you.  This piece is so good on so many levels I'm going to start a discussion in the Personal Safety and Home Defense Group for any who want to join me there.

But this is why I value FerFAL so much: he himself has been through collapse and learned from it and he learns from others who have also.  Here's how he ended this piece:

It goes without saying that not all situations are the same and what works well or makes sense in one specific case may not in another. Survivalism has no black and white answers. In fact, the key to survival is adaptability. Learn and adapt. Adapt the things you learn to your specific case. Having said that, by far the best source of information to learn from is real world events, other people's real experience. Too often we hear about survival “experts” telling others that things will go down this way or another and when you confront them with FACTS, things that actually happened, that actually went down a certain way, the answer usually floats around something along the lines of: "...yeah... but it would be completely different here, cuz this is 'Merica!". And if you ask why is it that they rather not learn from things that have actually happened, rather than prepare based on what they see on "The Walking Dead" the answer doesn’t make much more sense and it goes along something like "... cuz... this is 'Merica!"

Don’t be that guy. Learn from these experiences, from what others have gone through. It may not happen exactly the same but there are a TON of similarities, there always are. This is much more useful than wasting time debating the survival lessons seen in some TV series.

 

sand_puppy's picture
sand_puppy
Status: Diamond Member (Online)
Joined: Apr 13 2011
Posts: 1885
Catching on to what is happening early, and adapting

thc0655 and pinecarr,

I appreciate the FerFAL post also.  There are a lot of similar themes to the LA Dark (Jeremy's Run Book 1) series of novels I posted about yesterday of a collapse in a mega-city.

One of the big themes I hear repeating is to catch on to what is really happening EARLY and respond ahead of "the masses."  Have an accurate cognitive map of the process unfolding.  Watch out for denial ("Oh, they would never do that!") and reluctance to change ("That seems really hard to do.  I'll just stay here and see how it goes.") and the host of other cognitive distortions we human love. 

1.  Once your currency is in full collapse mode, banks are on holiday and government criminalizes purchasing gold (like Ukraine just did), it is too late to move savings to the most stable international currency, gold.

2.  Once road blocks are in place, it is too late to travel.

3.  Once it is completely clear that you will need a firearm, it is also clear to everyone else and all the firearms for sale are gone.

4.  Once water ceases to fall from the tap, it is too late to purchase water jugs and fill them.

I like the metaphor that each element of a collapse is like an ambush:

  • not announced ahead of time,
  • but can be suspected to be occurring or likely to occur by one who understands the big picture
  • small clues foretelling the event were present for the alert

thc0655, I would love to hear your ongoing thoughts.  :-)

 

 

 

 

rjs's picture
rjs
Status: Gold Member (Offline)
Joined: Aug 8 2009
Posts: 445
on US oil exports

re: Congress Facing Huge Pressure To Lift Oil Export Ban

that's the height of stupidity...we should leave our oil in the ground until we absolutely need it...even the EIA projects our oil production will peak in 2020 and gradually decline from there…meanwhile, they project an average oil price of $234.53 a barrel by 2040:

 
we’re selling it cheap now and we’ll be buying it back dear later…
pinecarr's picture
pinecarr
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Joined: Apr 13 2008
Posts: 2244
Great insights in Ferfal post

Hi thc0655 and Sand_Puppy-

   I'm glad you liked Ferfal's link containing the translated postings of bloggers' experience in the Ukraine.  I found the near-real-timeness of the postings riveting; this is happening to people now. 

   Very cool that you're going to start a discussion based on Ferfal's post in the Personal Defense and Home Safety Group, thc0655!  I'm looking forward to checking it out.

   I really like your summary of some of the key messages in the post too, Sand_Puppy.  The points sound so obvious, and yet I haven't done everything I should do that they discuss.  E.g., "Once water ceases to fall from the tap, it is too late to purchase water jugs and fill them"  I'm embarrassed to say I just recently got back-up water stored after owning the containers for months!!  But when water pipes started bursting in the cold weather we're having in the North East, it finally dawned on me that the water really COULD stop coming from the tap before I stored it...doh!!!

  

cmartenson's picture
cmartenson
Status: Diamond Member (Offline)
Joined: Jun 7 2007
Posts: 5727
Stupidity of export ban
rjs wrote:

re: Congress Facing Huge Pressure To Lift Oil Export Ban

that's the height of stupidity...we should leave our oil in the ground until we absolutely need it...even the EIA projects our oil production will peak in 2020 and gradually decline from there…meanwhile, they project an average oil price of $234.53 a barrel by 2040:

 
we’re selling it cheap now and we’ll be buying it back dear later…

Well, the US is still a major importer of oil so exporting oil doesn't make much sense on the surface.

As you can see here, the US still imports about 5 million barrels a day on a net basis.

The issue is the grades of oil that are being produced from the shale plays are not the same grades of oil that the US refineries are mostly tuned for.

So the oil producers would like to be able to export those light grades and get about $10 per barrel more for them (currently) on the world market.

That said, I'll agree with your larger sentiment which is that we should be thinking far more aggressively about conservation of our energy resources than we currently are...where the dominant idea seems to be to use them up as fast as possible.  That's not terribly far sighted or intelligent.

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