Turd on the Brink of Insanity

The two parties that tend to dominate American politics aren't as dogmatic...they overlap a bit...that's all...it's no big mystery or conspiracy ! When reality closes in (impending collapse) they will have to adapt or die !  Monedas  2012    Not voting is voting !  Voting is voting !  You can't not vote !  

The markets are a mess, along with everything else. We all know that "the writing is on the wall" and there is not anything that can be done to fix the global problems.  There will be major events happening in America and as they come, the old "being prepared" will have a new view.   jmo

Hahaha, your lcs doesn't have that coin!
"The 1933 double eagle (United States 20-dollar gold coin) is a coin which currently holds the record for the highest price paid at auction for a single U.S. coin. It was purchased for US$7.59 million. 445,500 specimens of this Saint-Gaudens Double Eagle were minted in 1933, the last year of production for the Double Eagle, but no specimens ever officially circulated and nearly all were melted down, due to the discontinuance of the domestic gold standard in 1933."
Wikipedia

Sorry to be a whiner, but there are forums for discussing religious issues.

I think you are far to optimistic. The way the kleptocracy of America works nowadays, there is no way that Corzine is doing any serious prison time.

Regarding socialism, since most of you seem to bash it all the time. You people from the USA have a strange distorted idea of what socialism actually is. I would advise you all to read up on it, starting with the good old Das Kapital.

Then do some reading on one of the soundest and fairest countries in the world, Norway. High taxes, medicare for all, everything you would regard as socialist. Yet.......

"Norwegians enjoy the second highest GDP per-capita (after Luxembourg) and fourth highest GDP (PPP) per-capita in the world. Today, Norway ranks as the second wealthiest country in the world in monetary value, with the largest capital reserve per capita of any nation."

"Norway's first female prime minister, Gro Harlem Brundtland of the Labour party, continued many of the reforms of her right-wing predecessor, while backing traditional Labour concerns such as social security, high taxes, the industrialization of nature, and feminism. By the late 1990s, Norway had paid off its foreign debt and had started accumulating a sovereign wealth fund."

p.s. I am located in the Netherlands, hope to relocate sometime to Norway.

Most countries have a good possibility of income. How you spend it is the key. You want to spent it all on military, tax breaks for the rich and corporations, useless government institutions and so on. Yes, then you won't have any money left for medicare, pensions for the elderly and welfare for the jobless. It's all a matter of making choices.

Tabberto...while UCG Syndiesel is a good method of adding more supply to the market, I find it difficult to imagine gains in this process will be able to offset depletion coming in the oil industry.  While it is true that the world just witnessed a new record of TOTAL LIQUID PRODUCTION at over 90 million barrels a day, this was from lower EROI souces such as NGPL's (natural gas plant liquids), Bio-fuels.

(Chart by Stuart Staniford -- theoildrum)

In the chart below, we can see easily see that the growth has indeed been coming from NGPL's and Bio-fuels:

(chart by Stuart Staniford -- theoildrum)

I don't blame those who are not PEAK OILERS to point to the top chart and say that "See, the world is still increasing liquid fuels."  However true this may be, this increase comes at a cost.  NGPL's and Bi-fuels that account for over 10 mbd (million barrels a day) of supply have much lower energy content than CRUDE or CONDENSATE which is shown in the blue line.

Here are the energy equivalents of each:

C&C yields 5.9 MBTU/bbl;
NGPL yields 3.8 MBTU/bbl;
Other Liquids yields 4.0 MBTU/bbl

Here we can see that NGPL's and Bio-fuels yield 32% less energy than Crude & Condensate.  The demand for liquid energy is outpacing supply -- calculated by world 2002-2005 growth rate:

(Chart by Jeffrey Brown -- theoildrum)

Again, the world is dumping all kinds of liquid energy on the market to satisfy demand. 

UCG-CTL PLANT EROI 

You state that these plants can produce 20,000 barrels a day at approximately $30 a barrel.  I would assume this does not include the CAPEX it takes to build the plant.  The largest GTL Plant now running is Shell's Qatar plant that is pumping out 120,000 barrels a day of liquid fuels.  Let's not forget their original cost to build the plant was $8-9 billion.  When they opened the facility the total cost for the plant was $18-19 billion nearly double the estimated cost.

If we go by your cost of $30 a barrel for these plants and oil is running at $120, the EROI ratio for that process is 4-1 or on between TAR SANDS EROI 2-1 and SHALE OIL EROI 5-1.

For some strange reason people keep coming up with these ideas that we can run the interstate highway system on natural gas or we can convert coal to liquids (as the process you mention).  I would like to inform the reader that, even though we have a lot of coal, we are consuming most of it just to produce electricity to run the GRID.

COAL PRODUCTION vs  CONSUMPTION (in thousands)

2010 consumption = 1,051,305 short tons

2010 production = 1,084,368 short tons

By looking at these last up to date total annual figures, we can see that there is not a whole lot of extra coal for producing COAL TO LIQUIDS.

I have to laugh when people (especially some engineers) think we can just run electric cars on the interstate highways instead of burning liquid fuels.  Can you imagine just how much more electricity we would need to generate on the GRID to power 250 million cars??

Does anyone ever consider THE WHOLE PICTURE ANYMORE??

Tabberto, please make sure to provide a link to the announcement that you are expecting when it happens). That and others may markedly, and positively, affect bankable feasibility studies and financing for extractive resource industry located in proximity to coal fields.

No need to get in touch with your local company. Just got word from Ferd at the home office. . Unfortunately, they can't honor your claim without before and after pictures of your stash before it went down and the gps coordinates of same.

Murph, authorized agent for Ferd

btw, can I interest you in our new tax preparation service?

2-0

we are on our way

yay

P

minty

heh heh

"Tax 'breaks' are not SPENDING. Discussing politics is one thing, but to base it on the DNC presumption that ALL wealth belongs to .gov is dishonest."

​I'm far from being a person who would say that all wealth belongs to goverments. But IF you are someone who, like me, believes that society as a whole has an obligation to care for the elderly, the weak and the sick, then you might be able to understand how i DO include tax breaks in spending. I see people and corporations alike as entities who share an obligation to care for the parts of society who can't (any longer) take care of their own. If you choose to limit spending on welfare, medicare and pensions (partly government paid in Europe) and instead give tax breaks to corporations, you are actually redistributing this obligation into more wealth for people who do not need it. Most of the tax breaks do not end up in creating extra jobs or providing safety or medicare for workers. Most of it ends up in paying profits to the shareholders, which often are exactly the people who do not need this extra money as much as the weaker in society do.

​So all in all, yes i would like to limit taxes as much as possible but not at the expense of obligations society holds towards its individuals. In the current environment most of the excess money ends up in the hands of the already rich people at the expense of the needy.

Ask yourself, how can it be that the real economy is doing so poorly, governments are running record debts and people are living on foodstamps. Yet corporations are still having record profits. To me that would be an indication of them not paying their fair share towards society. To you it would be an indication of too much government spending. The truth is likely somewhere in the middle :)