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Post by glennkoks on Jul 16, 2014 2:26:27 GMT
This El Nino is already done. The monsoons have returned to India. If El Nino is really "done". One has to give a credit to Astromet who was very adamant that this was not going amount to much... At a time when most were talking "super nino"
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Post by glennkoks on Jul 13, 2014 0:25:37 GMT
Astromet,
Great post. Thanks
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Post by glennkoks on Jul 9, 2014 3:53:36 GMT
sigurdur,
I don't know that we are "doomed". Barring unforeseen growth our kids/grandkids will most likely have to deal with some type of default in our distant future. But I'm not sure that will be the end of the good old USA. Our days of being the worlds number one economy are probably coming to a close but I suspect we will remain a world power for generations to come. China, Russia, the Euro's all are in just as deep as we are.
The problem is our new world economy is so intertwined that problems in China or Europe could take us down and vice versa.
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Post by glennkoks on Jul 9, 2014 0:10:22 GMT
The "backlash" to spending copious amounts of money is deferred for our kids, grandkids and great grandkids... And despite what Mr. Cheney believes deficits do matter.
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Post by glennkoks on Jul 8, 2014 15:30:10 GMT
Magellan, 100% Obama's doing? Really? You really need to take off those rose colored glasses. Our problems started long before Mr. Obama. Looking through rose colored glasses means you are optimistic. You may want to look it up. And you are full of crap that this problem started before Obama. This is totally different than what has been occurring in the past. He said he was going to bypass Congress (he has a pen and a phone) on immigration and anything thing else he damn well pleases so he opened the floodgates. He ordered border agents to violate the law. He threatened doctors and nurses with jail time if they spoke out. Name another time in history whereby the government constructed a transportation system to bring in illegals, or when border agents are used as social workers. Damn you are so blind and naive. That XL pipeline deal sure worked out didn't it? Now the Chinese will get the oil. Where the hell do you get your information from, still NPR? Don't you pay attention to what is going on? First the WH lied about the numbers, then Obama said they would be returned back to their home country, which was also a lie. And on and on. Obama lies every day, is systematically ripping the country apart and you think he's just another guy in the WH. /quote] Our downward slide started long before Mr. Obama. Deficit spending, non enforcement of our immigration laws, endless wars the list goes on and on... To say our deep rooted issues are all Mr. Obama's fault is not living in reality. I get my info from varying sources certainly not from the hyper partisan websites not grounded in reality that you get your info from.
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Post by glennkoks on Jul 7, 2014 12:04:29 GMT
The cool still has a grip on Texas (relatively speaking). Houston has still not had a 95 degree day which puts us in the top 10 latest years for that not occurring
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Post by glennkoks on Jul 5, 2014 15:12:15 GMT
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Post by glennkoks on Jul 5, 2014 15:07:52 GMT
Magellan,
100% Obama's doing? Really?
You really need to take off those rose colored glasses. Our problems started long before Mr. Obama.
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Post by glennkoks on Jul 2, 2014 2:15:01 GMT
Strange times we live in.
I don't see very many CEO's worth more than a multiplier of say 20. Many of them who were paid a bonus should have been put in jail during the meltdown in 2008. BNP Paribas just agreed to pay an almost 8 BILLION dollar fine and their stock goes up the most in years? WTF?
Nothing has been done about "to big to fail" and if history serves as a lesson we are only a few years away from the next banking crisis. Only this time we won't have enough money to throw at it to fix it and we will crash and burn and probably take the worldwide economy down with us.
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Post by glennkoks on Jul 1, 2014 13:20:10 GMT
Code
Thanks for the link. It really was a good read.
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Post by glennkoks on Jun 29, 2014 4:45:29 GMT
Just a guess but early 2021? When the AMO changes to a negative phase and crop production crashes? It's as good as any guess
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Post by glennkoks on Jun 28, 2014 23:09:19 GMT
Magellan,
The demise of the U.S. is still many, many years away. Not because we don't have serious issues. But because all of the "challengers" have more serious issues.
In the land of the blind the one eyed man is still king. Were still king for a good while. Europe, Russia and China all have issues and a basket currency of crap is still crap.
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Post by glennkoks on Jun 28, 2014 16:11:16 GMT
Oddly enough with the first signs of inflation starting to show my outlook on gold is starting to change. In addition the Chinese are starting to realize their "real estate" bubble is going to bust and are most likely turn to gold.
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Post by glennkoks on Jun 27, 2014 22:21:33 GMT
sigurdur,
No argument. But how can the government force refineries to crack light sweet? regulation? The best way is via the free market. Once we get rid of the archaic rules competition in the free market will do the rest.
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Post by glennkoks on Jun 27, 2014 15:28:56 GMT
I stole this but I could not have said it better: "I'm in favor of exporting light crudes. It will help our trade imbalance, will not significantly hurt refiners (no one will be losing jobs), will help continued growth in the upstream/midstream market (i.e. more jobs, more energy security, and more help in our trade imbalance). As with anything, whether you agree or not typically has to do with how it will affect YOU, not whether it is good for the country. Refiners don't want it, because they want to keep WTI artificially depressed against Brent and therefore have better margins. Consumers don't want to because they somehow think it will increase the price at the pump (it will not). Those in the upstream/midstream market want it because many of us fear a collapse if we do not. Look at PADIII inventories as oil is making it's way down from Cushing to it's "final resting place". It's over 200k now. Refiners are running at 90+% capacity and certainly cannot accept more light crude (they start discounting the crude significantly when the API goes above 40, meaning producers are not evegettinWTIprices for their oil) So the only reasonable outlet is export."
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