174 comments on DrumBeat: October 23, 2008
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174 comments on DrumBeat: October 23, 2008
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Greetings folks. Been away for a couple of months (funny how failing businesses require so much work). But, I see not much has changed despite the world economic meltdown.
Glad to see we still are going to find all this new oil. (I'm purposefully ignoring the inopportune fact that all of the wonderful "discoveries" listed in the post above amount to less than a years world consumption).
So, have a missed anything?
Welcome back shaman.
If you've missed anything, your shaman abilities will quickly bring you up to speed.
Quite the roller-coaster ride going on these days. Only one change worth mentioning: SNAFU (situation normal all fouled up) has been displaced by FUBAR (fouled up beyond recognition). Otherwise, same mess different day.
And you're bang on: the promise of the next gusher just around the corner is still with us. Same prototype or archetype as the cavalry coming to the rescue. Such wishful thinking is as pandemic as ever.
We mortals have much to learn!
I learned that the government's best way of dealing with colossal debt problems is to take out more colossal debt. Oh, and the stock market likes this idea too, until they realize there is almost no way to foot the bill.
But oil is below $70/barrel, so Peak Oil has been averted, party on! (Yeah, whatever.)
I thought we had moved past FUBAR to BOHICA (Bend Over, Here It Comes Again)