“Iowa in 2008 will be an even slower-motion disaster than Hurricane Katrina in 2005.” — James Howard Kunstler, Whiskey & Gunpowder
by James Howard Kunstler
Baltimore and Saratoga Springs, N.Y. – (TFN): A catastrophe for Iowa farmers will not be just a catastrophe for Midwestern Americans. In the Iowa flooding, we’ll see [...]
“Most of the agricultural markets have had a big move already, but these markets could easily suffer a big correction from current levels. And long-term investor will want to buy these markets on weakness, not sell them.” — Kevin Kerr
by Kevin Kerr
Baltimore – (TFN): Most of us Americans are so [...]
“There’s no argument that water is much more necessary to life than oil. Without water, we die. Without oil, well, we learn to use biofuel… or bicycles.” — Mike Burnick
by Mike Burnick
Baltimore and Florida – (TFN): Commodity prices have been going through the roof for years, thanks to a [...]
The world was supposed to be out of oil by 1952, natural gas was to have run out by 1984, gold by 1981. And what happened to the ozone shield and global cooling? Their lousy track record makes your local weatherman look like a genius. So why listen to scientist and resource forecasters at all?
By [...]
“On the one hand, you have authoritarian rule and government-controlled natural resources. On the other, you have a liberalization of state control and a booming economy. Hmm. That’s a tough decision.” — Stephanie Grimmett
by Stephanie Grimmett
Baltimore – (TFN): Mexico is struggling with a very important question about its future. [...]
"A barrel of oil is trading around $90 and not showing any signs of falling back to $50 or $60 anytime soon. Profits are up. And all should be well and good in oil country. That rationale couldn’t be more wrong." — Andrew Mickey
by Andrew Mickey
Baltimore – (TFN ): The [...]
"From Yellowknife, Regina and Ottawa, they've spread out to the world with pockets full of loonies earned in northern Alberta's heavy-oil tar sands. Six months of intense work and enough money to pay for college and a trek through Asia? That's not a bad financial scenario." — Sam Hopkins [...]
"Despite attempts on the part of governments around the world to increase efficiency and stimulate domestic production, and efforts by consumers now shocked by gasoline costs well over $3 per gallon here in the States, global oil consumption is set to continue increasing in 2008." — Sam [...]
"For seven years a border dispute has stopped the drilling in what the United State Geological Survey calls 'the second-largest unexplored oil reserve in the world.' But over the summer, the United Nations was able to hand down a ruling that averted a war and will benefit all parties. As I write this, seismic explorer [...]