Nearly every day brings news of trillion-dollar government interventions in the world’s economies.
Earlier this week the Associated Press grappled with the issue of whether or not the current economic downturn has reached the point that it can be called a depression.
Events are moving faster all the time. Some are highly visible such as the falling stock markets, the steadily rising unemployment numbers and the drumbeat of global gloom and doom emanating from the media.
Someday peak oil will be about high gas prices and lines at the pumps, but for the time being it is mostly about numbers – lots and lots of numbers.
A few years ago, peak oil was relatively easy to understand. At some point in the future, and estimates varied as to exactly when, oil production was going to start declining due to a combination of geologic and geopolitical factors, prices were going to rise precipitously and a massive civilization-wrenching […]
We are having an election for Governor in Virginia this year and, as could be expected, inboxes and mail slots are already filling with messages from the candidates.
As the economy spirals deeper and deeper into an economic morass, Washington’s attention this week is focused on the $900 billion economic stimulus package that is making its way through the Congress.
Our wish has been granted for we are indeed living in interesting times. The world’s economy is either collapsing or is putting on a very good imitation of doing so.
Before grappling with 2009, it might be useful to remind ourselves that there is a dark side to what lies ahead.
If you don’t understand what is going on with the price of gasoline and demand for the world’s oil supply, then join the club.