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-- Ecological Disaster Gulf of Mexico
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| Originally posted by EddieZilker You've kind of got your justifications figured out for keeping a status quo which would benefit you. I take it you think Rand's a good read? |
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| Originally posted by Lews Goldman Sachs are a bunch of cocksuckers and that's all I'm saying on the matter. |
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| Originally posted by leph555 they get filthy rich. if you had the chance to do what they did, you probably would have done it. |
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| Originally posted by Nrg2Nfinit *ninja* no i dont read Rand and haven't Off topic regardless. If you don't understand how the financial system works and the market risks involved, then don't invest. Plain and simple. The whole idea of a free market is for it to be free, open and fair. The only issue with goldman sachs is their non disclosure policy. The fact that they did NOT disclose EXACTLY which type of mortgages they put in paulson's abasca fund. Investors lost money and paulson took a short position. GREAT. whats the difference between short and long? One position you speculate market gain, the other you speculate market loss. IT keeps the market even and liquid and rational. How does it benefit me? It doesn't really. I just try to keep a balanced portfolio with stop losses in place to make some extra money on the side. Pension managers do it. Banks do it. Hedge fund managers do it. So i do it too. I've lost thousands in the markets, ive also made money so me saying this doesn't Really benefit me 100%. If you don't like the idea of a Free market, then you should perhaps pursue a country to live in which has more government control such as Russia or china. Something communist. I enjoy my capitalism whether it fucks me in the ass or not. At least in the end im in control of my own money. |
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| Originally posted by Nrg2Nfinit lews wouldn't. |
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| Originally posted by leph555 oh yea, i forgot that he is Hunting Whales With Harpoons Made Out of Trees |
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| Originally posted by EddieZilker I'm not broke because I invested incorrectly and that's not even close to what I was getting at. I'm not going to argue the finer points of finding a good financial planner to negotiate a diversified portfolio and how such a failure on a personal level contributed to millions of people losing their pension along with their houses, in this county. |
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| Originally posted by Nrg2Nfinit right. Next thing you know your going to blame visa for not being able to pay your credit card. Give me a break. Sure the banks are responsible, but also the "homeowners" who purchased these absurd mortgages. its always easy to blame the big fish, the guy with alot of money. Its the easy thing to do. Anways i dont mind. This market pullback gives cheaper prices for buying opportunities. Continue on with this sensless goldman sachs bashing. Institutional investors are racking in on their short positions. |
Don't know if anyone mentioned this point yet, but my main concern in all this, aside from the awful ecological damage that will take years to balance back out, is that the knee-jerk reaction of "Death to drilling!" is just going to make us more dependant on foreign sources.... and having more necessarily shipped in, which is how the Exxon Valdez situation happened- from a shipping mistake.
I don't think this will lead to more "urgency" for alternative energy in the public discource; we are saturated with this topic daily and have been increasingly so for years.
The truth is yes, energy prices are about to rise from this. Who will be hardest hit? The lower and middle class; adding say, 10% or 15% to the cost of food due to rising shipping costs will be horrible for them. And all of this could have been avoided!! Would we need super oil rigs reaching 5000 feet into the sea bed if barren wastelands ON DRY LAND like Anwar, Alaska could be accessed (with minimal environmental impact in comparison)? To me, this is more of a call for a reasonable, sane energy policy so we don't have to head 20 miles off shore and dig a mile deep. We always have to accept that there is risk and negatives involved if we want to see a lot of positive upside. This disaster is the consequence of a rediculously restrictive energy policy that limits the shit out of our own access to oil reserves on land. Now, unfortunately, photos of birds drenched in oil are about to further enslave us to energy dependence.
I don't think they're actually trying to limit your domestic oil drilling because it's risky. Oil is finite resource, so it's only logical to exhaust the resources abroad before tapping into the own resources.
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| Originally posted by pkcRAISTLIN banks have far greater responsibility in avoiding systemic risk than the thousands of customers they buttfucked. |
I just heard Fox news talk about giving up Oil so that we can move to nuclear power and create electricity along with moving to electric powered cars
This is exactly what i'd like to see happen faster; more money into Research and Development to build
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| Originally posted by The17sss Don't know if anyone mentioned this point yet, but my main concern in all this, aside from the awful ecological damage that will take years to balance back out, is that the knee-jerk reaction of "Death to drilling!" is just going to make us more dependant on foreign sources.... and having more necessarily shipped in, which is how the Exxon Valdez situation happened- from a shipping mistake. I don't think this will lead to more "urgency" for alternative energy in the public discource; we are saturated with this topic daily and have been increasingly so for years. The truth is yes, energy prices are about to rise from this. Who will be hardest hit? The lower and middle class; adding say, 10% or 15% to the cost of food due to rising shipping costs will be horrible for them. And all of this could have been avoided!! Would we need super oil rigs reaching 5000 feet into the sea bed if barren wastelands ON DRY LAND like Anwar, Alaska could be accessed (with minimal environmental impact in comparison)? To me, this is more of a call for a reasonable, sane energy policy so we don't have to head 20 miles off shore and dig a mile deep. We always have to accept that there is risk and negatives involved if we want to see a lot of positive upside. This disaster is the consequence of a rediculously restrictive energy policy that limits the shit out of our own access to oil reserves on land. Now, unfortunately, photos of birds drenched in oil are about to further enslave us to energy dependence. |
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| Originally posted by Nrg2Nfinit hope this brings oil prices up. |
Rainbows and chocolate milk for everyone!
Taylor expects spill to break up naturally
GULFPORT � U.S. Rep. Gene Taylor on Saturday said people shouldn�t be so scared about the massive oil spill in the Gulf; he said after flying over it, �it�s not as bad as I thought.�
Taylor said the oil could break up before reaching Mississippi shores.
Meanwhile, U.S. Sen. Roger Wicker said he is putting his focus on finding a way to contain the crude that continues to spill each day from the uncapped well in the Gulf.
Taylor flew over the site of the sunken Deepwater Horizon rig Saturday along with Department of Marine Resources Director Bill Walker and Rep. Jo Bonner of Alabama.
They viewed the spill from the extended ramp of a Coast Guard twin-engine plane 1,000 feet above the water.
�At the moment, it�s not as bad as I thought it would be,� he said, shortly after returning from the three-hour tour.
Taylor told a group of reporters waiting at Atlantic Aviation he was less concerned about the spill after witnessing its movement firsthand.
�This isn�t Katrina. It�s not Armageddon,� Taylor said. �A lot of people are scared and I don�t think they should be.�
He described the spill as a light, rainbow sheen with patches that look like chocolate milk.
He did not see any traces along the Louisiana shore, near the Chandeleur Islands in Louisiana or the barrier islands in Mississippi.
He said the closest he saw oil was 20 miles from the Louisiana marsh and that it was further than that away from the Chandeleur Islands and even further from the barrier islands.
�It�s breaking up naturally; that�s a good thing. The fact that it�s a long way from the Mississippi Gulf Coast, that�s a great thing, because it gives it time to break up naturally,� he said.
Walker said the sheen could collect on beaches and in estuaries, but it will evaporate within a week.
Walker�s plan is to let any sheen that makes its way into the marshes evaporate naturally.
�That�s what we will probably do, is leave it alone and let nature take its course,� he said.
Any residue on public beaches would be scraped away with a front-end loader, he said.
Wicker talked about the spill Saturday while attending the ribbon-cutting of the Fontainebleau Community Center/Emergency Shelter.
�I think initially our reaction is to try to stop the flow and get the oil cleanup done,� he said. �Questions will come also. But my top priority and the priority of the federal government is to stop the flow of oil and protect our wildlife.�
Wicker said he anticipated congressional hearings about the spill and wondered what the spill meant for the future of offshore drilling and energy use.
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| Originally posted by woscar Reading that other thread, you have proved to be beyond any reasonable discourse so all I'm going to say is that you are a huge imbecile. Analyze the bullshit you've been spewing and maybe you will realize how stupidly wrong you are. |
Fuck yeah, time for Kev to snap again. Gettin' a beer for this one! Bring it!
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| Originally posted by Sushipunk Fuck yeah, time for Kev to snap again. Gettin' a beer for this one. |
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| Originally posted by The17sss Tell me what I said in that box you quoted that makes me such an offbase imbecile. Reducing drilling would make us have to buy more from overseas. A dropoff in production would lead to increasted energy/transportation costs. There's less risk for environmental disaster by drilling on dry land than 20 miles out to sea. We drill so far off land because we are massively restricted ON land. All facts. So, what about those statements is idiotic? Tell me, or just shut your fucking mouth... you offer no alternative ideas or thoughts to any conversation... just a bunch of "you're an idiot! you're stupid! you're a right wing extremist!" Fucking douchebag. |
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| Originally posted by Ridexer They're limiting the drilling of your god damn resources because they don't want to spend them untill the price of foreign oil is trough the roof. |
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| Originally posted by Sushipunk Fuck yeah, time for Kev to snap again. Gettin' a beer for this one! Bring it! |
i dont think one-eyed kev is either an idiot or stupid, which is why he's so fucking frustrating.
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| Originally posted by pkcRAISTLIN i dont think one-eyed kev is either an idiot or stupid, which is why he's so fucking frustrating. |
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| Originally posted by Fledz He's not just frustrating, he's dangerous. He's the exact type of person that ends up in a position of power and fucks everything up because of it. It would be far better if he was a stupid idiot. |
You know we love you but please for the love of everything in existence, never ever go into politics.
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| Originally posted by Fledz You know we love you but please for the love of everything in existence, never ever go into politics. |
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