WSJournal Says "Start Stockpiling Food!" 700 Club Says "Ditch the Dollar Now!"

[gatorback]

Nobel, didn't he invent modern war technology, ie nitroglercin the component of all IEDs?

[RiversideGator]

Maybe you should mail it ( a copy of the refresher course) to Stiglitz and ask for his Nobel Prize back.  Also Warren Buffett.

Actually you should recheck this thread.  Quite a good discussion on the Depression.  As usual, it turns out you were completely wrong.

hahaha.  Surely you dont think the Nobel Prize committee is an impartial, nonpartisan body.

Isnt this the same bunch who gave Al Gore the Prize for Peace?   
Isnt it?  Why dont you tell us about your personal experiences with it?
btw, congratulations for learning swedish!  Its a very difficult language.

[RiversideGator]

Exactly what peace did Gore help foster?

[Driven1]

Bush Blair Endless Love!!!

http://youtube.com/watch?v=nupdcGwIG-g

[Charleston native]

Yes, and Schumer is a leader of the American people who is only in office to serve the people. I'm sure he is also a great economic analyst...we've already seen his genius in war strategy. Good night.

Opening up the reserves, more domestic drilling, and creating more oil refineries (in addition to more nuclear plants and clean coal plants) will have OPEC s***ing in their pants, because they will lose control over their stranglehold of the supply. They will have no choice but to decrease their prices because speculation of higher supply will force them to, or they will eventually lose business.

[Ocklawaha]

http://www.youtube.com/watch?v=xCim7mmLWRA

My political Statement on saving the world...

Ocklawaha

[Charleston native]

dave, would solar, wind, and hydro do the same thing without destroying the wildlife?

You've got to be able to transition effectively without affecting the economy, and current technologies with those sources of power have yet to be as effective as current resources. Besides, geniuses like Kennedy have prohibited building massive wind farms off the U.S. coast for fear of spoiling the oceans natural beauty and scenery. Solar power currently would have to be used by massive solar farm building...taking up thousands of acres of land while the cells themselves are made from toxic substances. Seems to me that those alternatives can destroy wildlife as well.

Oil drilling techniques contribute negligible impact on wildlife, and in the case of the Alaskan pipeline, oil drilling has enhanced it; caribou and other wildlife thrive around the pipeline.

I'm all for alternative forms of power...if they provide the same power and energy as oil, coal, and nuclear. Also, the transition to those forms should be smooth and should not inhibit the current economies and lifestyles of the people.

[RiversideGator]

Exactly what peace did Gore help foster?

Exactly River!

Call that warmongering asshole out for what he really is!
Who the hell does he think he is, promoting all this 'less pollution is healthier' nonsense?
Especially all that crap about non polluting 'alternative energy sources' and 'breaking our dependence on OPEC' drivel.

Why this kind of bullhockey is practically a declaration of war on its own merits.!

I agree, with you River.   Kill the Blood and Gore monger.! 

What did oxygen ever do for us anyways?

Or trees?

So you cannot offer a straightforward answer then?

[RiversideGator]

Sounds like alaskan oil drilling is 10 years away, though.

The Mojave Desert could provide an enormous national scale amount of solar power without disrupting anything at all.

Except that we dont have the technical ability to do this now.  You are talking pie in the sky stuff here.

[RiversideGator]

But, back to the original topic.  Commodity prices continue their slide as the dollar strengthens for the month.  Is it possible that Stephen has fallen for yet another Chicken Little imagined crisis?  Note that not all agree that commodities will come down.  Anyway, read more here:

Commodities Tumble Most in Five Weeks After Dollar Rebounds

By Ron Day

April 29 (Bloomberg) -- Commodities fell the most in five weeks as a rally by the dollar eroded demand for energy, metals, crops and livestock as alternative investments.

The weighted UBS Bloomberg Constant Maturity Commodity Index fell 1.9 percent to 1,508.21 at 4:11 p.m. New York time, the biggest drop since March 19. Wheat prices tumbled to a five- month low, crude oil slid more than $3 a barrel and silver dropped almost 3 percent.

The dollar was poised for the first monthly advance against the euro this year on speculation the Federal Reserve will signal that it has finished lowering U.S. interest rates after six reductions since September. A week ago, the dollar plunged to a record against the euro, boosting demand for raw materials as a hedge against inflation.

``This may be a major change in perception about the dollar,'' said Dale Durchholz, a market analyst for AgriVisor Services Inc. in Bloomington, Illinois. ``The run-up in commodities prices has been tied to a weakening, and now it appears it may be reaching a bottom.''

The UBS Bloomberg index has dropped 4.2 percent from a record 1,573.84 on Feb. 29. Before today, the gauge climbed 20 percent this year, while the Standard & Poor's 500 Index declined 4.9 percent and the dollar slid 5.5 percent against a weighted basket of the euro, yen, pound and three other major currencies.

Futures on the Chicago Board of Trade show an 82 percent chance the Fed will cut the target rate for overnight lending by a quarter-percentage point to 2 percent tomorrow and odds of 71 percent that the rate will be held at that level in June.

`Take Money Out'

Fed Chairman Ben S. Bernanke is persuading investors that the financial markets are working again, some analysts said.

The S&P 500 Index has rallied since the central bank backed the purchase of Bear Stearns Cos. on March 16. Companies sold $45.3 billion of debt last week, the most ever. High-yield bonds are poised for their best month in five years, and mortgage securities are outperforming Treasuries for the first time in 2008.

``Commodities have been the darlings of the investment space recently,'' said Eric Wittenauer, an energy and metals analyst at Wachovia Securities in St. Louis. ``Some investors may be looking at these developments as a sign to take money out of commodity markets.''

Oil, gold, copper and tin have climbed to records this year as demand outpaced supplies. Rice, corn, soybean and wheat prices have also jumped to records, partly because of adverse weather and soaring consumption in Asia. Suring food costs have sparked protests and riots in countries including Haiti, Indonesia, Mexico and Egypt.

`Fundamental Imbalance'

``The rising dollar won't change the fundamental imbalances driving commodity prices, but it may slow the climb as commodities traded in dollars become more expensive internationally,'' Matt Sena, co-manager of New York-based Castlestone Management LLC's Aliquot Commodity Fund, which oversees $900 billion in assets, said in an e-mail.

Crude-oil futures for June delivery dropped $3.14, or 2.6 percent, to $115.61 a barrel the New York Mercantile Exchange. Yesterday, the price surged to a record $119.93. Natural gas tumbled 3.9 percent, and gasoline declined 3 percent.

Wheat futures for July delivery fell 32.5 cents, or 3.9 percent, to $8.085 a bushel on the Chicago Board of Trade. Earlier, the price touched $8.0175, the lowest for a most-active contract since Nov. 21. Corn and soybeans also dropped.

Silver futures for July delivery declined 48.3 cents, or 2.8 percent, to $16.64 an ounce on the Comex division of the Nymex. Gold, which often moves in the opposite direction of the dollar, fell 2 percent to $876.80.

To contact the reporter on this story: Ron Day in New York at rday1@bloomberg.net.
Last Updated: April 29, 2008 16:12 EDT

http://bloomberg.com/apps/news?pid=20601087&refer=home&sid=aTj0khncwXfI

I also believe that the market will respond to higher prices and supplies will rise to meet the demand thereby causing prices to go down over the next 6-12 months.  We shall see.  It will be interesting, as always.

[Midway ®]

Sounds like alaskan oil drilling is 10 years away, though.

The Mojave Desert could provide an enormous national scale amount of solar power without disrupting anything at all.

Except that we dont have the technical ability to do this now.  You are talking pie in the sky stuff here.

Largest Solar Farm Ever to be Built in California
by Jeremy Elton Jacquot, Los Angeles on 07. 9.07
Science & Technology


We know you're probably getting tired of reading these "world's largest" stories day in and day out, but bear with us: as long as these companies keep building them, we'll keep on reporting on them. Case in point is the latest endeavor by Cleantech America LLC, a San Francisco-based company that claims to be building the world's largest solar power "farm."

The 80-MW San Joaquin Valley Customer Choice Solar Farm, which will be located near Fresno, California, will, at 640 acres, be 17 times the size of the current U.S. title-holder, the 4.6-MW Springerville Generating Station near Tucson, Arizona. It will also be approximately 7 times larger than the world's biggest existing plant and twice the size of the largest planned farm, both in Germany. "We're pretty confident that solar farms on this scale are going to have an industry-changing impact. We think it's the wave of the future. This scale of project, I think, creates a tipping point for renewable energy," said Bill Barnes, the CEO of Cleantech.

Upon completion, Barnes hopes to sell the solar-generated energy (enough to supply 21,000 homes, he claims) to the Kings River Conservation District, a public agency that provides power generation for 12 cities and 2 counties in the surrounding area. In addition, Cleantech announced last week that it also planned on building a 5-MW solar farm on 40 acres near Mendota, whose energy will be delivered to PG&E.

Solar power currently would have to be used by massive solar farm building...taking up thousands of acres of land while the cells themselves are made from toxic substances. Seems to me that those alternatives can destroy wildlife as well.

Yeah, Stephen, stop being such a jerk. There is no technology to do this that is presently in existence. And even if there was it would be using the deadly poison, silicon for the PV cells. What is wrong with you anyways? And be careful, because silicon is the second most abundant element on earth, so it's everywhere, especially at the beach!!!

[Midway ®]

But, back to the original topic.  Commodity prices continue their slide as the dollar strengthens for the month.  Is it possible that Stephen has fallen for yet another Chicken Little imagined crisis?  Note that not all agree that commodities will come down.  Anyway, read more here:

Thanks. Things are considerably less dreadful than they appear.

Who knows, maybe next we will be looking a $3.45 / gallon gasoline!

[gatorback]

I wonder if kamikaze pilots the world over are stocking up on sake or rice? lol

[Ocklawaha]

No gatorback, the REAL KAMIKAZE pilots prefered a small Japanese rice ball and sweet bean paste. It was the regular issue ration for the Imperial Navy and Army flyers. By the way do you know who taught the Japanese to attack Pearl Harbor?

Ummm?

Gee?

Who?

The English, in their similar raid on the Italian Navy, Japan was a quick study.

Guess who was the first Kamikaze of the war?

Ummm?

Gee?

Who?

An American, flying a outdated Wildcat, he was shot to hell at Midway and aimed his crashing aircraft right onto the bridge of a Japanese Carrier. The Japanese were horrified that the bridge (control center of the ship) was knocked out, but not unlike the UK, they had only honor and respect for the BRAVE American who gave his life.

Only 3 countries in World history lay more honor on their lost battles, over their victorys.

Japan
England
The Southern USA

Just some fun depression/WWII era fun facts thought someone might enjoy. Someday we'll all meet at the shrine.in Yashakuni

Ocklawaha

[jaxnative]

The 80-MW San Joaquin Valley Customer Choice Solar Farm, which will be located near Fresno, California, will, at 640 acres, be 17 times the size of the current U.S. title-holder, the 4.6-MW Springerville Generating Station near Tucson, Arizona. It will also be approximately 7 times larger than the world's biggest existing plant and twice the size of the largest planned farm, both in Germany. "We're pretty confident that solar farms on this scale are going to have an industry-changing impact. We think it's the wave of the future. This scale of project, I think, creates a tipping point for renewable energy," said Bill Barnes, the CEO of Cleantech.

Upon completion, Barnes hopes to sell the solar-generated energy (enough to supply 21,000 homes, he claims) to the Kings River Conservation District, a public agency that provides power generation for 12 cities and 2 counties in the surrounding area. In addition, Cleantech announced last week that it also planned on building a 5-MW solar farm on 40 acres near Mendota, whose energy will be delivered to PG&E.

Let's see, a 640 acre footprint to supply, hopefully, 21000 homes.  The JEA northside generating plant will supply around 250,000 homes and I'm not sure how much acreage it covers but I belive it's operating efficiency is a taaadddd bit better than the solar monstrosity.  I would also be interested in the difference in costs and rates.