The Pentagong Show

The Pentagong Show
United State of Terror: Is Drone War Fair?

Saturday, February 14, 2009

"Michelle Obama's Hairstyles, a Retrospective".

At the bottom of an article on www.huffingtonpost.com, under the rubric "More in Politics", I saw a link to "Michelle Obama's Hairstyles, a Retrospective". Thank God, some serious discussion about...oh yeah... nothing.

World oil production peaked in 2005, the financial debacle we're in right now is a direct result of that fact, as an endlessly expanding credit bubble cannot be maintained with a constrained energy supply, and with 20% of the usage here,in the US, whose main exports are $'s, weaponry and War, the answer lies here. But without asking the questions, what chance is there that we'll arrive at a satisfactory one?

How can a stimulus package in the economy that burns the most coal, per capita, that's dependent on another economy, China, that burns the most coal period, do anything but accelerate climate change and result in a worse economic, now to be coupled with environmental, meltdown?

Christophe de Margerie, CEO of French petroleum giant Total, says that the ability of the industry to increase future production will be below 90 million barrels a day. "The capacity that the oil industry has to go to 93-95 million barrels per day is already over."

Climate-warming atmospheric CO2 has now reached 392ppm, the highest level in the last 800,000 years. The larger portion of this gas will remain in the atmosphere, warming the earth, for well over a century.

In an attempt to level the playing field, the US military has let a third of the quarter million weapons given to the Afghan government to go AWOL - most likely to the Taliban.

On a list of the 25 people to blame for this mess, not including Mr. Peak Oil is strange. Did not the high prices of 2008 and the leveling off of production not have a great deal to do with the collapse? If petroleum availability has stopped growing, so too must economies.

Fully 33% of the 2009/2010 US corn crop will go to make ethanol.

The stimulus package the U.S. Congress is completing would raise the government’s commitment to solving the financial crisis to $9.7 trillion, enough to pay off more than 90% of the nation’s home mortgages.

March Natural Gas, a cleaner alternative to coal, dropped 6.8% (down 21% y-t-d).

“China plans to invest more than 600 billion yuan ($88 billion) in the nation’s
telecommunications and electronics industries, the 21st Century Business Herald reported…”, while we continue to pour trillions, that we don't have, into the failed financial industry. The US role as world leader in technology and innovation is finished. We have consciously transformed our economy into a Militaristic War Machine and the plaything of the Rich so we could indulge in puerile fantasies of unfettered wealth that are naught but a mirage. This is apparently the best that American Democracy can offer its tragically deluded masses. No wonder we need to foist it onto others at the point of a gun.
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