Tuesday, March 1, 2016
Away from the madness
Thursday my lovely wife and I will be heading out to do some tent camping. Where are we going? Here's a hint, the area has terrible cell phone service . . . and pythons. We want one last excursion into the wild before heading north. It will be nice to get away from the news for a while.
Our political system has been reduced to name calling and bullying. If a five year old came into my house and acted like those politicians I'd have a talk with his parents. If a 14 year old acted that way he'd get the boot. One can disagree without becoming disagreeable.
The economy is of concern. It's impossible for financial bubbles to be forever replaced by even more impressive bubbles. Eventually it all ends in tears, and if we are lucky, bankers leaping from tall buildings. Will the impending troubles bring the whole house of cards down? Darn if I'd know. Logic and reason would seem to indicate that it should have all unwound by now.
Of course, for many the collapse is already here. Just ask a Libyan, or a Syrian . . . or someone from Detroit.
The petroleum age is coming to an end. I used to follow a web site called “Life After the Oil Crash.” It shut down a few years ago, when the price of oil was heading into the stratosphere. He made a good argument that once Peak Oil hit it would be game over. Apparently he wasn't 100% correct.
Don't get me wrong, this boom and bust cycle could be a symptom of Peak Oil. One of the reasons oil prices are so low is that so much of the world's economy is in slowdown. What is definitely unexpected is the rapid adoption of alternative energy. Prices have come way down and production and efficiency is way up.
Some claim that alternative energy investment is another bubble. It could be, but that doesn't bother me. Capitalism has a long history in over investment in the “next big thing.” They will probably over build the alternative energy system. By the time they realize that a lot of people will have lost money. Boo Hoo. That doesn't bother me and do you know why? While some investors will lose their shirts, we'll be left with a really extensive energy system.
We do have the good fortune of living in interesting times. There's no excuse for being bored.