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Higher Oil Prices Are Starting To Bring Jobs Home

penguin_dance notes a report up at ABC News that high oil and gas prices in the US may be moving jobs back home in a trend that some economists are calling "reverse globalization." It's becoming more and more expensive to ship finished product from other countries, so some companies are moving the manufacturing back to the US. The article hints that this trend may spill over soon to raw materials such as steel. One economist is quoted: "It's not just about labor costs anymore. Distance costs money, and when you have to shift iron ore from Brazil to China and then ship it back to Pittsburgh, Pittsburgh is looking pretty good at 40 bucks an hour."

777 comments

  1. Interersing trend... by Codifex+Maximus · · Score: 2, Interesting

    It would be nice if there was a favorable reaction to high fuel prices such as some manufacturing coming back home.

    We can only hope that the trend continues.

    --
    Codifex Maximus ~ In search of... a shorter sig.
    1. Re:Interersing trend... by The+Tyler · · Score: 2, Insightful

      Hopefully the oil prices will cause people to become more concerned with the environment by wasting less (because of the price) and realize that gas won't last forever and get them interested in alternative fuel sources.

    2. Re:Interersing trend... by mrbluze · · Score: 1

      We can only hope that the trend continues.

      It won't make products cheaper, however. People may buy locally made produce in preference due to price, but over all they will have very little money with which to buy anything.

      So I wouldn't say it's a good sign as such, as much as I'm against globalisation.

      --
      Do it yourself, because no one else will do it yourself. [beta blockade 10-17 Feb]
    3. Re:Interersing trend... by kcelery · · Score: 4, Insightful

      If high fuel cost continues, it will only bring back the sail-boats, not the off-shore jobs.

    4. Re:Interersing trend... by AKAImBatman · · Score: 4, Interesting

      It should be bringing nuclear wessels. With the cost of oil to fire a ship being what it is, the Savannah would have been competitive back in the 70's. The only problem to solve is that high seas piracy still exists and the US government doesn't want the nebulous "bad guys" to steal a nuclear wessel and reuse its atomic fuel for something nasty.

    5. Re:Interersing trend... by Anonymous Coward · · Score: 0

      First-world code-monkeys rejoice as the high cost of transporting their finished products finally brings their jobs back home.

    6. Re:Interersing trend... by cayenne8 · · Score: 4, Insightful
      "Hopefully the oil prices will cause people to become more concerned with the environment by wasting less"

      With the high price of fuel....and everything else going up along with it..I could safely bet that the avg. person in the US does not have the environment topmost on their heads. If they could come up with cheap energy for running cars, etc...I think many people in the US would now be comfortable strip mining the Rocky Mountains and The Applachians down to nothing without a 2nd thought. This has hit the general public in a way they never really ever imagined before, and they are shocked. I'd say they'd be prepared to do about anything if the price keeps increasing at this rate.

      --
      Light travels faster than sound. This is why some people appear bright until you hear them speak.........
    7. Re:Interersing trend... by Anonymous Coward · · Score: 0

      Yep, nuclear power is probably going to see an increase in shipping. The only realistic way to do it safely is to use a convoy with military protection. No pirate is going to attack a convoy when there is a destroyer or a cruiser present.

    8. Re:Interersing trend... by 0100010001010011 · · Score: 4, Interesting

      "The 163 pounds of uranium she consumed is estimated to have provided the equivalent power of nearly 29 million gallons of fuel oil."

      That just put everything in perspective. Holy hell. For the amount of money you saved you could hire a small army to arm your vehicle. US Government could nationalize some ships.

      29 million gallons of fuel.

      Damn. Just Damn.

    9. Re:Interersing trend... by billcopc · · Score: 1

      Business cares not what the people are concerned with, it only cares about what will part them with their money.

      The difference between consumers and business, is the business will not suffer when we run out of fuel. It will repurpose itself to take advantage of the no-fuel situation, and we consumers will continue to be on the losing end of the equation.

      If the oil prices were to drop one day, and Chinese manufacturing becomes profitable again, all these companies will close their American plants in a heartbeat. Long-term sustainability is irrelevant when shareholders are looking at the quarterly report.

      --
      -Billco, Fnarg.com
    10. Re:Interersing trend... by Darkness404 · · Score: 1

      and realize that gas won't last forever and get them interested in alternative fuel sources.

      Sure gas won't last forever... As shown in history nothing lasts forever. However we have untapped oil deposits we could use to boost the economy and lower prices now . Alternative fuel sources that we have right now are a downright joke. Ethanol can't survive without taxpayer money, and our demand outweighs the supply by far more then oil ever would. Hydrogen looks promising but right now the costs are too expensive. As for electric cars, I would rather get a cheap car now and pay $5 per gallon in gas then get an over-priced electric car and wait for it to charge. Basically, oil won't last forever, but nothing does. To say that we are running out of oil is far, far, far from reality .
      --
      Taxation is legalized theft, no more, no less.
    11. Re:Interersing trend... by homer_s · · Score: 2, Insightful

      Business cares not what the people are concerned with, it only cares about what will part them with their money.

      Correct. And people only part with their money when they can obtain things that they value more than the money they part with.
      What's the problem again?

    12. Re:Interersing trend... by kazoo+boy · · Score: 1

      can we afford to give a destroyer or cruiser to every ship that sails the sea? seems like nuclear is a little too risky right now.

    13. Re:Interersing trend... by Mordok-DestroyerOfWo · · Score: 2, Interesting

      I'm not so sure, currently Americans have the option to drill in Alaska. It is absolutely beautiful and pristine up there, but drilling would arguably have much less impact on human settlement than strip mining the Rockies or the Appalachians. Maybe I'm an optimist but I think this shows some consideration for environmental problems.

      --
      "Never let your sense of morals prevent you from doing what is right" - Salvor Hardin
    14. Re:Interersing trend... by Mithras6691 · · Score: 4, Funny

      This has hit the general public in a way they never really ever imagined before, and they are shocked. They've been slashdotted.
    15. Re:Interersing trend... by Original+Replica · · Score: 1, Insightful

      This has hit the general public in a way they never really ever imagined before, and they are shocked.

      They will be even more shocked when they come to realize that all of these price increases are simply a symptom of America's slip from "world superpowe" to " average wealthy western nation". Fuel and consumer products have cost this much in Europe for decades. The EU is doing just fine dealing with $5+ for a gallon of gas, and they aren't strip mining the Alps. But we can expect to have European sized cars and European sized houses at the european $3000 per sq ft not the US $125 per sq ft.

      --
      We are all just people.
    16. Re:Interersing trend... by billcopc · · Score: 0, Redundant

      Wrong. More protection simply attracts bigger pirates, the kind with resources and connection who would actually pay for nuclear equipment. It also makes such ship very obvious targets. You know if there are military escorts, there's gotta be something valuable in there.

      --
      -Billco, Fnarg.com
    17. Re:Interersing trend... by Darkness404 · · Score: 5, Insightful

      But we can expect to have European sized cars and European sized houses at the european $3000 per sq ft not the US $125 per sq ft.

      I highly, highly doubt that. With the mortgage crisis here in the US home prices are falling not increasing. And I doubt that that will stop anytime soon. Another thing is, North America has only been explored within the last 500 years, it lacks the shortage of land which is part of why Europe has such high prices for houses, mix that with the fact that home prices are falling and people with a lot of land are cashing it in to get some cashflow... You get the picture. While this may make large buildings such as new arenas and skyscrapers more pricey, for the average person home prices will only keep falling.
      --
      Taxation is legalized theft, no more, no less.
    18. Re:Interersing trend... by indi0144 · · Score: 2, Insightful

      and the convoy uses what type of fuel? pixie dust?

    19. Re:Interersing trend... by smittyoneeach · · Score: 1

      Don't look for nuclear shipping anytime soon.
      Naval Reactors works by training Navy Nukes to a fair-thee-well: they know that overpriced hot water heater like Linus knows the kernel.
      However, despite ADM Hyman G. Rickover's fantasies, the manpower-intensive, paranoid approach needed for a fault-free system made it a crappy business case other than for aircraft carriers and submarines. Gas turbines were more cost-effective (before the last couple of years).
      Meanwhile, relatively less-risky land-based plants have had no traction at all. There is no way the US government and the Nuclear Regulatory Commision is going to license any US yards to go building a nuclear tanker or cargo vessel; they are not crewed, maintained, or operated in any way that would have anyone sleeping comfortably. Not to badmouth the Merchant Marine, but I'm betting if any of them /., they will roger up on this. I will bet CdrTaco's next paycheck you'll not see nuclear shipping, ever.

      --
      Get thee glass eyes, and, like a scurvy politician, seem to see things thou dost not.--King Lear
    20. Re:Interersing trend... by GuidoW · · Score: 1

      The EU is doing just fine dealing with $5+ for a gallon of gas, and they aren't strip mining the Alps.

      True, but then again, distances to travel are usually much shorter in Europe, since it's much more densely populated.

      --
      If it's so secret, then how come I've never heard of it?
    21. Re:Interersing trend... by sqrt(2) · · Score: 4, Insightful

      I don't care so much about the environment in Alaska. Well, I do, but it's not my primary concern. I'm against drilling there for other reasons. Even the highest estimates say we'll only get about a 10 dollar reduction in the price per barrel of oil. That translates to a few cents per gallon. I think the money and time are better spent trying to figure out how to get us off fossil fuels than just postponing the inevitable decline of oil. And as a bonus, all that territory in Alaska can remain untouched by man.

      --
      If you build it, nerds will come. Soylentnews.org
    22. Re:Interersing trend... by billcopc · · Score: 5, Insightful

      Really ?

      Most days I part with my money because I'm trapped between two evils, and I try to pick the lesser. Telecoms, overpriced food (even staples), services done to the lowest possible standards... Greed is spiraling out of control, because those who spend wisely are impossibly outnumbered by the ravenous fools of our society.

      --
      -Billco, Fnarg.com
    23. Re:Interersing trend... by The+Tyler · · Score: 1

      I do realize that alternate fuels at this point are not viable for widespread use, but that's why we need to do more research on alt. fuel! If solar or nuclear kicks of really well and becomes super cheap and efficient, then that would be a great thing. We could use cheap, virtually unlimited (for solar, anyway) energy for so much more things and build a better future!

      Maybe I'm too optimistic, or just plain delusional, but alternate energy (esp. solar) could be a really great thing given enough research.

    24. Re:Interersing trend... by Anonymous Coward · · Score: 0

      It shouldn't be that surprising. You get about 55 electron volts of energy when you combust an octane molecule, while you get 200 million electron volts per fission reaction. Octane has a molar mass of 114 g, while uranium is around 5644 g per mole of 'burned' U-235 (assuming 4.4% enrichment: 22.7 * 238 g + 235 g). This means that 4.4% enriched uranium has about 75,000 times more energy per unit mass than octane. If you used a breeder reactor (or higher enrichment) you could increase that energy per unit mass number over ten-fold.

      For verification: 163 lbs * (conversion factors to octane) = 2.8 million gallons. Assuming the uranium counted is only U-235 (which has 17 million times as much energy per unit mass as octane), then 163 lbs of U-235 * (conversion factors to octane) = 49 million gallons. I think the cited numbers are wrong here, but you can check my math. Octane isn't perfect as an approximation to fuel oil, but it won't be 2 times off.

    25. Re:Interersing trend... by Anonymous Coward · · Score: 1, Informative

      The only problem to solve is that high seas piracy still exists

      It's never as much fun as it looks in the movies...
    26. Re:Interersing trend... by tomhudson · · Score: 2, Informative

      The price of the average house is falling because it was never worth what the bubble fanatics thought it was.

      That McMansion out in the exburbs is looking to cost a lot more to heat this winter ... and next, ... and the year after. Transportation costs are going up as well. Plus, people don't want to spend an hour each way commuting. Cities are going to make a comeback, and those McMansions, stuck in the wilderness, with a declining tax base, will be the new slums. Look for a reverse donut-hole effect.

    27. Re:Interersing trend... by Zak3056 · · Score: 5, Insightful

      Umm... Most of the cost that Europeans pay for fuel is in the form of taxes, which they have voluntarily inflicted upon themselves, and not some kind of relationship to status as a world power. Oil is traded in a world market, whoever pays more gets the oil.

      Also, the housing prices you linked to are in cost/square METER. Given that there are roughly ten square feet in a square meter, the costs are 2x, not 24x as you suggest.

      --
      What part of "shall not be infringed" is so hard to understand?
    28. Re:Interersing trend... by tverbeek · · Score: 1

      I've long suspected that the treatment of the globe as if it were all "local" couldn't be sustained indefinitely. Shipping goods from one hemisphere to another might make financial sense in the short term, as long as there's a huge economic voltage between them. But eventually that differential would have to equalize, and the work of shipping goods (and the cost associated with that) would become prohibitive.

      As fossil fuels deplete and become less practical, short of a breakthrough that again makes transcontinental transport affordable (both economically and environmentally), I envision human society returning to the kind of physical isolation we experienced before the 19th century... but this time with an internet that connects us electronically.

      --
      http://alternatives.rzero.com/
    29. Re:Interersing trend... by Libertarian001 · · Score: 1

      Wouldn't convoy and escort duty be a legitimate operation for a navy? Anyone's navy, that is.

      A 3" gun and a few .50 Cals might encourage piracy, but I'm pretty sure an Arleigh Burke (and the obvious threat than piracy will be met with the full resources of the US Navy) on patrol would discourage attacks.

    30. Re:Interersing trend... by GuidoW · · Score: 1

      To say that we are running out of oil is far, far, far from reality .

      True, but saying we will run out of affordable oil is not. Guess why the untapped oil resources you were talking about are untapped - extracting oil from there would have been too expensive, and, at least until now, the extracted oil would have had no chances at being competitive in the market.

      Anyway, the main reason oil prices are quite that high these days is the extreme economic growth of countries like India and China. Looking at those, they are both huge and still have lots and lots of room for growth. Peak oil or not, the problem will not go away, it will get much worse. If the US-American industry won't react and adapt, there will be a huge crash sometime in the future.

      --
      If it's so secret, then how come I've never heard of it?
    31. Re:Interersing trend... by Eskarel · · Score: 1
      European sized houses have nothing to do with the fact that oil costs a lot or that they're just an average wealthy nation, they have to do with the availability of viable land and/or adequate transportation networks.

      The US has absolutely no shortage of viable land for development and probably won't see a shortage of viable land on the European scale for another century or so. The UK alone has 1/5 of the US, and it's area is about 244,820 square kilometers compared to 9,629,091 for the united. True, you couldn't live in all of that, but Europe isn't 100% habitable either.

      Housing prices are in that sort of bracket in parts of Australia too, but that's most of this country is desert, and our cities sort of have to expand along the coasts.

      It's possible that rising fuel prices will increase the cost of transportation meaning that people have to live closer to the cities than they do now and that this will drive up the price of housing in certain areas, but you're never going to see the same level of cost as Europe(well on average, places like New York and parts of California are that expensive, but you're not going to see median house prices in the half a million dollar range in the Midwest any time soon.

    32. Re:Interersing trend... by anexkahn · · Score: 1

      isn't that what the article said is happening?

      --
      Curious about Storage and Virtualization? Check out
    33. Re:Interersing trend... by Maxo-Texas · · Score: 4, Insightful

      I say, save the oil in alaska and use it for truly priceless stuff when it runs out everywhere else.

      Given all the yammering-- it's clear if oil was 300 a barrel, alaska would be covered with pipes. so we *will* drill there someday. just a question of when .

      Who cares about the environment, it can recover in 20-40 years.

      Real problem is still TOO MANY PEOPLE.

      --
      She was like chocolate when she drank... semi-sweet at first and then increasingly bitter.
    34. Re:Interersing trend... by GuidoW · · Score: 2, Insightful

      The only realistic way to do it safely is to use a convoy with military protection.

      Not only will that kill all potential savings from going nuclear, the military ships will have to stay behind as soon as the convoy enters high the sea territory of some other country.

      Not bloody likely to ever happen.

      --
      If it's so secret, then how come I've never heard of it?
    35. Re:Interersing trend... by LamboAlpha · · Score: 1

      The US is not the only ones that have a say in it. Germany and Russia have done it.

      http://www.radiationworks.com/ships/nsottohahn.htm
      http://en.wikipedia.org/wiki/NS_50_Years_Since_Victory

      Sidenote: The US has done it before, government owned ship, but a DOT not DOD ship.

      http://en.wikipedia.org/wiki/NS_Savannah

    36. Re:Interersing trend... by mikael · · Score: 5, Informative

      The EU is doing just fine dealing with $5+ for a gallon of gas,

      Are you kidding? So far Europe has had truck drivers go on strike against fuel tax, fuel delivery drivers go on strike for a 14% pay increase, annual electricity/gas bills rising at 40%/year threatening to push a quarter of all households (5 million families) into fuel poverty, councils raising the cost of school meals due to the expense of transportation. Even the police are having to cut back on front line staff due to the additional expense. Food bills have risen by 20% since the start of the year.

      The advertisements on the sides of public transport buses read "Fed up of paying fuel duty to go nowhere, take the bus instead and stop your wallet from going empty". Otherwise many people are choosing to cycle in to work, especially university staff.

      All of this is predicted to send house prices down by at least 10%, and then one minister tells people that should stop being so miserable about the rising cost of living.

      --
      Vintage computer adverts: http://www.vintageadbrowser.com/computers-and-software-ads
    37. Re:Interersing trend... by wellingj · · Score: 4, Insightful

      Greed is spiraling out of control, because those who spend wisely are impossibly outnumbered by the ravenous fools of our society.
      That is still no reason not to demand value for the value you offer. In a system where fools have no safety net, which is paid for now by those who spend wisely, we wouldn't have this problem. The greed you speak of is not capitalism. The greed you speak of is the one where people want value they have no right to, and force value from those who do have it. Whither those who hold value now have come about it 'justly' or not is of little consequence to the morality of taking it from them now. That becomes a chicken and egg argument. And also indicates that if you yourself will trade in value, instead of trying to swindle, cheat and steal, the cycle may be broken. But the theft of value has become institutionalized by the welfare state. To do the most good, where do you think think we should start then? I think the government should stop stealing from us and giving to ravenous fools, plain and simple.
    38. Re:Interersing trend... by Ostsol · · Score: 2, Insightful

      One important question that remains is the cost-comparison, though. Uranium is currently valued at $57 (US) per pound, for a total of $9291, in this instance. The gas-pump value of that diesel is around $116 000 000 (I don't know what cargo transport companies pay for it). In the case of the uranium, though, we're only talking about raw uranium, not fuel uranium. What is the cost of refinement into fuel form?

    39. Re:Interersing trend... by pipingguy · · Score: 5, Funny

      Real problem is still TOO MANY PEOPLE.

      Hmmm, so maybe going nuclear IS the solution...

    40. Re:Interersing trend... by tomhudson · · Score: 4, Insightful
      The fall in prices for the exburbs is not a short-term phenomena. We saw the same thing in some communities in California in 1990-91. They never "came back." This is much wider, and much more permanent. Energy costs aren't a one-time expenditure. Like takex, you pay, and pay, and pay. What are people going to do with $8/gallon for heating oil? Divide those McMansions into apartments. Unfortunately, they're poorly located, and constructed so cheaply that they won't be "desireable." When gas was a buck a gallon, people could rationalize a 2-hour commute "for the lifestyle." Even though the lifestyle essentially meant spending 3 to 4 hours a day in traffic. Now that gas is between $4 and $5 a gallon, and will probably pass $5 this winter, the commute isn't worth it.

      Already there are people complaining that 1/4 of their take-home pay is going to gas. Houses that kind of made sense at $1/gallon, just aren't worth it any more. Better to pay a bit more (you can afford it from the gas savings), live closer to work, and reap the additional benefits of more free time and less wear and tear on your car tp boot.

      Even if there were no foreclosure crisis, $5/gallon gas would be lowering the value of houses that were built too far from any commercial center. This is just a happy coincidence - let the get-rich-quick house flippers, speculators, and everyone who lied on their mortgage application "because they just had to have their overpriced dream" eat shit and die. I have zero sympathy for realtwhores crying about how they're going to lose their own homes because they can't find anyone else to drink the kook-aid (no, that's not a typo - too many of them were were kooks, con artists, fraudsters, hucksters, etc. and they made the mistake of believing their own lies).

    41. Re:Interersing trend... by Anonymous Coward · · Score: 0
      That would be interesting to see. In Australia (at least here in Brisbane), inner city is insanely pricey - it's basically made up of luxury apartments in massively tall apartment complexes. There is a poorer suburb near to the city ("West End"), but it's isolated and surrounded by incredibly expensive land - all the poorer areas are mostly on the outskirts of the town.

      That McMansion out in the exburbs is looking to cost a lot more to heat this winter
      Surely the size of a house is mostly a reflection of lifestyle choice (lots of kids/pets/etc) rather than an economical one? Perhaps it's because I'm used to thinking of inner-city land as ludicrously expensive and therefore tiny (as opposed to ludicrously cheap and therefore also tiny), but wouldn't the people who chose to live in large houses simply stay put? Their land will devalue as the people who bought land for prestige or the people who can't afford the transport costs leave, but wouldn't that just open up more refinancing options? In other words, won't the people who bought for the prestige end up basically swapping houses with the poor inner-city slum dwellers (who have now lost their homes to shark developers but probably made a pretty penny in the process) - only with the demand/supply curves retarded by the people who need to stay put for whatever reason?
    42. Re:Interersing trend... by sethstorm · · Score: 1

      ...think many people in the US would now be comfortable strip mining the Rocky Mountains and The Applachians down to nothing without a 2nd thought Just be sure that the lifestyle environmentalists don't get word until it's too late. That is, find some quick way to mine somewhere like Snowmass well below 13,000'.
      --
      Twitter supports and protects racists - by smearing their critics with the "Hate Speech" label.
    43. Re:Interersing trend... by pclminion · · Score: 5, Informative

      Who cares about the environment, it can recover in 20-40 years.

      Where do you get this crap? Take a look at the island of Crete. This island used to be almost completely covered in forest. Then the Minoans began clear-cutting it for lumber to build ships. This continued for several generations. When the forest was clear cut, there was no longer any mechanism for the top soil to be held in place. It washed into the sea. The isle of Crete is now a wasteland in terms of the ability to grow forest -- solid forest has not grown there in thousands years.

      You are naive, ignorant, short sighted, and have an offensive disregard for the natural world.

    44. Re:Interersing trend... by Anonymous Coward · · Score: 2, Informative

      Except they are dealing with almost US$9/gallon.

      When it was only US$5/gallon all was well.

    45. Re:Interersing trend... by Maxo-Texas · · Score: 1, Interesting

      Yes, if we reduce the environment to rock, that's it.

      However, oil spills it hasn't done as badly with.
      And nuclear it seems to be doing quite well with.

      General pollution, it's fine with.

      What it isn't fine with is continuously adding stuff until it completely overloads and collapses.

      Again-- too many people. Too many people do the same thing as deer and strip their environment until they destroy it and all die off. It doesn't matter what we do. If 6 billion people go to ANYTHING they will destroy it. And we are headed towards 9 to 11 billion last I heard.

      Your view is overly simplistic.

      --
      She was like chocolate when she drank... semi-sweet at first and then increasingly bitter.
    46. Re:Interersing trend... by cayenne8 · · Score: 1
      >I>"I'm not so sure, currently Americans have the option to drill in Alaska. It is absolutely beautiful and pristine up there, but drilling would arguably have much less impact on human settlement than strip mining the Rockies or the Appalachians. Maybe I'm an optimist but I think this shows some consideration for environmental problems."

      I think you're going to see that change. Already a large number of people being polled now...are changing their minds on drilling off the rest of the coasts of the US...the eastern Gulf, and off FL and CA....

      I'll bet that Alaska is going to come up for drilling too. The thing is...the gulf is the best area to start since much of the infrastructure for transport it to shore is already in place...so, new drilling will bring in oil in the next 2+ years or so.

      --
      Light travels faster than sound. This is why some people appear bright until you hear them speak.........
    47. Re:Interersing trend... by cayenne8 · · Score: 3, Interesting
      "Even the highest estimates say we'll only get about a 10 dollar reduction in the price per barrel of oil. That translates to a few cents per gallon."

      Well, I think that as soon as they announce that we will start new drilling out there in previously 'banned' areas...that speculators in oil will begin selling off...and that should drop the prices almost overnight back to more normal levels.

      --
      Light travels faster than sound. This is why some people appear bright until you hear them speak.........
    48. Re:Interersing trend... by mrs+clear+plastic · · Score: 1

      I had a very interesting thing happen to me.

      I made a decision to make my own vegatible and fruit juices and not buy commercial juices anymore.

      I also made a decision to stay away from donuts, bagels, eggs, bacon, sausage, cakes, muffins, and much of the processed stuff.

      Not only do I feel better health wise, this has had a positive impact on my wallet.

      For example, I made two quarts of fresh orange/carrot/beat/celery/ginger juice and it cost only about five dollars in raw materials from the local food coop. Buying equivalent in commercial juice would be close to 10 to 12 dollars.

      Skipping all of the breakfast junk, treats, and deserts has saved me between 6 to 8 dollars per day.

      --
      Cleara
    49. Re:Interersing trend... by pclminion · · Score: 1

      However, oil spills it hasn't done as badly with. And nuclear it seems to be doing quite well with.

      I'm not aware of any species or ecosystems being driven to extinction from oil spills, but that's no reason not to take every possible precaution against them.

      I agree (basically) about nuclear power. Radioactive waste is dangerous precisely because it is so energetic. We should be working on ways to extract more of this potential energy, not burying it. I think we need to be careful though, as our supplies of fissionable material are not infinite any more than oil is. The power is certainly much cleaner than oil.

      In fact, I agree basically with everything you said in this post. I just don't disagree with your sweeping statement that the environment will recover from anything we might do to it in "20-40 years." We're not going to wipe out life, but it's going to look a hell of a lot different, and I happen to LIKE the way it looks now. I don't want to stop oil drilling in Alaska because I'm afraid for the "cute widdle animals" but because that place is a paradise and I want to enjoy it for what it is. What we need (not necessarily what we want) is a major population die-off, and it looks like it might be coming -- unfortunately it will be the poorest and least-at-fault who will suffer from it the hardest.

    50. Re:Interersing trend... by cayenne8 · · Score: 1
      "What are people going to do with $8/gallon for heating oil?"

      That's only up North...mainly the NE I thought.

      Not down in the south....most heating here is either gas or electric. I'd never seen or heard of heating oil till I met a girl that lived up in the far NE and visited up there. On the other hand, that was my first experience in seeing that houses up there didn't all have air conditioners!! Whew...strange things up there...

      :)

      --
      Light travels faster than sound. This is why some people appear bright until you hear them speak.........
    51. Re:Interersing trend... by tomhudson · · Score: 1

      Problem is, a lot of those people who bought those fancy McMansions in the exburbs bought too much house, with the idea that "worse comes to worse, they can always sell at a profit." Higher energy costs work against the basic exonomics of the house in three ways: higher costs to heat and cool it, higher transportation costs, and higher taxes because the municipal services (police, fire, lighting, water, etc) also use energy.

      Even if their mortgages weren't due to reset at a much higher rate, they'd still be screwed. Add to this the idiots who took out a HELOC to buy a gas-guzzler, and they're really screwed.

      An additional problem is that many of these newer homes are built out of pretty crappy materials, that can't withstand much in the way of abuse. Leave the place unoccupied over the winter, and you'll find warped walls, delaminated structural elements, and all sorts of other problems. Todays presswood, laminated beams, and stapled finishes don't age as gracefully as solid wood, nails, and lag bolts from previous generations of construction.

      Already there are places that aren't finding takers at less than half the current mortgage, at $4/gallon. What is it going to be like at world oil prices?

    52. Re:Interersing trend... by pragma_x · · Score: 1

      "Naval Reactors works by training Navy Nukes to a fair-thee-well: they know that overpriced hot water heater like Linus knows the kernel."

      Then it's a win-win. Merchant vessels get nuclear reactors, but they also get a small chunk of the Navy to staff its maintenance, operation and security on board. This results in an honest-to-god peacetime use for the US military; IMO, that's a very good thing.

    53. Re:Interersing trend... by Anonymous Coward · · Score: 1, Interesting

      Real problem is still TOO MANY PEOPLE.
      Your panic booklet is out of date. In much of the world, population is decreasing. Here in the USA we're growing only due to immigration.
    54. Re:Interersing trend... by Maxo-Texas · · Score: 1

      One thing to keep in mind is that the longer oil is at $130+, the longer it will be at $70 or less.

      Very likely we are looking at $60 to $70 oil for about 3-5 years. The best thing the government could do to get us off oil would be to set a minimum price of $100. That brings a lot of energy sources out of the woodwork when they can count on profits. They won't invest in $80 energy when there is a big chance of $60 for 3-5 years in the near future.

      And hey.. if prices are going to stay $130 forever, then a $100 floor won't matter.

      --
      She was like chocolate when she drank... semi-sweet at first and then increasingly bitter.
    55. Re:Interersing trend... by q-the-impaler · · Score: 2, Insightful

      ... It doesn't matter what we do. If 6 billion people go to ANYTHING they will destroy it. And we are headed towards 9 to 11 billion last I heard. You are right. But don't worry, nature will find a way to fix that problem. I don't believe I will live to see it, but the Earth may very well be pristine again after the meek inherit it.
      I hate to make light of the situation, as there are definitely things we can do to better our current situation environmentally. But in the grand scheme, the Earth will be just fine... until the Sun envelops it.
      --
      Sierra Tango Foxtrot Uniform
    56. Re:Interersing trend... by tomhudson · · Score: 1

      Natural gas is also going up - way up. Natural gas is not just used for heating - its the feedstock for LOTS of products, as well as powering electric generators at utilities, so your home AC uses it too.

    57. Re:Interersing trend... by newyank · · Score: 1

      Now imagine if we could drill, refine and use our own Oil supply while the rest of the world struggles with the OPEC cartel... A boost in manufacturing output coupled with fuel prices held in check (by the free market as opposed to the clowns in Congress...)

    58. Re:Interersing trend... by jlarocco · · Score: 0, Flamebait

      Get a clue. The drillable sections of ANWR are artic tundra. This is ANWR. And so is this. And also this. The environmental impact of clear cutting forests on Crete is irrelevant, to say the least.

      People like you reinforce my opinion that people against drilling in ANWR are idiots.

    59. Re:Interersing trend... by Maxo-Texas · · Score: 1

      Well, my statement was a bit of an over generalization.

      You are completely correct that if we eat/burn the ground cover in an area, that's it.
      Likewise, we lost a lot in the dust bowl. It doesn't recover from over-fishing.

      But most "horrible, terrible" *pollution* activities, the earth basically recovers from in 20-40 years as long as we frikkin stop doing it.

      Alaska could probably handle being drilled for oil and not show any real signs 40 years later.

      --
      She was like chocolate when she drank... semi-sweet at first and then increasingly bitter.
    60. Re:Interersing trend... by stfvon007 · · Score: 2, Funny

      so the plan is to announce that we are drilling there, then not do it! We get the best of both worlds then! We could even fake all the drilling stuff, and when environmentalists go and find something there / protect at the drill sites, we tell them everything with the drilling is underground now.

      --
      All misspellings and grammatical errors in the above post are intentional and part of my artistic expression.
    61. Re:Interersing trend... by rahvin112 · · Score: 2, Insightful

      Says the guy that's never paid a gas heating bill. Natural gas prices have gone up a lot, from almost nothing to a little bit. Natural gas is also locally supplied and has absolutely nothing to do with oil prices. Don't say they are the same because they aren't, it's still far far cheaper to heat a house with gas than it is with electricity.

    62. Re:Interersing trend... by mR.bRiGhTsId3 · · Score: 1

      Believe it or not, the US is actually the largest manufacturer of goods in the world. I think it was TIME that actual ran an article about it last week. The only issues is the US produces very little in consumer products which is what everyone sees.

    63. Re:Interersing trend... by Anonymous Coward · · Score: 0

      Energy costs aren't a one-time expenditure.

      Solar, wind, etc.

      And these exburbs with all that open space are set to take major advantage of it.

    64. Re:Interersing trend... by xZoomerZx · · Score: 4, Funny

      Nuclear power is a safe and viable alternative to fossil fuels. PERIOD!
      I wholeheartedly agree!. Because even the biggest fuel/air bombs cant get that many at once. On the other hand, even if the target scatters like roaches, you can still warm enough of them to have a body count in the seven figure range.
      --
      Power tends to corrupt, and absolute power corrupts absolutely.
    65. Re:Interersing trend... by myth_of_sisyphus · · Score: 3, Interesting

      Oil companies have leases all over America to drill for oil. They are currently only using 20 percent of these leases.

      They want to get the Alaskan drilling rights because they are GREEDY and want them for down the road when they've drilled all their current leases.

      When you see the president that drilling in ANWAR will help the US, he is LYING. (That, and his lips are moving--so you can tell he's lying.)

    66. Re:Interersing trend... by guydmann · · Score: 1, Insightful

      Thank You Ayn Rand

    67. Re:Interersing trend... by Brain+Damaged+Bogan · · Score: 3, Funny

      "Real problem is still TOO MANY PEOPLE."
      well then stop being part of the problem and be part of the solution
      commit suicide today!

      --
      -- Sex is the antonym of pringles. Once you pop it's time to stop.
    68. Re:Interersing trend... by Anonymous Coward · · Score: 0

      The SWU (Separative work unit) cost is about $150. Using the Wikipedia example, it would cost about $1.5 million at current prices to produce 1650 kg of fuel at 4.5% enrichment that has a total of 73.9 kg (163 lbs) of U-235.

      Fuel costs really aren't an issue with nuclear reactors as this example shows. It is the operation and capital costs that are important.

    69. Re:Interersing trend... by Solandri · · Score: 1

      The volumetric comparison is even more compelling. 163 pounds of uranium is slightly more than one gallon. And if you reprocessed you could theoretically extract 10x as much energy.

    70. Re:Interersing trend... by amRadioHed · · Score: 1

      What's your point? Are you trying to imply with those pictures that it is a lifeless wasteland and so the drilling will have no environmental impact?

      --
      We hope your rules and wisdom choke you / Now we are one in everlasting peace
    71. Re:Interersing trend... by tftp · · Score: 2, Insightful
      One thing to keep in mind is that the longer oil is at $130+, the longer it will be at $70 or less.

      I don't see any reason why Saudis would want to sell two barrels of oil for the price of one (that they ask - and get - today.) If the demand goes down they'd rather lower the production. This way they get the same cash flow and use less of their non-renewable resources. Given that there are very few sellers of oil on this planet, compared to buyers, the sellers are already free to dictate their terms, and that's what they already do. The only constraint upon them is in reeling the line in slowly, so that the economies of buying countries have time to adjust to new realities.

    72. Re:Interersing trend... by FishWithAHammer · · Score: 0, Flamebait

      The funny thing is that the areas in which they want to drill are barren icy waste. But we can't drill there, we'll hurt some microbes. O NOES!

      --
      "You can either have software quality or you can have pointer arithmetic, but you cannot have both at the same time."
    73. Re:Interersing trend... by Maxo-Texas · · Score: 1

      Closing on 7 billion now.

      10 billion on my likely death year.

      http://www.ibiblio.org/lunarbin/worldpop

      http://www.census.gov/ipc/www/popclockworld.html

      --
      She was like chocolate when she drank... semi-sweet at first and then increasingly bitter.
    74. Re:Interersing trend... by FishWithAHammer · · Score: 4, Informative

      I don't want to stop oil drilling in Alaska because I'm afraid for the "cute widdle animals" but because that place is a paradise and I want to enjoy it for what it is. You do realize that the area they want opened for drilling (an area the size of Dulles International Airport, about 2000 acres, in an area covering over 19.5 million acres) are quite literally empty, right? Nine months of the year they're ice and three months of the year they're mud. Nothing non-microbial makes its habitat there. It's nothing paradisaical and talking about it as if it were does not make it true.
      --
      "You can either have software quality or you can have pointer arithmetic, but you cannot have both at the same time."
    75. Re:Interersing trend... by ArcherB · · Score: 3, Informative

      I'm not so sure, currently Americans have the option to drill in Alaska. It is absolutely beautiful and pristine up there, but drilling would arguably have much less impact on human settlement than strip mining the Rockies or the Appalachians. Maybe I'm an optimist but I think this shows some consideration for environmental problems. I know that we all like to think that the entire ANWR region is full of beautiful mountains and pine trees, and much of it is, however, the parts we want to drill in are on the coast, about five miles from where we are already drilling (with minimal environmental impact) at Prudhoe Bay. It looks more like THIS.

      Also, the 1002 area (the area where we want to explore) is about 2000 acres, or the size of Dulles Airport, out of a total ANWR size of 20 MILLION acres, or about the size of N. Carolina. Less than .01% of ANWR would be touched. Would your governor forbid your from building an airport in your state because of a NON-endangered species that lives on the other side of the state?

      Besides, oil and gas development and wildlife are successfully coexisting in Alaska 's arctic today. For example, the Central Arctic Caribou Herd which migrates through Prudhoe Bay has grown from 3000 animals to its current level of 32,000 animals. The arctic oil fields have very healthy brown bear, fox and bird populations equal to their surrounding areas. So any supposed environmental catastrophe is a myth anyway.

      And, don't get me wrong, I'm all about conservation and renewable research. Unfortunately, renewables won't be viable for another 20 years at best, so WTF are we supposed to do until then? This forced conservation that we are in now is going to ruin the economy and punish everyone for no apparent reason other than unfounded, outdated environmental concerns. Local drilling serves the purpose of making the US energy independent until we can develop alternatives and get the infrastructure set up to replace petroleum.

      I understand that drilling in ANWR is not THE solution. But then again, neither is wind and/or solar. Should we give up on those ideas also because they are not THE solution to all of our energy problems? Of course not. Wind and solar are only part of a total energy solution. Just as conservation and alternatives are part of the solution as well.

      Oh, and as for the topic at hand, rather than blame oil as the sole reasons jobs are returning home, it may be wise to also consider that the falling dollar has made outsourcing that much more expensive.

      --
      There is no "I disagree" mod for a reason. Flamebait, Troll, and Overrated are not substitutes.
    76. Re:Interersing trend... by jlarocco · · Score: 3, Insightful

      Houses are not stocks, they don't fluctuate like that. The prices are falling because of all the foreclosures causing more supply and thus less demand, which in turn causes prices to fall.

      Sorry, but you fail economics. Changes in supply and demand are independent of each other. A change in supply says nothing about demand, and the opposite is also true.

      Also, house prices *do* fluctuate just like stocks.

    77. Re:Interersing trend... by ArcherB · · Score: 1

      Real problem is still TOO MANY PEOPLE.

      Well, if you are not part of the solution, then you are part of the problem. Rather than sitting around bitching about it, why don't you do something about it? Why don't you become part of the solution?
      --
      There is no "I disagree" mod for a reason. Flamebait, Troll, and Overrated are not substitutes.
    78. Re:Interersing trend... by Anonymous Coward · · Score: 1, Funny

      which in turn causes the banks to loose money (yes they loose money on a foreclosure because they get a house and not the money back), which cause them to jack up the rates to cover their loosses Fixed that for you. At least be consistent with your spelling, people.
    79. Re:Interersing trend... by abigor · · Score: 1

      Those, and the 130,000 caribou that live there. But who's counting, right?

    80. Re:Interersing trend... by Anonymous Coward · · Score: 1, Funny

      No, you idiot. Pixie dust is for flying.

    81. Re:Interersing trend... by Maxo-Texas · · Score: 4, Interesting

      Oil was $10 a barrel in 1999.

      That's down from $34 in 1982 (about $80 in 1999 inflation-adjusted dollars).

      http://www.ioga.com/Special/crudeoil_Hist.htm

      Why would the saudi's sell oil for $10 when they could sell it for $34?

      Because they can't.

      Every day this goes on, the longer oil prices will be low.

      Every day, more people start carpooling, move closer to work, replace a 13mpg truck with a 31mpg (or higher) car, start riding public transportation, start working from home 2 days a week, start working 9/80 schedules.

      My morning commute is now consistently 5 minutes faster in the morning and 15 minutes faster in the evening because the number of cars on the road has dropped that much.

      Already, Iran is stacking up tankers because their online storage tanks are full.

      Already our national gas usage is down about 4% in one month.

      The current prices are caused by speculation. The same bubble of excess wealth passing through it that passed through the stock market in 1996-2000, housing in 2002-2005, and commodities now. The true "last barrel" cost of producing oil right now is about $50 a barrel. Everything over that is excess.

      Once demand drops like a stone, then the oil companies STILL have to pay the bills. A lot of them are spending money like water. A very few of them are investing the current profits wisely.

      They will sell oil to whoever will buy it- because just like the average salaryman in the U.S., they are just a couple paychecks from being homeless.

      --
      She was like chocolate when she drank... semi-sweet at first and then increasingly bitter.
    82. Re:Interersing trend... by FishWithAHammer · · Score: 1

      A buddy of mine makes his own sausage and bacon. That alone saves a boatload of money even if he isn't raising the pigs himself.

      --
      "You can either have software quality or you can have pointer arithmetic, but you cannot have both at the same time."
    83. Re:Interersing trend... by Codifex+Maximus · · Score: 4, Insightful

      Myth said:
      "Oil companies have leases all over America to drill for oil. They are currently only using 20 percent of these leases."

      I agree. I remember back in the 80's after the Oil Boom, there was many a domestic sweet crude well capped due to low prices on the oil market. I'll bet some of those wells are due to be uncapped in the near future if they haven't been already.

      There is a possible additional source in the Barnett Shale in Texas. The offshore sites could be increasingly utilized.

      Also, Canada has that oil bearing sand they've been talking about. Extracting that oil is becoming economically feasible.

      I'm not too keen on the ANWR drilling idea. We've already despoiled just about every pristine and beautiful place on earth... something needs to be preserved.

      Bottom Line: There's oil to be had here without sending the wealth overseas.

      It's time for a change though... I'm looking forward to additional advances in Fuel Cell and Solar Technology and other efficient ways to convert energy.

      High oil prices, while tough on the buck, just might be the incentive we need to better explore alternatives. It's a bitter pill.

      --
      Codifex Maximus ~ In search of... a shorter sig.
    84. Re:Interersing trend... by ArcherB · · Score: 1

      This has hit the general public in a way they never really ever imagined before, and they are shocked.

      They will be even more shocked when they come to realize that all of these price increases are simply a symptom of America's slip from "world superpowe" to " average wealthy western nation". Fuel and consumer products have cost this much in Europe for decades. The EU is doing just fine dealing with $5+ for a gallon of gas, and they aren't strip mining the Alps. But we can expect to have European sized cars and European sized houses at the european $3000 per sq ft not the US $125 per sq ft.

      First, the EU pays that much for gas because the government taxes it that much. In other words, the reason the people in the EU live that way is because the government makes them. It is artificial. They are living in misery for no good reason.

      Why should we live that way? Sure, you say that they are "getting along just fine" and then you point out how much better we have it over here. Why would we drop our standards of living to shit just because the EU does it?

      --
      There is no "I disagree" mod for a reason. Flamebait, Troll, and Overrated are not substitutes.
    85. Re:Interersing trend... by Maxo-Texas · · Score: 1

      I hate slashdot for it's lack of editing.

      Already, Iran is stacking up tankers *to fill with oil* because their *land-based* storage tanks are full.
      then the oil *countries* STILL have to pay the bills

      --
      She was like chocolate when she drank... semi-sweet at first and then increasingly bitter.
    86. Re:Interersing trend... by pclminion · · Score: 2, Insightful

      You do realize that the area they want opened for drilling (an area the size of Dulles International Airport, about 2000 acres, in an area covering over 19.5 million acres) are quite literally empty, right? Nine months of the year they're ice and three months of the year they're mud. Nothing non-microbial makes its habitat there. It's nothing paradisaical and talking about it as if it were does not make it true.

      The oil is going to magically transport itself from said area to the coast for shipment? How's it going to do that? Seems to me a giant freaking pipeline will be required. Even leaving aside the possibility of a pipeline spill, that requires massive human activity and movement of heavy equipment, construction of roads, etc. It has already been shown that the weight of heavy vehicles changes the soil in the long term.

    87. Re:Interersing trend... by pclminion · · Score: 1

      And I suppose the oil will be transported from the wells to the rest of civilization... by teleporter? Scotty, please beam up the oil.

    88. Re:Interersing trend... by Maxo-Texas · · Score: 1

      Because nothing you or I do is going to stop it.

      We are going to breed until there is a mass die off to disease or stripping our environment.

      ---

      Look,

      If I looked out to see and saw a 1/4 mile high tsunami coming in about 2 miles away, what would the point be.
      It wouldn't be evil to say, "here it comes" and have a sip from my nice tropical drink and snag a kiss from the girl next to me before we die.

      If I saw a 10 mile asteroid was on the way just outside he orbit of the moon, same thing.

      ---

      We can't stop this. It's too late.

      I'm hoping to die of natural causes before it gets too bad. The current projections are 9-10 billion about my likely death year.

      ---

      I still go to work, I still invest in the market, I'm still happy.

      If I *could* stop it, then I might care more.

      --
      She was like chocolate when she drank... semi-sweet at first and then increasingly bitter.
    89. Re:Interersing trend... by Codifex+Maximus · · Score: 1

      Maxo-Texas said:
      "Alaska could probably handle being drilled for oil and not show any real signs 40 years later."

      Possibly true give or take a few decades. However, it will have the Modified by Man(tm) stamp on it for much much longer.

      Take, for instance, those poisonous pools/lakes that used to be strip mines. Given time, they will likely be pristine once more... given lots and lots of time.

      I dunno, I hear drilling in the ANWR and I think Exxon Valdez and oily ducks.

      YMMV

      --
      Codifex Maximus ~ In search of... a shorter sig.
    90. Re:Interersing trend... by tresriogrande · · Score: 1, Informative

      Well, if your time doesn't worth money, sure. But if the time your spent making those juice could earn you 100 dollars, would you still do it. that's the question most people face.

    91. Re:Interersing trend... by pclminion · · Score: 1

      I think he was trying to counter my point that I "like Alaska the way it is," and seems to assume that I would not place aesthetic value on an area that's essentially flat and frozen. Except that he has no basis at all to judge my aesthetics. I was specifically trying to LEAVE ASIDE the issue of environmental impact and appeal to simple human selfishness. Problem is, he assumed wrong. I think those photographs are beautiful, and I can't imagine marring those scenes.

    92. Re:Interersing trend... by holywarrior21c · · Score: 1


      I believe that you are on the right track at prophecy like that...
      But don't waste your propheting idea on lifestyle, prophet on future profit :)
      what i wanna say is that here is that you should look at how other countries are doing first before you get all insightful +5. In S.Korea it is getting close to $9 a gallon in some places and this winter it will surely pass $10 if oil rises at the speed of rising cost now. In fact, that has made my family to sell one of our cars and just run 1 car. I go to work by using public transportation such as subway, bus. spending an hour is a very happy person. (who is me and so lucky). those who lives in suburb and it will take them about 2 hours to get to work in the city. I've done that once to attend 10 week seminar. and well that subway-bus trip cost me $4 and that is not a problem. Time is money. I rather want that 2 hours for /. or doing something more useful.
      I believe that in the close future, US will change to form mega cities to overcome the cost of oil. For example, Korea is very urbanized, meaning that people live heavily in and around the big cities forming megacities, especially around Seoul and Busan. it is about 22M in Seoul's metro area. which is about half the poeple in the entire Korea. To me i don't even own the car. I won't get one until i get a real job. I am only a student working part time and i am never gonna make up the cost of running a car. I assume it's $6000 a year including everything around maintaining the car and me. If i make $10000 a year, spending $6000 to drive to work doesn't even worth running a car. but it probably worth having one if i make $50K+/yr and especially when i get married and have a family. But the irony is that car is such a good representation of a person in Korea so streets are packed with 2M of cars each day in Seoul. My dad bought oil chugging supersized sedan few years ago despite his shop not doing so well and oil price rising.
      Well in exception to Old people in Korea, i believe that people in Korea with high population density didn't change in their lifestyle of getting to work. But the rise in oil price staggers the economy so that people go out less because they have less money to spend. so in the end people stay home more and go out less around the globe as oil price rises. What will Korean govnt do about oil price is that when it passes $200 a barrel, it will cut down tax on oil, which is over $2 a gallon. by the way we go by the liter .

    93. Re:Interersing trend... by IvyKing · · Score: 1

      About half the electric power generated in the US comes from burning coal, the amount of power from natural gas is similar to the contribution from nuclear.

    94. Re:Interersing trend... by Maxo-Texas · · Score: 1

      There will be pipelines and there will be leaks.

      With the current global warming (which I do *not* attribute to human activity), the permafrost is going to become treacherous.

      Likewise the humans that live there for the projects will pollute.

      My position (in this thread) is that 20-40 years later, it won't matter- the earth will heal from a few simple oil spills and drilling.

      But why drill now-- wait until it is really rare, we have better drilling & recovery techniques.

      Only risk is we will get in a financial hurt and sell it to some foreign country.

      --
      She was like chocolate when she drank... semi-sweet at first and then increasingly bitter.
    95. Re:Interersing trend... by shmlco · · Score: 1

      'Course, one needs to consider ALL of the mitigating factors... like solar. Quite a few houses out this way (CO) are being built with solar electric panels built into the design, and solar add-on's are increasing rather dramatically in number as the panel price per KWH decreases. And that's been happening almost daily. Put plastic or printed cells into the mix and EVERY house could be solar powered.

      Municipal vehicle fleets are switching to LNG and propane, and many are eyeing PHEVs when and as they become available. Then there's the fact that homeowner's themselves are or will be buying Priuses, Civics, Mazda 3s, TDI Jettas, or other highly efficient vehicles. PHEVs are right around the corner, and even public transportation systems like Light Rail are expanding outward (I think the next leg is connecting Denver to Boulder).

      One could also toss in trends like 4-day/10-hour workweeks, or the fact that nearly every modern notebook has the ability to do video chat and every "McMansion" has broadband.

      In short, and despite your obvious distain for McMansions, I suspect that they'll stick around for a while, and I also believe that, barring some major climatic event, that it looks like we're going to tech our way out of this problem too.

      --
      Any sect, cult, or religion will legislate its creed into law if it acquires the political power to do so.
    96. Re:Interersing trend... by mrchaotica · · Score: 1

      This is ANWR. And so is this. And also this.

      Ooooh, pretty!

      --

      "[Regarding the 'cloud,'] ownership was what made America different than Russia." -- Woz

    97. Re:Interersing trend... by jlarocco · · Score: 1

      One thing to keep in mind is that the longer oil is at $130+, the longer it will be at $70 or less.

      That's the stupidest thing I've ever read on Slashdot. How exactly did you get that idea?

      The best thing the government could do to get us off oil would be to set a minimum price of $100.

      Government price fixing doesn't work. If it did, we could just set minimum wage to be $1 million an hour and we'd all live happily ever after as millionaires. Or we could just make everything free and be done with it.

      That brings a lot of energy sources out of the woodwork when they can count on profits.

      I'm sorry, but no amount of fucking around by the government is going to make alternative energy sources spring into existence and become viable. If there was a company that had an energy source that sold for the equivalent of $101 a barrel, they would be making boatloads of money right now, without the government doing anything. Do you really believe there are companies thinking "We could be making tons of money and destroying our competition right now with this new energy source, but lets not do that because it might not be as profitable in the future."?

    98. Re:Interersing trend... by mrchaotica · · Score: 1

      Unfortunately, renewables won't be viable for another 20 years at best

      That's BS. My girlfriend's diesel VW runs on renewable biodiesel (from used restaurant grease) right now, and it's a ten-year-old car! Half of Brazil's cars run on renewable ethanol from sugar cane. Renewable hydro, nuclear, solar, wind, tidal, and geothermal are all viable today, when used appropriately (e.g. see Iceland for geothermal). Sure, neither wind nor solar is reliable enough to replace base load by itself, but if you use them together, in a distributed fashion, then they can even each other out and work just fine.

      It's really not that hard.

      --

      "[Regarding the 'cloud,'] ownership was what made America different than Russia." -- Woz

    99. Re:Interersing trend... by EdwinBoyd · · Score: 4, Informative

      Actually Canada isn't just talking about it, they're furiously producing it. We've quietly become your primary supplier of crude.

      Yet with all this new supply pouring in from the north the price of oil hasn't dropped a bit.

    100. Re:Interersing trend... by FishWithAHammer · · Score: 1

      The caribou do not live in the areas where they want to drill; they're in the remote plains of ANWR, frozen nine months of the year and mud puddles the rest. Nothing nonmicrobial makes their habitat in the areas in which they want to drill.

      Even if that weren't true: two thousand acres out of nineteen million--woo fucking hoo.

      --
      "You can either have software quality or you can have pointer arithmetic, but you cannot have both at the same time."
    101. Re:Interersing trend... by shmlco · · Score: 0, Flamebait

      Then again, according to all of the doom-and-gloom ZPG naysayer's back in the '60s and '70s we were all supposed to be eating each other by now. Fact is, the birth rates in most of the industrialized "first-world" countries are already at or BELOW replacement rates. (US included.) Let China and India continue to move up the prosperity ladder, and in all likelyhood they'll join the club too (though China is already coming at it from another angle).

      Over-population is a boogieman that too many people haul out of the closet when they want a convenient rationalization as to how nothing that THEY do matters in the long run.

      --
      Any sect, cult, or religion will legislate its creed into law if it acquires the political power to do so.
    102. Re:Interersing trend... by pushing-robot · · Score: 5, Funny

      Do you even understand how nuclear bombs work versus how nuclear reactors work? Yes. Until something fails it's a reactor.
      --
      How can I believe you when you tell me what I don't want to hear?
    103. Re:Interersing trend... by wizardforce · · Score: 1

      while you're dismantling the welfare state you might want to do away with patents, copyrights and other things enforced by the government. No? oh right I forgot, the government should only get involved when protecting business interests,Ayn Rand

      --
      Sigs are too short to say anything truly profound so read the above post instead.
    104. Re:Interersing trend... by glitch23 · · Score: 1

      This has hit the general public in a way they never really ever imagined before, and they are shocked. I'd say they'd be prepared to do about anything if the price keeps increasing at this rate.

      Unless you are old enough to have been around during the 1970s when this same thing happened regarding oil prices. For those people they have been through this before. Except now the dollar values are much higher but the shock value is about the same I'm guessing. I'm almost 30 but I read a book a few months back that talked a little about what happened during the 70s oil crisis. Back then oil spiked to $3 a barrel I believe the book said.

      --
      this nation, under God, shall have a new birth of freedom. -- Lincoln, Gettysburg Address
    105. Re:Interersing trend... by FishWithAHammer · · Score: 1

      If you do a little research, you'll find that the already-existing oil pipelines in arctic and subarctic regions have not had a deleterious effect upon the flora and fauna of a biome (except in the case of pipeline spills, and frankly you can't stop every spill. So I consider that a non-issue.

      As for the soil being changed in a tiny, tiny strip of land to get to these drilling sites--well, sorry, but I don't think that that's something to lose sleep over.

      Honestly, I don't consider the animals there to be a reason to lose sleep, either. As much as environmentalists would like to deny it, we are part of the environment, too, and we are at the top of the pyramid. If we can avoid destroying wildlife, great. If it's a choice between keeping our economy running while we switch to alternative energy (extra oil is a stopgap and everyone knows it), I'm entirely okay with running wildlife over. We're part of "survival of the fittest," too. Humans are more important than the red shitfish or the pink spotted heron. (That is immaterial in this situation, of course, because the proposed drilling, and even the necessary infrastructure to get there, is exceedingly minor.)

      --
      "You can either have software quality or you can have pointer arithmetic, but you cannot have both at the same time."
    106. Re:Interersing trend... by glitch23 · · Score: 2, Informative

      Houses are not stocks, they don't fluctuate like that. The prices are falling because of all the foreclosures causing more supply and thus less demand, which in turn causes prices to fall. The problem was simply all the variable rates people were taking and the banks doing too many of these risky loans - the market took a turn and suddenly the banks had to jack up the rates, which causes some foreclosures, which in turn causes the banks to loose money (yes they loose money on a foreclosure because they get a house and not the money back), which cause them to jack up the rates to cover their losses, which cause more foreclosures, etc etc.

      Despite what the media says, the housing crisis is not a national crisis either. It hasn't hit many area of the U.S. however it has hit California, Nevada, Arizona and Florida the worst which just happens to be where home values were sky high to begin with.

      --
      this nation, under God, shall have a new birth of freedom. -- Lincoln, Gettysburg Address
    107. Re:Interersing trend... by berkut7 · · Score: 2, Informative

      Just for comparison: 163 pounds of uranium would have a volume of slightly more than 1 gallon. This is with density 19 g/cm^3 This should put it in perspective: 1 gallon of uranium vs. 29,000,000 gallons of fuel oil. Simply amazing energy density.

    108. Re:Interersing trend... by dbIII · · Score: 1

      Wouldn't convoy and escort duty be a legitimate operation for a navy?

      Only with the correct mix of ships and (I have to say it) naval officers that understand that role. The last time the USA did this was for Iraqi ships during the Iran-Iraq war and it was a disaster. The guided missile frigate USS Samuel B. Roberts was positioned ahead of an escorted oil tanker and hit a reconditioned WWI Russian mine deployed by Iran - blasting a 25 foot hole in it's side to the horror of watching Bahrainian journalists. After this the US warships were deployed in the wake of the tankers which were damaged by several mines. The escort was really more of a political exercise than a military one and resulted in two other tragic errors. One of the US escort ships deployed in the gulf shot down a civilian airliner resulting in hundreds of civilian deaths and 37 sailors on the USS Stark died due to a friendly fire incident.

      Somebody confused by propaganda or intent on spreading it may point out that the ships escorted were not registered as Iraqi the week the mission started - however they were so a week before. It was some sort of diplomatic trick possibly to avoid the commitment to completely take sides.

    109. Re:Interersing trend... by DerekLyons · · Score: 1

      With the cost of oil to fire a ship being what it is, the Savannah would have been competitive back in the 70's.

      Except that Savannah wasn't competitive back in the 70's, and still wouldn't be today. The Navy estimates that the 'break even' price for an all nuclear fleet is when oil hits $178/bbl... But the Navy can afford the massive upfront capital costs of the reactor and massive ongoing operational costs - commercial operators can't.
    110. Re:Interersing trend... by GoodNicksAreTaken · · Score: 1

      They've decided to drill in North Dakota instead. The Williston basin is having a huge oil boom like they haven't seen in 25 years. It is North Dakota. Americans think it is part of Canada. Those that don't, don't care if it turns into a charred hole in the ground. North Dakotans think this might be an improvement over the current state of things.

    111. Re:Interersing trend... by mrchaotica · · Score: 1

      and the convoy uses what type of fuel?

      Duh, more nuclear!

      I mean, seriously, that's a stupid argument to make. It's just like those people who argue against biofuels because they assume the harvesting equipment will run on dino-diesel: no, stupid, if the farm is making biofuels, it's going to run the equipment off exactly the same damn biofuels! Really, it's a fucking no-brainer!

      --

      "[Regarding the 'cloud,'] ownership was what made America different than Russia." -- Woz

    112. Re:Interersing trend... by jlarocco · · Score: 1

      The section of ANWR where drilling would take place is less than 150 miles from the existing Trans-Alaska Pipeline.

    113. Re:Interersing trend... by DerekLyons · · Score: 2, Interesting

      "The 163 pounds of uranium she consumed is estimated to have provided the equivalent power of nearly 29 million gallons of fuel oil."
       
      That just put everything in perspective. For the amount of money you saved

      Let's put it completely in perspective - Savannah's core could provide the equivalent energy of 29 million gallons of fuel oil, but that same core costs you as much as 50 million gallons of fuel oil... plus the increased costs of the crew required to operate it, the increased costs of the 'boiler' (reactor) required to 'burn' it... You aren't really saving any money.
    114. Re:Interersing trend... by Iamthecheese · · Score: 2, Insightful

      Build enough nuclear power plants and you'll be able to extract many times the energy required to simply put the waste into the sun. Not to mention that modern designs simply won't melt down, blow up, or do any of the other stuff people are afraid of.

      A die-off? Are you fucking serious? Lack of food is caused by sociological problems. Environmental damage is being caused mostly by sociological problems, and partly because of moronic environmentalists saying OMFG its Nuclear! and stopping nuclear reactors from being built. Wars are caused by sociological problems.

      Given enough energy, enough clean water can be made to make the deserts bloom. Given enough energy, carbon dioxide can be sequestered in many different ways.

      What the world needs to do is kill a few war lords, put a large force in place to stop more from popping up, and build 500 nuclear power plants. Did you know that coal power kills many more people just from the uranium it puts into the air than nuclear power possibly could?

      --
      If video games influenced behavior the Pac Man generation would be eating pills and running away from their problems.
    115. Re:Interersing trend... by wellingj · · Score: 1

      Would your rather have Business Vigilante groups, or an objective judge and jury for civil cases? If some one has been wronged, or has wronged some one else, I put their objectiveness in the matter into question, that's why I don't have a problem with the government settling civil disputes. Of course that assumes objectivity on behalf of the judicial system...

      I don't toss out a blanket endorsement of "Intellectual Property" as it is called, but for physical property, you bet I do. My money is mine. On the other hand, ideas if shared in the same ideal of trading value for value is just fine by me. That's why I *like* the GPL. It enforces an honest trade of value. No developer or engineer who is always striving for improvement has anything to fear from GPL type of arrangements. The people who fear it are trying to get by with receiving an improportionate value for their work. Or at least that's how I see it.

    116. Re:Interersing trend... by Anonymous Coward · · Score: 0

      I make beat juice too - Want some?

    117. Re:Interersing trend... by Anonymous Coward · · Score: 0

      thanks for the laughs. your inept, pathetic, yet highly comical attempt at describing teh situation can't even be categorized as a vast oversimplification -- it's just that bad. oh, btw, sounds to me like you have a few screws LOOSE. to those who modded this 4-informative, stay away from beer, etc., as you clearly can't afford to LOSE any more brain cells.

    118. Re:Interersing trend... by Anonymous Coward · · Score: 0

      open your fucking eyes. that's why there's a PREVIEW button, so that one can PREVIEW their submission and EDIT it if necessary before SUBMITTING it. *IT'S* clear that you can't hate /. for *ITS* lack of editing just because you're fucking retarded.

    119. Re:Interersing trend... by Anonymous Coward · · Score: 0

      Dumbasses...cheaper by the dozen I guess.

      Slashdot has dozens and dozens.

    120. Re:Interersing trend... by fortunato · · Score: 1

      They will be even more shocked when they come to realize that all of these price increases are simply a symptom of America's slip from "world superpowe" to " average wealthy western nation". Fuel and consumer products have cost this much in Europe for decades. The EU is doing just fine dealing with $5+ for a gallon of gas, and they aren't strip mining the Alps. But we can expect to have European sized cars and European sized houses at the european $3000 per sq ft not the US $125 per sq ft. Did it ever occur to you that perhaps Europeans pay that much for gas because of TAXES? Like 45 to 65% +/- tax. So it's not nearly the same thing. Besides, most European cities are not at all built like American cities. There isn't nearly as much "sprawl", everything is VERY much compacted together and mass transit is on a whole other level.

      Statements like yours only highlight your ignorance and your obvious lack of knowledge of the world beyond your borders.

      Feel free to look up "Fuel Tax" in Wikipedia for a decent summary.

    121. Re:Interersing trend... by sycodon · · Score: 1

      Fucking Minoans.

      Someone file a lawsuit.

      Hold Congressional Hearings!.

      What does Obama think about this?

      --
      When Fascism comes to America, it will call itself Anti-Fascism, and tell you to give up your guns.
    122. Re:Interersing trend... by KGIII · · Score: 1

      Whilst I truly think that's very funny (and I mostly say this 'cause someone's gotta) you might want to be careful about saying things like that in the future. Didn't we just go over this sort of topic recently? If they go out and kill themselves and they investigate and find out that you told them to do so then, wow... You'd start a trend! Anyhow, back to the conversation at hand... There's nothing to see here.

      --
      "So long and thanks for all the fish."
    123. Re:Interersing trend... by adrn01 · · Score: 1

      Much the same thing happened on Easter Island -- tropical paradise reduced to near desolation by overuse of resources.

      http://www.pbs.org/wgbh/nova/worldbalance/easter.html

    124. Re:Interersing trend... by Saffaya · · Score: 1

      and 37 sailors on the USS Stark died due to a friendly fire incident.

      Friendly fire implies your own troops or allies, doesn't it ?
      The USS Stark was hit by a missile shot from an Iraqi plane. The official word was it was not an authorized action, but I would hardly call it friendly fire.
    125. Re:Interersing trend... by Anonymous Coward · · Score: 0

      but they aren't clear cutting the forest, they are cutting a relatively small swathe to transport some friggin' oil for god's sake.

    126. Re:Interersing trend... by Fulcrum+of+Evil · · Score: 1

      after it fails, it's just a mess. Making an implosion bomb is a lot of work.

      --
      "We returned the General to El Salvador, or maybe Guatemala, it's difficult to tell from 10,000 feet"
    127. Re:Interersing trend... by Copid · · Score: 1

      Well, I think that as soon as they announce that we will start new drilling out there in previously 'banned' areas...that speculators in oil will begin selling off...and that should drop the prices almost overnight back to more normal levels.
      I'd like to hear more about your reasoning on this. How much of the current price of oil do you think is speculation, and by what mechanism is speculation actually affecting the actual delivery price?
      --
      An interesting anagram of "BANACH TARSKI" is "BANACH TARSKI BANACH TARSKI"
    128. Re:Interersing trend... by Copid · · Score: 1

      Houses are not stocks, they don't fluctuate like that. The prices are falling because of all the foreclosures causing more supply and thus less demand, which in turn causes prices to fall. The problem was simply all the variable rates people were taking and the banks doing too many of these risky loans - the market took a turn and suddenly the banks had to jack up the rates, which causes some foreclosures, which in turn causes the banks to loose money (yes they loose money on a foreclosure because they get a house and not the money back), which cause them to jack up the rates to cover their losses, which cause more foreclosures, etc etc. Now, there was more to it than that, but that's the gist.
      The "more to it" part is the speculation about future house prices that caused people to make ridiculously silly decisions about the appropriate price for a house rather than evaluating a sensible price based on economic realities and historical norms. What you're describing is the mechanism causing the bubble to deflate.
      --
      An interesting anagram of "BANACH TARSKI" is "BANACH TARSKI BANACH TARSKI"
    129. Re:Interersing trend... by Anonymous Coward · · Score: 0

      Naaa... we the world will speculate up to the last oil drop.
      Then we'll release all the alternative energy solution currently under development. Tech is there, when it'll become cheaper than oil, then we will have all our energy resource changed, in a big speculation sweep from greedy individuals.

    130. Re:Interersing trend... by Copid · · Score: 1

      Despite what the media says, the housing crisis is not a national crisis either.
      I can only half agree with that. Yes, not every housing market is affected by it significantly. Housing markets are local, but credit markets are national.
      --
      An interesting anagram of "BANACH TARSKI" is "BANACH TARSKI BANACH TARSKI"
    131. Re:Interersing trend... by zrobotics · · Score: 1

      Well, we've really already served our purpose here-time for us to move on and make room for the next monkeys. Any extra time we spend here is just mother nature gathering up more plastic. Once the oil runs out, so does the plastic...

      (r.i.p. carlin)

    132. Re:Interersing trend... by amRadioHed · · Score: 1

      I see. It's surprising someone gave such an empty comment +1 Insightful. I wish instead they had commented on what insight they perceived.

      --
      We hope your rules and wisdom choke you / Now we are one in everlasting peace
    133. Re:Interersing trend... by wellingj · · Score: 1

      What each government should do on its own is kill its own war lords, put a large civilian force in place to stop more from popping up, and build 5 nuclear power plants. I can agree with that.
    134. Re:Interersing trend... by pushing-robot · · Score: 3, Insightful

      My previous comment was meant as a joke, but a nuclear reactor is indeed an enormous dirty bomb waiting to go off. Thankfully we've only once had a large-scale release, but there have been several other smaller incidents and some averted catastrophes that can only be described as miraculous.

      While there have been and will continue to be great improvements in reactor safety, there will always be mistakes and failures.
      It is impossible to call nuclear energy "safe...PERIOD!" It just happens to be "safer" than burning billions of tons of fossil fuels every year.

      --
      How can I believe you when you tell me what I don't want to hear?
    135. Re:Interersing trend... by Anonymous Coward · · Score: 0

      Well, it's North Dakota. Everyone below 40 wants to leave, and everyone above 40 is waiting to die.

    136. Re:Interersing trend... by nbritton · · Score: 2, Interesting

      If the price of gas keeps going up the tanker trucks will probably be getting hijacked... If they're not already. At $4 a gallon a tanker truck could easily have 30,000 dollars worth of gas in it.

    137. Re:Interersing trend... by Anonymous Coward · · Score: 0

      Never mind solar power, we're sitting on top of a lot more energy right here on Earth. An incredible amount of power could be generated in places like Iceland and Hawaii - the reason this can't benefit everyone is because it is just too hard to get it from there to here. Maybe we don't need fuel cells or fusion plants, but just better power lines?

    138. Re:Interersing trend... by phoenix321 · · Score: 1

      I say we take off and nuke the, ah you know... :)

    139. Re:Interersing trend... by zrobotics · · Score: 1

      Yes, but in Europe, mass transit is viable due to population density. I live in a larger midwestern city (Minneapolis) and even though we have buses, light rail, bike routes, etc.. mass transit still isn't really a viable option for most people. If I lost my car, I would lose my job and make $4 per hour less closer to my house. Fewer people in Europe need cars, but the US still has a lot of rural areas where the nearest town/job market is 25-30 miles away. That is why the US is being hit so hard. The infrastructure was designed based on the premise of inaffordable transportation, and can't be changed overnight. Thus, the people hit hardest by higher gas prices usually tend to live in areas where a car is a necessity, not a luxury.

    140. Re:Interersing trend... by bobbozzo · · Score: 1

      Those housing prices you mention include the cost of the land, not just the construction labor & materials, and they are

      "Average per square metre (sq. m.) prices in US$/â of 120-sq. m. apartments located in the centre of the most important city of each country"

      The centers of major European cities are probably much more crowded than most major American cities.

      I'm sure that Manhattan and San Francisco are much higher that $125/sq ft.

      --
      Nothing to see here; Move along.
    141. Re:Interersing trend... by bobbozzo · · Score: 2, Insightful

      My morning commute is now consistently 5 minutes faster in the morning and 15 minutes faster in the evening because the number of cars on the road has dropped that much.


      Nothing to do with schools being out for the summer? I always see a huge difference in commute time during school vacations.

      --
      Nothing to see here; Move along.
    142. Re:Interersing trend... by kamikaez · · Score: 1

      Who cares about the environment, it can recover in 20-40 years.

      Correction: The earth might recover in 20-40 thousand years, after all humans are extincted..

      Real problem is still TOO MANY PEOPLE.

      Yes, but unless all humans get higher education and/or higher income, they will keep popping out kids. So maybe we should have a look at how we (over) consume our resources.. This is actually the responsibility of our governments, they are the ones that are supposed to take decisions, even the though ones.. Example of one thing that can be done: 1. add high tax on oil 2. give that tax as subsidy on alternative fuel and alternative fuel driven cars / bikes / boats / plains, and create better / improve public transport. Some governments do 1 but not 2 ( Norway for example), this is wrong, since you have to give an alternative in respect to supply and demand. This is how governments can control Supply and demand, in other words pushing the Invisible Hand away from the fire.
      --
      This is a signature..
    143. Re:Interersing trend... by amper · · Score: 1

      Yes, but where do you keep your nuclear wessels? In Alameda?

    144. Re:Interersing trend... by zrobotics · · Score: 1

      I believe that in the close future, US will change to form mega cities to overcome the cost of oil. For example, Korea is very urbanized, meaning that people live heavily in and around the big cities forming megacities, especially around Seoul and Busan.

      Yes, but you have to realize that the U.S. is a lot bigger and a lot less densely populated than korea. From cia.gov, the total population/total landmass for the two countries-

      USA- 30.92 people per square km

      South Korea- 499.93 people per square km

      Korea is more densely populated that the U.S. because there are more people in a given amount of space. In NYC, for example, land is fairly unavailiable/expensive, so the population density is high. In most of the rest of the country, there's more room to spread out, so cities become these sprawling behemoths and public transportation becomes less and less viable. I agree with you that the US will probably move towards larger, more dense cities, but that will take decades. There's a lot of infrastructure that needs changed, and can't be changed overnight based on changing oil markets. In the interim, cars (but not necessarily fossil-fueled) are, many times, a necessity.

      Well in exception to Old people in Korea

      (BTW, elaborate "in korea, only old people drive cars" joke, or what?

    145. Re:Interersing trend... by Anonymous Coward · · Score: 0

      With the current global warming (which I do *not* attribute to human activity)

      You don't, 99.9% of climatologists do. Question: do you ignore solid science in any other areas or have you just got a 'thing' about climate change? What is it you know that the climatologists don't?

    146. Re:Interersing trend... by hcdejong · · Score: 1

      There are a few more problems to solve. Commercial vessels are run on a lowest-possible cost basis, unlike e.g. Navy vessels. Commercial crew are typically a hodgepodge of third-world laborers plus a few Western officers, plus the ship is registered in the country with the lowest (cheapest) safety standards.
      Nuclear engineers are a lot more expensive than your average grease monkey, so in addition to the hugely expensive reactor, you've got extra cost in running the ship.
      There's no suitable reactor design available, much less one that can be mass-produced. A large initial investment would be required.
      Also, nuclear power requires a mindset that's completely alien to commercial ship operators. The only way I see this working is using a 'merchant marine' construction, with crews that have a naval background, i.e. see these ships as a strategic asset rather than a purely commercial operation. That also helps with the piracy problem.

    147. Re:Interersing trend... by IamTheRealMike · · Score: 2, Interesting

      Canadian tar sands production is too small to be of consequence, as it's bottlenecked by drawing rights on the Alberta river. They're predicting they'll get to 2 megabarrels/day by 2015, which is still only a small portion of the worlds 75+ megabarrel/day demand. That ain't gonna save us.

    148. Re:Interersing trend... by iserlohn · · Score: 1

      House prices across many countries in Europe are falling as well. It is all to due to the cheap interest rates in the past 10 years fueling a global speculative bubble in house prices.

    149. Re:Interersing trend... by iserlohn · · Score: 1

      That's only a part of the story though. Iran's use of tankers as a storage for oil has to do with refinery capacity of the specific crude type that it is overproducing. Although indicative of potential problem with oil markets, it's not hard proof that what we are seeing now is purely a speculative bubble. It very well could be the case, however, as fiancial institutions are moving their money to "safe" leveraged investments and oil futures seems to be a natural choice.

    150. Re:Interersing trend... by ScouseMouse · · Score: 1

      To be fair, the UK is in a worse position than most EU nations. We import *far* too much food, while letting the supermarkets get away with squeezing the farmers so much they have been going out of business. There was always going to be a disproportionate effect when so much of the food cost was going in transport from foreign climes.

      $9 my huge arse.
      Currently my local Petrol station is selling Diesel at 1.29 GBP a Litre, which is 5.87 GBP a Gallon or $11.57.

      Petrol is 1.16 GBP a litre, or 5.27 GBP a Gallon or $10.38.

      Fortunately, although my car is a Diesel, I seem to be getting an average of about 55mpg out of it at the moment.

    151. Re:Interersing trend... by hax0r_this · · Score: 0, Flamebait

      As an Alaskan myself, I can't understand why any Alaskan would want to drill ANWR right now. If you had an investment that had been doing this for the past three years, and you had every reason to believe that it would continue to do so, you would have to be out of your mind to sell now. Environment or not.

    152. Re:Interersing trend... by D.A.+Zollinger · · Score: 2, Informative

      Nothing non-microbial makes its habitat there. It's nothing paradisaical and talking about it as if it were does not make it true.

      The refuge supports a greater variety of plant and animal life than any other protected area in the Arctic Circle. A continuum of six different ecozones spans some 200 miles (300 km) north to south...Each year, thousands of waterfowl and other birds nest and reproduce in areas surrounding Prudhoe Bay and Kuparuk fields and a healthy and increasing caribou herd migrates through these areas to calve and seek respite from annoying pests(1).

      Go Edumacate yourself before you force me to hit you with the cluebat.

      (1) Wikipedia contributors. Arctic National Wildlife Refuge. Wikipedia, The Free Encyclopedia. June 15, 2008, 01:44 UTC. Available at: http://en.wikipedia.org/w/index.php?title=Arctic_National_Wildlife_Refuge&oldid=219402881. Accessed June 25, 2008.

      --
      I haven't lost my mind!
      It is backed up on disk...somewhere...
    153. Re:Interersing trend... by Bazer · · Score: 1

      It can be made safe with enough money in R&D. Just compare the old reactor designs with the recent ones, like breeders. The argument that nuclear energy can't be called safe reminds me of the old electricity argument with AC vs DC. It CAN be made safe, it just needs engineering.

    154. Re:Interersing trend... by smittyoneeach · · Score: 1

      My chief point was that it would not be a merchant vessel.

      --
      Get thee glass eyes, and, like a scurvy politician, seem to see things thou dost not.--King Lear
    155. Re:Interersing trend... by homer_s · · Score: 1

      Most days I part with my money because I'm trapped between two evils, and I try to pick the lesser.

      Unfortunately, in this universe, reality is not optional.

      Exchanging goods freely with one another gets you the best option out of all the ones available to you. It does not magically mean $10 Ferraris and beautiful women throwing themselves at you.

    156. Re:Interersing trend... by kcelery · · Score: 1

      You don't have to eliminate the civilization, just remove Bush and Cheney. I am expecting $150+ when they are still in office to maintain the absurdity of high oil price. It comes in no surprise if Israel is bombing Iranian nuclear facilities and drive up the price even further.

    157. Re:Interersing trend... by dbIII · · Score: 1

      Friendly fire implies your own troops or allies

      Yes.

      The USS Stark was hit by a missile shot from an Iraqi plane

      Yes, an Iraqi mirage jet. It was during the Iran-Iraq war. It especially felt like a betrayal because the ship was there to protect Iraqi shipping. For those who are not old enough to remember the tragic mistake there is even a wikipedia entry.

    158. Re:Interersing trend... by Anonymous Coward · · Score: 0

      Also, the housing prices you linked to are in cost/square METER.

      He obviously works for NASA!

    159. Re:Interersing trend... by icebrain · · Score: 1

      I think that poster was facetiously referring to using bombs to reduce the population, rather than trying to say that nuclear plants will kill us all.

      Ie, "Launch ze missiles!" "But I am le tired..." "then take a nap... and then launch ze missiles!"

      --
      The meek may inherit the earth, but the strong shall take the stars.
    160. Re:Interersing trend... by digitalgiblet · · Score: 4, Insightful

      It can be made safe with enough money in R&D. Just compare the old reactor designs with the recent ones, like breeders. The argument that nuclear energy can't be called safe reminds me of the old electricity argument with AC vs DC. It CAN be made safe, it just needs engineering.

      I believe the point is that it can be made safer, but never totally safe. Your own point about AC vs DC supports this idea. Yes, electricity is used every day by about a bajillion people (it's a technical term)). The VAST majority of them use it safely, but every day somebody, somewhere does something stupid and gets themselves fried. Electricity is far, far safer than it was, but it is still dangerous in the hands of imperfect humans. Humans make mistakes. Some people think this doesn't apply to them, but they are mistaken.

      The difference between a dude who stands in his hot tub to work on the filter pump and the guy who spills soda on the reactor control panel, is that hot tub boy only kills himself and at most a few of his friends.

      For the record, I am in favor of nuclear energy (Go Isotopes!), but let's not kid ourselves about it being TOTALLY safe.

      Oddly enough, it's when we think something is totally safe that we are most likely to screw up.

    161. Re:Interersing trend... by crontabminusell · · Score: 1

      I'd like to hear more about your reasoning on this. How much of the current price of oil do you think is speculation, and by what mechanism is speculation actually affecting the actual delivery price? Oil purchases are all done on the futures market. The futures market is all speculation. Ergo, the current price of oil is speculation of the future demand for oil.
    162. Re:Interersing trend... by maxume · · Score: 1

      It's also probably safer than crossing a street.

      --
      Nerd rage is the funniest rage.
    163. Re:Interersing trend... by maxume · · Score: 1

      That's an argument for effective regulation and things like environmental bonds (estimate the cost of a cleanup; require insurance; the insurance company will enforce good environmental practices).

      Given the global need for resources (it isn't just simple demand at this point), there needs to be some movement away from the attitude of exporting environmental damage to other places (in part because there are resources that are much more readily available within the U.S.). "It will harm the environment" isn't going to have any teeth in 30 or 40 years, we might as well move to "Let's harm the environment as little as possible".

      --
      Nerd rage is the funniest rage.
    164. Re:Interersing trend... by Anonymous Coward · · Score: 0

      For another example of human influence, see the Sahara desert.

    165. Re:Interersing trend... by Anonymous Coward · · Score: 0

      "Houses are not stocks, they don't fluctuate like that."

      Oh really? Maybe you should take a look at recent history, such as last year, this year and when the time comes, the next couple of years. Also, research housing prices during the Savings and Loan scandel of the '80s.

      Houses do fluctuate just like stocks, and a lot of people buy them, market them, and view them as an investment.

    166. Re:Interersing trend... by ImOnlySleeping · · Score: 1

      The problem wasn't raising rates causing more foreclosures. The problem is that the lenders weren't holding the debts, they were selling them as investments to other parties (retirement funds and what not). They were incredibly profitable for 10 years, but now, not so much. -No one buys the investments -No one can lend money -No one can refinance (unless they actually can do things like prove their income) -No one can keep their home. That's why 10% (think about how huge that number is) of homes in America are in foreclosure. I also saw yesterday that 10% of home in California have had their electricity cut off. I'd recommend not listening to any of the idiots on TV talking about how it's a good time to buy with prices being low. They won't be jumping up any time soon.

      --
      Everybody seems to think I'm lazy I don't mind, I think they're crazy
    167. Re:Interersing trend... by Anonymous Coward · · Score: 0

      The price of the average house is falling because it was never worth what the bubble fanatics thought it was.

      That McMansion out in the exburbs is looking to cost a lot more to heat this winter ... and next, ... and the year after. Transportation costs are going up as well. Plus, people don't want to spend an hour each way commuting. Cities are going to make a comeback, and those McMansions, stuck in the wilderness, with a declining tax base, will be the new slums. Look for a reverse donut-hole effect.

      Yeah I read that same article myself. I think it was on MSNBC. It was an opinion and I don't see it happening myself. The housing market goes up and down all the time. Having a house and some land as your own is THE American dream to most people. These people (myself included) would never give it up unless forced.

    168. Re:Interersing trend... by imstanny · · Score: 1

      It would be nice if there was a favorable reaction to high fuel prices such as some manufacturing coming back home. We can only hope that the trend continues. Manufacturing has been declining since the 1950's. Yet, manufacturing production has been increasing in the United States throughout the time. The main displacement of manufacturing jobs has been, and will continue to be, technology. What you're hoping for really makes little sense. It reminds of the following example:

      100 Guys are working on a dam by digging up land with shovels. A man comes up to the manager and says, "How about you buy several tractors instead, and then you can have faster progress and only hire 10 people instead of 100?" The manager responds, "No, no.. if that was to happen, we'd have a lot of people unemployed. I can't do that." The man replies, "If unemployment is your concern, then you should hire 900 more men and give them spoons."

    169. Re:Interersing trend... by ArcherB · · Score: 2, Insightful

      Unfortunately, renewables won't be viable for another 20 years at best

      That's BS. My girlfriend's diesel VW runs on renewable biodiesel (from used restaurant grease) right now, and it's a ten-year-old car! Half of Brazil's cars run on renewable ethanol from sugar cane. Renewable hydro, nuclear, solar, wind, tidal, and geothermal are all viable today, when used appropriately (e.g. see Iceland for geothermal). Sure, neither wind nor solar is reliable enough to replace base load by itself, but if you use them together, in a distributed fashion, then they can even each other out and work just fine.

      It's really not that hard.

      That's awesome that your GF has a car that runs on vegetable oil. Is there enough restaurant vegetable oil to run all of America's cars? No. Is there enough to run a decent size percentage of America's cars? No. So this is not a viable option.

      It's great that Brazil can run half of their cars on ethanol. If we were to turn all of the US into sugar cane fields, would it be enough ethanol to power America's cars? Unfortunately, NO. So this is not a viable option either.

      Hydro, nuclear, solar, wind tidal and geothermal are all available today, but can THEY power our cars? No. Sure, some cars are electric, but we are decades away from the technology that will allow us rely on them for our transportation needs. So while these are great for powering our homes and businesses, but we don't use oil for that anyway. Electricity will not be a viable option for powering our cars until the technology and infrastructure allows for vehicles to be completely charged in less than 5 minutes. Again, decades away.

      Now all these are great options and will, someday, be viable to power our cars and get us to work, and our planes to travel, our trucks to move products to the market and our ships to get products imported and exported. But right now, and for the foreseeable future, our cars run on refined crude oil. We need crude oil NOW to power our economies that will pay for the research to get these ideas to the drawing board and then to our garages.

      So, yeah, it is that hard.

      --
      There is no "I disagree" mod for a reason. Flamebait, Troll, and Overrated are not substitutes.
    170. Re:Interersing trend... by Theoboley · · Score: 0

      I agree with this. My Ma is still looking for a job after Blue Cross Blue Shield pulled the rug out from underneath her (and the rest of the employees working there for that matter) and shipped the work to Mexico, china and India. Granted Iron Ore weighs a whole lot more than the paper claims they processed, but it would be nice to get not only some manufacturing jobs back, but some desk jockey jobs as well.

      --
      Stupidity only gets you so far, then you've gotta try
    171. Re:Interersing trend... by Anonymous Coward · · Score: 0

      the amount of power from natural gas is similar to the contribution from nuclear.

      Around these parts, natural gas is used to supply peak power because the gas turbines can be started and stopped far more easily than bringing another coal plant online and getting water to boil, and far more cheaply than leaving coal plants running when their power is unneeded. I don't think anyone uses gas turbines for regular power supply, nor does anyone want to.

    172. Re:Interersing trend... by Hognoxious · · Score: 1

      so the plan is to announce that we are drilling there, then not do it!
      And it would have worked too, if someone had kept his big fat mouth shut. Ah well, back to the drawing board.
      --
      Confucius say, "Find worm in apple - bad. Find half a worm - worse."
    173. Re:Interersing trend... by Anonymous Coward · · Score: 0

      So far Europe... You may not have noticed that all of your links are about the effect of high fuel prices in the UK, not Europe-wide.
    174. Re:Interersing trend... by zehaeva · · Score: 2, Interesting

      Your forgetting that demand for oil will soon be driven not by the US economy but by the Indian and the Chinese economies. We may account for 25% of the worlds oil consumption but China accounts for almost 10%, and they are raising that very rapidly. They have openly said they want to provide the same standard of living that we enjoy here. China however has a little over 4 times as many people as we have and they are using less oil right now. what happens when they get up to using 50% of the amount of oil that we use per capita? That should mean they are using just about 40% of the worlds oil production then. We can not reduce our usage of oil enough to offset that. Even if we stop using oil that still means a the world would be consuming 5% more oil then than now. And that is not even considering the billion people in India raising their standard of living to ours at this moment.

      There are simply too many people in this world that have been sold on the American dream. Everyone wants a slice of the pie but no one realizes that there isn't enough pie to go around.

      I'm afraid that no matter what we do here demand will not be reduced to see the price of oil drop because there are more people than just us demanding it.

    175. Re:Interersing trend... by anup_at_mac · · Score: 0
      Jesus f**king Christ ... it's " lose money " and not

      loose money . I'm sure this is mentioned at least once in every damn story posted on Slashdot.
    176. Re:Interersing trend... by thePowerOfGrayskull · · Score: 1

      Hopefully the oil prices will cause people to become more concerned with the environment by wasting less (because of the price) and realize that gas won't last forever and get them interested in alternative fuel sources.

      This is the prevailing attitude, and it's most frustrating. I suspect most of us here aren't hit very hard by the change in gas prices, so it's very easy to sit back and say "Great, this will give incentive to come up with better options."

      The problem with that is that these options won't be showing up overnight - they'll take years to come to market. When they finally show up, they'll be sufficiently more expensive than the oil-powered method that it's out of range of the people who need it most. Naturally the price will drop, but that also won't happen overnight.

      Which leads me to my point: the people who make less than 40k a year, which is still the majority of employment in this country. These people are directly impacted by the oil prices in a way that it seems most people who espouse the "this will lead to better alternatives" line don't seem to understand.

      People have gone from paying $60/mo in gas in 2000 to $60-120 a week. That means that every household now has $300-400 less in income per month. When you take home 2500 or less a month, this is huge.

      It's very easy to say "Oh, this is just some short term pain, but it wll be good for us in the long term." But that doesn't feed the kids.

    177. Re:Interersing trend... by xj · · Score: 1

      The fact that many new houses regardless of size are poorly built using crappy materials like OSB is a problem all its own. I think people misunderstand why some people have a long commute. Sure you can say that they lived far away so they could get a bigger house for the same money as they would have spent closer to town. This ignores the people who do not make a lot of money who live far away because that is the only way that they could afford to own a home. It is not a difference of small vs palace in the woods it is a difference of unfordable vs affordable. Say their car gets 20 mpg, gas is $4 lets compare living 15 mi from work vs living 60 mi from work. living close costs them $120 in gas every 4 weeks Living far costs $480 in gas Difference $360 When gas was $2 this was $180 So which is cheaper? It depends on housing prices Can they get the same house 15 mi from work for $360 more per month? Can they get a loan for that much more? $180 per month at %6 30 yr fixed translates to a $30k difference in purchase price, $360 to a 60k difference. Over 30 yrs you'll pay close to $70k in interest on 60k principal. $70k will buy more than a few tanks of gas. Gas goes up gas goes down interest rates rates change, property values change. You take a risk no matter what you do, you can go from sitting pretty to foo bar pretty quickly.

    178. Re:Interersing trend... by tilandal · · Score: 1

      And who exactly would you sell this gas to? You can't exactly fence gasoline in a flea market or on ebay. Small potatoes gas theft is on the rise but large scale tanker theft would require a large organized crime network with buyers already set up. Its not exactly easy to hide a tanker truck. Theres no reason for organized crime to steal a tanker full of hard to offload gas when they can steal a box of ipods worth just as much that fits on the trunk of a car and can be easily transported and sold to anyone worldwide.

    179. Re:Interersing trend... by DarthVain · · Score: 1

      I always wondered about this myself. As soon as the oil crisis started and people started going nuts with the hybrid this, and hydrogen that cars. Which is fine for your Joe 6-pack compact car, but international trade is done with huge ships with like 60,000 horsepower desiel engines.

      All the tree hugging Hydrogen, biodeisel, solar, geothermal, wind (well maybe lots of sail boats like the old days..lol), etc.. isn't going to make a lick of difference. The cost to transport stuff will increase so dramatically as to stop it altogether. Domestic production will become more important. Those countries geared towards extreme exports or imports will be hurt the most.

      The alternative of course as you mentioned is nukes. However, even that supply will not last long once everyone starts using it that way and more plants are built, the cost of Uranium prices will then skyrocket. You also mention the potential security risks with civilian nuke ships. Though if I had to predict, might make the super ships of today seem small. The super nuke trade ships of the future may dwarf those of old, and as was said contain some armourment and security force. Anyway should be interesting.

      One thing that the USA and Canada has going for it into this future, is that both are the others largest trading partner by far, energy or otherwise. This will certainly reduce impact.

      Or maybe we will just go back to sailing ships... YARR!

    180. Re:Interersing trend... by OwnedByTwoCats · · Score: 1

      Speculators can only keep the price of oil up if they can buy oil that is pumped out of the ground and actually store it somewhere. If speculators had bid the price of oil for July delivery up over market values, they have to either take delivery of the oil in July and store it, or sell the contract. If they sell the contract for market value (i.e. less than they paid) they lose money, and would stop speculating.

      Iran does has some oil stored in tankers floating in the Persian Gulf while a refinery that can take the oil is repaired.

      The world has to face it. Demand for oil is outstripping supply. Price is adjusting to a level that reduces demand to match supply. And supply is only going to go down over time. Peak oil is here. We have to all deal with it.

    181. Re:Interersing trend... by kabocox · · Score: 1

      If they could come up with cheap energy for running cars, etc...I think many people in the US would now be comfortable strip mining the Rocky Mountains and The Applachians down to nothing without a 2nd thought. This has hit the general public in a way they never really ever imagined before, and they are shocked. I'd say they'd be prepared to do about anything if the price keeps increasing at this rate.

      I'd agree with this. I've long wanted nuclear powered cars. Today, its more likely we'd say screw electric, hybrid, or hydrogen powered cars, we'd be going dirty coal powered cars.

    182. Re:Interersing trend... by Muad'Dave · · Score: 1

      Out of curiosity, how many miles per year does the average European drive? I can't seem to find readily-available stats online. The US average is 12,000 miles (19,312 km) per year. I'm closer to 9,000 miles (14,484 km) per year. My Mini can get 35+ miles/gallon, but the way I drive the poor thing I'm lucky to get 27. I use about 333 gallons/year, so that's $1333/year in fuel costs @ $4/gal.

      --
      Tiller's Rule: Never use a word in written form that you've only heard and never read. You will end up looking foolish.
    183. Re:Interersing trend... by stdarg · · Score: 1

      Cities in the US have a lot to overcome though. Many of them are poorly designed to the point where you need a car just to get around. Nice areas of any city are ridiculously expensive, and if you're right about people moving back in droves, they will only get more expensive. Also, there are several things that could happen to save the suburbs.

      Cars could get more efficient. A 100 mile range electric car would be suitable for most commutes, much less than that if parking lots started offering electrical outlets. (For road trips, rent a gas car.)

      Public transportation could be vastly improved. In Germany, my grandparents live in a small farming community 5 or 10 minutes outside of a small city (population 50k according to Wikipedia). And yet, the bus comes regularly and takes people to town, and from there the train can take you anywhere in Germany.

      Houses could be built better. They don't need to be so big, they can use more durable materials, they can be more energy efficient.

    184. Re:Interersing trend... by Azarael · · Score: 1

      I read an article (that may be wrong) that stated that oil traders only needed to pay for 10% of the contract that they bid on. If that's the case then it makes biding high prices a fairly low risk, especially when the prices keep going up. There's also been talk in the news about making more strict trading guidelines, but obviously the people making the money on this are doing their best to raise red flags..

    185. Re:Interersing trend... by Anonymous Coward · · Score: 0

      You are absolutely correct about the uncapping of old wells. I read an article about a month ago that some of these old, capped wells are now located in the middle of the new subdivisions. The mineral rights holders are now coming in and reactivating the wells and erecting pumps in the middle of parks and in peoples backyards. The home owners and residents are really p*ssed and trying to fight it, but it's the oil patch in TX, OK and LA and the laws are in the favor of the right holders.

      One thing to keep in mind though is that these are old, small wells that only produce 1-5 barrels a day so even 10,000 of them isn't even a drop in the bucket.

      That is also why a lot of the leases never get drilled. They may very well, hit oil but the production rates make recovery of costs almost impossible.

    186. Re:Interersing trend... by kabocox · · Score: 1

      I'm not too keen on the ANWR drilling idea. We've already despoiled just about every pristine and beautiful place on earth... something needs to be preserved.

      Why? We've got the oceans, ice caps, some jungles and some deserts that we can really call untouched. Why must we preserve that place? Oh yes, I forgot it's a point of view. It's sort of like saying there should only be one city on the planet and everyone needs to move into it because it'd be cheaper and then spending 100 years before building it choosing the prettiest place on Earth to put it. And then 100 years latter deciding that we can't put it in the prettiest place on Earth so we'll stick it on the ugliest place on Earth or the Moon so we can let Earth be all natural.

    187. Re:Interersing trend... by Hektor_Troy · · Score: 1

      3,000 US$ per square foot? Well, statistics can do a lot of things, but are you sure those numbers are even close to realistic?

      Think about it.

      A king size bed is 76x80 inches or 6.3 * 6.6 feet or close to 40 square foot. That's 120,000 dollars for a house that would only just hold a bed that size.

      It might be true if you were planning to buy something smack in the middle of Monaco, but really? If you honestly believe that houses in Europe cost 3,000 dollars/square foot, then I'll be glad to put you in touch with my parrents. They have a nice house about a quarter mile from the ocean side beach, a mile from the lake side beach. 1,400 square feet house, 8,000 square feet lot. I'll be willing to settle for a 10% commission on 375 USD/square foot and we'll throw in the lot for free.

      Think about it - it's a massive bargain. 87.5% off.

      --
      We do not live in the 21st century. We live in the 20 second century.
    188. Re:Interersing trend... by mrchaotica · · Score: 1

      Is there enough restaurant vegetable oil to run all of America's cars? No. Is there enough to run a decent size percentage of America's cars? No. So this is not a viable option.

      Your conclusion does not follow. If you still think that, then you completely missed my point (which was that if we combine renewables, they become viable). Sure, waste veggie oil can't power the entire American vehicle fleet, but that doesn't make it non-viable. You combine it with ethanol and higher efficiency in general (i.e. smaller, lighter cars) and then it can.

      If we were to turn all of the US into sugar cane fields, would it be enough ethanol to power America's cars? Unfortunately, NO.

      First of all, trying to literally grow sugar cane would be stupid; your statement is only correct in the sense that the yields would suck because we don't have the right climate for it. Second, if you're speaking in the larger sense of growing any crop for ethanol, then I don't believe you. The yield from sane crop (like switchgrass) could be enough to power all of America's cars (especially when combined with the aforementioned biodiesel).

      Electricity will not be a viable option for powering our cars until the technology and infrastructure allows for vehicles to be completely charged in less than 5 minutes. Again, decades away.

      What we really need is a technology for synthesizing hydrocarbons like gasoline from CO2 + H20 + electricity. Then we could use the existing (except for the particular thing I'm talking about, of course) technology and infrastructure just fine.

      --

      "[Regarding the 'cloud,'] ownership was what made America different than Russia." -- Woz

    189. Re:Interersing trend... by sammy+baby · · Score: 1

      Well, I think that as soon as they announce that we will start new drilling out there in previously 'banned' areas...that speculators in oil will begin selling off...and that should drop the prices almost overnight back to more normal levels. (IANAEconomist, although I did ace microeconomics and stay at a Holiday Inn Express.) I strongly doubt it. There's just not much evidence to show that oil speculation has a big effect on oil prices, one of the few things that the WSJ and Paul Krugman can agree upon.

    190. Re:Interersing trend... by mythandros · · Score: 1

      The island of Crete covers 8,300 km^2. Alaska covers 1,500,000 km^2. Something tells me that you can't compare the two in the way that you want to. If you want to save the world from people who just want to strip mine it and leave the environmental impact as the next generation's problem, you're going to want to use fewer words like "naive", "ignorant", "short sighted", and "offensive". By tossing around ad hominem attacks, you're not advancing your position. In fact, you're doing quite a bit of harm to it. It's hard enough to correct people without raising their hackles. To outright insult them? You're not going to win friends and influence people that way. As soon as you start tossing around personal insults, you cease to be an environmental activist and instantly become "just another angry douchebag tree hugging hippie." Is that how you want to be known? Do you want to be utterly disregarded by everyone because of your temper?

    191. Re:Interersing trend... by vertinox · · Score: 1

      You are naive, ignorant, short sighted, and have an offensive disregard for the natural world.

      Give it a few hundred million years... Of course Crete might be under water, covered in ice, or a big hole where a volcano exploded by then.

      --
      "I am the king of the Romans, and am superior to rules of grammar!"
      -Sigismund, Holy Roman Emperor (1368-1437)
    192. Re:Interersing trend... by Ihlosi · · Score: 1

      What we really need is a technology for synthesizing hydrocarbons like gasoline from CO2 + H20 + electricity.

      No, we don't need that, since we've had it for almost a century (the Sabatier process).

      What we really need it a technology capable of generating all the energy needed for the process (without burning more fossil fuels), and a technology that can efficiently extract CO2 from the air.

    193. Re:Interersing trend... by kabocox · · Score: 2, Insightful

      Who cares about the environment, it can recover in 20-40 years.

      Where do you get this crap? Take a look at the island of Crete. This island used to be almost completely covered in forest. Then the Minoans began clear-cutting it for lumber to build ships. This continued for several generations. When the forest was clear cut, there was no longer any mechanism for the top soil to be held in place. It washed into the sea. The isle of Crete is now a wasteland in terms of the ability to grow forest -- solid forest has not grown there in thousands years.

      You are naive, ignorant, short sighted, and have an offensive disregard for the natural world.

        O.k. maybe he needed 20K-40K years, but he is still generally right. It's funny when you take a single island that has been terraformed into what those natives thought that they wanted and well then complain that the only environment that they have is grass. In that single case, sure, I'd expect there to be grass and such much longer. To me nature has recovered. What are you complaining about is you don't like the nature that has recovered there.

      I don't like that oceans don't have trees growing out of them so let's bio engineer trees that float/grow on oceans. There are you happy we could have trees and things with trees. What is this focus on trees? Nature is everything. We aren't separate, but a part of it. And nature did survive everything that man has done to it.

      Oh, you don't like it because it didn't come back in the same exact form. Well, on shit. Nature ain't stupid, if it put a forest back there the humans would just cut it down again; it's much better to have what well survive humanity living there and that humanity can't make too much use of harvesting it. Natural selection is all about surviving on this planet with humanity. Forests weren't fit for that environment any longer, but grass, dirt, and mud were.

    194. Re:Interersing trend... by Jedi+Alec · · Score: 1

      That's BS. My girlfriend's diesel VW runs on renewable biodiesel (from used restaurant grease) right now, and it's a ten-year-old car!

      I'm as much in favor of finding alternative sources as anyone, but using restaurant grease to fuel cars is fine so long as it's just a few people doing it. There's only so many restaurants out there, and in many places the grease is already recycled.

      --

      People replying to my sig annoy me. That's why I change it all the time.
    195. Re:Interersing trend... by expatriot · · Score: 1

      I don't know if you are being ironic, but that list of beautiful stuff is getting shorter and shorter.
      I wouldn't count on ice caps for long.
      Some of these beautiful, but oil containing, regions could be left for the even bigger problems the world will have in twenty years if it doesn't sort out energy production and CO2 reduction.

    196. Re:Interersing trend... by hoppo · · Score: 1

      Real problem is still TOO MANY PEOPLE.

      You're right, the herd needs to be culled. You first.
    197. Re:Interersing trend... by hoppo · · Score: 5, Insightful

      You suggest the "natural world" should forever be a snapshot of when you first noticed it. An environment is not an entity of its own accord. It is a result of all its inputs, and we are a very large input on the environment. The only difference between us and other inputs is our self-awareness.

      The impact we have on the "natural world" becomes part of that world. Are there not birds, rats, cockroaches, etc. that thrive on the fruits of human progress? What makes them less important than the flora and fauna in a tropical rainforest?

    198. Re:Interersing trend... by Anonymous Coward · · Score: 0

      Because the price of oil is not being controled by supply and demand (at least not the one you are thinking about) right now. It is being controled by speculation (a different kind of supply and demand) on derivatives. Congress in 98-99 decided to remove some of the controls on derivatives that had existed since the 1930s (which is what caused the great depression). The speculators went and did the same thing they did before (remember enron?). That same money was being used to speculate on mortgages. Hedge funds work by safe bet/risky bet balance. The 'safe bet' was oil, the 'risky bet' was/is the mortgage/loan derivative. The way it works is if both bets go up your good, if one of the two bets goes down your even, if both go down your screwed. So you have a 1/4th chance of being screwed. As the 'risky bets' have gone down rather massively in money to be made and risk has gone up. So the 'risky' bets have gotten larger so the 'safe' bet has gone up in price to cover the more risky bet as it is in more demand. You are seeing this in other 'safe bet' areas such as gold, us goverment bonds, foods and other commodities. If you ever saw the movie tradding places the things they were showing him that they traded is ARE the 'safe bet' items (gold, silver, wheat, corn, oil, etc). The building blocks of the world.

      What was removed? The need to have a physical asset backing up the money you are loaning out (the risky bet). People/Investment funds could litteraly create money by loaning it out over and over! Hence the inflation you are seeing.

      Either the supply has gone down by 8x or the the price is being manipulated in some way. Oil reserves are at national highs. OPEC has stated on many occasions that their usual price fixing (which is what they have done since the 70s) is not working. So I dont think it is strictly a supply issue.

      There is some price fixing going on as well at the company levels of gas stations. Most people who own gas stations do not own the gas. The company that owns the gas sets the price. Then the owner of the station adds a small markup for his profit (usually 2-5 cents a gallon). The mega companies (shell, bp, exxon) buy gas in bulk MONTHS in advance. Suddenly in 1 day the price fluctuates by 30-40 cents? You should see a gradual increase or a bump months down the road (a gradual increase to soften the blow). But movements that large should not be happening on the day the price of oil jumped, unless some other price fixing is going on. That is a different market than oil though. It is derived from oil but still a different product, which most people do not make the distinction. Oil is used to make hundreds of different things, of which gas (the kind you put in your car) is but one of.

      I have seen things where it says it takes 1 barrel to make about 19 gallons. Currently that would mean gas should be about 7 bucks a gallon (it isnt). Which means a LOT of the numbers out there are fudged and manipulated to 'look bad' or 'look good' to manipulate people.

      This is just like the tech boom of the late 90s. People are pissed though because they are not part of it other than helping pay for it.

    199. Re:Interersing trend... by DarkProphet · · Score: 1

      Come on, this is slashdot. Sitting around (likely in mom's basement) bitching about it IS doing something about it. Getting laid is requisite to having childtren AFAIK.

      --
      What could possibly hurt the security of the American people more than giving our own government the ability to hide its
    200. Re:Interersing trend... by hoppo · · Score: 1

      Leaks are more an aesthetic problem than an environmental one. Oil is a food source, and takes its place at the bottom of the food chain. Look in the mountains of southern California for evidence -- there are naturally occurring oil streams coming out of the mountains there.

      In an oil spill, the only animals that experience significant, nearly irreparable harm are birds. And they're pretty fragile as it is.

    201. Re:Interersing trend... by kabocox · · Score: 1

      It should be bringing nuclear vessels. With the cost of oil to fire a ship being what it is, the Savannah would have been competitive back in the 70's. The only problem to solve is that high seas piracy still exists and the US government doesn't want the nebulous "bad guys" to steal a nuclear wessel and reuse its atomic fuel for something nasty.

      Um, what I'm really curious in why isn't some other country like China doing this? The article basically states that stuff is moving back here because shipping prices are increases, well if China or India moved to nuclear shipping and price of shipping drops to their country, will we have a flood of stuff moving out?

    202. Re:Interersing trend... by Anonymous Coward · · Score: 0

      Gas won't pass $5 per gallon, at least not during the winter. As we approach the turn of the year, fuel oil prices will fall, perhaps drastically.

      That is the approximate time that "Cost of Living" is calculated for the year. Big Business will see to it that the "Cost of Living" is low at that time, to make sure that they have to pay fewer benefits to their employees than they might otherwise have to do.

      Then next summer, prices will skyrocket again.

      Happens every year.

      -M

    203. Re:Interersing trend... by Ihlosi · · Score: 3, Insightful
      I have seen things where it says it takes 1 barrel to make about 19 gallons. Currently that would mean gas should be about 7 bucks a gallon (it isnt). Which means a LOT of the numbers out there are fudged and manipulated to 'look bad' or 'look good' to manipulate people.

      Erm, hello ? It might take 1 barrel of crude to make 19 gallons of gasoline, but at the same time you're also getting other products (natural gas, kerosene, diesel, fuel oil, paraffins) out of that barrel of crude that can also be sold.

      Absolutely no fudging necessary, just a bit of understanding of how a refinery works.

    204. Re:Interersing trend... by ArcherB · · Score: 2, Insightful

      Your conclusion does not follow. If you still think that, then you completely missed my point (which was that if we combine renewables, they become viable). Sure, waste veggie oil can't power the entire American vehicle fleet, but that doesn't make it non-viable. You combine it with ethanol and higher efficiency in general (i.e. smaller, lighter cars) and then it can. Ethanol is a great idea that needs to be researched further, but it's not ready for prime time. Here's another kicker to consider when thinking of ethanol. It still requires fuel to make! Meaning that we still need oil to make it. As for switchgrass, it produces about 3.5 times more energy than corn in ethanol production. It's a great start, but it's still not enough to power the US auto fleet. Also, even E85 is 15% gasoline, so we will still need oil to turn the switchgrass to ethanol and for that extra 15% gasoline. But, you are correct that the dent this can make, combined with increased domestic oil production can make the US energy independent, which is the goal, IMHO. It will also help drive prices down worldwide. I would throw in environmental benefits of ethanol, but there are issues that may make the CO2 reductions a wash.

      As for vegan oil, how many cars do you think our current crop of vegetable oil will power? I would be shocked if it were more than 1%. Actually, I looked it up:

      Briante said there are about 100 million gallons of waste restaurant oil generated annually. That would only replace about 0.07 percent of the 140 billion gallons of gas Americans use each year, and that's assuming everyone switched from gasoline to diesel engines. Using new vegetable oil - not the used stuff from restaurants -raises similar scarcity questions. You said:

      What we really need is a technology for synthesizing hydrocarbons like gasoline from CO2 + H20 + electricity. Then we could use the existing (except for the particular thing I'm talking about, of course) technology and infrastructure just fine. I agree completely! Unfortunately, these types of technologies as well as the ethanol mentioned above are at least decades away. What do we do in the meantime? I say we increase domestic energy production (drill for oil!) and use the revenues from that to fund the research required to speed these technologies along. Provided the trillions (yes, TRILLIONS) of dollars that could be invested here, we will find an energy solution long before the oil runs out and not ruin our economies in the process.

      --
      There is no "I disagree" mod for a reason. Flamebait, Troll, and Overrated are not substitutes.
    205. Re:Interersing trend... by Endo13 · · Score: 1

      I think he was trying to counter my point that I "like Alaska the way it is," and seems to assume that I would not place aesthetic value on an area that's essentially flat and frozen. Except that he has no basis at all to judge my aesthetics. I was specifically trying to LEAVE ASIDE the issue of environmental impact and appeal to simple human selfishness. Problem is, he assumed wrong. I think those photographs are beautiful, and I can't imagine marring those scenes. And you missed the most important part of his counter-point. The point is, the only reason you saw those photos at all is because they're thinking of drilling there. You could live in Alaska all your life and you would almost certainly never go visit that part of the state. The state is HUGE. They can drill all the oil there, and you can still keep seeing thousands of current photos of beautiful, pristine Alaska.
      --
      There is no -1 Disagree mod. Slashdot.org/faq defines mod options. USE IT.
    206. Re:Interersing trend... by LithiumX · · Score: 1

      ... or more people could do like me and get a motorcycle. Don't know how to ride? I got a bicycle a few weeks back (never rode one before) and started riding it around the neighborhood, then for short errands. Next up I'm taking a rider's training course (suggested for anyone, even if they've ridden before). After that there's just a few minor legalities (license, insurance) and then I get a motorcycle. 50+ mpg, and HOV lane all the way. :)

      Down side is that, being a newly minted rider, I'd do best to work my way up to a full commute (I live in the suburbs - where there's next to no bus service or mass transit, and everything is a bit of a drive).

      --
      Do not confuse "Freedom of Choice" with "Free Will".
    207. Re:Interersing trend... by neuromancer23 · · Score: 1

      Why? This is a nightmare. A strong dollar is the key to high standard of living for Americans (see: The Wealth of Nations). I don't see any benefit in this country returning to the standard of living that we had at the turn of the 19th century. Manufacturing jobs suck. When the dollar is falling through the floor, it means that you can buy less imported goods, and the standard of living is dropping dramatically, as the price of everything is jumping through the roof.

      The jobs america wants are the high-end, high paying jobs, not the shit that pays $10 an hour. If Americans want to make more money then they should get off of their lazy asses and:

      1. Learn to read
      2. Get a Bachelor's degree.
      3. Learn a valuable skill that people will pay good money for.

      There is no shortage of demand for doctors, lawyers, SAP developers, electrical engineers, biologists, etc. Let the Chinese pump out plastic products at $.10 an hour.

      When you wake up poor, everything in the United States is owned by foreign wealth funds, and you are forced into an even greater state of slavery than you are now, you won't have anyone to blame but yourself, for supporting a corrupt monetary policy:

      http://video.google.com/videoplay?docid=-9050474362583451279
      http://www.economist.com/opinion/displaystory.cfm?story_id=10533866

    208. Re:Interersing trend... by PONA-Boy · · Score: 1

      Well, I think that as soon as they announce that we will start new drilling out there in previously 'banned' areas...that speculators in oil will begin selling off...and that should drop the prices almost overnight back to more normal levels. I politely disagree. In the past number of months, no industry news that the average layperson, much less an industry insider, would consider positive to the reduction of prices has been heeded by traders in the energy futures market.

      One thing I hear over and over again in the media is "worries over supply concerns". OK, seriously folks...since WHEN has the Middle East (or Nigeria for that matter) been a hotbed of stability and peace? It is a simple matter of fact that supply has _not_ been reduced to any amount that would justify the current trading price of crude oil.

      The way I read it, supply remains pretty constant and demand has begun to slope off dramatically. This should equate to a corresponding market drop in futures trading for crude oil. It hasn't. Saudi Arabia commits to increased production and this should, also, equate to a drop in futures pricing. It hasn't. There is, in my opinion, no sanity in the energy futures market for crude oil...just a bunch of really FSCKING hyper-greedy speculators sucking the blood of the American common man and no-one doing anything substantive about it.

      --
      +that's funny...I don't FEEL tardy.+
    209. Re:Interersing trend... by ShaunC · · Score: 1

      My morning commute is now consistently 5 minutes faster in the morning and 15 minutes faster in the evening because the number of cars on the road has dropped that much. You sure that's due to the cost of gas? The same thing happens here every June - right when school gets out, and parents are no longer chauffering their precious snowflakes from place to place. The commute jumps back to normal at the end of August.
      --
      Thanks to the War on Drugs, it's easier to buy meth than it is to buy cold medicine!
    210. Re:Interersing trend... by Maxo-Texas · · Score: 1

      That hasn't been the case-- my morning commute is 95% freeways. School traffic hasn't played a factor in the past. On mondays and fridays the freeways have no traffic at all now (65-75 all the way from home to work).

      I agree that school is a factor in traffic generally. But I live 1/2 mile from the freeway and then work a 1/2 mile from the free way on the other end.

      --
      She was like chocolate when she drank... semi-sweet at first and then increasingly bitter.
    211. Re:Interersing trend... by Maxo-Texas · · Score: 1

      Picture education and income as penicillin.

      Some part of the human race will start breeding at a higher rate despite education and penicillin.
      And then it will come to dominate the culture within a hundred years.

      --
      She was like chocolate when she drank... semi-sweet at first and then increasingly bitter.
    212. Re:Interersing trend... by Anonymous Coward · · Score: 0

      Crete is not the world. The Minoans got their ships. People still live in Crete.

      You are dishonest, cynical, and have an offensive disregard for the industrialized world.

    213. Re:Interersing trend... by FattyBoeBatty · · Score: 1

      Why is there one of these "the problem is too many people" comments in every energy thread that gets modded up to 5??

      I'll one-up your totally unrealistic assessment of the situation: The problem is people using energy. We should all ride bikes or have a Flintstone mobile we peddle around.

      Even if the problem is too many people -- so what? Why waste time coming up up with silly points that nobody can do anything about. The same thing goes with conservation. Yes, conservation can help, bit it's a short term fix. Even if everyone greatly reduces the amount of energy they use, technology will advance and *gasp* the population will grow, and we'll find ourselves in the exact same predicament. The only solution is to find a new source of energy.

      It just irks me when people come in, state the obvious, and add nothing to the conversation. I'm sure you're "too many people" take wows people everytime on Digg, but at the end of the day -- so what?

    214. Re:Interersing trend... by mrchaotica · · Score: 1

      What we really need it a technology capable of generating all the energy needed for the process (without burning more fossil fuels)...

      We have that; it's called "nuclear fission."

      ...and a technology that can efficiently extract CO2 from the air.

      If the electricity is cheap enough, it doesn't have to be particularly efficient.

      --

      "[Regarding the 'cloud,'] ownership was what made America different than Russia." -- Woz

    215. Re:Interersing trend... by Maxo-Texas · · Score: 1

      They are definitely factors.

      However, China just raises prices on oil by 17% overnight. They have to do that three more times to get up to the world price. It is bleeding money to subsidize 3/4 priced oil.

      Last I checked, China has 47 cars per 1000 people- a fraction of the U.S. so your point is entirely valid.

      However because of natural cycles, oil prices will fall and probably stay down for a 3-4 years. The current price of the "last barrel" is 50 dollars. That's the real price of oil. Everything above that price is speculation.

      NPR had an interesting story.
      Apparently when china and india really came on line in the 90s/early 00's a huge amount of new wealth was created. That wealth has been looking for something-- anything to invest in. And it is causing a lot of bubbles until saner investment opportunities come along.

      --
      She was like chocolate when she drank... semi-sweet at first and then increasingly bitter.
    216. Re:Interersing trend... by LunaticTippy · · Score: 1

      AC power is not safe. 411 people died from electrocutions in the US 2001 (US Consumer Product Safety)

      Nothing is safe in life. There are no guarantees. Anyone can keel over at any time. I wish people would be less frantic about being safe. Anything that is safer than driving should be a no-brainer. We take that risk without blinking.

      --
      Man, you really need that seminar!
    217. Re:Interersing trend... by gnuman99 · · Score: 1

      http://www.uxc.com/review/uxc_Prices.aspx

      Get all Uranium product prices here :)

      SWU price is what you want. The hexafloride is the thing you need in centrifuges, for example.

      Most of the cost of the ship is not the fuel, it is the cost of the reactor, maintenance and reprocessing of waste. I guess that's the "bad" and good thing as same time - nuclear power requires us to deal with all the waste and not just allow it to go up *poof* into the atmosphere (it would hurt us much, much more than wildlife!)

    218. Re:Interersing trend... by Anonymous Coward · · Score: 0
    219. Re:Interersing trend... by Endo13 · · Score: 1

      Second, if you're speaking in the larger sense of growing any crop for ethanol, then I don't believe you. The yield from sane crop (like switchgrass) could be enough to power all of America's cars (especially when combined with the aforementioned biodiesel). Then you need to open your eyes and use your common sense, if you have any. Ethanol is far from being ready for viable widespread use, if it ever will be. See, the problem is that ethanol depends on plants. Plants need to be grown on land. Any land used for growing plants for Ethanol cannot at the same time be used for growing food. Even assuming something efficient like sugarcane or switchgrass, and even assuming all the farmland and 'empty' land in the US could be used for this purpose, the US does not have enough land to provide enough ethanol for itself. And of first-world countries, the US has far more farmland and unused land per population than any other developed country. Obviously, this situation is only going to get worse, as more countries get more developed and need more fuel, and as the population goes up and less land is available for agriculture. And this is all assuming we would stop growing food to grow plants for ethanol. Which obviously is not something that can be done.

      Long story short, Ethanol is and has always been a terrible idea, and the ridiculous hikes in food prices worldwide are proving this.

      --
      There is no -1 Disagree mod. Slashdot.org/faq defines mod options. USE IT.
    220. Re:Interersing trend... by Fulcrum+of+Evil · · Score: 1

      well yeah - it's way safer than coal, for instance.

      --
      "We returned the General to El Salvador, or maybe Guatemala, it's difficult to tell from 10,000 feet"
    221. Re:Interersing trend... by Alioth · · Score: 1

      There are *lots* of sellers of oil. The US domestically produces almost as much oil as it imports from *all* OPEC countries put together. The US imports more oil from _Canada_ (and then some - around 2.5M bbl/day vs 1.5M bbl/day) than Saudi Arabia. The UK is a net exporter of oil, as is Norway. There are dozens of oil producing countries, many having nothing to do with OPEC.

      Oil is a global market, and the Saudis can only influence the price a bit because they can change the output on cheap, easy oil, fairly easily. The Saudis - not even OPEC alone, can bring a return of oil prices down to even $30/bbl.

    222. Re:Interersing trend... by R2.0 · · Score: 1

      Think again.

      http://www.washingtonpost.com/wp-dyn/content/article/2007/10/25/AR2007102501463.html

      Stole a diesel tanker at gunpoint; the truck was found later, abandoned and empty. He sold the fuel to *someone*.

      --
      "As God is my witness, I thought turkeys could fly." A. Carlson
    223. Re:Interersing trend... by Alioth · · Score: 1

      A US gallon is only 3.8 litres, so petrol at 116/l is 440p per US gallon, or about $8.80 per US gallon.

    224. Re:Interersing trend... by Bazer · · Score: 1

      I'd say that 411 fatal electrocutions by 110V AC in a whole year can be considered freak accidents. Especially when you consider the total number of users. I agree that nothing is safe in life. When I write "safe" I thought "safe enough not to explode in my face when running with or without supervision". Small difference, I know.

    225. Re:Interersing trend... by Anonymous Coward · · Score: 0

      Russian atomic freighter Sevmorput operates since 1988

      http://en.wikipedia.org/wiki/NS_Sevmorput

    226. Re:Interersing trend... by Copid · · Score: 2, Interesting

      Oil purchases are all done on the futures market. The futures market is all speculation. Ergo, the current price of oil is speculation of the future demand for oil.
      I'm not talking about the price of a contract for delivery three months from now. I'm talking about the price of a contract that's about to come due. If you're a speculator, you likely have no interest in taking delivery of any oil. You'd rather offload that contract to somebody who will actually use the oil. At that point, the price is determined by what oil consumers are actually willing to pay for the oil. If the market is all speculation, odds are pretty good that you'd lose your shirt in that transaction.

      There's some debate about what's actually going on, but in the absence of significant evidence of hoarding, I tend to side with Krugman on this one. The data just don't support the speculation story. As somebody else said, it's like saying that the Giants won the Super Bowl because lots of people bet that they would. I think that we're looking at the real price of oil here.
      --
      An interesting anagram of "BANACH TARSKI" is "BANACH TARSKI BANACH TARSKI"
    227. Re:Interersing trend... by Bazer · · Score: 1

      The difference between a dude who stands in his hot tub to work on the filter pump and the guy who spills soda on the reactor control panel [wikipedia.org], is that hot tub boy only kills himself and at most a few of his friends.

      We know how to design a reactor which can fail safely and deactivates without constant and precise supervision. We also know how to safely handle coolant leaks. I agree that the major problem is in the wetware but we could potentially minimize it's job to the design and the hitting the off button. Once we have the design the off button should be a no-brainier.
    228. Re:Interersing trend... by ultranova · · Score: 1

      If you do a little research, you'll find that the already-existing oil pipelines in arctic and subarctic regions have not had a deleterious effect upon the flora and fauna of a biome (except in the case of pipeline spills, and frankly you can't stop every spill. So I consider that a non-issue.

      So... what you're saying is that they do have had a negative effect ? Because if they have a negative effect in certain conditions you can't stop from happening, it logically follows that they have this effect, period.

      If it's a choice between keeping our economy running while we switch to alternative energy (extra oil is a stopgap and everyone knows it), I'm entirely okay with running wildlife over.

      Cheap oil has always been a temporary condition, but still people behaved like it was a permanent one. Economy will switch to alternative energy when and only when oil is no longer cheap. Don't deceive yourself: drilling Alaska won't ease the transition, it postpones the transition - which may or may not be desirable, since technology advances all the time and makes those alternatives cheaper, while continuing to burn oil makes the greenhouse effect and accompanying climate change worse all the time.

      --

      Forget magic. Any technology distinguishable from divine power is insufficiently advanced.

    229. Re:Interersing trend... by ScouseMouse · · Score: 1

      Oops, I stand corrected, I apologise.

    230. Re:Interersing trend... by Endo13 · · Score: 1

      Despite what the media says, the housing crisis is not a national crisis either. It hasn't hit many area of the U.S. however it has hit California, Nevada, Arizona and Florida the worst which just happens to be where home values were sky high to begin with. It may not be national yet, but it's more widespread than that. It's also hit Ohio, Indiana, and Michigan.
      --
      There is no -1 Disagree mod. Slashdot.org/faq defines mod options. USE IT.
    231. Re:Interersing trend... by Anonymous Coward · · Score: 0

      It's $3k per square meter.

    232. Re:Interersing trend... by ultranova · · Score: 1

      Hydro, nuclear, solar, wind tidal and geothermal are all available today, but can THEY power our cars? No.

      Actually, yes. Oil is a mixture of carbohydrates, which, as the name implies, are composed of carbon and hydrogen. Both are available in abundance on Earth - carbon in carbon dioxide in the air, and hydrogen in water. Given enough energy, it would be relatively simple to produce endless amount of any desired form of oil - gas, diesel, whatever - from these raw materials.

      --

      Forget magic. Any technology distinguishable from divine power is insufficiently advanced.

    233. Re:Interersing trend... by operagost · · Score: 1

      What's your point? No method of generation is safe.

      --

      Gamingmuseum.com: Give your 3D accelerator a rest.
    234. Re:Interersing trend... by operagost · · Score: 1

      Must be those dirty Jews and Republicans, eh?

      --

      Gamingmuseum.com: Give your 3D accelerator a rest.
    235. Re:Interersing trend... by operagost · · Score: 1

      Maybe you should research the environmental impact of the existing pipelines before you speculate wildly.

      --

      Gamingmuseum.com: Give your 3D accelerator a rest.
    236. Re:Interersing trend... by operagost · · Score: 1

      I'm pretty sure there aren't any ducks in that part of Alaska. And oil is bad for ducks no matter where it comes from.

      --

      Gamingmuseum.com: Give your 3D accelerator a rest.
    237. Re:Interersing trend... by operagost · · Score: 1

      If you think it can't be stopped, then at least don't get in the way of those who think we can fix our problems.

      --

      Gamingmuseum.com: Give your 3D accelerator a rest.
    238. Re:Interersing trend... by cayenne8 · · Score: 1

      Ok, I gotta ask, what the hell is an "exburb"? I've never heard that term before....

      --
      Light travels faster than sound. This is why some people appear bright until you hear them speak.........
    239. Re:Interersing trend... by Ihlosi · · Score: 1
      We have that; it's called "nuclear fission."

      We don't even get all of our electricity from that. Good luck getting all the extra energy to synthesize our gasoline. Do you have any clue just how much energy in the form of gasoline the US consumes ?

      About 130 billion gallons per year. At 36.4 kWh per gallon, that's 4732 billion kWh. A nice-sized fission plant with two reactors produces about 4000 MW, and lets assume it runs 365*24h per year. Assuming a 100% efficiency of converting that electrical power to chemical energy in the form of gasoline, you'd only need (4632,000,000,000 kWh) / (4,000,000 kW * 365 * 24h) = 136 of these plants. And that's just for fscking gasoline, not for the 50 billion gallons of diesel fuel, not for any kerosene, not for any heating oil.

      One-hundred and thirty-six nuclear plants. Sorry, but nuclear fission is not the energy source to synthesize gasoline.

      If the electricity is cheap enough, it doesn't have to be particularly efficient.

      Make that 20% efficiency (probably still very, very optimistic), and you're at 680 nuclear plants, just for gasoline, and just for the USA. Good luck.

    240. Re:Interersing trend... by infinite9 · · Score: 1

      Not to pick nits but...


      The reason people are going into foreclosure is because they took out loans with onerous terms. They did this because either they were duped by bad mortgage brokers, or because they (wrongly) assumed that housing prices would increase forever. This led them to believe that they had to get in on it now or be priced out forever. It also led them to believe that they would always be able to refinance out of their lethal mortgage.


      Then two things happened. One, housing prices fell. This prevented refinancing because they now had no (or negative) equity. Two, banks tightened lending standards when they finally came to their senses. Now, people are being forced to accept the bad parts of their mortgage terms that they didn't know about or assumed they would never have to deal with. Mix with that rising commodity prices, massive job losses, and massive amounts of personal debt and it compounds the problems.


      Mortgage rates did increase. (in spite of the fed lowering rates) But this was because of the effect of inflationary fears on bond prices. When the fed dropped rates, savings from cheaper money that used to be passed on to borrowers were instead absorbed (and then some) by banks to fatten their margins in an attempt to raise emergency capital.


      As for houses, they historically closely follow the rate of inflation. This goes back 100s of years in europe. Anything more than that is a bubble.


      In my opinion, all this crap going on right now is the economy taking its medicine. It's a good thing. The recent price hikes are nothing more than commodities catching up with the real value of the dollar. I don't think we'll see $8 a gallon gas unless the dollar loses half its value again (which it could). And I agree with the article summary. This should cause manufacturing jobs to come back here which is only a good thing. But on the down side, it will cause the price of imports to go through the roof. Just wait until china removes their artificial dollar peg. You aint seen nothing yet. Another bad one to watch for is the european central bank raising interest rates.


      Even though they've received modest raises, most have taken a pay cut over the last 8 years, but don't realize it. Fun times.

      --
      Disconnect your television. Do your own research. Draw your own conclusions. They're probably lying. Don't be a sheep.
    241. Re:Interersing trend... by Hektor_Troy · · Score: 1

      So what? The linked statistics clearly points out that the numbers listed are for the center of financial centers. If you expect to buy a house/apartment in the center of a US financial center (that would be central Manhattan, New York, New York) for less than that ... I think you're rather naïve.

      First hit I find on Google when searching for apartments on Manhattan gives me a real estate agent whose cheapest Manhattan apartment is aprox. 950$/foot^2 or 10,300$/m^2

      Sure, still cheaper than the London listing of 18,000/m^2 but it's a hell of a way off from the claimed "125$/foot^2" which incidently is 1,350$/m^2.

      That might be the average for all of the US, but that's not what the listed statistics for Europe are about.

      --
      We do not live in the 21st century. We live in the 20 second century.
    242. Re:Interersing trend... by Kelbear · · Score: 1

      There's still oil out there, but putting off new oil drilling for as long as possible helps keep the oil prices high which makes alternative energy research more economically attractive.

      The fact that there is a limited supply of oil isn't a death knell for society, so long as we can ease into the transition to alternative power sources we will suffer some hardship, but continue on. But if oil prices stay low and the resource is drained quickly before alternatives are put into place, economies will be caught flat-footed. If oil prices stay high, we can move on to other energy sources and even continue to use oil for other purposes like plastics production.

    243. Re:Interersing trend... by Foobar+of+Borg · · Score: 1

      We could even fake all the drilling stuff
      I didn't know my wife posted to slashdot! [ducks and hides]
    244. Re:Interersing trend... by initdeep · · Score: 1

      you do understand that the companies refining the oil are purchasing on the futures market right?

      no refinery in the world gives a shit about the oil price today. they have already bought all the oil they need to have in their facility today many months in advance.

      you cant just not run a refinery for a day.
      They take weeks to shut down and weeks to bring back online.

      therefore the oil going into their production pipeline is being purchased months in advance and as such, they are simply competing with speculators who are buying these futures at the same time and removing these futures from the board. This causes the price of the futures to potentially rise if the refineries are trying to purchase as well.

      the drop in futures prices is caused by the speculators (and anyone purchasing that isnt a true user is a speculator) selling more shares than needed by the refineries (and other users).

      if speculators are able to drive the price up, they do not have to wait for the market to drop to sell, they can be slowly pushing the price up by buying the available futures, and when their are none to be had for purchase by users who cant afford to not have it, they are willing to pay the higher price to get it.

      its a fairly volatile market, and you can be bitten REALLY bad by it, but good futures traders will ALWAYS make money and will generally make very good money in their business dealings.

      btw the same holds true for my locaql crop market of corn and the ethanol production plants, which is what has caused the recent surges in corn pricing per bushel.
      You cant turn off an ethanol plant either, and farmers are a lot smarter than people want to give them credit for, and the coops are now very well controlled by very good businessmen who know how to work the futures market for the best price/time ratio.

    245. Re:Interersing trend... by mrchaotica · · Score: 1

      One-hundred and thirty-six nuclear plants. Sorry, but nuclear fission is not the energy source to synthesize gasoline.

      Why not? That's only about 3 per state, you know -- seems reasonable to me! It's not as if nuclear power plants take up that much space. (Besides, you could always just build fewer, larger plants.)

      Make that 20% efficiency (probably still very, very optimistic), and you're at 680 nuclear plants, just for gasoline, and just for the USA. Good luck.

      And? So it'd maybe be a bit annoying to build. Compared to impoverishing ourselves to OPEC, killing ourselves with pollution/global warming/whatever, etc. isn't it worth it?

      --

      "[Regarding the 'cloud,'] ownership was what made America different than Russia." -- Woz

    246. Re:Interersing trend... by pushing-robot · · Score: 1

      We know how to design a reactor which can fail safely and deactivates without constant and precise supervision. We also know how to safely handle coolant leaks. I agree that the major problem is in the wetware but we could potentially minimize it's job to the design and the hitting the off button. Once we have the design the off button should be a no-brainier.

      We also know how to make buildings that don't collapse, planes which don't crash, and ships which don't sink. But a few still do.

      No matter how many known contingencies we may plan for, we're constantly finding new ways to screw things up. A piece of inferior material here combined with a bad decision there and throw in a broken sensor or a software glitch and you've discovered a new recipe for disaster. Crazy combinations of events happen every day; statistics is a bitch.

      Of course, any technology becomes safer with time and experience, but we've yet to produce anything with a 0% failure rate.

      --
      How can I believe you when you tell me what I don't want to hear?
    247. Re:Interersing trend... by Maxo-Texas · · Score: 1

      Say that american reactors are 10,000 times as safe as chernobyl. There is *still* a chance that we get a chernobyl every year and if we have 100 of them, the odds are about 1%.

      So what is the downside? An entire city and region evacuated and uninhabitable.

      This is like the credit fiasco we are in- they judged the risk of it happening very low-- but the consequences of it happening are very high.

      If the risk is non-zero and the outcome is a catastrophe, it's a tough call.

      As an extreme example..

      Say that I created a new energy process that had a 1/1,000,000,000,000 chance of destroying the earth instantaneously but which would provide enough energy to support 20 billion people or let 6 billion people live like kings. Would it be worth using? (The age of the earth is only 4,500,000,000 after all so only a roughly 4.5% chance it would have failed since the earth was created).

      It is very hard for the human mind to process such risks. We tend to over or underestimate risks based on 5-10 years of experience.

      --
      She was like chocolate when she drank... semi-sweet at first and then increasingly bitter.
    248. Re:Interersing trend... by dave562 · · Score: 1
      How much of the current price of oil do you think is speculation, and by what mechanism is speculation actually affecting the actual delivery price?

      About 60% of the current cost of oil is pure speculation. Check out the following URL for a detailed analysis of that 60% figure.

      http://www.globalresearch.ca/index.php?context=va&aid=8878

    249. Re:Interersing trend... by pushing-robot · · Score: 1

      What's your point? No method of generation is safe.

      That WAS my point. A GP in the thread said that nuclear power was "safe...PERIOD!" I was pointing out that nuclear energy, while far cleaner and safer for the world at large than coal, still has definite risks. We should work hard to make power generation safer, but not delude ourselves (or others) into thinking it's "safe".

      (To be fair, though, no great photovoltaic catastrophes spring to mind...)

      --
      How can I believe you when you tell me what I don't want to hear?
    250. Re:Interersing trend... by EnergyScholar · · Score: 1

      I am in favour of drilling Alaska, but not for the standard reasons.

      If we drill oil in Alaska and use it to power our cars and keep our (doomed) economy afloat for a few more months, then we are behaving like jackasses and deserve what we get.

      If we drill oil in Alaska and use it (a few years later) for emergency food production (which we'll need) for the decade(s) AFTER our economy crashes and our cars stop running, THEN we'll be showing a trace of common sense.

      High gasoline prices are just an SYMPTOM of what's going on, not the main problem. We use 20% of our oil (a bit less than TOTAL DOMESTIC PRODUCTION) just for agriculture. Once our economy collapse we won't be able to AFFORD to import much oil, so we'll need almost our entire domestic supply just to feed ourselves. That will leave almost no oil for transportation or manufacturing.

      Right now the oil in Alaska just means slightly lower prices, whereas in a few years this smallish flow may mean the difference between starvation and survival for millions of Americans.

    251. Re:Interersing trend... by EnergyScholar · · Score: 1

      Nope. North America is the most heavily explored and drilled place on Earth, by far. The USA originally had more oil than Saudi Arabia. However, the USA has already used up (burned) about 85% of it's original oil endowment. There's just not much oil left in North America, even counting what's in Alaska. and there's no chance of domestic US production increasing appreciably, with or without Alaskan drilling.

      Regarding the large supply of 'non-conventional' in North America: yes, it's there. However, our ability to get at it is rate-limited such that it can never be a large energy flow.

    252. Re:Interersing trend... by Omestes · · Score: 1

      Oh yes, I forgot it's a point of view.

      As is thinking we should drill in ANWR. So your point is?

      Basically you supply a nice slippery slope type argument here. If its okay to sacrifice this place, why isn't it wrong to do it in other places, until there are none left?

      Doing some quicky cost analysis, guides my point of view towards the idea that the benefits (a couple cents cheaper gas in a decade or so) out weight the cost (more exploited land).

      But then again I'm okay with the current "shortage" of oil, since we might slowly ween ourselves back from the gross, and inexcusable, excess lead to by the false sense of infinite resources/entitlement. Its a dose of reality, something we need in America.

      I use the quotes around the term "shortage", since I'm lead to wonder if it really is as bad as our politicians and oilmen tell us. How much profit has Exxon-Mobil gotten since this "crisis" began? Generally companies don't break ALL records for profit during a crisis, and when they do, something is fishy.

      --
      A patriot must always be ready to defend his country against his government. -edward abbey
    253. Re:Interersing trend... by EnergyScholar · · Score: 1

      Full agreement. Save the oil in Alaska for when we REALLY need it. Like, for food production.

    254. Re:Interersing trend... by FrameRotBlues · · Score: 1

      Ah hahaha, I bet you don't live in Minnesota. (Judging by your name, I'd say you live in Texas...) Every Friday in this state, the highways are jammed with vehicles pulling boats, pontoons, 4-wheelers, jetskis, campers... you name it, all heading in a northerly direction.

      Although, I will agree that since gas prices have gone up, there is less of that traffic. Normally Memorial Day is a long weekend, and ALL the Weekend Warriors make the pilgrimage to the cabin, but this past Memorial Day weekend did not have the traffic it usually does. Perhaps the same thing will happen over the 4th.

    255. Re:Interersing trend... by Omestes · · Score: 2

      So if it exists, and we are not aware of it, it has no value? I'm not sure I'm getting your point?

      I understand the parents point, many people think much of my state is a barren, ugly, wasteland (Arizona), and I've often heard people here say that it would be okay to pave over the whole place for solar panels. I personally find the Sonaran Desert to be among the most beautiful places in the world (Alaska, from what I've seen is a close second.), and would vehemently fight anyone who wants to deface it for pure greed.

      The environment has a value unto itself, not relative to our current value system. Degradation remains over a long term, and we are not certain of its future value to future generations. Also I believe that the land has value unto itself, not relative to our own. It has intrinsic value, is what I'm working towards.

      --
      A patriot must always be ready to defend his country against his government. -edward abbey
    256. Re:Interersing trend... by wickedskaman · · Score: 1

      Are they any other studies that are not... um, Canadian?

      --
      Sand's overrated... it's just tiny little rocks.
    257. Re:Interersing trend... by Copid · · Score: 1

      you do understand that the companies refining the oil are purchasing on the futures market right?
      Yes, and so does Krugman in the article I linked to.

      no refinery in the world gives a shit about the oil price today. they have already bought all the oil they need to have in their facility today many months in advance.
      Yes, and they'd do that primarily because the spot price is comparable to or higher than the futures price, so there's no downside to getting the guaranteed delivery price.

      therefore the oil going into their production pipeline is being purchased months in advance and as such, they are simply competing with speculators who are buying these futures at the same time and removing these futures from the board. This causes the price of the futures to potentially rise if the refineries are trying to purchase as well.
      In that case, the futures price would be higher than the spot price. The only demanders for spot purchases and short run futures contracts are people who actually plan to take delivery of the oil. In the longer term markets, it's a combination of those people and speculators. If speculators drive the long run prices up too high, rational purchasers will lean toward buying shorter run contracts.

      if speculators are able to drive the price up, they do not have to wait for the market to drop to sell, they can be slowly pushing the price up by buying the available futures, and when their are none to be had for purchase by users who cant afford to not have it, they are willing to pay the higher price to get it.
      All the talk of speculators driving things neglects the simple fact that at the end of every futures contract is a quantity of oil--a quantity that speculators don't want to have to deal with. If speculators are really driving things, the futures prices would be in contango or inventories would be growing. The first is clearly not the case, so where are the inventories? I can't say that I'm keeping track of oil inventories too closely, but I haven't heard anything about any such growth. A market in backwardation combined with static or declining inventories certainly doesn't seem to be one that's being dominated by futures manipulation.

      More to the point, the simple fact that the spot price is higher than or comparable to the futures price should be telling us that the people who actually use the oil are willing to pay those prices, so the demand side portion of the equation is very real, regardless of the cause of the swings in the supply side. That should be far more alarming to us than anything that's happening in the long-term futures market.
      --
      An interesting anagram of "BANACH TARSKI" is "BANACH TARSKI BANACH TARSKI"
    258. Re:Interersing trend... by Woldscum · · Score: 1

      Myth said: "Oil companies have leases all over America to drill for oil. They are currently only using 20 percent of these leases."

      Oil is only present on 20% of the leases. Just because you lease a piece of land from the Feds does not guaranty an oil strike.
    259. Re:Interersing trend... by Copid · · Score: 1

      About 60% of the current cost of oil is pure speculation. Check out the following URL for a detailed analysis of that 60% figure.
      That doesn't really seem like analysis so much as simple post hoc reasoning about a lack of regulation. The reality remains that the only way futures speculation can affect the final price of a delivered good is if the futures prices change to encourage hoarding. The fact that the futures price is not hugely higher than the spot price and that officially, inventories seem to be falling don't agree with the paper's conclusions.

      I'm willing to buy into the idea that there is a lot of hoarding going on that isn't properly accounted for (it certainly wouldn't be surprising), but I haven't seen any good evidence of that claim. If it's true, it changes the market realities a bit, and it's something that we need to figure out how to deal with. If not, I don't see how anybody can come to the conclusion that the current price is speculation without giving in to wishful thinking.
      --
      An interesting anagram of "BANACH TARSKI" is "BANACH TARSKI BANACH TARSKI"
    260. Re:Interersing trend... by Copid · · Score: 1

      A buddy of mine makes his own sausage and bacon. That alone saves a boatload of money even if he isn't raising the pigs himself.
      If that amounts to a boatload of money, it might be wise for your buddy to think about improving his diet...
      --
      An interesting anagram of "BANACH TARSKI" is "BANACH TARSKI BANACH TARSKI"
    261. Re:Interersing trend... by kabocox · · Score: 1

      Doing some quicky cost analysis, guides my point of view towards the idea that the benefits (a couple cents cheaper gas in a decade or so) out weight the cost (more exploited land).

      But then again I'm okay with the current "shortage" of oil, since we might slowly ween ourselves back from the gross, and inexcusable, excess lead to by the false sense of infinite resources/entitlement. Its a dose of reality, something we need in America.

      Personally, I'm mixed on the entire thing. We have no shortage of oil and the price ain't all that expensive. O.k. we do have a temp. fuel price issue because we have to compete with everyone else to buy the damned stuff. I've been reading about N.S. SAVANNAH
      http://www.marad.dot.gov/Offices/MSP/Ship_Operations/NSS/index.htm . Read up on that ship. Basically there wasn't any tech. reason why we shouldn't have nuclear civilian cargo ships. The poor ship was doomed because of the PR stunt thing, but it worked and made a profit. The real hidden cons where that those specialists got more money due to all those nuclear related classes that they had to attend, and those that supervised them usually made more money and complained to their union. Oh, and that half the ship was a cargo ship/half was a passenger PR ship. It was built as a tech demo and the tech worked fine. They then complained that it wasn't economical, well it was never built to be.

      This link is about 100% solar/hydrogen powered home http://www.sciam.com/article.cfm?id=hydrogen-house&page=2
      The home works. It cost the guy $100K of his money, $400K of government grants, and a $3 million car to make it work. I'm sorry, but the tech may be there, but I'd rather us focus on building cost effective tech. Nuclear powered ships, trains, and airplanes make far more sense than solar powered homes at this point in time.

    262. Re:Interersing trend... by Endo13 · · Score: 1

      I'm not sure how it's possible for someone to miss the point, but let me restate it.

      It's not possible to keep everything looking pristine, beautiful, and "natural" and still provide resources needed by people. Therefore, a balance between conservation and practical use must be found. At one point in time, the land where your house now stands was just as pristine and beautiful as any part of Alaska. And the same is true for pretty much every other land changed by man. Yet we don't see too many people begging for a chance to have their house torn town and their land turned back into a natural habitat. Sure, I like the idea of unspoiled natural areas as much as anyone. But there's a point where some land must be used for practical purposes, and most of the people in opposition are those who don't really care about the land itself (how could they, they've never been there and never will), all they know about it is that it made a pretty picture and they don't want to see that picture spoiled. Or to bring it closer to home, would you hesitate to tear up part of your beautiful lawn to put in something needed for practical purposes, like a septic system or a tool shed? And yes, even a little 10'x10' area of grass can make a beautiful picture and has its own little ecosystem in place.

      On a different note, while it's not fun imagining a beautiful area like that in Alaska spoiled by drilling for oil, I'm of the opinion that something like that will cause far less environmental damage than continued deforestation that happens every day to create farmland to grow plants for ethanol.

      --
      There is no -1 Disagree mod. Slashdot.org/faq defines mod options. USE IT.
    263. Re:Interersing trend... by Skeet112 · · Score: 1

      In which case we wouldn't have to worry about as many people, right?
      Higher demand = Higher Price
      Less People = Less Demand
      Guess some people need to get killed according to economic ethics. I say the politicians should go first.

    264. Re:Interersing trend... by jsiren · · Score: 1

      I hate slashdot for it's lack of editing.

      Use the preview.
      --
      Usage: km/h for speed (kilometers per hour); kph for very slow impulses (kilopond hours).
    265. Re:Interersing trend... by Anonymous Coward · · Score: 0

      So what you're saying is... the Russians have a nuclear wessel?

    266. Re:Interersing trend... by dave562 · · Score: 1

      What I took away from the paper is that the unregulated trading of futures contracts that only require a very small initial cost has enabled speculation. My understanding is that the initial cost is something like 1/8th of the cost of the contract. The fact that the cost is so low allows people to walk away from bad bets because they aren't putting up anywhere near the full cost of contract.

    267. Re:Interersing trend... by Omestes · · Score: 1

      I agree on the compromise bit, but it should be a slowly shifting compromise to wean us off of fossil fuels, and not a long-term investment to perpetuate this fiasco. No matter how you split it (ecologically, economically, geopolitically, or socially) our increasing dependence on oil (and fossil fuels in general) is a bad habit we should be working on removing. Increases in yield is/should be a stop-gap measure at best for moving towards a network of better sources of energy.

      Therefore, a balance between conservation and practical use must be found. At one point in time, the land where your house now stands was just as pristine and beautiful as any part of Alaska. And the same is true for pretty much every other land changed by man.

      But... we still have a slippery slope, after ANWR where next? Once we move past that your argument can still be used to move to more and more natural areas. I'm generally in favor of keeping as much "wasteland" out there as we can, we need it.

      We really haven't even explored alternatives to ANWR, some ass-hat might make money off of it, so it is a BIG priority, no matter what. We really could look into alternative sources of energy, or even more offshore rigs (yes, the environmentalists also scream about that, but it is generally safer than an ecologically fragile environment, like permafrost/tundra). As I stated I worry about the slippery-slop elements of this, the NWR bit of ANWR is "National Wildlife Refuge", which is a federally protected bit of land, opening this up, would set a precedent of opening up more protected ecosystems. Why bother granting something protected status, if your just going to sell it to corporations.

      Yes, the actual area is a small area of the huge refuge, BUT... Permafrost/tundra is very fragile, and we forget the infrastructure that would have to be built for exploration (not to mention exploitation of possible resources). We'd need camps, roads, pipelines, heavy machinery, etc... This would have a greater effect than merely utilizing the terrain for oil, its much more complicated than that.

      We need to have set asides areas for the rest of the world (not counting us), and once set aside, they should stay that way.

      --
      A patriot must always be ready to defend his country against his government. -edward abbey
    268. Re:Interersing trend... by Copid · · Score: 1

      The fact that the cost is so low allows people to walk away from bad bets because they aren't putting up anywhere near the full cost of contract.
      That's true, except that it still means that people are selling the contracts in the process of walking away, so we should still be seeing short-term prices significantly lower than long term prices. The only way to make the spot price higher would be to buy the contract and take delivery of it. If you just buy it and then sell it back into the pool of contracts, all you do is make the future price higher.

      Essentially, you're creating two markets: one where demand is driven by people who need oil + speculators, and the other where demand is driven only by people who need the oil. If speculators drive the price up in one market, the price in the other market should stay relatively low unless somebody is hoarding the oil so it never makes it into the second market. Since we're not seeing future prices significantly higher than present prices, I doubt that's what's happening.
      --
      An interesting anagram of "BANACH TARSKI" is "BANACH TARSKI BANACH TARSKI"
    269. Re:Interersing trend... by dave562 · · Score: 1
      I definitely do not understand how futures contracts work so all of this is speculation on my part. Having said that, if there are 10 contracts available and there are 9 speculators willing to bid $150 for the contracts, then the 10th person who really wants the oil is going to have to pay $150 for his contract as well. It doesn't matter if the other 9 people default on their contracts two months down the line, the guy who really needed the oil still really needs the oil and he agreed to pay $150 for it, so he's stuck paying $150 for it.

      Another facet of the equation is those 9 speculators paid $150 for their contracts two months prior. If price of a future contract is more than $150 when their two month old contracts come due, then they can still cash in on their contracts given that they are entitled to oil for less than the going rate.

      What am I missing here? I guess I don't see how there are two markets. My understanding is that the demand is simply so high that it doesn't matter what the cost is because there will always be someone who needs it and is willing to pay the price for it. My perception is that it is simple inflation... there is simply too much money chasing too few resources.

    270. Re:Interersing trend... by Maxo-Texas · · Score: 1

      Wouldn't make a difference.

      Once it is posted, it's like when a second programmer looks over your shoulder- suddenly you can see problems that were invisible as you worked over the code for the last hour.

      --
      She was like chocolate when she drank... semi-sweet at first and then increasingly bitter.
    271. Re:Interersing trend... by Codifex+Maximus · · Score: 1

      Very interesting (spelled it right that time) AC post.

      --
      Codifex Maximus ~ In search of... a shorter sig.
    272. Re:Interersing trend... by glitch23 · · Score: 1

      It may not be national yet, but it's more widespread than that. It's also hit Ohio, Indiana, and Michigan.

      Yes I know but I listed the states that got hit "the worst".

      --
      this nation, under God, shall have a new birth of freedom. -- Lincoln, Gettysburg Address
    273. Re:Interersing trend... by Copid · · Score: 1

      I definitely do not understand how futures contracts work so all of this is speculation on my part. Having said that, if there are 10 contracts available and there are 9 speculators willing to bid $150 for the contracts, then the 10th person who really wants the oil is going to have to pay $150 for his contract as well.
      That assumes that he has to buy the futures contract right now. Let's make it more concrete and say that the contracts are for delivery of a barrel of oil in December. The guy who really needs the oil has six months to buy his December oil, and the people who are merely speculating have six months to unload the contracts that they bought with no intention of fulfilling. The futures contracts can be bought and sold, but at the end of that six months, the only people doing the buying are the people who plan to use the oil. If the price is being driven up by speculators, then it makes sense for "legitimate" buyers to buy on the spot market or buy shorter-term futures rather than the purchasing overinflated long-term futures.

      Of course, if you're a producer, you also have two options when you pull a barrel of oil out of the ground. You can sell it today on the spot market, or you can sell a futures contract for it and store it until the contract comes due. If the futures price is much higher than the spot price, it becomes worthwhile to invest the money to store the oil. That's why I said what I said about inventories: It all makes sense if inventories are going up, because that means that the futures market is affecting the present market by causing suppliers to hoard and reduce the supply.

      It doesn't matter if the other 9 people default on their contracts two months down the line, the guy who really needed the oil still really needs the oil and he agreed to pay $150 for it, so he's stuck paying $150 for it.
      Default on their contracts? I suppose that could happen if they're buying on margin and getting wiped out, but that doesn't seem like a phenomenon that's likely to be driving things. In either case, the oil suppliers still have the oil, and it either has to be sold on the spot market (at a lower price than the futures contract) or hoarded to be sold at a later date. There's no getting around the fact that there's physical oil at the end of every futures contract agreement, and something has to be done with it.

      Another facet of the equation is those 9 speculators paid $150 for their contracts two months prior. If price of a future contract is more than $150 when their two month old contracts come due, then they can still cash in on their contracts given that they are entitled to oil for less than the going rate.
      Sure, they can do that, but that's an indication that the actual oil consumers are driving up the price rather than the futures speculators. In that case, the price we're seeing is decidedly real and all the talk about evil speculators driving the price is moot.

      What am I missing here? I guess I don't see how there are two markets.
      It's not exactly two different markets. My point is just that you could think of it as two separate markets separated in time. The futures market doesn't involve any physical goods and anybody can play. To play in the spot market, you actually have to be a real oil consumer. Futures traders can really only drive up the price of the futures, and if they do so, the oil consumers will simply stop buying those futures and start dealing in the short term market. The only alternative is if the spot market tightens up because sellers are only selling on the more profitable futures market--something that could definitely happen, but it would be accompanied by an increase in inventories or a decrease in oilfield output.
      --
      An interesting anagram of "BANACH TARSKI" is "BANACH TARSKI BANACH TARSKI"
    274. Re:Interersing trend... by gregbot9000 · · Score: 1

      Thats interesting.
      Lack of care for the environment in the manner you described seems to be the opinion of people in developing countries, and the united states a century ago.
      I don't want to sound trollish, but it seem to me environmentalism is a luxury people are all to willing to do away with when things get tough.

    275. Re:Interersing trend... by Lost+Race · · Score: 1

      one minister tells people that should stop being so miserable about the rising cost of living.

      He raised comparisons with the former Prime Minister Harold Macmillan's famous claim that Britain had "never had it so good" by saying "our citizens have never been so wealthy".

      In other good news, the weekly chocolate ration has been increased to 20 grams!

    276. Re:Interersing trend... by tomhudson · · Score: 1

      One thing to keep in mind is that the longer oil is at $130+, the longer it will be at $70 or less

      You wish! Easily-recoverable nn-OPEC oil is getting scarce, and domestic demand in the BRIC (Brazil, Russia, India, China) is growing a LOT.

      Supply vs demand.

    277. Re:Interersing trend... by gregbot9000 · · Score: 1

      It can be argued that the exponential increase in technology and production is actually powered by the exponential human population growth. That is, more people contributing to economy's of scale and research are the driving force and actually produce a greater amount than their are people.
      By reducing population you could actually reduce our scientific and social development so that as population decreases you could see a stronger decrease in science and disposable income.

      Besides it doesn't seem like we have too many people since there hasn't yet been a massive famine, and people keep making babies, besides, it has been shown that industrial population growth is stabilizing. I think the upper population limit should be set by the market forces that obviously still favor population growth, not ivory tower policy.

      I suspect you just think there are too many people for your own comfort. What a horrible waste it would be if we limited world population to 8 billion when it could hold 12.

    278. Re:Interersing trend... by gregbot9000 · · Score: 1

      Is Crete a wasteland in term of the ability to grow other crops, or people, or industry? I doubt it. The natural world can suck my plow.
      Environmentalists attribute feel good value to the environment that doesn't exist. It is a luxury that will be the first thing against the wall when things get scarce. They need to stop trying to validate their overvaluing of the environment with Global warming "manbearpig" scare tactics and just realize most people would rather live well in a domed city than poorly in a village.

    279. Re:Interersing trend... by indi0144 · · Score: 1

      Duh, bio-diesel harms food prices as far as more land is destined to produce genetically modified products just to convert them to bio-diesel and less it's used to grow edible food, and OBVIOUSLY food prices soar by lack of offer. And no, it's not a hypothesis, ItÂs a reality were living here, We've been using bio-diesel for 3 years and the prices of food had rise about 40% plus the normal inflation rises in that time.

      Also, like, real life is not a videogame, the people on the convoys has to eat, they have to be paid and the cost of logistics and planing so in wich currency is this being paid? pixie euros? Hijacking a ship for the nuclear fuel it's just a no-brainer I think it's more easy to find some in the black market or in your middle east taxi driver of trust.. And if the militia it's guarding every nuclear ship that roams the oceans Who will be guarding your coasts? huh? Pixie Army?

      Wheres the bad analogy guy when you need him? And yes I'm very inclined to make pixie-related-jokes.. because I love that band, so what? :)

    280. Re:Interersing trend... by tomhudson · · Score: 1

      Says the guy that's never paid a gas heating bill.

      Have too. BTW, the US is a net importer of natural gas (warning - pdf). Also, the government predicts shortfalls after 2020 (google cache to avoid pdf).

    281. Re:Interersing trend... by tomhudson · · Score: 1

      Photovoltaics output decreases with time. Wind turbines need maintenance, same as hydro dams (and we haven't seen what the long-term implications of removing large amounts of energy from winds will mean in terms of climate. We could very well end up with stagnant air masses that end up costing us more in AC to cool our cities than we get from the winds.

    282. Re:Interersing trend... by indi0144 · · Score: 1

      So.. wheres my flying car? and Why Japanese keep on trying using water as fuel since we can farm Pixies? And we know Japanese people have no soul [South park Confirmed], but again, if they eat a lot of mushrooms that can still see pixies.. Tell me! Wheres my flying car? :)

    283. Re:Interersing trend... by tomhudson · · Score: 1

      Up here, a liter of gas is currently $1.47. What will happen is that people will move closer to where they work, buy more fuel-efficient cars, and, with the money they save, they'll be able to spend more on other stuff, so their lifestyle will actually improve over time. I'll probably be moving a lot closer to work next month - I'm looking to cut my travel in each direction from 3/4 hr to 5 minutes, which means that I'll be cutting my gas bill by about 80%.

      That's a couple of hundred bucks extra in my pocket every month, as well as about 30 hours a month more free time.

    284. Re:Interersing trend... by tomhudson · · Score: 1

      Gas won't pass $5 per gallon, at least not during the winter. As we approach the turn of the year, fuel oil prices will fall, perhaps drastically.

      The CPI is calculated without factoring in the cost of gas. True inflation has been a LOT higher than what the government figures show with their so-called "core inflation", which also doesn't include another esential - FOOD!

    285. Re:Interersing trend... by tomhudson · · Score: 1

      There's a LOT more than "an article on MSNBC". Try analysts with the various banks, Fannie Mae, etc.

      Having a house and some land as your own is THE American dream to most people. These people (myself included) would never give it up unless forced.

      One word - foreclosure. It's now happening to millions each year, and we're nowhere near the bottom. Maybe 2010, more likely 2011, will be the bottom.

    286. Re:Interersing trend... by tomhudson · · Score: 1

      You know about the "donut effect" - suburbs around an urban core? An exburb is the area outside a suburb, usually developed because land is cheap, not because it's a practical commute to anywhere. Some exburbs become town centers in their own right, others die off and are abandonned, and still others slowly sink into decrepitude.

      There are a lot of McMansions in exburbs; combine the rising house payments, the gas-guzzling SUV financed via a HELOC, the long commute times, the lack of a local commercial base, $5-$6/gallon gas, and you'll see why the "ex" is so appropriate.

      If you doubt, check this out

      Millions in U.S. face energy shutoff

      NEW YORK, April 25 (UPI) -- Large numbers of Americans face the prospect of energy shutoffs during the coming months because of rising energy prices and stagnant wages, officials said. Millions of U.S. consumers are behind on paying their utility bills following a winter in which many struggled to cover the increasing cost of heating their homes, The New York Times (NYSE:NYT) reported Friday, citing energy and utilities officials. The cost of heating oil, propane and kerosene is the biggest problem, officials told the newspaper, but natural gas and electricity prices are also a problem for workers at the lower end of the income scale, who are also struggling with higher prices for food and gasoline.

      ... and here

      An NEADA survey this month shows 8% of four-member households earning $33,500 to $55,500 have had their power turned off for non-payment. "It's hitting people in the suburbs with two cars and two kids," Wolfe says.

      The disconnects are rising as warm-weather power bills increase, some state moratoriums on winter shutoffs expire, and rates are climbing in many states.

      ...

      In Michigan, where home foreclosures are soaring and the unemployment rate is the USA's highest, more than one in five Detroit Edison customers were behind in their electric bills in May.

      We'e talking about the proverbial family with 2 parents and a cuple of kids. 20%. And once you fall behind, its harder to dig yourself out.

    287. Re:Interersing trend... by AmericanInKiev · · Score: 1

      Certainly short-term hoarding can occur; and I think its not unreasonable to conclude that many people in the market are securing contracts for oil far in excess of their future ability to consume that oil. Devices which consume oil can only be built so fast. Even cars, which can be built quickly, consume small amounts of oil per engine, as they are mostly idled. So "Real Demand" for oil can increase only if there is an increase in the production of oil-consuming devices - This means more engine plants or plastics/fertilizer plants - and I have a strong suspicion that there really are not significantly more engines being made today than say two years ago.

      It could reasonably be argued that hoarding is unacceptable behavior in a resource-constrained economy; It can also be expected that those hoarding oil now - and causing economic losses, will be dumping later, and causing even more economic losses. These price swings are not a net-sum gain in which lost jobs are recreated, and lost wages are repaid when the price of oil swings back the other way. Market stability is what is best for the most people. So I would recommend a cap on Hoarding, which would mean that futures contracts must be tied to means of consumption. Airlines would be allowed to purchase only the oil they can consume for example, and Goldman Sachs would not.

      Who knows? Workable?

      AIK

    288. Re:Interersing trend... by Dun+Malg · · Score: 1

      by what mechanism is speculation actually affecting the actual delivery price? I am certainly no expert, but as I have heard it explained, the speculation is driving high prices by increasing speculation. Ever-increasing numbers of investors are flooding the commodities markets, driving up the futures prices above the spot price. Actual oil users are therefore buying on the spot market, at the cheaper price, rather than buying for delivery later. As the contracts come due, the spot price rises because the market is inelastic--- the refiners need the oil. The normal limiter of the spot price is a drop in the futures price--- but demand, in the form of speculators, is pushing it ever higher. For every 10 barrels of oil, there are 12 barrels worth of buy orders. Higher prices aren't pushing investors away With ever-rising profits on the futures market, more and more money is being pumped into it, continuously driving up the price. It's a pyramid scheme, essentially, but with so much money being thrown at it that the price is on a long uphill climb.

      The theory is that at some point, investors won't be able to afford it beyond a certain price, and the futures price will collapse, returning the market to normal.
      --
      If a job's not worth doing, it's not worth doing right.
    289. Re:Interersing trend... by Vastad · · Score: 1

      This reminds me of something my Dad - who is a veteran in the oil industry, 30+ years - always tells people who ask him how long it'll be before we really run out of oil. They are hoping for an 'insider' answer because of my Dad's position. He tells them: "Well that depends on how much you're willing to pay for it."

      His position is that we aren't running out of oil. Not at all. There's at least another 100-200 years of it left at current consumption levels. The real problem is that all the "easy" oil reserves have been tapped. Before we use up all the oil, it's going to get too expensive to get at it.

      My main concern with the scarcity of oil is not its use for transpotation or energy generation, but for plastics and related advanced materials. I'm no materials scientist, but I'm personally more concerned about not having the raw materials for advanced plastics than a fuel source. Who knows how badly we may have shot ourselves in the foot when a vital technology can't progress because we lack a naturally-ocurring hydrocarbon for a specific part? Worse, research can't be affordable because no one can afford to pay for the material in the first place!

      I think the very first entity to really comprehend what I'm talking about will be the military. It's not just that their jets and tanks can't move, its all their technology from the armour a soldier wears to the plastic bracket in a million dollar weapon system. The military is definitely going to feel the pinch and they'll begin demanding confirmed reserves separate from civilian use and that will spur a lot of good debate.

    290. Re:Interersing trend... by Maxo-Texas · · Score: 1

      And how exactly is saying "here it comes" getting in your way?

      --
      She was like chocolate when she drank... semi-sweet at first and then increasingly bitter.
    291. Re:Interersing trend... by Copid · · Score: 1

      I am certainly no expert, but as I have heard it explained, the speculation is driving high prices by increasing speculation. Ever-increasing numbers of investors are flooding the commodities markets, driving up the futures prices above the spot price.
      I'll admit that I haven't been following the relative prices too carefully, but it looks to me like the spot price during the run up has generally been higher than the futures price. If the stories people are telling were true, I'd expect a large run up in the price of futures relative to the spot price, closely followed by a run up in inventories. Neither of these things seems to be happening.

      As the contracts come due, the spot price rises because the market is inelastic--- the refiners need the oil.
      This is where I'm having trouble swallowing the speculation part of the story, then. If the contracts are held by speculators who have no intention of taking delivery of the oil, they have to sell all of those contracts that they were hoarding, resulting in contracts with close delivery dates flooding the market. The only way that I can think of for those speculators to keep the price high would be to eat it and take delivery of the oil and store it somewhere. Since that's not the case, we'd expect to see high long-term prices and low short-term prices (with all of the speculators not only losing their shirts but continuing to pump money into the system). If the speculators are actually getting a higher price than they paid for the contracts, then it's real demand that's driving the price and what we're seeing is the actual market clearing price.

      The story only works out if the futures price is high relative to the spot price and people are hoarding physical oil rather than consuming it. The data doesn't seem to support either of those claims. It sounds to me a lot more like wishful thinking on the parts of our leaders. The people who are sounding the "hang the speculators" bell the most loudly are politicians looking for a scapegoat. They're telling a story that people want to hear, but I don't think that it's one that accurately reflects the data.
      --
      An interesting anagram of "BANACH TARSKI" is "BANACH TARSKI BANACH TARSKI"
    292. Re:Interersing trend... by Maxo-Texas · · Score: 1

      You have a good point that less population could mean less advancement because the odds of having a one in a billion brain is now up to about 670% per year.

      Your suspicion is incorrect however.

      --
      She was like chocolate when she drank... semi-sweet at first and then increasingly bitter.
    293. Re:Interersing trend... by Maxo-Texas · · Score: 1

      Jlarocco.

      Look at the post about the price of oil and how it fell from $34 to $10 and STAYED there for most of a decade.
      The only reason you think it is stupid is that you do not understand due to ignorance. Ignorance can be cured by education.

      Right now many alternative sources of energy are available that cost less than $130 a barrel. But they require LARGE investments. The day of kicking in $1,000 to start something up are gone. A single wind turbine is a 150-250 foot tall tower with multiple 70' long blades. That takes a looooong time to build, a lot of VERY expensive tooling.

      So right now, Jlarroco, are you willing to invest your retirement savings in alternative energy which requires $101 oil to be profitable? Because the rest of the people with big money are not. They expect prices *could* (not will) drop back to $70 for a few years which would result in bleeding money for several years.

      Governments subsidizing an energy type directly may or may not work- it helps some in the very early stages. However, providing a *stable* price environment that investors can count on for the next 10 years is much better once you get past the development stage.

      --
      She was like chocolate when she drank... semi-sweet at first and then increasingly bitter.
    294. Re:Interersing trend... by Maxo-Texas · · Score: 1

      People switching to mass transit.
      People carpooling and cutting the number of cars on the road by 1/4 overnight
      People reducing gas usage by 4% in the most gas intensive using nation in the world in one frikkin month.
      People moving from 60 miles from work to 6 miles from work (and riding a bicycle for cripes sake).
      People over night getting rid of their trucks and trying to get prius (there are *none* for sale in my state right now-- they don't even list prices on the web site- you may what the dealer wants when they get one-- meanwhile $50k trucks are selling for under $30k-- over $20k OFF which is insane since $20k would buy a LOT of gasoline).

      Supply vs demand...

      And the demand drops permanently every day oil is above $100 a barrel.

      It's okay- I get it, you are mostly young hyper types while I'm turning in a crusty old fart that tells you to "Get off my lawn!"

      --
      She was like chocolate when she drank... semi-sweet at first and then increasingly bitter.
    295. Re:Interersing trend... by Dun+Malg · · Score: 1

      If you're a speculator, you likely have no interest in taking delivery of any oil. You'd rather offload that contract to somebody who will actually use the oil. At that point, the price is determined by what oil consumers are actually willing to pay for the oil. If the market is all speculation, odds are pretty good that you'd lose your shirt in that transaction. Except that oil consumption by refiners is largely inelastic. They can't just flip speculators the bird and tell them to take delivery of the oil themselves, because the price on the futures market is actually higher. The oil refiners, who used to buy mostly from the long end of the futures market, are being increasingly driven towards the spot market, pushing the spot price high enough to fuel further speculation on the futures side. Repeat until demand drops or supply increases enough to bring the future price back below the spot price.

      I'm not sure what Krugman is getting on about with comparing the futures market to betting. He's right when he says placing a bet doesn't affect supply and demand, but the market isn't just betting. Buying futures actually reduces the market availability of those futures in the face of hordes of other investors looking to turn a quick buck after a ruinous downturn in the real estate market. $10mil chasing 100K barrels of oil will very shortly drive the price up to $100. 3 months later, when it sells for $11mil, it then becomes $11mil chasing 100K barrels of oil. Even if the original speculator decides to take profits and bow out, there are three more speculators watching, waiting for their turn to make 10%. This won't stop until either A) demand drops enough, or B) supply rises enough to push the spot market below the original futures price. This will ruin a few large investors and spook the futures market, dropping it back down below the spot price, where it "normally" lives.
      --
      If a job's not worth doing, it's not worth doing right.
    296. Re:Interersing trend... by Maxo-Texas · · Score: 1

      The chinese and indians can't afford $130 a barrel oil any more than the US.

      Something like 15% of people making up to $50k a year are having their electricity and gas cut off now because they can't afford to live.
      Gasoline is taking up to 10% of some people's pay. People in India and China were getting subsidized gasoline but India stopped and China greatly reduced that subsidy because it is too expensive to maintain when you have a billion people in your population.

      You are assuming the market is perfectly responsive and it is not. People in the US will use less oil for at least the next 6 years because of these $130 prices. Those who moved 60 miles closer to work will remain closer potentially for a couple decades.

      Prices move around- they over and undershoot. You are parroting the popular wisdom. You might be right-- I might be wrong.

      Based on my experience in various markets, I think everyone is behaving hysterically and are mistaken. Which is okay- they were acting like clueless idiots when they all went to 13mpg cars too.

      I've seen so many frikkin "The sky is falling, the US is DOOOOOOMED" in my lifetime it gets a bit tiresome. As I said elsewhere, yes we are doomed- the population is getting out of hand. But before oil really runs out, we will have a few years of $60 to $70 a barrel oil again.

      --
      She was like chocolate when she drank... semi-sweet at first and then increasingly bitter.
    297. Re:Interersing trend... by Dun+Malg · · Score: 1

      I can't say that I'm keeping track of oil inventories too closely, but I haven't heard anything about any such growth. If the only thing that's changed is the quantity of investment money chasing after a relatively fixed amount of oil production, why would inventory increase? So long as the increased cost can be pushed onto end users and the end users maintain their consumption levels, where would the extra oil to stockpile come from? The oil is just going through the hands of more middlemen, essentially.
      --
      If a job's not worth doing, it's not worth doing right.
    298. Re:Interersing trend... by Dun+Malg · · Score: 1

      the price in the other market should stay relatively low unless somebody is hoarding the oil so it never makes it into the second market. You seem to be under the impression that the only way to drive up the price on the spot market is to reduce the supply through hoarding. Oil refiners buy the oil no matter what the price is because the market is essentially inelastic. If they were buying X amount at $70/bbl, they're not going to suddenly going to say "screwit, we're only buying (X/2) at $140/bbl". They buy it at whatever the best price is, and charge the end user accordingly. Oil flows through the system at the same rate as always--- there are just more dollars fighting over the middleman position, driving up the price.
      --
      If a job's not worth doing, it's not worth doing right.
    299. Re:Interersing trend... by Copid · · Score: 1

      Except that oil consumption by refiners is largely inelastic. They can't just flip speculators the bird and tell them to take delivery of the oil themselves, because the price on the futures market is actually higher.
      That's half of the equation--and a very important one. Demand for that oil is highly inelastic. But what is the elasticity of the supply? Assuming that your model of a speculator is one who cannot take delivery of the oil, then once you reach the spot market point where the contracts come due, the speculators' supply curve should be completely vertical. They have to dump the contracts at any price the equilibrium quantity dictates, and what's the quantity? The physical quantity of oil.

      I wish I could draw graphs here, but I can't, so I'll try to describe what I'm thinking as best I can. Since we have a few outstanding posts in with each other, I'll put the relevant response here:

      With a simple market direct from the producer to the consumer, you'll have your standard supply / demand curve pair making a nice X with an equilibrium quantity that results in all of the oil that was pumped being burned. If you take that supply curve and replace it with the vertical supply curve that a bunch of speculators generate on the spot market, you'll end up with an equilibrium that's dictated by the fact that Q stays the same. The only way to bump that price up is if Q is reduced.

      I'm not sure what Krugman is getting on about with comparing the futures market to betting. He's right when he says placing a bet doesn't affect supply and demand, but the market isn't just betting.
      His point has to do with that supply curve going vertical on the spot market. It's the discovery point at which all speculation is reconciled with reality--the fact that Q is fixed by physical reality and the demand curve hasn't moved. There's no question that the price of futures can jump all over the place as long as the people supplying those futures on the market have the option not to sell them.

      The supply curve in that case can change shape and shift back and forth and drive P and Q all over the place without any change in demand. Once you get down to the spot market, those facts change if the suppliers are speculators. Once that happens, Q is no longer "number of oil futures" but rather "barrels of oil" and barring a shift in the demand curve, the only way to change the equilibrium price on the spot market is to change the amount of physical oil moving through the system.

      Unless my analysis on that front is broken somehow, Krugman's model described here seems to be a good description of what happens.

      I see what you're saying, and it makes intuitive sense, but I can't get the quantities to work out in a sensible model. I keep coming back to what seems obvious: Unless demand shifts, the only way to change the price is to change the supply curve and the equilibrium Q. How do you do that without changing the amount of oil pumped out of the ground or hoarded by the few entities that can afford to do so?
      --
      An interesting anagram of "BANACH TARSKI" is "BANACH TARSKI BANACH TARSKI"
    300. Re:Interersing trend... by jlarocco · · Score: 1

      Look at the post about the price of oil and how it fell from $34 to $10 and STAYED there for most of a decade.

      Oh, I know. What I don't know is why you think that will happen again.

      So right now, Jlarroco, are you willing to invest your retirement savings in alternative energy which requires $101 oil to be profitable?

      Absolutely. Right now a large fraction of my 401K is invested in companies developing solar and wind power technologies. I'm not the only person.

      However, providing a *stable* price environment that investors can count on for the next 10 years is much better once you get past the development stage.

      Can you point to a single example where government price fixing has been a viable long term solution?

    301. Re:Interersing trend... by Dun+Malg · · Score: 1

      if you're a producer, you also have two options when you pull a barrel of oil out of the ground. You can sell it today on the spot market, or you can sell a futures contract for it and store it until the contract comes due. If the futures price is much higher than the spot price, it becomes worthwhile to invest the money to store the oil. Producers already sell largely on the futures market, under the theory that $60 now is worth more than $65 in 3 months, particularly when the $65 might just turn out to be only $55. The thing about being a producer is, you can sell oil futures without storing the oil in tanks by simply selling a contract on the oil you will be pumping in the future. A barrel of oil you haven't pumped yet is free to store for 3 months until you get around to pumping it.

      That's why I said what I said about inventories: It all makes sense if inventories are going up, because that means that the futures market is affecting the present market by causing suppliers to hoard and reduce the supply. Producers don't "hoard" by building inventory, they do it by reducing production. And middlemen won't hoard unless, as you've said, the cost of hoarding is less than the projected profit. The problem with your fixation on lack of rising inventory (hoarding) is that the margin isn't enough to support tankage expenses. So long as the spot price plus storage cost exceeds the future price, there will not be any hoarding. There is a narrow margin in spot vs. future pricing where the price will continue to rise, yet not rise fast enough to make sitting on the oil profitable.

      Futures traders can really only drive up the price of the futures, and if they do so, the oil consumers will simply stop buying those futures and start dealing in the short term market. Which is what has happened. The spot market oil the consumers(refiners) are buying is now the "futures" oil from several months ago that has passed through the hands of one or more speculators. The heavy activity in the futures market by speculators has driven the refiners to the spot market, which has pushed the spot market to "keep up" with the futures market. There is such demand in the futures market that producers shift "down" to the spot market is having no real effect on the futures price. All it's doing is making more room in the middle for additional people to get their fingers in the pie. If there wasn't this huge pile of investment money shifting away from the stock market and real estate market to the commodities market, the refiners following the cheaper price would cause the futures price to decline. So long as the speculation is convinced that oil is going to continue to go up, it will continue to go up until demand drops or supply increases. The only alternative is if the spot market tightens up because sellers are only selling on the more profitable futures market--something that could definitely happen, but it would be accompanied by an increase in inventories or a decrease in oilfield output.
      --
      If a job's not worth doing, it's not worth doing right.
    302. Re:Interersing trend... by gregbot9000 · · Score: 1

      It's not about one in a billion, it's about spreading it every which way. There are an uncountable amount of research programs going on that delve into every aspect of the universe, there are more research projects today then there were probably scientists in 1890. If we reduced population than research into rare diseases gets reduced because we no longer have the excess population to fund it. Same with mass production, you can't have a bunch of products produced cheaply if everyone has to be concentrated in key industry's just to maintain basic living conditions because the economy's of scale have been reduced by population loss.

      It is as if each person produced 1.1 and consumed 1.0. The more people you get the more you have.

    303. Re:Interersing trend... by Anonymous Coward · · Score: 0

      ANWR is not pristine and beautiful. It's a barren tundra wasteland.

    304. Re:Interersing trend... by zsau · · Score: 1

      Take a look at Australia for a quick contrast. Like America there's no shortage of land — we have the third lowest population density of any independent country according to Wikipedia — but housing is still unaffordable. If in this climate of an overheated economy and soaring interest rates the simple cost of house and land is unaffordable, then there's something wrong with your thesis. (And probably more wrong with local policy.)

      --
      Look out!
    305. Re:Interersing trend... by Ihlosi · · Score: 1
      Say that I created a new energy process that had a 1/1,000,000,000,000 chance of destroying the earth instantaneously but which would provide enough energy to support 20 billion people or let 6 billion people live like kings. Would it be worth using? (The age of the earth is only 4,500,000,000 after all so only a roughly 4.5% chance it would have failed since the earth was created).

      Is that the chance per year ? Because if it is, I'm getting a 99.5% chance of not having a failure in 4.5 billion years.

      Personally, I would say "let's use it". The chances of getting clobbered by an asteroid are several orders of magnitude higher than the chance of that thing failing. And if it fails, there won't be any lawyers involved.

    306. Re:Interersing trend... by Anonymous Coward · · Score: 0

      "banks to loose money" - it's lose, not loose. Loose money is what caused the mortgage problem - banks were too loose with the money they loaned and now they are losing money when people can't pay the increased rates.

      Why do so many people use loose when the correct word is lose?

    307. Re:Interersing trend... by alecwood · · Score: 1

      I'm amazed to hear all you American's complaining about gas prices, I'd love to have your prices here You want to know what really sucks, $11-$12/gallon, the price here in the UK, that really sucks

      --
      Real happiness lies in the completion of work using your own brains and skills.
    308. Re:Interersing trend... by mrchaotica · · Score: 1

      It still requires fuel to make!

      Absolutely...

      Meaning that we still need oil to make it.

      ...WRONG!

      The solution to this is blindingly obvious: run the farm equipment and other production machinery on ethanol* too! Obviously it reduces the net yield, but as long as it's positive it's okay (and if it weren't positive, nobody would consider doing it anyway).

      Also, even E85 is 15% gasoline

      And 85% is a lot! Besides, that's where my "gasoline synthesis" idea comes in.

      I agree completely! Unfortunately, these types of technologies as well as the ethanol mentioned above are at least decades away.

      Actually, they aren't -- see this other response.

      I say we increase domestic energy production (drill for oil!) and use the revenues from that to fund the research required to speed these technologies along.

      Or we could quit funding the Iraq war for a day or two (and yes, that's hyperbole, but you get my point).

      ...before the oil runs out...

      The problem is not the oil running out, the problem is it becoming too hard to increase production. Even though there would still be quite a lot of oil left, the high cost would cause economic havoc. Considering the skyrocketing prices in the last year, I think this is happening as we speak.

      (*Actually biodiesel, because existing equipment is diesel-based)

      --

      "[Regarding the 'cloud,'] ownership was what made America different than Russia." -- Woz

    309. Re:Interersing trend... by mrchaotica · · Score: 1

      Food has been getting more expensive mostly because of increased shipping costs, not biodiesel.

      --

      "[Regarding the 'cloud,'] ownership was what made America different than Russia." -- Woz

    310. Re:Interersing trend... by hacker · · Score: 1

      "What do we do in the meantime? I say we increase domestic energy production (drill for oil!) and use the revenues from that to fund the research required to speed these technologies along."

      As long as you don't mind continuing to pay $4.50 and up per-gallon of gas. Domestic drilling WILL NOT reduce the current cost of oil by any significant amount. The experts have already weighed in on this and it would reduce the cost-per-barrel by $10.00 at the most. That still leaves us with a barrel of oil that costs 62% more than it costs to produce.

      So if your intent is to get the domestic drilling to provide research revenue, while gas prices continue to rise... I might support that vision. If you think domestic drilling for oil is going to reduce what we pay for oil today, you're misled.

    311. Re:Interersing trend... by Copid · · Score: 1

      The thing about being a producer is, you can sell oil futures without storing the oil in tanks by simply selling a contract on the oil you will be pumping in the future. A barrel of oil you haven't pumped yet is free to store for 3 months until you get around to pumping it.

      OK, so let's think about what that means for a moment: In order to affect the current spot market price, producers have to be cutting their current output. The easiest way to do that is to buy back futures on the spot market so they don't actually deliver physical oil. They'd do that if the price of the futures are higher than the spot market price--in effect they're buying back their own oil and immediately reselling it at a profit. That will not happen if the spot price is higher than the future price, which it was during most of the run up. There was certainly no large incentive for producers to postpone transactions.

      Producers don't "hoard" by building inventory, they do it by reducing production.

      Yes. So:

      1) Where is the evidence of reduced output?
      2) If output is being reduced, what you're seeing is manipulation on the part of producers, not futures speculators. A futures market in backwardation should not cause a supplier to reduce or hoard output. If they're reducing output, they're doing it because they were predisposed to do so regardless.

      There is a narrow margin in spot vs. future pricing where the price will continue to rise, yet not rise fast enough to make sitting on the oil profitable.

      So if nobody is sitting on oil, and the price increase is not being driven by a shift in demand, what phenomenon is changing the equilibrium price of physical oil delivered? You've essentially described a situation in which the supply and demand curves don't move, equilibrium quantity doesn't change, but prices change.

      Which is what has happened. The spot market oil the consumers(refiners) are buying is now the "futures" oil from several months ago that has passed through the hands of one or more speculators. The heavy activity in the futures market by speculators has driven the refiners to the spot market, which has pushed the spot market to "keep up" with the futures market. There is such demand in the futures market that producers shift "down" to the spot market is having no real effect on the futures price.

      The problem with this story is this:

      1) Oil refiner skips buying one oil futures contract in favor of the spot market.
      2) A speculator buys that contract, keeping the futures market at equilibrium.
      2) Down the road when the contract matures, demand on the spot market increases by one futures contract.
      3) Down the road when the contract matures, supply on the spot market increases by one futures contract. This is because in the old equilibrium, that contract was held by somebody who planned to use it. In the new eqilibrium, the contract is held by somebody who absolutely has to sell it, and will sell it at the current market price.

      Essentially, any increase in demand on the spot market will be offset by an equally large increase in supply. Your model seems to assume that not buying a barrel of oil that matures 1 year from now will increase the spot market demand by one barrel today. It won't. It increases the spot market demand by one barrel one year from now. If it did drive the purchaser to today's spot market, your reasoning works out just fine, but it also becomes an example of hoarding.

      In your example, the refiner will buy that oil on the spot market one year from now, but his additional demand for that barrel of oil will be offset by the additional supply of a speculator holding that barrel of oil. Essentially, you're shfiting the spot market supply and demand curves right by one barrel of oil. The only way for that to change is if, w

      --
      An interesting anagram of "BANACH TARSKI" is "BANACH TARSKI BANACH TARSKI"
    312. Re:Interersing trend... by hacker · · Score: 1

      I hope you don't seriously believe that natural gas comes from a barrel of crude. If you do, you need to go back to school and relearn where natural gas comes from.

      To whit... the US buys 20% of its natural gas from Canada, and that 20% is 50% of Canada's output. If we doubled our natural gas consumption to 40%, we would be at 100% of Canada's output.

      But natural gas most-definitely does not come in a barrel. Ever.

    313. Re:Interersing trend... by bobbozzo · · Score: 1

      There was an article in the Orange County Register last week that says traffic here is down, but it's really poorly written.
      First it blames gas prices, and says "traffic was down (about 10%) one day from a year ago, but then two days it was higher (by about 5%) than a year ago", and then they say that maybe it's students on vacation and some other stuff.

      It seems like there's no solid data, or no one is intelligent enough to put it together.

      Personally, I'd blame the vacations, and the extremely hot weather we've had here in the last month... it certainly makes me want to stay in during the day.

      --
      Nothing to see here; Move along.
    314. Re:Interersing trend... by davaguco · · Score: 1

      Please google and research "peak oil" a bit. You will discover this crisis is a lot worse than they have told you. US is doomed. Europe is doomed. Sell your apartments. Buy a small house with a VERY big garden, on a small comunity (but not too small, 5.000 is ok). Learn all about your neighbours, try to establish tight friendly relations with them. Learn how to grow your own food. Install a small wind/solar farm and batteries in your home. Buy all the medicines you can that won't spoil in 5 years. Buy dry food that won't spoil in 2 years. Or else, tell me I'm crazy and just do business as usual. If you work for any private transportation company, however (airplanes, freight trucks) , I would try to find another job.

      --
      Please google and research "peak oil" a bit. You will discover this crisis is a lot worse than they have told you
  2. Yay, Pittsburgh by PunkOfLinux · · Score: 1, Insightful

    Actually, pittsburgh sucks. But this is a good thing, regardless.

    1. Re:Yay, Pittsburgh by arbiter1 · · Score: 1

      yea Pittsburgh sucks (go red wings), but having move jobs coming back to the US is a good thing. which will help the economy

    2. Re:Yay, Pittsburgh by FooAtWFU · · Score: 1

      To the people who enjoyed cheaper steel (useful for all sorts of construction projects, like skyscrapers and bridges, and cars, and...) and to the Chinese steelworkers who will be unemployed (and the people who had come to rely on their employment), and to people in and about Pittsburgh who were not otherwise affected detrimentally by the current state of affairs but will be negatively affected by increased industrial emissions in the area, this is a bad thing.

      I'm part of the at-large public who consumes steel (mostly indirectly via Infrastructure) and I for one am not particularly happy about its skyrocketing prices these days.

      --
      The World Wide Web is dying. Soon, we shall have only the Internet.
    3. Re:Yay, Pittsburgh by FooAtWFU · · Score: 1

      Oh, it will help the local economy of Pittsburgh plenty, but the loss to the rest of the economy will more than offset that. Expensive steel hurts the construction industry, and anyone who uses things which have been constructed. Like, say, buildings. Or web sites that are hosted on computers which are located in data centers inside buildings. Or people who pay taxes to fund the latest municipal light rail project (and hey, those things get federal money, so that's... let me check... just about everyone in the country).

      --
      The World Wide Web is dying. Soon, we shall have only the Internet.
    4. Re:Yay, Pittsburgh by east+coast · · Score: 1

      Uh, guy, the hockey season is over. If you're going to judge our town by our hockey team it's amazing that you have any voice on slashdot. Frankly, me and a bunch of other Pittsburghers wish that the Penguins would just get the fuck out of town.

      --
      Dedicated Cthulhu Cultist since 4523 BC.
    5. Re:Yay, Pittsburgh by xSauronx · · Score: 4, Interesting

      my dad owns a drycleaning plant. steel hangers are one of his biggest supply expenses now. a few years ago a hanger might have been $0.10 or so, then 2 or 3 years ago it doubled overnight to $0.20, and a few weeks ago *that* doubled.

      some of the larger hangers are 50 cents each. 50 cents for a metal coat hanger. he needs several hundred of these in a given week, nevermind the price of all the other supplies going up. it hurts, bad, and he has had to raise prices because of it (though not enough to actually cover the added cost)

      --
      By and large, language is a tool for concealing the truth. -- George Carlin
    6. Re:Yay, Pittsburgh by east+coast · · Score: 1

      The real question is if it's going to cost any more or less from Pittsburgh (Assuming that they're Chinese hangers). And if it is the same price is it worth it to support fellow Americans?

      --
      Dedicated Cthulhu Cultist since 4523 BC.
    7. Re:Yay, Pittsburgh by homer_s · · Score: 2, Insightful

      You can thank Uncle Sam and the protectionists for that one. Read more.

    8. Re:Yay, Pittsburgh by John_Sauter · · Score: 4, Interesting

      my dad owns a drycleaning plant. steel hangers are one of his biggest supply expenses now. a few years ago a hanger might have been $0.10 or so, then 2 or 3 years ago it doubled overnight to $0.20, and a few weeks ago *that* doubled.

      some of the larger hangers are 50 cents each. 50 cents for a metal coat hanger. he needs several hundred of these in a given week, nevermind the price of all the other supplies going up. it hurts, bad, and he has had to raise prices because of it (though not enough to actually cover the added cost)

      Perhaps your dad could provide a discount for customers who provide their own hangers.

    9. Re:Yay, Pittsburgh by PunkOfLinux · · Score: 1

      Wtf? You think I mean hockey? Hell no. I mean your city. Your CITY sucks. Erie ftw!

    10. Re:Yay, Pittsburgh by east+coast · · Score: 1

      I wasn't replying to your post.

      --
      Dedicated Cthulhu Cultist since 4523 BC.
    11. Re:Yay, Pittsburgh by Ortega-Starfire · · Score: 1

      Goddam. I really wish you guys would actually put that stuff on signs or something for your consumers to read.

      Now I have to scrounge up the 600 hangers I have lying around from dry cleaning over the years and drop them off at my local cleaners. BRB.

      --
      ---- Liquid was a patriot ----
    12. Re:Yay, Pittsburgh by xSauronx · · Score: 2, Insightful

      several customers recycle the hangers, usually it takes work to sort through them and pick out the ones that are worth keeping (ill say ~%70 are worth keeping, of 200 or 300 that are turned in each month)

      we offer discounts so that no customer has to pay the full price.punch-cards, law enforcement/military discount, state employee, senior citizen, so i dont think hed opt for offering another discount.

      --
      By and large, language is a tool for concealing the truth. -- George Carlin
    13. Re:Yay, Pittsburgh by JustCallMeRich · · Score: 1

      Or put a deposit on them.
      Or hang a sign "we buy hangers - .10 each".
      Or offer a hanger free 'folded' option.
      Or get a teenage girl to paint and decorate a few to sell as '$5 designer hangers' to help offset the cost.
      Or get aunt Sally to crochet some yarn around them like my grandmother did and sell them as '$5 cozied hangers'.

      Etcetera

      Seriously - Hope these ideas help. Pass them on. Especially the "we buy hangers" one. I have a bunch around here I'd turn in today for a few bucks.

      --
      http://Communityville.com - A free place for new and old neighborhood webmasters to hang out.
    14. Re:Yay, Pittsburgh by Bill,+Shooter+of+Bul · · Score: 1

      Wire hangers?!? No joke? I guess most slashdotters don't have girl friends. Or at least not the type that would make a joke about wire hangers.

      --
      Well.. maybe. Or Maybe not. But Definitely not sort of.
    15. Re:Yay, Pittsburgh by Anonymous Coward · · Score: 1, Insightful

      Maybe it's time to recycle them: let save to the customer the $0.40 if they return them back.

      It works this way in the old Europe for basically any item of this sort: beer's pints, milk bottles, plastic bags, etc..

    16. Re:Yay, Pittsburgh by SaintOfAllChucks · · Score: 1

      Really? Erie? Outside of Railbender beer and GE Transportation, what exactly is in Erie except for a lake that caught fire?

    17. Re:Yay, Pittsburgh by RevWaldo · · Score: 1

      How about some type of deposit/buyback/recycling program, to get the hangers back from the customers? Push it as a "green" program to the customers and it'll help assuage their guilt for using dry cleaning in the first place.

    18. Re:Yay, Pittsburgh by Anonymous Coward · · Score: 0

      at what point do you go to plastic hangers? I'd imagine 40cents a pop would be a good time.

    19. Re:Yay, Pittsburgh by Dark_Gravity · · Score: 1

      Erie ftw!

      Ah, yes, the mistake on the lake!

      Pittsburgh is cool. Luke Ravenstahl is a tool. Don't forget it.

    20. Re:Yay, Pittsburgh by Anonymous Coward · · Score: 0

      You would think this would encourage him and his customers to reuse the hangers. Can't he knock 50 cents off the cost of cleaning each item for customers who return the hangers from their previous visit?

    21. Re:Yay, Pittsburgh by drsquare · · Score: 4, Insightful

      Then maybe if steel gets high enough, your dad might stop pointlessly giving away an endless supply of free hangers that end up in the trash. A principle of consuming only what you need, rather than all you possibly can. But then this sort of thing is well overdue.

    22. Re:Yay, Pittsburgh by NevermindPhreak · · Score: 1

      I have to point out the flaws in that one. Part of the reason we don't make nearly as much stuff anymore is because of the lack of tariffs, which have been taken away in the last few decades. A return to higher tariffs would be just fine in my book, because it would mean that more of our stuff would be produced *here*, in the US. Which would mean more jobs.

      The idea of a "service" economy is a joke. Betty pays John for fixing her car, John pays Betty for his dental work... until someone buys an item, and the money goes out of the country, and doesn't come back. We have to *produce* things here, and tariffs help "protect" that, and have done so for the last couple centuries. It's what helped bring us into superpower status.

      Add to the equation the fact that the dollar is dropping. Everything that comes from outside the US is going to go up in price. And right now, pretty much everything we buy comes from outside the US.

      Read more.

      (Of course, a falling dollar does have its benefits. It makes the US more "protectionist" in that it makes the products we do make, seem cheaper in the world economy.

    23. Re:Yay, Pittsburgh by Anonymous Coward · · Score: 0

      Then stop handling the hangers away to your customers... Or include that expense in the retail price.

    24. Re:Yay, Pittsburgh by homer_s · · Score: 3, Insightful

      I have to point out the flaws in that one. Part of the reason we don't make nearly as much stuff anymore is because of the lack of tariffs, which have been taken away in the last few decades. A return to higher tariffs would be just fine in my book, because it would mean that more of our stuff would be produced *here*, in the US. Which would mean more jobs.

      I completely agree. In fact, I want individual states to have tariffs. Can you imagine all the 50 states having their own chip fabs? Imagine the number of jobs created!
      Why stop there? Let each city slap tariffs on products from other cities. This will mean more jobs. It could be just like the 1600s with each village making *everything* that they need locally. This way, money will not leave the village and, since money means wealth according to your theory, this will mean everyone will be much richer.

      Actually, here is a great way to increase the number of jobs.

    25. Re:Yay, Pittsburgh by CmdrGravy · · Score: 1

      Or give your customers the choice of no hangars or an extra 50cents with a hanger. I bet most find the hangers a nuisance as it is.

    26. Re:Yay, Pittsburgh by ArsenneLupin · · Score: 1

      Frankly, me and a bunch of other Pittsburghers wish that the Penguins would just get the fuck out of town. Why do you hate Linux so much?
    27. Re:Yay, Pittsburgh by bryce4president · · Score: 1

      Or an incentive for them to return their hangers, such as $.40 off each garment with a returned hanger?

    28. Re:Yay, Pittsburgh by east+coast · · Score: 1

      I don't know if this is all it seems to be but: Free paper hangers.

      Again, I know nothing about it, or the business really. So it may be completely wrong for what your needs are.

      --
      Dedicated Cthulhu Cultist since 4523 BC.
    29. Re:Yay, Pittsburgh by Sethus · · Score: 1

      You know that's one of the original reasons we went from the Articles of Confederation to the Constitution?

      One of the articles under the constitution has the Federal Government to dictate inter-state finances, and this is the reason; because initially under the AoC states would increase tariffs like mad to help their local farmers or whatever have you. And you point out the flaw perfectly, no money would move around and certain states would probably flourish and others would get hammered because they can't supply everything for themselves.

      --
      Posting with out proof reading since 2001.
    30. Re:Yay, Pittsburgh by Kevin72594 · · Score: 1

      Add to the equation the fact that the dollar is dropping. Everything that comes from outside the US is going to go up in price. And right now, pretty much everything we buy comes from outside the US. Isn't this going to have the same effect of putting a tariff on the goods? In today's world if it's cheaper to get goods from outside the country, we should get them outside the country. That is how the economy works.
    31. Re:Yay, Pittsburgh by Anonymous Coward · · Score: 0

      Uhm... tell your dad to give a price break to customers that bring back there hangers?
      Recycle localy is a very good option in almost all cases.

    32. Re:Yay, Pittsburgh by kabocox · · Score: 1

      some of the larger hangers are 50 cents each. 50 cents for a metal coat hanger. he needs several hundred of these in a given week, nevermind the price of all the other supplies going up. it hurts, bad, and he has had to raise prices because of it (though not enough to actually cover the added cost)

      Damn, the price has gone up. I was going to joke and ask why he didn't switch to plastic hangers. Well, the price of plastic hangers through walmart's website was about $1 each. Damn. Last time we bought plastic hangers from walmart we could get a 24 pack for $1.

    33. Re:Yay, Pittsburgh by SydShamino · · Score: 2, Interesting

      Your sarcastic reply neglects to mention that most Americans are free to move around the country to find the jobs in their field, but most Americans aren't free to immigrate to India or China or Malaysia to keep their job.

      As long as labor can't flow as freely as jobs can, there's a place for tariffs.

      --
      It doesn't hurt to be nice.
    34. Re:Yay, Pittsburgh by Thelasko · · Score: 1

      steel hangers are one of his biggest supply expenses now. Encourage customers to return them. I don't think customers understand your problem. Something as simple as a bin or rack at the front of the store and a sign. (ok, it's a cleaning plant not a storefront, but you can encourage the storefronts.)

      I only recently began returning the hangers. I never thought of it before my fiancee brought it to my attention. I didn't know they would take them back. I figured it was some sort of hygiene thing.
      --
      One of our competitors trademarked the term "hypothesis". From now on, we will call them "boneheaded ideas".
    35. Re:Yay, Pittsburgh by penguin_dance · · Score: 1

      As long as labor can't flow as freely as jobs can, there's a place for tariffs.

      Not to mention that the conditions under which a lot of these laborors work in those countries would be illegal over here. It's impossible to compete with what is essentially slave labor. And with the problems and dangers we've encountered recently with Chinese goods, I don't know why we need to be doing business with them. We can slap the hand of the importer, but have no control in going after the manufacturer or wholesale product supplier.

      Now, if and when the Chinese start being seriously affected I'll bet they'll start clamoring to the UAE to increase oil flow. That and their increase in oil usage.

      --
      If you've never been modded as "flamebait" or "troll," you've never tried to argue a minority viewpoint here!
    36. Re:Yay, Pittsburgh by Dzimas · · Score: 1

      You dad needs to figure out a way to encourage people to reuse metal coat hangers. I bet that offering a 25 cent discount would do the trick. Everyone would "save" money.

    37. Re:Yay, Pittsburgh by penguin_dance · · Score: 1

      I usually drop off a bunch where I get my clothes done. I don't need them and if they can reuse them, more power to them. It's better than me having to bundle them up for the trash pick-up.

      Maybe dry cleaners should let their customers know that they can reuse the hangers. I'll bet most people don't know they can be reused.

      --
      If you've never been modded as "flamebait" or "troll," you've never tried to argue a minority viewpoint here!
    38. Re:Yay, Pittsburgh by uglydog · · Score: 1

      So then if we recycled the hangers, both the dry cleaner and the customer would win, right? Customer gets cheaper service, dry cleaner gets higher profit margin. None of my dry cleaners ever suggested this and I thought I was being el cheapo by asking. Maybe I'll try it.

    39. Re:Yay, Pittsburgh by penguin_dance · · Score: 1

      Oh, it will help the local economy of Pittsburgh plenty, but the loss to the rest of the economy will more than offset that.

      No, the problem is the construction industry has gotten use to using substandardly paid labor (and often a lesser quality product). This is just starting to level the playing field. It's a matter of do you want higher priced steel from China because of shipping costs or paying higher prices (but not as high) for labor here? Someone else mentioned about all the poor unemployed Chinese. Well I care a hell of a lot more about unemployed Americans.

      A boost to one area of the economy != decline for everyone else. This effect is not in a vacuum. It affects all manufacturing. What did we do before we exported all those jobs? We had a robust economy! Because this is not going to be about just steel, it's going to be about clothing and furniture and all kinds of other products. And because people will be working, salaries can rise instead of fall which will give more people more purchase power.

      What's going down? Well the stocks will probably decline for awhile because the companies are not raking in the huge profits they once were, but even that will settle. The "bungee" CEOs that seem to rotate from company to company won't be able to command the huge salaries and bonuses. Which would be another plus in my thinking.

      --
      If you've never been modded as "flamebait" or "troll," you've never tried to argue a minority viewpoint here!
    40. Re:Yay, Pittsburgh by Anonymous Coward · · Score: 0

      Or charge a deposit to get people to return them, and if they don't he keeps the deposit and uses it to buy new hangers.

    41. Re:Yay, Pittsburgh by Cajun+Hell · · Score: 1

      But this is a good thing, regardless.

      WTF? Things getting more expensive, is a destructive thing. Remember that we started moving jobs out of Pittsburgh because it saved us money -- it benefited us (or at least we decided that it did) when we chose to spend less money by buying imported stuff instead. Now that savings is going away.

      Opportunities will appear for some people (e.g. Pittsburgh residents), so you'll be some localized examples of it appearing to result in an advantage, but overall, we overwhelmingly lose.

      This is a bad (though inevitable) thing.

      --
      "Believe me!" -- Donald Trump
    42. Re:Yay, Pittsburgh by Anonymous Coward · · Score: 0

      r u chinese ??

  3. I am more concerned about the distance... by clonan · · Score: 2, Interesting

    from my home to my office....when will my company start teleworking as an option!

    But US jobs and stable prices despite the raising fuel costs is great news!

  4. Telecommuting by BWJones · · Score: 4, Insightful

    Now if companies would pull their heads out and either/or/both go to a 4 day work week and re-implement telecommuting...

    --
    Visit Jonesblog and say hello.
    1. Re:Telecommuting by paroneayea · · Score: 1

      Oh yeah? And on that note, why not telecommute from India?

      This helps bring blue collar jobs back home. That doesn't say anything about programming, or graphic design, or any of the jobs that most people who visit here probably have or want.

      --
      http://mediagoblin.org/
    2. Re:Telecommuting by dada21 · · Score: 1

      My employees are allowed to work on their own schedule (start late, leave late, start early, leave late). I have one full timer who only works 3 days per week, all contract work, and he's leaving his house at 5am, taking an hour for lunch, and leaving the client's around 7pm. He puts in 34-38 hours a week on average, avoids traffic, and only has 6 trips per week for work.

      My competitors, on the other hand, are still forcing their employees in at 8, out at 5, and running 5 day weeks. Ridiculous.

    3. Re:Telecommuting by Shados · · Score: 3, Insightful

      Telecommuting is great, IF most of your employee base has a high level of experience and is responsible. In this day and age, thats the minority though... I've worked for a small-ish company who did it, but they lucked out big time on the quality of their employees. As for 4 day weekends...considering fridays don't even count as it is for a lot of people because its the "last day of the week", when you cut it to four, its even worse. Again, worked for a company who did that...nothing was getting done. It can work, but you need one hell of a nice corporate culture and good employees to do it. Not for everyone, definately.

      And for doing 4 days but more hours each days to compensate...again, very, very few people can be efficient at their job for more than like 6 hours, nevermind 9-10.

      These are things that work well in a small company of "special" people who can take it...but people who can take it are quite rare...even though many would pretend otherwise and lie to themselves about their own limits.

    4. Re:Telecommuting by Shados · · Score: 1

      Nice freudian slip (start early, leave late, is what you said).

      8 to 5, 40 hours days... I had to do that once. From my experience, less than 5% (and I'm being generous, though keep in mind thats for software development, millage may vary in other fields) of people can sit in front of a computer that long and be productive... When I worked for a company who did that, projects were easily 100-200% late when compared to the initial estimates (and the estimates were VERY conservative). Inefficient as all hell. 30 people working, and honestly, with 4 people on a regular, more permissive schedule could have done as much work in the same amount of days. It was totally rediculous. Now, I refuse those hours systematically.

      Now I do 5 days a week, but 35 hours (so 9 to 5 with 1 hour lunch, more typical stuff), and I'm allowed to come in and leave whenever I want (as long as it totals 35 hours + lunch), and projects really purr along, in comparison. Crazy what 1 hour a day can do.

    5. Re:Telecommuting by Anonymous Coward · · Score: 0

      I know I am in the minority, but I've been telecommuting for the past 5+ years full time and I actually work for a Fortune 10 company. Yes, Fortune Ten, not 100 or 500.

      I definitely get tons more work done this way than I ever did from an office. Plus the flexibility to run errands when ever I want, or catch a movie over lunch.

      I could get higher pay elsewhere, but this is one heck of a perk I'd hate to lose.

      BTW, I am a technical lead who has managed up to 13 people at one time -- all of us remote.

    6. Re:Telecommuting by schnikies79 · · Score: 1

      Not all of us have desk jobs. Thanks.

      --
      Gone!
    7. Re:Telecommuting by Anonymous Coward · · Score: 1, Insightful

      Unfortunately attempting to bill clients higher hourly fees so that your staff can work less hours on the grounds that they'll do more in the hours they work is a pretty hard sell.

      Personally I think it's a good way to go, but it doesn't strike me as something a conservative un-trusting executive management type would go for.

      maybe that's just where I work though

    8. Re:Telecommuting by lena_10326 · · Score: 4, Informative

      I think telecommuting only works if your entire team telecommutes because if you stay home and your teammates go to the office you will gradually suffer the appearance of declining performance, at no fault from you.

      I've seen that happen because if you're not there when the execs ask the team for advice, you don't get asked and don't get a boost in perceived value. You won't get invited to adhoc meetings and you'll miss all those water-cooler conversations. You also don't get invited to lunch with the team or the management, which often spread news regarding the project, so when you actually do show up to a planned meeting, you'll appear extremely unprepared because you missed all those casual details. You also don't get the special projects handed out at a moment's notice, which generally saves someone's ass gaining you another supporter. Volunteering for those special projects makes you look like a go-getter, but you'll be completely bypassed because you weren't there to raise your hand. Also, if your teammates work late, it's assumed you're not. If they can't see you putting in extra time, you gain no benefit from doing such. You will watch helplessly as your teammates slowly rise in ranks. They will receive the flagship projects to work on, while you get handed the maintenance projects, which only buries you deeper because you have no chance to shine on those projects. Your teammates will be recognized every time they complete something, which will never happen on on your crappy maintenance project.

      I worked at a job in which every member of the team was remote, and it worked out very well, but once the team was consolidated in the office, the stragglers had a difficult time proving they were working as hard as the ones showing up in person. I watched previously great workers drift off into mediocrity because they suffered declining perceived value by management.

      But, like I said earlier. I think it works if everyone does it, but not if 1 or more teammates don't.

      --
      Camping on quad since 1996.
    9. Re:Telecommuting by clevguru · · Score: 1

      Most companies are in fact implementing either some kind of alternative work week or telecommuting for those workers it makes sense for such as IT support staff and Customer Service here in Cleveland.

    10. Re:Telecommuting by jellomizer · · Score: 1

      I fail to see the value of working in a fortune 10 company. I have done work in a Fortune 5 company. And they run things more stupidly then elsewhere. Look for the small companies there you will see innovative work. Small companies are flexible and think about the big picture before spending.

      Telecommuting has some problems you may think you are much more productive however you are missing social interactions between the workers and management. You are more like a computer program then a person to them. This may sound like productivity killers but what it does is help you get a better feeling on what needs to be done, pick up non-verbal communication. So I will assume you are a computer programmer (it could be something else, I really don't care just illustrating a point) but without the human interaction you will just be stuck as a programmer, moving up to developer/designer/architect will be near impossible as a telecommuter, as you need proven good social interaction skills between the client/other units and yourself. Right now this is very difficult to achieve telecommuting.

      --
      If something is so important that you feel the need to post it on the internet... It probably isn't that important.
    11. Re:Telecommuting by Anonymous Coward · · Score: 0

      It's kind of hard to telecommute when you are a steelworker

    12. Re:Telecommuting by GeckoX · · Score: 1

      Depends on the place of work.
      At the last place I worked, I telecommuted for 4 years of the 8 I worked there. I did make the trip in to the office two days a week, but worked from home the rest. For 3.5 years this worked great. Manager kept me in the loop. I worked hard to keep up communication with the rest of the team, and they reciprocated in kind. It was very obvious to all that this situation worked very well, and that I actually put in a lot more hours and was a lot more productive because of it.

      Unfortunately, my manager was actually a senior dev/architect that was forced into the management role and it was not his forte across the board. He ended up being expected to fill 3 hats, and upper management sacked him when he wasn't able to deliver 110% in all 3 roles.

      So, they replaced him with a 'true' manager, with zero technical skills or background. From day one, the guy refused to work with my situation, and constantly undermined my relationship with the rest of the programmers. Regularly scheduled meetings on days I wasn't in without informing me or conferencing me in in any way. Despite this, I still completed huge amounts of work and was still able to work with and mentor the other programmers. He had me canned before he'd even been there 6 months.

      Stupid move on the companies part, they lost 1/3 of their dedicated long-term employees over that 6 months and subsequent year. They still haven't recovered and from what I know, moral is simply pathetic now.

      So, in my experience, telecommuting can work very very well, but only as well as your manager will allow it to. Bad manager? Don't even bother trying.

      --
      No Comment.
    13. Re:Telecommuting by Anonymous Coward · · Score: 0

      Because when you call India during EST work hours it is after 9pm there. Had to do one interview with a potential programmer there who had to pull over and yell over the traffic on his cell phone.

    14. Re:Telecommuting by steveo777 · · Score: 1

      My company has moved to four day work weeks. The problem is they want you to work shifts that no one with a family could ever do. I could easily work 0700-1730, but they are saying the only way to do it is 1000-2030. They figure they make more money with us working later, the lights can be off and the A/C cost is lower. I'm pretty sure it's just so they can say to the public "We're green, we let our employees do 4 10's.." Jerks...

      --
      This sig isn't original enough, it's time to come up with something witty...
    15. Re:Telecommuting by smellsofbikes · · Score: 2, Informative

      I worked for a company that ran overlapping 8/5, 10/4, and 12/3 shifts. They did productivity measurements per hour, which they could do very accurately since we were largely manufacturing, some design. Their claim was that they saw almost no drop in productivity at 10/4 compared to 8/5 (and, in fact, saw better productivity on the last scheduled workday) and saw very slight drops in productivity in the 12/3 shift compared to the 8/5. However, what they *did* see was significantly more mistakes after about 7 hours for all three workschedules, increasing with the time spent. They ended up cutting the 12/3 because they said it wasn't cost-effective, but the 10/4 was still a winning proposition for them. It's probably much more of an issue for high-value production (engineering, for instance.)

      --
      Nostalgia's not what it used to be.
    16. Re:Telecommuting by lena_10326 · · Score: 1

      Management has to value and want to make telecommuting work.

      In the company I mentioned, it was also a case of mismanagement, but it was due to not being able to make the team work with some members being in office and some remote. The desire was there, but the understanding was not. Everyone has to work harder to maintain communication lines and keep people in the loop, which wasn't done.

      It helps to be orderly with meetings also. We frequently had unplanned meetings so it was impossible for telecommuters to get into the office in time. Management always copped the attitude "we'll fill them in later" or "we'll just get them on speaker", but that was often hit-or-miss.

      --
      Camping on quad since 1996.
    17. Re:Telecommuting by Anonymous Coward · · Score: 0

      why? so they can move non-manufacturing jobs overseas?

    18. Re:Telecommuting by jez9999 · · Score: 1

      8 to 5, 40 hours days... I had to do that once.

      Geez, that's tough. Not only do they expect you to work long hours, they actually expect you to extend the length of a day by 26 hours! Who was this employer??

    19. Re:Telecommuting by jez9999 · · Score: 1

      Your company talks in terms of hours to its clients? That's a marketing 101 no-no; you bill for chunks of work if you're delivering a project, not in terms of hours.

    20. Re:Telecommuting by Anonymous Coward · · Score: 0
      very few people can be efficient at their job for more than like 6 hours, nevermind 9-10.

      Good point. I've got an hour left in my 8-hour day, and I've stopped working and started reading Slashdot. It's a rare day I do more than 6 hours of real work. Especially when my boss is telecommuting...

    21. Re:Telecommuting by Shados · · Score: 1

      You tell me!!! You probably heard of him before... totally crazy dude. I think his last name was... err... Slip. Freudian Slip.

    22. Re:Telecommuting by ResidntGeek · · Score: 1

      Why not just say you work for Citigroup? It's not like it reveals any extra information.

      --
      ResidntGeek
    23. Re:Telecommuting by Anonymous Coward · · Score: 0

      ya! Iron workers should be able to telecommute like the rest of the world.

  5. Whacked upside the head ... by Ungrounded+Lightning · · Score: 4, Funny

    ... by The Invisible Hand.

    Adam Smith strikes.

    --
    Bantam Dominique roosters crow a four-note song. Once you've heard it as "Happy BIRTHday" you can't NOT hear it that way
    1. Re:Whacked upside the head ... by gregbot9000 · · Score: 0, Troll

      Damn you free market democracy!!
      High fuel prices driven by a world who wants what America has forcing capitalist bourgeoisie American's to actually reduce overconsumption AND force them to do their own work is great. But without having huge government programs, protectionist tariffs, and excessive regulation, how ever will they make sure they muddle up their economy completely... I mean help the people?

      Lets just pray the monstrous free market disaster doesn't figure out a cure global warming and a way to provide health care, or end poverty. Then I'll never get to help the people with socialism!

    2. Re:Whacked upside the head ... by Anonymous Coward · · Score: 0

      What an asshole you are. You probably left that post thinking how funny you are.

    3. Re:Whacked upside the head ... by da'+WINS+pimp · · Score: 1

      Slap upside the head I can cope, I'm more worried about the nuke from Thomas Malthus!

      --

      "I'm just here to regulate funkyness." - James Gandolfini, as Winston in The Mexican
    4. Re:Whacked upside the head ... by gregbot9000 · · Score: 0, Troll

      I actually left thinking how pathetic I am for posting on slashdot, but then you came along and showed me it's not as bad as trolling slashdot, so my day has picked up quite a bit, thanks :)

    5. Re:Whacked upside the head ... by NoBozo99 · · Score: 1

      ... by The Invisible Hand.

      Adam Smith strikes.

      Hopefully, more like bitch slapped by The Invisible Hand!
      --
      I may not be a smart man, but I know what an inode is.
    6. Re:Whacked upside the head ... by bcnstony · · Score: 1

      This cartoon was prominently displayed on my Economics Professor's door. I think it accurately integrates Adam Smith's metaphor with our current situation.

      Image from cartoonbank.com

  6. Macroeconomics by Citizen+of+Earth · · Score: 5, Funny

    It's almost like there was some kind of invisible hand at work.

    1. Re:Macroeconomics by zxnos · · Score: 1

      ah yes, bigby's invisible hand.

      --
      always mosh clockwise
    2. Re:Macroeconomics by Anonymous Coward · · Score: 0

      I Didn't Know Steve Had Been Away.

      - Peder

  7. Where has Steve Jobs been? by Anonymous Coward · · Score: 0

    The headline mentions "Jobs" (capitalized) so I'm assuming you mean "Steve Jobs"
    Apple computer with Steve at the helm has always been using oil in the form of plastics for their computers, lubrication for moving parts, and the water-repellant factor in all sorts of products. Jobs has *ALWAYS* been at the forefront of oil consumption so it is not surprising that Steve has decided to come home to supervise his company during this high cost crisis brought on by Alberta Sheiks driving their hummers across their cattle ranches.

  8. Except for huge things this is BS by EmbeddedJanitor · · Score: 1
    Sure that's true for very large things and has always been so. People are generally not importing swimming pools from China.

    But with smaller things (refrigerator or smaller) distance transport from foreign lands is pretty low. The cost of shipping a refrigerator across the sea is way smaller than the cost of trucking it across a state. Sure, that shipping cost has gone up, but so has the cost of trucking etc. Sure, those shipping costs have gone up, but by a very small amount relative to the whole product cost.

    --
    Engineering is the art of compromise.
    1. Re:Except for huge things this is BS by AndOne · · Score: 1

      Except... you still have to truck whatever you ship most of the time. So if the price of shipping beats the savings in labor .... trucking doesn't really matter.

      --
      I don't care what you say, all I need is my Wumpabet soup.
    2. Re:Except for huge things this is BS by Anonymous Coward · · Score: 0

      Pools do come from China, at least above ground and in-ground vinyl sided ones. Liners from from China, the pumps are made in China, the piping is made in China, etc.

      (I just replaced the liner in our in-ground and it was from China)

    3. Re:Except for huge things this is BS by Roberticus · · Score: 1

      ...But with smaller things (refrigerator or smaller) distance transport from foreign lands is pretty low. The cost of shipping a refrigerator across the sea is way smaller than the cost of trucking it across a state... And if you don't live in Long Beach or Houston or Baltimore, exactly how is the refrigerator going to get to your house? Won't the shipping cost be that of trucking it across a state (or several states, for those of us in the center of the country) *plus* the cost of getting it from China? If there were a refrigerator plant in our state, the shipping cost would be much lower. It still might not be cheaper (yet) than getting it from overseas, but the higher gas goes, the closer we get to the intersection of the two price lines.
  9. validation at last by AndOne · · Score: 1

    and people thought I was crazy when I said that higher energy costs would be a good thing in the long term.

    --
    I don't care what you say, all I need is my Wumpabet soup.
    1. Re:validation at last by natenovs · · Score: 1

      except globalization is the sole reason for our comfortable living status and swelled middle class. be careful what you wish for.

    2. Re:validation at last by ScrewMaster · · Score: 2, Insightful

      except globalization is the sole reason for our comfortable living status and swelled middle class. be careful what you wish for.

      No, not at all. Economic dominance and a thriving manufacturing sector maintained our standard of living. The global economy did little to help that, and in fact has been much of why that vaunted standard of living has been dropping in the past few decades.

      The number of people who qualify as "middle class" is also not so swelled anymore.

      --
      The higher the technology, the sharper that two-edged sword.
    3. Re:validation at last by Waffle+Iron · · Score: 1

      except globalization is the sole reason for our comfortable living status and swelled middle class. be careful what you wish for.

      When I was a kid, the only thing China attempted to export was Cultural Revolution. Yet somehow the USA still managed to have a comfortable living status and a swelled middle class.

  10. Comment removed by account_deleted · · Score: 4, Funny

    Comment removed based on user account deletion

  11. I was hopeful this would be a trend by Anonymous Coward · · Score: 3, Interesting

    Recently I saw a show that visited Asbury Park in NJ, and it was stated that the slow decline of the park started with cheap airfares. It immediately struck me that this trend should now start to reverse itself, as travel costs are rising while consumer confidence is dropping.

    High gas prices are going to have some bad side effects, but also quite a few good ones. Hopefully, reduced travel will be effected on almost every scale: suburbs will wilt and cities will grow stronger, local foods will become more popular, inefficient business travel will be replaced by online meetings, etcetera. I think most people who have wanderlust aren't going to let higher airline prices stop them, but perhaps they'll take fewer and longer trips in order to reduce expenses - e.g., instead of going to France and Spain on one trip, and the U.K. on another, they'll wait and take a longer trip to visit all three.

  12. Re: piracy by icebrain · · Score: 4, Insightful

    The only problem to solve is that high seas piracy still exists and the US government doesn't want the nebulous "bad guys" to steal a nuclear wessel and reuse its atomic fuel for something nasty. We need to bring back armed merchant vessels... a couple armored .50-cal mounts and a 3-inch gun or two maybe. And give the crew rifles.

    Also, a nuclear ship can sustain high speeds much longer than conventionally-powered ships. Makes you harder to capture.

    I think it might be an interesting development to bring back the "Q-ship"... troll for pirates, then blow their asses out of the water by surprise.

    --
    The meek may inherit the earth, but the strong shall take the stars.
  13. It less oil to use rail over ships to move iron... by Joe+The+Dragon · · Score: 2, Interesting

    It less oil to use rail over ships to move iron ore and other big stuff.

  14. Re:Dollar Price is Low by monxrtr · · Score: 3, Insightful

    It's more that the price of dollars is low than that the price of oil is high. Turning every one dollar bill into a one million dollar bill won't cure world poverty either.

    --
    "From DNA to P2P, we are all Copycats now. Go Go Copycat Power! Copycat Powers activate! Form of, a Copycat." --monxrtr
  15. higher oil prices = higher prices = higher wages by chifut · · Score: 0

    Bringing jobs back to USA is great, but this means the product becomes more expensive, which means the salary you get producing those may not be enough... So in other words, we get back jobs and lower salaries to levels before we shipped the jobs overseas..

  16. 360? by kf6auf · · Score: 0

    360 degrees...something doesn't feel quite right...let's visualize that for a second... don't you mean 180 degrees?

    1. Re:360? by oedneil · · Score: 0

      No, probably not. I'll let you think about it.

    2. Re:360? by Anonymous Coward · · Score: 0

      Probably not. It seems every time we take a turn in this country, we end up back where we started.

  17. There are many variables by EmbeddedJanitor · · Score: 2, Insightful
    Sure, the transport costs have gone up, but Chinese labor costs have gone up too and USA labor costs have come down (relatively anyway).

    The equation is tipping back towards domestic manufacture.

    Shipping costs are only one of the variables and it is inaccurate to attribute the whole shift to that.

    --
    Engineering is the art of compromise.
  18. Really? by Trogre · · Score: 1, Funny

    I didn't know he'd gone anywhere.

    --
    "Nine times out of ten, starting a fire is not the best way to solve the problem." - my wife
    1. Re:Really? by Zoolander · · Score: 1

      You took my joke!
      Why, I oughta....

      --
      Meep.
  19. This can by areusche · · Score: 1

    Cheap energy has driven our world from locally produced goods to an international market place. When country B has the ability to make a good more cheaply it allows country A to become more efficient. It's been a couple of months since I have taken macroeconomics but I believe this is called a comparative advantage. Higher fuel and energy prices won't help us as a people. They will only bring us back to an economic situation that was seen in the early 20th century. What we need as a race are alternatives and a mass conservation effort. Heck the biggest reason for the increase in oil has been because of decline of the dollar abroad. If the fed jacked up interest rates it would remedy much of the problems we are seeing right now. But you know god forbid Bernanke and Company make G.W Bushy look bad in the economic front. I mean he screwed up a lot of stuff already let's just take on more. ----On a side note ----- Personally I think the Federal Reserve's biggest concern should be inflation. This period of stagflation is killing us. Inflation should always be the fed's number one priority. I mean seriously what good is an unemployment check when nearly all of it is going towards trying to pay for a freaking box of cereal. Also people should also not be so self righteous about working a minimal wage job while on unemployment. I know it's embarrassing to be flipping hamburgers or stocking selves, but it's money. Money that can be used to supplement a transition between jobs.

  20. Misleading about Steel! Already restricted by dbIII · · Score: 2, Interesting
    There are already trade restrictions on the importation of steel which over rule "free trade" agreements. Expensive domestic steel may actually be one of the forces driving outsourcing of manufacturing to places where the raw materials are cheaper.

    You won't get any more local steel production unless there are local manufacturers that want it or if it can be produced at internationally competative prices. Steelmaking is one of those things that is not labour intensive so nobody can honestly blame unions or cheap labour countries on the price of the stuff - it comes down to effective or ineffective management.

  21. OMG by Idiomatick · · Score: 1, Troll

    BROKEN WINDOW FALLACY

    http://freedomkeys.com/window.htm

    I've never seen such a beautiful example of the broken window fallacy. Good job /. for not realizing it.

    1. Re:OMG by the+eric+conspiracy · · Score: 2, Insightful

      The concept of the broken window fallacy works if there aren't any external diseconomies in play. I'd contest that in this case.

       

    2. Re:OMG by thegameiam · · Score: 2, Insightful

      This isn't a broken window fallacy: it's simply a change in the cost of doing certain types of business. There isn't an incentive to bring, for instance, tech support from Bangalore to Pittsburgh.

      --
      Need Geek Rock? Try The Franchise!
    3. Re:OMG by Anonymous Coward · · Score: 0

      This is one of the most obvious cases of the broken window fallacy seen.

      The broken windows in this case are higher oil prices. (Duh.) In order to repair the windows, companies are moving production back to the US. But they're still having the window continuously broken: higher employment costs and higher transportation costs. It may be a net win over paying transportation from the original location.

      However, this does not improve the economy. If the companies weren't paying to repair windows at all instead of moving production to reduce the number of broken windows, they could use that money in other areas.

      Overall, the economy is worse due to higher gas prices. Moving production here still leaves companies out money.

      In the end, consumers still pay higher prices and the economy is overall worse.

      That's the broken window fallacy: the concept that by breaking windows (increasing gas prices), the economy is improved. It isn't. Higher costs are higher costs, period.

    4. Re:OMG by Anonymous Coward · · Score: 0

      TFA and various commenters are noting the glazier (local manufacturer) is getting more business AT THE EXPENSE OF THE TAILOR (oversees manufacturer). It is not the broken window fallacy because nobody is claiming arise in the overall level of commerce.

    5. Re:OMG by JT+The+Geek · · Score: 1

      I'm no philosophical economist here, but the broken window fallacy seems to only apply analyzing the effect on a particular group, so yes, in the community described there is no net gain, while there is a tangible net loss (the window). The whole point of this article though is to point out the fact that there the gain or loss across two different groups, the US and everyone else, is shifting. These are two very different communities and have far reaching effects that your argument attempts to nullify and fails miserably. While you can debate all day long what those effects will mean for the US, how that relates to our horrible trade defecate and so on and so on, the article was about net change across multiple groups while your seem to be claiming AHA! It's merely one group and you all are dumb. Perhaps you might want to take another look, or perhaps I am just another /. dolt as you claim.

    6. Re:OMG by Eskarel · · Score: 3, Insightful
      This isn't an example of the broken window fallacy at all.

      Yes, producing locally will be more expensive than it used to be to produce externally, and yes this will result in a higher local cost(presumably your basis for the broken window theory).

      However where the broken window takes something that was fine as it was and claims that by breaking it and producing work for someone else is a good thing where it actually just creates an unnecessary cost for the baker and lowers overall productivity, this isn't the same situation.

      The manufacturing work was going to be done by someone regardless, all this has done is make it more economical to do it locally. It isn't unnecessary work, or lost productivity it's simply someone else doing it.

      You could argue that the increase in cost will do more overall damage to the economy than bringing the jobs back home will do good, but even that's sort of immaterial, the cost increase is going to happen pretty much no matter what we do, so our net result from this move is an increase in capital flowing into our the US economy and job creation, from the perspective of the US that's a good thing, maybe not so much a good thing for China, but still a good thing.

    7. Re:OMG by Korbeau · · Score: 1

      I liked reading the link you provided and hold that true in some debates, but please explain further the parallel? I don't really see it ... using the example, wouldn't it mean "less tailors" (outsourced jobs) and "more glaziers" (jobs for U.S. citizens) - assuming that vandalism is the price of oil?

      This analogy ain't right either ... but like I said, I just don't see the parallel. We're talking about jobs in the U.S. ... OK, maybe we had 1 manager that made 100K a year supervising offshore operations ... but now instead we have 5 employees here doing each 20K. That may be the same amount of money, but it's more jobs (and happy people in the U.S.) ...

      And I don't want to further speculate on how this might also affect the local economy (need for local transportation, more people having money in a town = more specialized shops emerging and so on ...), but I think it's not a simple matter of "we have a set amount of money distributed amongst the population, everything is preserved nothing is created" line of thoughts.

      My 2 cents :)

    8. Re:OMG by Idiomatick · · Score: 1

      Gas is more expensive = bad

      But it is being seen as a good thing

      That is the broken window fallacy

      Paying MORE money to have steel smelted is not a good thing. If you paid LESS like you were before you would have MORE money. This money you could spend on something else which you need. Resulting in a better economy. It is a perfect example of the broken window fallacy. Even when viewing it from the US pov rather than a global one it is bad to spend more money than less. Its a tricky fallacy i know.

    9. Re:OMG by TheSync · · Score: 1

      You could argue that the increase in cost will do more overall damage to the economy than bringing the jobs back home will do good, but even that's sort of immaterial, the cost increase is going to happen pretty much no matter what we do, so our net result from this move is an increase in capital flowing into our the US economy and job creation, from the perspective of the US that's a good thing, maybe not so much a good thing for China, but still a good thing.

      What is bad for China is bad for the US. We are all interdependent, and will grow more and more every year.

      This part is right:

      Yes, producing locally will be more expensive than it used to be to produce externally

      Which hurts everyone because it is a decrease in productivity, especially if it means Chinese workers are going back to sitting in rice paddies all day rather than manufacturing.

      I wish people on Slashdot would be willing to treat those who ignore economic science the same way they treat people who ignore evolution science.

    10. Re:OMG by Anonymous Coward · · Score: 0

      "You could argue that the increase in cost will do more overall damage to the economy than bringing the jobs back home will do good, but even that's sort of immaterial..."

      This cannot be immaterial, as it is the point of the parable. Moving jobs to the US is a silver lining, but it is not the "win-win" situation claimed by the poster of "Re:higher oil prices = higher prices = higher wage." The point of the parable is that the silver lining does not constitute a net gain. The fact that the window is already broken (cost increase is inevitable, to paraphrase you) does not change the fact that although producing locally is now the optimal choice for the US, it still costs US consumers more to pay for the same goods they used to import.

      Grandparent could be modded -1 Insensitive Clod, but not Troll.

    11. Re:OMG by Anonymous Coward · · Score: 0

      Maybe because it's not an example of the broken window fallacy.

      If we were to keep the same example, this is an example of the baker choosing a different glazier based on price.

    12. Re:OMG by Eskarel · · Score: 1
      True, but US consumers have more money because they've been paid more. China buys bugger all off the US so any money that gets sent over there doesn't come back. More money might be spent, but more money is injected directly into the local economy. The guy in China might have made cents on the dollar compared to the American(though of course with transport it wouldn't have been overall that much cheaper or else the increase in fuel costs wouldn't have hit this tipping point already), but he was spending those cents in China. Largely on things made somewhere other than the US, the US has a huge trade deficit and has for years(that means they push more money outside than they bring in). The guy in Pittsburg is going to buy his food at a local grocery store which is going to employ local people, he's going to buy his clothes at a local shopping establishment which is going to be staffed by local people, true the clothes will have been made elsewhere, but you can't have everything.

      True globalization may be coming, but it's not here yet, we might be interdependent, but we are not interchangeable, $100 spent somewhere else is not the same as $100 spent locally, or even the same as $10 spent locally.

    13. Re:OMG by Qzukk · · Score: 1

      This cannot be immaterial, as it is the point of the parable.

      Perhaps so, but as oil prices continue to increase, the damage would be done whether or not production moved anywhere. Leaping out and screaming "omg! broken window!" is wailing at the wind and achieves nothing at all.

      --
      If I have been able to see further than others, it is because I bought a pair of binoculars.
    14. Re:OMG by Anonymous Coward · · Score: 0

      Broken window fallacy ceased to be a fallacy some 50 years ago. The time lost in fixing windows isn't going to go in any better use. Quite the opposite. Most likely it'd create yet another meaningless unjob in entertainment, advertising or even computer software.

      Things are like this because the economic system cannot handle massive unemployment. Once you fix that(*) the broken window thingy gets promoted back to fallacy as it should be.

      *) No, I have no idea how to do that. There was this one attempt, but it failed..

    15. Re:OMG by Idiomatick · · Score: 1

      I'm not american. From a global pov this is a painfully obvious broken window fallacy which is what i was referring to. Since america is the window maker and china is the tailor it might seem good for america but even that could be hard to argue. As you said what america could get before for cheaper over-seas they get now for more locally. This probably results in a net gain for the US. But compared to the global loss i don't think it means much.
       
      I'm pretty sure i got modded troll for thinking about the whole world rather than just the US ^^;;

    16. Re:OMG by Eskarel · · Score: 1
      I live in Australia the country from which the Chinese buy the ore they turn into steel(mind you the US will probably buy it to make their steal and the Chinese aren't going to stop building stuff just because the Americans aren't buying their steel anymore. They'll still want to build infrastructure and it'll still need iron ore and oil and natural gas and all the other stuff we sell them.

      It is therefor technically in my personal best interest for the manufacture of steal to remain in China. That said, I'm not stupid enough not to realize that when the US economy tanks the rest of the world, including Australia goes with it, and that a small hiccup for China is overall less damaging to myself and to the world than the US in a tail spin.

    17. Re:OMG by Idiomatick · · Score: 1

      true. But stalling a failing economy isn't really a long term solution either. I'd rather the shift happen sooner rather than later and get it over with. plus i'm sure people starving in asia would appreciate the boom more than people who could lose their SUVs in the states. Though i doubt the world is really prepared to support the additional people at near the same level of luxury anytime soon.

  22. Re:higher oil prices = higher prices = higher wage by p0tat03 · · Score: 1

    It beats being unemployed? I know it's not much of a consolation, but it's clearly still the lesser of two evils, and is probably still worth celebration.

  23. Not all jobs are telecommutable. by Anonymous Coward · · Score: 0

    How do you telecommute in a factory, are a cop, a teacher, an orchestra conductor, a prostitute, flip burgers, etc. Only those jobs that involve sitting in front of a computer all day are viable for such an option.

    Pull your head out and realize 96% of all jobs involve real hands on work.

    1. Re:Not all jobs are telecommutable. by GeckoX · · Score: 1

      96% ehh? Obviously pulled that bit out of your ass.

      Who said anything about those jobs? Who implied that this would work for everyone? Did you happen to notice what this article was about? You think most of our cops and teachers have been doing their jobs from overseas? wtf are you on? Sheesh, never mind what site we're on.

      --
      No Comment.
  24. Fuel is still CHEAP in the USA ! by shimmyshimpson · · Score: 0, Flamebait

    Fuel is crazy cheap in the US, so what are you whining about ? Do you think it's your God Given Right (tm) to drive 8mpg gas guzzlers filled up with 40c/litre fuel forever????? Who are you kidding?
    Most other countries (exclude major producers like Suadi, Venezuala) have heavy taxes on fuel and drive more fuel efficient cars. Stop whining America, you've shoved cheap oil into your veins like it was going out of fashion for the last 50 years, those days are now over. A billion and a half Indians and Chinese now want their time in the sun and they're starting to guzzle too.
    If the USA wasn't run by Big Oil you'd be a lot better off. So instead of whining about how *shock horror* you can't just pee oil up against the wall anymore maybe you could DO something about it.
    Start by asking why you can't start to wean yourselves off it, so you don't NEED to foul your own backyards to extract every last drop of the black stuff. And vote to INCREASE taxes on fuel (I know, pipe dream but hey...gotta try..) so reduce demand.

    NEWSFLASH ---- You've had it too good for too long, now comes the pain, and this is only the beginning.

    1. Re:Fuel is still CHEAP in the USA ! by New_Age_Reform_Act · · Score: 1

      Because, by driving an SUV, you are essentially "safer". (through statistics shown otherwise).

      Here in Chicago, I see 80% of commuters who drive SUVs into the city in the morning from suburbs, are only one person, no other occupants. They could have use the train instead. Go figure.

      $10 per gallon gas wouldn't hurt me much, because I drive an average of 100 miles a WEEK and my car run 30 mpg in city. (no, it is not a hybrid)

      Americans love SUVs because they know whoever they hit, the other side is going to die first. That's why most SUVs drive 80+ miles per hour on expressways. They love this "superiority" feeling, you know.

      --
      "The New Age. The New Beginning."
    2. Re:Fuel is still CHEAP in the USA ! by indi0144 · · Score: 0

      You're bitter, but I can just blame you or anyone that thinks in that way. It's a huge trend in the world to think that the problems of USA are actually deserved, but hey! not everyone is driving hummers in there, not everyone there is responsible for action but for omission. People drowning by unusual floods and tropical storms world wide just believe that know who is to blame, and is not God. [because God should be busy setting up that huge database] Again, I dreamed of America caring a little more for the little bothers in the rest of the world. You don't know when you need them.

    3. Re:Fuel is still CHEAP in the USA ! by shimmyshimpson · · Score: 0

      Wow, that's funny seeing as the US isn't even in the top 5 for rate of car ownership by country. Oh, hang on, what's that ?..it's number 7 ?..following Italy, Germany , Austria, Switzerland, Australia and New Zealand ?
      I think your feelings of "superiority" are a little on the "penis envy" side.
      All that aside, if you're driving a SUV then quit whining about fuel costs, buy a Mazda instead.
      I happen to own 3 V8 cars. They use a LOT of fuel and they cost me a LOT of money, but I accept that and I don't whinge and moan 'Oh, how could this be happening?...whatever will I do ?" I would take more public transport though if it wasn't so crappy and unreliable here.

    4. Re:Fuel is still CHEAP in the USA ! by gatkinso · · Score: 1

      What vehicles get 8mpg? Also, gasoline hasn't been that cheap here in almost a decade.

      As for the Chinese - what the hell is their problem? They have no installed base, they have no infrastructure, they have no "Big Oil" running the place, just a totalitarian government that says what goes.... so why are they choosing to go the route of an oil based economy? America, as you said, based its current economy on gas burning cars decades ago when oil was cheap and nobody was the wiser. Once that economy was established that was it - good luck changing it.

      China KNOWS that oils is scarce, expensive, dirty, and unstable... yet instead of deploying alternate fueled cars from the beginning, they jump right in to the oil fray. Gas stations, oil piplines, refineries. None of the is built - there is no motiviation to protect that investment (however they are are building them as fast as their little yellow hands can). Families don;t have to dump an expensive car for an even more expensive electric one. What the hell are they thinking? Fools.

      Americans can claim that they didn't know any better when we painted ourselves into a corner years ago - China and India can't claim the same. They know it is bad and are doing it anyway. Where is the outcry over that?

      I would be bitter too if my government taxed the living hell out of me simply for the privledge of moving about. England for example is a tiny nation, miniscule. Solutions that work there will not work in the US where distances are much vaster. (Same goes for Canada, ironically Canadians have the same gas guzzling tendencies as Americans but Canada gets a pass simply because they have a tiny population). Europeans too - counted together Europe consumes 3/4 the amount of oil that the US does. Not a very oil frugal society by any means.

      --
      I am very small, utmostly microscopic.
  25. Re:something normal is better than nothing by sethstorm · · Score: 1

    The upside is that it gives something to the domestic worker. For once in about 30 years, something favorable comes to the domestic audience.

    Now just give fully domestic products a huge tax cut (if not an outright exemption from any tax). The only thing left to do is to repeal Taft-Hartley, RTW, and call it a day.

    --
    Twitter supports and protects racists - by smearing their critics with the "Hate Speech" label.
  26. Re:higher oil prices = higher prices = higher wage by downix · · Score: 1

    Actually, the point here is that the price of the product will be more expensive, period, but by bringing the jobs back to the US, more people will be able to afford said product as gross domestic will be grown along with the product price increase.

    So, you're looking at an increase of $20 per 100 tonnes due to fuel cost, or $20 per 100 tonnes for salary increase *and* you expand your customer base simultaneously. Seems like a win-win to me.

    --
    Karma Whoring for Fun and Profit.
  27. wonderful trend but by museumpeace · · Score: 1

    we are not moving any coffee plantations "back" are we?

    --
    SLASHDOT: news for people who can't concentrate on work or have no life at all and got tired of yelling back at the TV.
  28. wessels? by ciaohound · · Score: 4, Funny

    Thank you, Mr Checkov. Mr Sulu, lay in a course for the 1970's.

    --
    Oh, yeah, it's not easy to pad these out to 120 characters.
    1. Re:wessels? by da'+WINS+pimp · · Score: 1

      It was the 80's you insensitive clod!

      --

      "I'm just here to regulate funkyness." - James Gandolfini, as Winston in The Mexican
  29. Re:Misleading about Steel! Already restricted by icegreentea · · Score: 1

    I thought US Steel had more expensive steel because it only sells very high quality/specialty steel. Please correct me if I'm wrong.

  30. For strange values of globalization by sethstorm · · Score: 1

    Not the kind that's been used in the last 30 years.

    The type that has existed (mainly) past 1980 has antagonized the domestic worker. The other type permitted domestic work along with international dominance.

    This is our nation, and we should not be allowing other countries to influence ours by proxy. If they want a vote, they can go through the process in becoming a citizen.

    --
    Twitter supports and protects racists - by smearing their critics with the "Hate Speech" label.
  31. Size of product isn't the issue, cost is the issue by thpr · · Score: 3, Informative
    "with smaller things (refrigerator or smaller) distance transport from foreign lands is pretty low."

    Are you kidding? You think that the product size actually matters? There is very little difference in shipping a container of refrigerators vs. a container of pens. It's a tiny fraction of fuel economy (a few percent) due to weight differences. The cost & distribution challenges come in breaking up the product at distribution centers, but that happens regardless of where the product is manufactured.

    What will matter is raw ores (iron ore) and other relatively dense materials (steel, lumber), which greatly increase transportation costs and are easily replaceable commodities. This will be the first place the effects are seen, but it will spread to other products.

    "The cost of shipping a refrigerator across the sea is way smaller than the cost of trucking it across a state."

    Perhaps if you ship them one at a time. But that's not how trucks or ships work.

    The statement in the article notes an increased container shipping cost of $3,000 to $8,000 shipping from China to NY. That $5,000 difference is about 1,000 gallons of diesel, which is enough to drive more than 4,000 miles carrying the 29+- tons of a fully loaded standard shipping container.

  32. thank god business has not yet stolen by atarione · · Score: 1

    my brilliant idea for shipping goods on ships powered by the wind.

    --
    actually I am happy to see you, however that is in fact a banana in my pocket.
    1. Re:thank god business has not yet stolen by Mr.+Roadkill · · Score: 1

      http://www.popularmechanics.com/blogs/science_news/4235579.html?nav=RSS20

      I'm sure I've seen other info on that concept that's far more recent - that was just about the first thing that google barfed up when I looked.

      There are other options, like kites, that are being investigated too.

      As fuel prices increase, and modern wind power methods improve and become cost-effective again (with reduced crews and improved crew safety, compared with sailing ships of a century ago that couldn't compete with the steamers in speed, overall service price, labour costs or labour safety), we're likely to see people start to take advantage of whatever "free" energy they can get because it won't cost them as much to harvest it as the oil they'd need to burn in its place.

  33. Not so fast... by sethstorm · · Score: 1

    That can be changed as well.

    --
    Twitter supports and protects racists - by smearing their critics with the "Hate Speech" label.
    1. Re:Not so fast... by rah1420 · · Score: 1

      That can be changed as well [bringing tech support home.] And why should it? This isn't a sea-change in bringing work home to America, this is business looking for the cheapest way to do its job.

      What you'll see is the pendulum swing further in the other direction; businesses who previously were more or less at equilibrium will now find themselves spending more labor dollars domestically (to offset the fewer logistics dollars that they'll spend to move work in process or finished goods around the planet.)

      And they may just decide to redouble their efforts to migrate out even more non-transportable services. After all, tech support doesn't need to be loaded on a container in Bangalore and shipped across the ocean, a fiber cable works just fine thankyouverymuch. Why are we deluding ourselves to think that they won't economize even further by pushing knowledge work overseas, to compensate for the labor dollars that they are now having to pay for domestic production?

      To bring this to a reductio ad absurdum, we could end up being an industrialized nation again, only this time with the lion's share of the knowledge work happening overseas.

      Not saying it is GONNA happen that way, but I could see that as a logical conclusion.

      --
      Mit der Dummheit kämpfen Götter selbst vergebens.
  34. Recycle them by Anonymous Coward · · Score: 0

    Make them a line item expense on the dry cleaning bill and if the person brings back their old hanger they don't have to pay it.

  35. Re:higher oil prices = higher prices = higher wage by monxrtr · · Score: 3, Informative

    No, it's a lose-lose broken window fallacy.

    http://en.wikipedia.org/wiki/Parable_of_the_broken_window

    Paying for breathing air might increase the GDP, but it would only be making the world net poorer. By definition of the consumer price index (CPI) being fraudulent data, so too is the GDP fraudulent data. Double the supply of money, ceteris paribus, the GDP doubles. Twice as much money trades for the exact same things. But in the real world inflation works it way through the economy discretely and unevenly, not universally evenly. People who get the new money and new credit first, spend more on specific things first. In the late 90s it was internet stocks, from 2000-2007 it was houses, and now it's commodities like oil. The poorest (last to receive the new credit and dollars) will suffer the worst for the longest time.

    --
    "From DNA to P2P, we are all Copycats now. Go Go Copycat Power! Copycat Powers activate! Form of, a Copycat." --monxrtr
  36. you have to wonder by suck_burners_rice · · Score: 1

    I will RTFA, and I find this to be a very interesting side effect of the higher gas prices. It may be the only good thing coming out of the situation. If a hydrogen-based car that runs on water comes out, that would be another good thing. But you have to wonder, why are oil prices so high to begin with? It has to do with several things, which I'll touch on, but I'd like to concentrate on this thing called oil futures and another thing called deregulation. Turns out that just prior to Cliton leaving office (there is only one "n" in Cliton), a bill was passed in which was buried this deregulation of oil futures. As a result, the price is higher than $4.50 a gallon due to speculators on Wall Street gambling on the price going up. Gas should really cost about $3.00 a gallon at this point, and it's that high due to heavily increased demand from China and India. But the additional $1.50 per gallon is a direct result of the craziness on Wall Street. Unless people begin to research this for themselves and do something about it, the prices WILL continue to increase and you'll soon see gas at $5.50 a gallon, $6.50 a gallon, and even $99.50 per gallon. What can you do about it? One example is to start a barrage of letters to your representatives. Another is for some enterprising smart people to get together and solve the problem of releasing hydrogen from water in an efficient way. If the situation gets desperate, it may even call for a massive nationwide gas strike in which not only will millions of people refuse to buy gas for a week, but they'll also stay home from work and school during that time. No matter what, something must happen, and sooner is better than later. Because everything depends on gasoline, so the continuously increasing price is causing everything else to become more expensive.

    --
    McCain/Palin '08. Now THAT's hope and change!
    1. Re:you have to wonder by Anonymous Coward · · Score: 0

      Ok suppose speculators are buying up oil futures forcing the price up. Ultimately that future isn't a future and comes due for delivery (last month's "June future" is being delivered _now_) and you don't see piles of supertankers dropping the oil off at Wall Street!

      Ultimately, someone (the refiners) is taking delivery of the oil at $135 a barrel. They're not speculating. They're actually handing over the cash. Blaming speculators is a politician's game because speculators are an easy target. The real reason seems to be simple supply and demand. At last year's prices there is demand for ~87 million barrels a day. The world is only producing 85 million barrels. Thus we can't have last year's prices!

  37. Re: piracy by pipingguy · · Score: 2, Funny

    Add minigun.

  38. Trade imbalance and exchange rates by Anonymous Coward · · Score: 1, Informative

    Nobody has ever really addressed the fact that the yuan is undervalued by upwards to 50% against the dollar and how this has made China more attractive as a labor market than it actually should be should its currency be allowed to float. Finally some academic economists are addressing the issue, but we refuse to move on the issue in a trade forum because if they dump their holdings of U.S. treasuries, our currency will sink against partners with assets that we actually function without (like oil.) Anyhow, if we trade with countries that won't fully take part in the free economy (which mandates a free currency exchange) then we are bound to get screwed. Even Mexico has been screwed by the undervalued yuan.

    1. Re:Trade imbalance and exchange rates by Anonymous Coward · · Score: 0

      assets that we actually function without (like oil.)
      Here I meant "assets that we cannot actually function without"
    2. Re:Trade imbalance and exchange rates by monxrtr · · Score: 1

      There's absolutely no such thing as a "trade imbalance" or a "trade deficit". Trade only occurs because that which is received is valued more than that which is given away in exchange. The exact same goods which exist before every trade exist after every trade. Using force to reverse or prevent those trades which are said to cause "trade imbalances" or "trade deficits" would only *cause* poverty, *cause* the world to be net less wealthier.

      Those economists "addressing the issue" are flat earth sun revolving around the earth quacks, no matter what their academic degrees say. Nothing is ever undervalued or overvalued by definition of it exchanging for the exact value it exchanges for. The value of everything is non constant for everyone.

      The only people being screwed are *everyone* by *every* government fiat currency, except the international bankers who create debt and collect interest (and real collateral assets by definition of it being impossible for everyone to pay back the interest by definition of the interest PLUS the money lent being more than all the money which exists at the time, unless debt money is increased to pay off the prior interest obligations). It's a giant international house of cards with no fiat currency whatsoever immune. This is why the printing presses run at ever accelerating speeds until they approach hyper inflation and collapse in value. It's the greatest swindle the world has ever seen. How'd you like to be authorized to be the monopoly distributor of "legal tender" monopoly money you can feed through the xerox machines whenever you wish?

      --
      "From DNA to P2P, we are all Copycats now. Go Go Copycat Power! Copycat Powers activate! Form of, a Copycat." --monxrtr
    3. Re:Trade imbalance and exchange rates by Anonymous Coward · · Score: 0

      There's absolutely no such thing as a "trade imbalance" or a "trade deficit".
      Uhhh.. yes there is.
    4. Re:Trade imbalance and exchange rates by monxrtr · · Score: 1

      Your statement is equivalent to saying there really is a Santa Claus that climbs down every chimney to deliver presents to all the good children every Christmas Eve. It's wholly unscientific. Fortunately for science, it's *demonstrable* that such a claim is false, and that such a belief is a mass confusion delusion.

      Trade only occurs because the exact same goods are valued *differently* by differently persons. That which is received, good 'A', is valued MORE than that which is given away in exchange, good 'B', for Person 1, and vice versa for Person 2. There would be no reason whatsoever to switch possession of differing goods, called *trade*, otherwise.

      --
      "From DNA to P2P, we are all Copycats now. Go Go Copycat Power! Copycat Powers activate! Form of, a Copycat." --monxrtr
    5. Re:Trade imbalance and exchange rates by Anonymous Coward · · Score: 0

      Fact #1: We don't all use the same currency.
      Fact #2: We buy imported products using local currency.

      So what do foreigners do with all those US dollars? If they sell them on the open market, their currency will go up & the US dollar will go down. Over time the shipment of goods to the US will get lower & lower as the exchange balances out. That's bad unless you have a factory that can scale down smoothly as you layoff employees until nobody's left.

      There are some options:
      A. Buy US consumer goods (hahaha)
      B. Buy US services (heehee)
      C. Buy US industrial goods (we buy our stuff from germany)
      D. Buy military weapons (good but hard to get parts)
      E. Buy oil (very popular right now)
      F. Buy US debt (this will ensure they keep buying our shit)

    6. Re:Trade imbalance and exchange rates by Anonymous Coward · · Score: 0

      If they sell them on the open market, their currency will go up & the US dollar will go down. Over time the shipment of goods to the US will get lower & lower as the exchange balances out.
      By mandate, the value of the Chinese currency is set by the Chinese government. That was the entire point of my post. The exchange will never balance out because it is fixed.
    7. Re:Trade imbalance and exchange rates by tshetter · · Score: 1

      Everything is worth what its purchaser will pay.


      Some old dead dude said that once or twice. =)

    8. Re:Trade imbalance and exchange rates by Anonymous Coward · · Score: 0

      Everything is worth what its purchaser will pay. Some old dead dude said that once or twice. =)
      Right, so you will gladly buy subsidized goods, and all manufactured goods from countries that peg their currency are subsidized goods. But subsidies are used to give your workforce a competitive advantage that the free market would not offer.
  39. forgot something? by Quadraginta · · Score: 1

    You imply that the jobs that are "coming back" to the US are going to go to people who are presently unemployed.

    Nope. They're going to go to people who are presently working in higher paying jobs that used to similarly benefit from cheap shipping costs to other countries. Those nice jobs are going to go away, with the price of international transporation skyrocketing, and be replaced by the less-nice, lower-paying jobs that are "coming back." The net result will be little change in employment -- just a replacement of certain jobs with other, lower-paying jobs.

    Does that change your calculus?

  40. Too bad by SaintOfAllChucks · · Score: 3, Interesting

    they don't make steel in Pittsburgh any more. US Steel may be based here but most of the steel plants are no longer in the region. They make steel in Pittsburgh the same way they make cars in Detroit. Pittsburgh is mostly medical science and hospitals now. When industry comes back to the U.S. it will be in places that are less union friendly. (for the record, I do live in Pittsburgh)

    1. Re:Too bad by Greventls · · Score: 2, Interesting

      They still make a good bit of steel in Pittsburgh. http://en.wikipedia.org/wiki/Edgar_Thomson_Steel_Works It isn't as much as before, but it is still made. The Steel industry is spreading out to reduce shipping costs. US Steel has mills all over America (Pittsburgh, Philly, Detroit, Chicago, Alabama, St Louis, Texas, Canada, California, etc) to reduce shipping costs.

    2. Re:Too bad by ItGoesToEleven · · Score: 1

      Don't forget their largest facility at the Gary Works in Indiana. http://www.uss.com/corp/facilities/gary.htm

    3. Re:Too bad by atomic777 · · Score: 1

      This is a good example of the process of re-industrialization of North America.

      Notice that the possible locations for the new Toyota plant didn't even include any of the traditional industrial states, it was a choice between the American South and Canada (which, in this case, Canada won due to lower cost and higher quality workforce)

  41. High oil prices will do way more than Kyoto by RobinH · · Score: 5, Insightful

    The fact is, for all the environmentalists out there screaming to put regulations on carbon emissions, etc., the price of energy is the only thing that's going to have a substantial impact on the amount of fuel we use. People are actually considering more fuel efficient vehicles, and at my place of work people are taking advantage of opportunities to work from home once in a while. Especially when their commute is over one hour. If we keep it up, people might move closer to work.

    --
    "I have never let my schooling interfere with my education." - Mark Twain
    1. Re:High oil prices will do way more than Kyoto by paradoxiq · · Score: 1

      Your point is valid, but it does not invalidate Kyoto or other similar efforts. Reaction is not superior to action, despite the fact that it might ultimately bring about the change in behavior needed to address a given situation. In regard to the "screaming environmentalists": I doubt you actually view the people who have worked to change energy behavior for decades as somehow stupid because they used a linguistic/political modifier rather than an economic one. Perhaps you choose to view people in a certain way because it suits the way you prefer to see yourself.

    2. Re:High oil prices will do way more than Kyoto by catchblue22 · · Score: 4, Insightful

      The main problem with high oil prices is that the money is going largely to rich oil producing countries like Saudi Arabia, so that they can build monstrosities like ski resorts in the desert. I would have preferred to pay a carbon tax instead; at least the money would stay in our own economy and be used to build infrastructure. Carbon taxes could be offset by decreases in income taxes, so that we don't pay any more overall. As an environmentalist, I am strongly opposed to these high oil prices, because they are siphoning off our wealth and giving it to rich oil foreign oil companies.

      --
      This and no other is the root from which a tyrant springs; when first he appears as a protector - Plato (423 to 327 BC)
    3. Re:High oil prices will do way more than Kyoto by TubeSteak · · Score: 1

      The main problem with high oil prices is that the money is going largely to rich oil producing countries like Saudi Arabia, so that they can build monstrosities like ski resorts in the desert. The oil producing countries in the Middle East are building those "monstrosities" because they realize that the oil money isn't going to be around forever. Their Governments are sinking money (and encouraging investment) into infrastructure *now* so that in the future, those countries will become tourist and business hubs.
       

      If you knew anything about the history of the Middle East, Saudi Arabia in particular, you'd know that those countries got a very late start (they didn't start pumping oil until after WW2) on industrializing and building infrastructure that the West takes for granted.

      As an environmentalist, I am strongly opposed to these high oil prices, because they are siphoning off our wealth and giving it to rich oil foreign oil companies. I'm just having trouble making sense of your statement. As an environmentalist, wouldn't you consider high oil prices to be a good thing, since it will force a migration to some other alternative?
       

      As for why oil prices are so high, one of the more plausible theories is that US financial companies are pouring cash into the oil commodities market because of the weak dollar. In doing so, they've bid up the price of oil well beyond what it should be.
       

      Congress recently had a hearing on the matter
      This article has a summary that is fairly representative of what was said
      http://www.larouchepub.com/pr/2008/080623halve_oil_prices.html
      I'd support a bill with a 6 month sunset.
      If kicking out financial speculators works, make the law permanent. If it doesn't, let it sunset.

      --
      [Fuck Beta]
      o0t!
    4. Re:High oil prices will do way more than Kyoto by evilviper · · Score: 1

      the price of energy is the only thing that's going to have a substantial impact on the amount of fuel we use.

      You're missing a big piece of the picture... Energy prices are sky high right now. But when they drop (and they will drop quite notably when the bubble bursts) we're just as bad off as when we started.

      What really works, is using fuel costs as an impetus for stricter regulations. In the 70s, fuel efficiency standards were raised dramatically, and we've kept them at those levels... Unfortunately, they haven't improved, but that's better than nothing. Similarly, if the EPA finally sets some high standards, we'll reap the benefits for a long time, long after the price of oil falls back down to something... reasonable.

      --
      Slashdot gets worse every day... Pipedot: News for nerds, without the corporate slant
    5. Re:High oil prices will do way more than Kyoto by tknd · · Score: 1

      Even better, high oil prices are actually making people think about public transportation again. For the financially savvy, that is awesome news. It would be great to be able to live in the U.S. without a car. I would be proud to dump the 2nd most expensive household asset that depreciates in value significantly.

    6. Re:High oil prices will do way more than Kyoto by Anonymous Coward · · Score: 0

      Just be careful you don't let the wife hear you talking like that. Ba-dum Tish!

      I'll be here all week. Try the veal~!

    7. Re:High oil prices will do way more than Kyoto by bobbozzo · · Score: 1

      Even better, high oil prices are actually making people think about public transportation again. For the financially savvy, that is awesome news. It would be great to be able to live in the U.S. without a car. I would be proud to dump the 2nd most expensive household asset that depreciates in value significantly.

      What's the first, the wife?
      --
      Nothing to see here; Move along.
    8. Re:High oil prices will do way more than Kyoto by Krommenaas · · Score: 1

      You're touting a contradiction that doesn't exist. One way for countries to reach their Kyoto obligations is to impose higher taxes on energy.

    9. Re:High oil prices will do way more than Kyoto by mattsday · · Score: 1

      Most people here in the UK at least live further away from work not because of fuel or whatever, but because living in London is horrendously expensive, so your only option for something affordable and pleasant is to live a fair distance away. A house similar to what I have now that is within 30 minutes of our office would literally cost 3-4x.

      --
      Now there's one hoopy frood who really knows where his towel is!
    10. Re:High oil prices will do way more than Kyoto by Anonymous Coward · · Score: 0

      And that is why we have very high taxes on fossil fuels in Europe.. It works. It helps the environment. There is no tax on renewable fuel (in practice even a "negative" tax on those fuels).

      That is socialist government when it is at its finest - just tweak taxes so that the free marked adjust in a way the people want.

    11. Re:High oil prices will do way more than Kyoto by Anonymous Coward · · Score: 0

      It "works," huh? Funny, since I found the quality of the air in Dublin, Ireland to be especially poor (I love Dublin, btw). I found it hard to breathe without sucking in lung-fulls of auto exhaust. It looks to me like your idea of "it works" means that everyone just concentrates their driving into a tiny area, making the air quality in that area very bad. I've never been downtown in a major U.S. city and had that much trouble breathing (L.A. included).

    12. Re:High oil prices will do way more than Kyoto by Anonymous Coward · · Score: 0

      Bullshit.

      High oil prices gives the money to oil companies. Oil companies invest money in keeping society dependent on oil.

      It may do more than Kyoto, in the short term.

    13. Re:High oil prices will do way more than Kyoto by RobinH · · Score: 1

      Perhaps, but as a citizen of a country that is a net energy exporter (Canada), I'd rather the money go to our oil industry than the US government. :) However, I can see that someone in a different position might see things from another perspective.

      --
      "I have never let my schooling interfere with my education." - Mark Twain
    14. Re:High oil prices will do way more than Kyoto by DriedClexler · · Score: 1

      The hypothetical that proves his point, in other words.

      All oil curtailment measures are equivalent to some oil tax in how much use they, er, curtail. Now, imagine if during Kyoto negotations, someone said, "omg, these new requirements would be outrageous! We'd have to slap taxes high enough to make oil effectively cost $70/barrel! Imagine that: SEVENTY DOLLARS A BARREL!"

      If you had proposed something equivalent to making oil cost $135/barrel, basically about a 300% tax at the time, far above what mainstream enviros ever propose, you would have been told that that's "way too much". That it's too much of a burden for the benefits. Well, that's where we are now (modulo a little inflation adjustment).

      Just goes to show, the world economy doesn't totally collapse when you make oil users pay a huge Pigouvian tax, because we're seeing the equivalent of one.

      --
      Information theory is life. The rest is just the KL divergence.
    15. Re:High oil prices will do way more than Kyoto by gnuman99 · · Score: 1

      "But, but, but, I don't wanna another tax! It will hurt our economy!". That's the line you heard over, and over, and over again. "Kyoto just hurts the rich countries". Well, nothing will now hurt more than being that rich country.

      We made the cake we have to eat now.

      I always argued Kyoto was *never* about reducing emissions. It was about developing technologies to move the economy from oil based to hydrogen based. How do you do that? You artificially raise the price of luxuries, like gasoline. You raise the price of other energies based on fossil fuels as well, like gas or heating oil. This causes people to spend money to have more efficient homes. More efficient cars (see Europe vs. US cars and who hurts more at these prices)

      The revenue from the high prices is then spent on R&D and deploying hydrogen capable infrastructure. This creates jobs! Lots and lots of jobs.

      But no, people wanted to delay. Politicians too stupid to see the benefits of Kyoto. Heck, the people talking about Peak Oil were considered nuts since the 80s - the conversion away from oil to hydrogen based (powered by wind/solar/algea/nuclear/whatever) should have started with the *first* oil crisis. That was the warning call, now, we have the *Real Thing*.

      Current prices will NOT go down significantly. $100/barrel oil is here to stay. $200/barrel is coming in few years.

      The current problem is will the countries invest NOW into nuclear/hydrogen or will they ignore this, and just mine dirty oil (oil sands, oil shale, etc.) Someone said there is enough dirty oil to turn Earth into Venus. I wander which course the human race will take next decade or two.

      As an environmentalist, I support high oil prices, though taxes over current supply/demand would be better option. Regardless, high oil prices give us another chance to change the course and the human race seems to only change when there is some crisis. This is it. Now, will we change the track?

    16. Re:High oil prices will do way more than Kyoto by Sax+Maniac · · Score: 1

      Or change jobs to be closer to home... have you tried to sell a house in today's market? Changing jobs is a lot easier!

      --
      I can explanate how to administrate your network. You must configurate and segmentate it, so it can computate.
    17. Re:High oil prices will do way more than Kyoto by assertation · · Score: 1

      The whole point of demanding environmental treaties and laws is to PREVENT damage from being done. Yes, someday fossil fuel supplies will dwindle low enough to make their cost prohibitive, BUT it would be nice if the world ISN'T poisoned further before we reach that point.

      Your thought is like saying that over eating will eventually fix itself because someone will eventually get diabetes, a stroke, a heart attack, then die, then be forced to lose excess weight. The whole point is to lose weight as a way of avoiding pain and enjoying the results.

    18. Re:High oil prices will do way more than Kyoto by Anonymous Coward · · Score: 0

      Don't you mean "build infrastructure in Iraq" ?

    19. Re:High oil prices will do way more than Kyoto by Anonymous Coward · · Score: 0

      As a citizen of a country with what most americans would consider utterly insane gas prices (edging towards $10/gallon now), I'll only say that yes: It drives people to pollute less, and yes: It's nice to know that most of the money ends up in the country. It even means that the price hike hasn't been all that large, percentage-wise.

      Of course, it helps that the non-tax part of the price also ends up in the country. It's a good year to be norwegian. ;)

    20. Re:High oil prices will do way more than Kyoto by indros13 · · Score: 1
      The enviros get economics.

      Regulation of carbon emissions via a cap or tax will increase energy prices because all fossil fuels (with carbon) will become more expensive.

      And as other posters have noted, with carbon regulations, we get the excess cost as government revenue, instead of sending it to the Saudis.

      --
      Under capitalism man exploits man. Under communism it's the other way around.
  42. China is the last by thorpie · · Score: 3, Interesting

    In the 50's it was Japan,
    In the 60's it was Hong Kong
    In the 70's it was Taiwan
    In the 80's and early 90's it was South East Asia
    In the late 90's to now it has been China
    To be worthwhile producing elsewhere you have to be able to produce for less than 30% of your home costs.
    There is nowhere left to go
    We have to manufacture our own again
    So maybe we will get decent working conditions at last!

    --
    The memories of a man in his old age are the deeds of a man in his prime - Floyd, Pink
    1. Re:China is the last by sethstorm · · Score: 1

      This time, make sure what comes back can never leave.

      --
      Twitter supports and protects racists - by smearing their critics with the "Hate Speech" label.
    2. Re:China is the last by Tarison · · Score: 1

      So... break it's legs?

    3. Re:China is the last by DerekLyons · · Score: 1

      There is nowhere left to go

      Indonesia. The Philippines. Practically all of Africa.
    4. Re:China is the last by Garabito · · Score: 2, Insightful

      There is nowhere left to go What about Africa? There is also Burma/Myanmar, Mongolia, Haiti, Nicaragua, Honduras...

    5. Re:China is the last by shimmyshimpson · · Score: 0

      Africa.

    6. Re:China is the last by Yogs · · Score: 1

      I certainly hope China isn't the last with most of Africa in such a desperate condition.
      Low pay manufacturing jobs there would be far, far better than the current state of affairs.

      Opening a window of opportunity for a continent matters in a way that the difference between a manufacturing and service industry wage in the U.S. does not.

    7. Re:China is the last by dpilot · · Score: 1

      Your progression seems to assume that it's a line.
      I suspect it's really more of a closed loop, but we don't know how big it is, or how desperate things will have to get in the US before it comes back here.
      I suspect that part of the loop is seeking places where the workers are desperate enough to accept poor working conditions and low wages.

      Think of it as crop rotation - in people.

      --
      The living have better things to do than to continue hating the dead.
  43. The steel thing is already happening by street+struttin' · · Score: 5, Informative

    My dad has worked in steel for the past 38 years and he says they are busy as hell because the fuel cost and weak dollar has been making US steel cheaper for a while now.

    1. Re:The steel thing is already happening by Anonymous Coward · · Score: 0

      Yes, for the first time, we are now seeing steel come into our shop stamped "Made in USA" instead of "Ukraine" or "Indonesia". At almost $0.90 per pound for foreign steel, US steel is becoming a deal. Just yesterday, we ordered 1 1/2" thick steel 8' x 20' and was charged almost $10,000! Yikes, this stuff is getting expensive.

    2. Re:The steel thing is already happening by Sethus · · Score: 1

      I also read an article from the Houston Chronicle about the export industry booming. I don't know if these are related, but the weaker US dollar has had a hand in making US exports be more attractive to foreign companies. Cheap US Steel + cheap importing costs = win for the US.

      --
      Posting with out proof reading since 2001.
    3. Re:The steel thing is already happening by nbritton · · Score: 1

      If you think that's bad, try ordering that same thing in aluminum.

  44. Re:Misleading about Steel! Already restricted by SaintOfAllChucks · · Score: 1

    US Steel makes all kinds. Specialty steel and the coke is their biggest business in the Pittsburgh region. However, they do own a large portion of the steel mills in Eastern Europe. Something like the same amount of production in Europe they used to have in the U.S.

  45. Ask your local charity by ScottCooperDotNet · · Score: 1

    Clothing donation places such as the Lowell Wish Project receive hundreds of the things each week. Metal hangers are better than the plastic ones, for simple reason they take up less space.

  46. Your own house in order first. by sethstorm · · Score: 1


    A billion and a half Indians and Chinese now want their time in the sun and they're starting to guzzle too.

    Can you spell subsidy? I bet you could.
    Another point is that it doesn't matter how many people are there, they are not US citizens. No right to vote, no right to proxy via business influence.

    If the USA wasn't run by Big Oil you'd be a lot better off.
    Get rid of the lifestyle environmentalists first. Last time I checked, the nation's capital was Washington, DC - not some exclusive ski resort town in the Rockies.

    Get your own house in order by cutting all those fuel-related taxes. Then be surprised that you can afford that fuel-efficient land yacht.

    --
    Twitter supports and protects racists - by smearing their critics with the "Hate Speech" label.
    1. Re:Your own house in order first. by shimmyshimpson · · Score: 0

      S-u-b-s-i-d-y, and your point is ? Oh, of course, completely irrelevant. You're what we call the "Ugly American", go back to drinking hooch in your trailer park Jethro, leave the thinkin' to the big boys.

  47. hmm by thatskinnyguy · · Score: 1

    I think this would only make sense if the value to weight ratio is heavily biased toward weight. I mean, steel (rolled, bar, whatever) has little value on the open market when compared to something like diamonds which can be shipped relatively easily and there is a huge payout for small quantities.

    So bravo to the guys at the mills getting their jobs back. But for those of us on slashdot: how much does it cost to ship code? hmmm.

    --
    The game.
    1. Re:hmm by CrazyTalk · · Score: 1

      Only one problem with that - there ARE no more mills. The "good news" is about 20-30 years too late.

    2. Re:hmm by thatskinnyguy · · Score: 1

      But there are mills. Or at least burned-out shells that used to be mills. You have me there. Even when the steel mills were still hot in the United States, the technology in them was still about 20-30 years behind the Japanese and Korean plants. It would take a hell of a lot of investment, but it's not out of the realm of reason to think that someday the industry may be reborn.

      --
      The game.
    3. Re:hmm by tshetter · · Score: 1

      What about the conditions of German and eastern European mills?

      If everyone has old facilities, America could be prime for high precision machining and fabrication investment.

      Just wondering....

    4. Re:hmm by thatskinnyguy · · Score: 1

      Germany and Japan saw heavy investment (thanks to us) in their machining and fabricating industries after WWII. The Japanese and the Germans have since improved on that making their processes more efficient on both factory floor and management levels. (See W. Edwards Deming)

      Meanwhile, back at the fort, American mills still used the same processes and management techniques that were around in the 1800's.

      That being said, I think you're absolutely correct. The American mills have seen the error of their ways and so have the observers of its decline. With the industry as in the shit as it is now, it's ripe for some upgrades given the proper allocation of land, labor and capital.

      --
      The game.
  48. Did you mean Steve Jobs? by Jackyshadow · · Score: 1

    When reading the title I thought that even Apple's CEO can't afford petrol... But after all, his annual salary is like 1 dollar..

  49. Comment removed by account_deleted · · Score: 3, Informative

    Comment removed based on user account deletion

  50. Alternative ship energy by Nefarious+Wheel · · Score: 2, Interesting

    Sails can be helpful, I've seen models for tall vertical turbines that are independent of wind direction (not independent of wind, however). And my old friend the Stirling cycle engine could still be useful here - exploit the temperature differential by dipping the cold-side heat exchanger of the engine in the stream of running water. Would work on warm days, no acreage of solar panels required. You don't need a huge temperature differential for them to work, although it would need some form of low-drag integration into the hull. Maybe just a few square meters of copper integrated into the bottom of the hull, a black surface for the hot end topside. I like Stirling engines...no fuel, just a temperature differential, sometimes a bit slow to start up. Cool technology. http://en.wikipedia.org/wiki/Stirling_engine/

    --
    Do not mock my vision of impractical footwear
  51. Managing Global Operations by NetSettler · · Score: 1

    Employing workers abroad often involves flying management and workers back and forth, even for non-manufacturing jobs like the ones near and dear to most Slashdot readers: software.

    I wonder if the higher prices of oil will result in better teleconferencing or if there is a cross-over point at which such coordinated management at a distance will be deemed to impractical.

    If it were at some point deemed impractical, I wonder whether that would tend to result in jobs staying here or just locating entirely abroad, since shipping end user software is really cost-free and so the "manufacturing" could be anywhere.

    --

    Kent M Pitman
    Philosopher, Technologist, Writer

  52. It's also putting the kibosh on the American Dream by gillbates · · Score: 4, Interesting

    The problem with telecommuting is that your job is basically dependent on the quality of the IT staff to a much higher degree. My employer tries to do telecommuting, but somewhere between cost cutting in IT, draconian security restrictions, and a dodgy network connection, it fails to be useful for getting real work done.

    We've been looking to move out of our high cost of living area for quite some time, but the rising cost of gas has put that on hold. I would like to buy a house - and can afford one on the edge of the suburbs, but alas, any saving in mortgage payments would be consumed by the cost of fuel. Even though I'm just a fifteen minute commute from work, I spend nearly fifty dollars a week getting there and back.

    So yeah, it might bring some manufacturing jobs back home. But those of us who have become used to working in the city and commuting out from the cheaper communities are finding themselves in quite a bind. I can't afford a house in my current area, and I can't afford the gas to drive from the places where I can afford a house.

    I'm slowly coming to the conclusion that I'm going to have to wait another 5 to 10 years for the next housing market crash before I'll be able to move into a house. When my Dad was my age, the loan on his (our) house was up - and he was a factory worker. Today, I make almost four times what he did, and can't even afford a three bedroom house. So much for the American Dream.

    --
    The society for a thought-free internet welcomes you.
  53. Now I am confused... by mikee805 · · Score: 1

    Do we or dont we want cheap energy?

    --
    B5 71 ED FB 55 D6 4E 68 07 25 E2 FA CA 93 F0 2F, is mine! All mine!
  54. Re:higher oil prices = higher prices = higher wage by tomhudson · · Score: 1

    ... but it still means less energy consumed overall, which means the global economy is more efficient, so everyone wins in the end. "Subsidizing" foreign jobs via cheap oil and inflated dollars just promotes inefficiency.

  55. Level the field and clean your house first. by sethstorm · · Score: 1

    That is, remove Taft-Hartley as well as RTW. After that, everywhere in the US will be on equal footing.

    Interesting that you're also in the proverbial back-yard of one of the most citizen and union-hostile law firms around.

    From this source
    One example of their dirty work:

    A. The law requires an employer to post the LCA for ten days in two âoeconspicuousâ locations at the worksite where the H-1B worker will be employed. Acceptable locations for posting are where other notices, i.e., OSHA Notice, Wage and Hour Notice, etc., are displayed. After the ten day posting period, the LCA should be taken down, and a memorandum detailing the dates and locations of posting should be prepared and placed in the public access file. Another:

    A. The public access file must be open for public examination upon request. The employer, however, is not required to make employees aware of the existence of the public access file nor make it generally known that this information is available for public review. In an H-1B visa program compliance investigation, DOL will ask to view the file, but it does not regularly check public access files otherwise.
    --
    Twitter supports and protects racists - by smearing their critics with the "Hate Speech" label.
  56. Yay! Pittsburgh Represent by CrazyTalk · · Score: 1

    As one of hundreds of thousands of former Pittsburghers living in "Exile" due to the lack of jobs in our once fair city, this is welcome news indeed! Too bad I don't think it will ever come to fruition - the former steel mills are either vacant, contaminated lots or cheesecake factories and movie theatres. The infrastructure just isn't there to bring back a steel industry in any meaningful way without spending billions and billions (then again, thats the cost of just a couple days in Iraq....)

  57. Re:higher oil prices = higher prices = higher wage by CrazyTalk · · Score: 1

    Huh? The reason they would move jobs back to the US is because the products would actually become CHEAPER to make here, versus make there and ship. Thats a win-win. Welcome to the USA, the new third world country.

  58. Office Hours by nbritton · · Score: 1

    I'd rather have a 6 day work week with 6 hours of work per day for 36 hours a week. Two shifts would be nice too, 7am - 1pm and 1pm - 7pm. I'm not a morning person so I'd take the 2nd shift.

    You could also do a 7 day work week with 5 hour per day for 35 hours per week.

    1. Re:Office Hours by lena_10326 · · Score: 1

      I'd rather have a 6 day work week with 6 hours of work per day for 36 hours a week.
      Errrm.. I don't think you want that. When project is being rushed, you'll be working 8am-9pm Mon-Sat, instead of 8am-9pm Mon-Fri.

      --
      Camping on quad since 1996.
  59. Re:Interersing trend... kaPOW! by davidsyes · · Score: 1

    "simply a symptom of America's slip from "world superpowe""

    "BANG!" "POW!" "SPLAT"

    YOU are Batman, umm, I meant, Bruce Wayne, aye?

    Or, are you trying to say the whirled is banging and ganging up on the USA, hehhehe?

    --
    Previously: "Linux... Toward the Sunrise..." Now: "Linux... Toward the-- No, now, part of Every Sunrise"
  60. Crappy poorly paying Jobs coming home.... by KozmoKramer · · Score: 1

    And the cheap foreign labor within the US is being deported. This will probably not last for long, and who cares if it did.

    --
    My name is Inigo Montoya. You killed my Father! Prepare to die!
  61. Re:higher oil prices = higher prices = higher wage by monxrtr · · Score: 3, Informative

    Less energy afforded and produced makes the world net poorer exactly the same way less food afforded and produced makes the world net poorer. Decreasing the supply of drinking water by half may make the price of that water double, but that means the world is twice as worse off by definition of having half as much water.

    Increasing the costs of trade is just increasing the costs of the division of labor. Would you be better off if you to make everything you have completely by yourself? Grow and harvest your own food, make your own clothes, build your own house, manufacture and build your own computer? You wouldn't have enough time and skill to do it all by yourself and thus you would be much poorer operating as an isolated autocratic individual.

    --
    "From DNA to P2P, we are all Copycats now. Go Go Copycat Power! Copycat Powers activate! Form of, a Copycat." --monxrtr
  62. Higher Prices Means Bigger Ships. by arthurpaliden · · Score: 1

    Higher oil prices will be result in higher shipping costs. That is until shipping companies start building bigger ships to offset the cost of that shipping especially in regards to bulk cargos.

  63. Re:Interesting trend... by Maxo-Texas · · Score: 1

    Interest Rates went to 1-2%. That is why houses got so expensive at first, then the financing industry went crazy.

    --
    She was like chocolate when she drank... semi-sweet at first and then increasingly bitter.
  64. Re:Misleading about Steel! Already restricted by mindaktiviti · · Score: 1

    In my opinion it's because of technology. China gets a lot of cheap, fast, and high quality machinery from Taiwan, whereas a lot of machine shops in North America are using old stuff that can maybe turn out steel at 4,000rpm. In my opinion, technology - and yes, management - are why countries like China have cheap products. Not because of labour costs (these are minimal when it comes to part making).

  65. meaningless... by Anonymous Coward · · Score: 0

    if the total oil usage as a planet is up and up year on year... how is that reducing so called global warming?

  66. Value of the Dollar and cost of goods by PIPBoy3000 · · Score: 2, Informative

    One of the things that's going on is that the value of the dollar continues to fall. For years, overseas producers were hesitant to lower the price in the US, even though they were getting less for their goods. This was because the US is such a huge market and they didn't want to lose it. Because of this, prices tend to be "sticky", so things will stay at 10 cents per item until suddenly all the manufacturers decide they have to bump up the price to the next "even" amount.

    Gas and oil are such global commodities that they were the first to jump up in price. Now we're seeing other goods do the same. I think the US is getting to the point where it's no longer the rich superpower it used to be, and that places like China and the EU can dictate economic terms to a larger degree than in the past.

    1. Re:Value of the Dollar and cost of goods by gnuman99 · · Score: 1

      Prices in the US are still far the cheapest for vast majority of goods. 20-30% cheaper than in Canada, for Pete's sake!

      Here in Canada we used to get bullshit when our dollar went up to par with USD about,

          1. inventories
          2. contracts
          3. it's even out eventually

      Well over 1 year later, people here still getting ripped off. Same thing for Europe where prices can be even higher.

    2. Re:Value of the Dollar and cost of goods by Cocoshimmy · · Score: 1

      I feel your pain bud. We need to stand up to the retailers and tell them we won't take it. Next time you're gonna buy something big, demand the competitive american price or threaten to walk out and buy it from the US. This may save you the hassle of importing and works very well when buying things like cars and motorcycles since in the US most dealers will sell you a car below the US MSRP which is already several thousands less than the Canadian MSRP (in some cases 10s of thousands) so obviously their profit margins must be huge. And don't buy their bullshit about 'import duties', 'Canadian warranties' or the fact that the canadian models are 'Weatherized'. Most warranties are valid if you put up a fuss, import duties are capped at 6.1% and weatherisation is just a different type of anti-freeze.

  67. Re:Yep. by TornCityVenz · · Score: 1

    Are you implieing that we are running around in circles with no decernable goal? If yes then I agree. What America needs now is a goal, America is a country that is at it's best when we have something to do. Was there a better time in our history then when the president vowed to put a man on the moon? How many jobs were created by this effort? How many great technogies resulted from it? How many children were given a dream of some alturistic job they could aspire to in the future? Let's put a fist down on the podium and say "We are going to colonize mars" or "We will have a university for astronomers on the moon!"

    --
    I Need someone to rebuild a Digitech Digital Delay pedal for me....for me...for me...for me.
  68. Ob. Simpsons by HungSoLow · · Score: 1

    Aye aye Captain. Setting course for Rigel 7... errr... I mean the 1970's.

  69. I thought cost of labor was less of a factor now by shoor · · Score: 1

    I thought there was so much automation nowadays that the cost of labor wasn't much of a factor anymore. Why ship to China for cheap labor if labor is only a small factor of production? Of course, if China had the modern infrastructure and we didn't, then we would have to make the capital investments to modernize our infrastructure.

    --
    In theory, theory and practice are the same; in practice they're different. (Yogi Berra & A. Einstein)
  70. Distance is still dirt cheap by the_other_chewey · · Score: 2, Interesting

    From the summary: Distance costs money, and when you have to shift iron ore from Brazil to China and then ship it back to Pittsburgh, Pittsburgh is looking pretty good at 40 bucks an hour.

    No it isn't if the alternative is (probably less than) 40 bucks per month.

    True, handling and treatment of raw materials may be one of the first things to become cheaper when
    handled in what I'll call "the west" as opposed to "the east", because huge quantities are handled
    by relatively few people.
    But what are we going to do with all those raw materials at home? They still need to be transformed
    into consumable goods, which involves much more labour - cheapest done "somwhere else".

    True, sea transport costs more than twice es much today than just a few years ago, but if you look at the
    absolute numbers, it still is more or less for free compared to the worth of the shipped goods. There needs
    to be at least another tenfold increase in shipping costs before businesses really start to feel it in
    their manufacturing costs.


    I know for a fact that it is (in quite a lot of cases much) cheaper to import presorted recovered paper
    (for paper production) from China and India to Europe than to collect it and have it sorted in Europe directly.
    Transport costs simply don't matter in that case.

    This situation is changing at the moment - not because of higher bulk shipping rates, but because of developing
    paper industries in China and India, consuming more of the recovered paper on the spot, thereby increasing prices for
    the exported good "recovered paper". Interesting side effect: The shipping costs' percentage in the total price/weight is
    therefore even decreasing.

  71. Re:higher oil prices = higher prices = higher wage by tomhudson · · Score: 1

    Bad analogy. Take your analogy of water - less water wasted doesn't make the world poorer. It makes it richer, since that means less wasted chemicals treating waste water, and less pollution and energy consumed.

    Or ae you going to argue that lo-flow shower heads, that help people save water AND energy, somehow make everyone poorer? Come on.

    As for "half the food produced" - the average American can afford to eat a lot less. Let me change that - they'd be a lot better off eating a lot less.

    This is not about increasing the cost of trade - it is ending the artificial market distortions of trade that artificially low energy costs created. Stop equating excess consumption with wealth. The world is not "poorer" because you can no longer afford to drive a piece of shit gas guzzler like a Hummer or an Escalade. The world is better off. If you feel poorer because you can't afford to "make a statement" by driving a Canyonero, spend the money you save on gas and glitz on a few sessions with a shrink to find out why your ego is so dependent on prolifigate, ostentatious consumption.

  72. No, it's no-where near it. by Fluffeh · · Score: 1

    This isn't a broken window at all. The broken window assumes that both parties are in the same local region - quoting that exact story, the tailor and the glazier are both local men. Here, one part of the story is a local business (the steel mill for example) and it is competing with a totally unrelated foreign business. The distinguishing difference is that your money can either stay in your local area - meaning that you actually do gain something AND retain the money in a local enterprise - or it can leave for another distant business where you gain the goods in return for the money - but your local area does not benefit from the sale past that.

    --
    Moved to http://soylentnews.org/. You are invited to join us too!
    1. Re:No, it's no-where near it. by Idiomatick · · Score: 1

      thats fine. I meant it as a broken window fallacy applied to the planet earth. I doubt it will be beneficial to the US by that much. And with an international loss i see it as a bad thing.

  73. Re:It's also putting the kibosh on the American Dr by Anonymous Coward · · Score: 0

    You need a new job, dude. You are trying all the options of buying elsewhere cheap, telecomuting, etc. Why not pick where you want to live, and start shopping for a job close to it ? Then, when you have an offer in hand, show it to your current boss and make clear that you need a raise to cover commuting, or you are gone.

  74. Geez. Works both ways. by Fantastic+Lad · · Score: 2, Insightful

    Exports will also go down.

    Ask anybody in the mail order business if the ballooning shipping charges have hurt or improved sales. Same goes for food prices, or anything which needs to be moved from point A to point B.

    Greed destroys itself. --And let's not make any mistakes here; the higher fuel prices are being artificially inflated. It's a short-term money grab which will of course threaten the continued health of the oil industry and many of our daily economic realities.

    I'd certainly enjoy seeing that happen, (especially if it involves the hanging of Bush and his oil cronies), although the collapse will be painful. We're probably going to see lots of unnecessary deaths from cold this winter, lots of frost-bitten children in emergency wards, and that will be difficult to live through. It will take a while before new systems are found to replace the rotten old ones, but New is good when it comes to the cycle of life and decay.

    Where I do find this positive is in the alternative power markets; electric vehicles actually have a shot at market viability. That could be a really cool thing to see. --If new schemes are implemented smartly, that is.

    But seriously. Let's hang Bush.


    -FL

  75. Not invisible hand...Invisible Fist! by AmazingRuss · · Score: 1

    NT

  76. X Square Circle by tepples · · Score: 1

    360 degrees...something doesn't feel quite right Once Microsoft starts making its video game consoles in North America, things will have turned around the 360.
  77. Jobs? by b4dc0d3r · · Score: 1

    Was he on vacation?

  78. Law of Unintended Consequences by SEWilco · · Score: 4, Interesting

    Environmentalists have been hoping for high fuel prices, to encourage use of less fuel.
    They weren't expecting the return of blast furnaces to Pittsburgh, however. So we burn a little less gasoline, and dump tons of coal and limestone in the steel furnaces.

    1. Re:Law of Unintended Consequences by DigiShaman · · Score: 2, Interesting

      I've got a better one for you.

      Environmentalists are restricting the US from drilling in and around our own country. But, the demand will never change. Ironically, all they are doing is shifting the burden of oil extraction and refinement to other countries. I seriously doubt these other countries will do a better job than the US at looking after the environment too.

      Can we all say togeather now "one step forward, two steps back"?

      --
      Life is not for the lazy.
    2. Re:Law of Unintended Consequences by bark · · Score: 1

      What an american-centric viewpoint. Haven't you thought of how making products in china causes the same "tons of coal and limestone" to be consumed?

    3. Re:Law of Unintended Consequences by Anonymous Coward · · Score: 0

      Well the blast furnaces have to be SOMEWHERE Pittsburgh or Beijing, same effect. why would they not care about air pollution in other countries, unless they are socialists in which case the objective is actually to allow communists to catch or surpass the west economically. Well, just a theory....

    4. Re:Law of Unintended Consequences by khallow · · Score: 3, Insightful

      Actually, it appears to me that we're using less fuel. More of the coal and limestone is being used in the US, near the demand. But overall the key difference is things are getting moved around a bit less.

    5. Re:Law of Unintended Consequences by rhakka · · Score: 1

      how about "race to the bottom", when we drill everything we've got to buy 15 more years of cheap gas with no exit strategy?

    6. Re:Law of Unintended Consequences by Anonymous Coward · · Score: 0

      Environmentalists have been hoping for high fuel prices, to encourage use of less fuel.
      They weren't expecting the return of blast furnaces to Pittsburgh, however. So we burn a little less gasoline, and dump tons of coal and limestone in the steel furnaces.

      It's the same amounts of coal and limestone, it's just we're dumping it into furnaces in Pittsburgh instead of China -- most environmentalists don't care where the carbon is emiteed, just the amount.

    7. Re:Law of Unintended Consequences by skeeto · · Score: 1

      They weren't expecting the return of blast furnaces to Pittsburgh [...]

      Won't they be surprised when they go back to find that all the old Pittsburgh blast furnaces are gone ... replaced by various shopping centers. :-P

    8. Re:Law of Unintended Consequences by SEWilco · · Score: 1

      why would they not care about air pollution in other countries
      Have you been hearing about it? Think we'll hear about environmental impacts of the USA steel plants?
    9. Re:Law of Unintended Consequences by Anonymous Coward · · Score: 0

      But then again, it's not like this is a net increase in the number of blast furnaces - it's just a relocation. The global impact will stay the same or even be reduced; environmental regulation in the US is at least stronger than in China. Sucks to be in Pittsburgh I guess - unless you're newly employed at a blast furnace?

    10. Re:Law of Unintended Consequences by Thelasko · · Score: 1

      So we burn a little less gasoline, and dump tons of coal and limestone in the steel furnaces. I fail to see your point:
      a) The coal and limestone would be going into blast furnaces in China anyway.
      b) Blast furnaces in the US are likely more environmentally friendly.
      c) The coal and limestone are used to chemically alter the metal. It actually frees some oxygen from the iron ore in the process. The resulting slag may be used as fertilizer or as a component of cement.

      True, it's not the most environmentally friendly process, but it's not like your just throwing those materials into a pit and burning them either. The biggest environmental benefit from this may be increased steel recycling due to the expense of refining it from ore. I know aluminum and copper recycling has been hugely profitable lately. A beer can is worth about $0.02 scrap value. It doesn't sound like much, but it adds up quickly. Two cases of beer and you have a dollar worth of Aluminum.
      --
      One of our competitors trademarked the term "hypothesis". From now on, we will call them "boneheaded ideas".
    11. Re:Law of Unintended Consequences by dpilot · · Score: 1

      > b) Blast furnaces in the US are likely more environmentally friendly.

      I saw a talk once that indicated that this wasn't necessarily the case. The talk was in the 80's, so they weren't comparing American steel to Chinese steel, rather to European and Japanese steel. The upshot of the talk was that the US infrastructure and factories came through WWII unscathed, whereas the industrial infrastructure in Europe and Japan was pretty badly damaged. So to get into the steel industry, they had to build anew - with newer, more modern, more capable, more efficient machinery. Once they came online they were much better poised than our pre-WWII era steelmaking equipment. At the very least, a more efficient machine uses fewer resources and has that level of environmentalism.

      OTOH the surviving US steelmaking industry has likely modernized, and isn't running on pre-WWII machinery any more. In addition, I have this nagging, perhaps stereotyped attitude that Chinese steel is made on do-it-fast, do-it-now, nothing else matters tools, which could well be quite dirty.

      --
      The living have better things to do than to continue hating the dead.
    12. Re:Law of Unintended Consequences by Anonymous Coward · · Score: 0

      Yes, but at least the PA steel mills meet some minimal level of emissions control. The Chinese don't give a damn, they let their industries pollute like hell and watch the smog blow across the Pacific so we can breathe it the next week. There's a reason the Chinese industries will be throttled down during the Olympics.

  79. Transportation is still a huge problem by moosesocks · · Score: 2, Interesting

    Although high oil prices will force us to live more frugally and locally (probably a good thing in terms of the environment), the US has the small problem that its transportation infrastructure is designed based around the roads. Cars specifically.

    A coherent bus network simply doesn't exist, Amtrak is a pathetic mess, and Americans (white people, specifically*) hate the concept of public transport.

    *I hate to bring race into this, but for whatever reason, it's more or less a heavily recurring trend that, outside of big cities, white Americans don't use public transportation. I'm white, in my 20s, and take the bus to work every day. It's an extremely rare situation to spot somebody from my own demographic on the bus that isn't also homeless.

    --
    -- If you try to fail and succeed, which have you done? - Uli's moose
    1. Re:Transportation is still a huge problem by Telepathetic+Man · · Score: 1

      The old infrastructure, shipping lanes (Mississippi & Great Lakes) as well as the railroad is still there. I'd estimate that 50% of ridership in the Twin Cities is now caucasian of a wide variety social and economic classes. This and our public transportation still is not up to the same level as other metropolitan areas of our size.

      --
      Just because you can, does not mean you should.
    2. Re:Transportation is still a huge problem by Anonymous Coward · · Score: 0

      I hate to bring race into this... I don't think that it's a "black and white" issue - my experience of using public transport around San Jose at the bottom end of silicon valley is that your fellow passengers aren't likely to be European- or African-American, but from various places in Asia. I guess that they're mainly people temporarily there on working visas, and "getting the tram into town" is something that you'd do quite normally at home, and so tend to do when abroad too.
    3. Re:Transportation is still a huge problem by gatkinso · · Score: 1

      More of a commentary on affluence rather than race (which some would argue correctly falls more or less within racial boundaries).

      Now find out - how many blacks with a household income > $70,000 / year are taking the bus.

      Not many, would be my guess.

      --
      I am very small, utmostly microscopic.
    4. Re:Transportation is still a huge problem by microTodd · · Score: 1

      This is my number one peet peeve...lack of public transportation infrastructure in the majority of the US.

      Whenever I travel to Atlanta, or San Jose, or whatever, I always take the bus and subway (Caltrain!) around. Its awesome. But I live in a semi-major metropolitan area (Orlando) and the bus system sucks. I would take the bus to work but the closest stop if 4 miles from my house. And I don't live in the boondocks...I live right in the middle of one of the largest suburbs.

      --
      "You cannot find out which view is the right one by science in the ordinary sense." - C.S. Lewis on Intelligent Design
    5. Re:Transportation is still a huge problem by everphilski · · Score: 1

      Maybe because, if you'd look outside your bus window, you'd see me: white, in my 20's, riding my bicycle.

    6. Re:Transportation is still a huge problem by NeoSkandranon · · Score: 1

      Now find out - how many people with a household income > $70,000 / year are taking the bus. Better question IMO. Why bother with race at all?

      Seems to me like public transport is viewed as the domain of the poor and homeless at least in my area regardless of demographic.

      On another tangent, there's also the problem of sprawl--many of a city's population centers are suburbs, and at least here, the buses don't go out that far.

      I personally would love to be able to take a bus or light rail (which the local gov't is immensely proud of having just rolled out) but I neither live nor work where they go, so I have to drive.

      --
      If you can't see the value in jet powered ants you should turn in your nerd card. - Dunbal (464142)
    7. Re:Transportation is still a huge problem by Sally+Forth · · Score: 1

      Outside of big cities, white Americans can't GET to public transportation. My nearest bus stop is nearly 5 miles away. Let's see... an hour and a half long walk followed by an hourlong bus trip to get to the grocery store, or a 20min car ride and the back of the wagon to put groceries in when you're done? I'd like to get my milk home before it curdles, thankee.

      The issue you're seeing is "white Americans are more likely to live further away from the public transportation system", not "white Americans have more of a problem with taking it than minorities".

  80. Re: piracy by Anonymous Coward · · Score: 0

    They'll listen to Reason.

  81. Re:Shipping In Overseas Brains by Anonymous Coward · · Score: 0

    and rising antiscience faithy culture
    You are talking about the secular religion of "Global Warming" and their indulgences "carbon credits", correct?

  82. Fantastic by Anonymous Coward · · Score: 0

    So does this mean that switching to alternative fuel sources is a bad thing now?

  83. Re: more SEX?? by Dare+nMc · · Score: 1

    No, it's a lose-lose broken window fallacy.
    just because replacing a bunch of broken windows makes society worse off, the window installer still makes out better (90% lose, 2% win)
    So manufacturing jobs may come back to the US, everyone else gets to buy less stuff. But that is just talking the economy, quality of life can still improve. IE it may be possible that fewer work hours + fewer toys + less entertainment$ = more sex+ more family time. (MLK isn't the only one allowed to have a dream, right?)
  84. Vietnam is the new China by tekrat · · Score: 1

    There will always be someplace cheaper. Sooner or later there will be a country with Slave Labor and we'll go there, human rights violations be dammed. When was the USA economically the strongest? When we had slavery, and then later chain gangs.

    After Vietnam it will be North Korea.

    And just wait until those African countries get industrialized. If you think China was cheap, wait until we're sending everything to Botswana.

    --
    If telephones are outlawed, then only outlaws will have telephones.
    1. Re:Vietnam is the new China by fishthegeek · · Score: 1

      I strongly take exception to the view that we were economically strongest during America's slavery or chain gang periods. Would you kindly post links to GDP or any other statistics to substantiate your claim? America by the way has seen it's highest periods of growth and wealth following major European wars.

      --
      load "$",8,1
  85. Re:Interersing trend... in 1985 by dbIII · · Score: 2, Insightful
    Back in 1985 there were books about that said in 2000 nuclear power would be truly wonderful and not the bloody difficult way to boil water it was back then. Unfortunately the shiny future did not arrive so I suggest getting up to date instead of assuming that a perfect world just happened with no effort expended.

    It seems all the nuclear advocates I run across here are stuck in 1985 with this problem - will a nuclear advocate with a clue please stand up?

  86. Re: piracy by tresriogrande · · Score: 0

    armed merchant vessels are the pirates, usually.

  87. How about... by v(*_*)vvvv · · Score: 1

    The government loaning businesses money to go oil free. Buying hybrid cars and installing solar panels and lowering electricity usage by installing more efficient machinery and air conditioning systems and light bulbs are all often cheaper in the long run. Then why don't we do it? The time and money it costs now.

    If the government would to step in and help push these eco-dead-brainer upgrades for the benefit of their own good, I think America would look a whole lot cleaner in 5 to 10 years. The businesses would also be happier. This is called "real help".

    Just a thought.

  88. Solutions by shmlco · · Score: 1

    The nasty side of the equation is that if we come up with good solutions for the fuel problems (hydrogen, algae-based fuels, etc.) we could immediately reverse the trend.

    --
    Any sect, cult, or religion will legislate its creed into law if it acquires the political power to do so.
  89. Re:Size of product isn't the issue, cost is the is by IvyKing · · Score: 2, Informative

    Are you kidding? You think that the product size actually matters? There is very little difference in shipping a container of refrigerators vs. a container of pens. It's a tiny fraction of fuel economy (a few percent) due to weight differences. The cost & distribution challenges come in breaking up the product at distribution centers, but that happens regardless of where the product is manufactured.


    You're right in there is little difference in the cost between shipping a container of pens versus a container of refrigerators. The difference is that a container load of pens is worth more than a container load of refrigerators and the container of fridges would probably weigh less than the one filled with pens. A 40' ISO container has a maximum loaded weight of about 35 short tons. Let's take a pessimistic estimate for RR fuel consumption of 350 ton-miles per gallon (the Florida East Coast averages in excess of 1,000 ton-miles per gallon due to the flat terrain). This gives us about 10 miles per gallon for the container, so 1,000 gallons of diesel fuel will get you 10,000 miles. BTW, at speeds above about 25 mph, trains are more efficient than ships.

  90. Hindenburgers!!! by shmlco · · Score: 1

    I vote for massive cargo-carrying, solar powered airships! You could also fly 'em to where they're needed, as opposed to have to stop and transship from a costal port.

    --
    Any sect, cult, or religion will legislate its creed into law if it acquires the political power to do so.
  91. Funny you should mention that... by shmlco · · Score: 1
    --
    Any sect, cult, or religion will legislate its creed into law if it acquires the political power to do so.
  92. Clear cutting relates to oil drilling how, again? by Anonymous Coward · · Score: 0

    I'm not saying you don't make some valid points, but clear-cutting a Mediterranean island and drilling for oil in the sub-Arctic and two wholly different things that effect their respective ecosystems in much different ways.

  93. Finally some good news for a change... by djfuq · · Score: 0

    I am sick of hearing how bad it is that oil is expensive. Bring the motherfuckers of doom on! I want to see planetary war! I want to see the fucking oil become more than just the bane of existence, I want it to become your fucking god! Fuck your god!

    --
    Dj fuQ [url="http://djfuq.org"]djfuq urges you to listen to the beats[/url] [url="http://djfuq.org"]http://djfuq.org[
    1. Re:Finally some good news for a change... by stoofa · · Score: 1

      I think we can see from your calm temperament that caffeine prices should rise a little bit too to reduce consumption.

  94. Sherman, set the wayback machine for 1975 by neBelcnU · · Score: 1

    from 3 Days of the Condor (http://en.wikiquote.org/wiki/Three_Days_of_the_Condor)
            Higgins: No. It's simple economics. Today it's oil, right? In ten or fifteen years, food. Plutonium. And maybe even sooner. Now, what do you think the people are gonna want us to do then?
            Turner: Ask them.
            Higgins: Not now -- then! Ask 'em when they're running out. Ask 'em when there's no heat in their homes and they're cold. Ask 'em when their engines stop. Ask 'em when people who have never known hunger start going hungry. You wanna know something? They won't want us to ask 'em. They'll just want us to get it for 'em!

  95. Re: piracy by PCMeister · · Score: 1

    While insightful (not trolling here), one should consider the arming of the average vessel from a law enforcement, or rather maritime enforcement point of view. Don't get me wrong, I'm all for this; but it would have to be with the implementation of proper communication channels, among other things.

    In order to protect Maritime Enforcement crews, Rules of Engagement would have to be revisited so they would be able to defend themselves if they come across a 'pirate' vessel. In addition, a 'crime watch' system should be put in place where vessels report suspicious actions, by way of identifiable transmitter. As a disincentive to filing fraudulent reports (ie. against a competing vessel), a checks and balances system of sorts would be enacted so that such vessels would be fined.

    While pure conjecture at this point, it would be a good place to start; IMHO of course.

  96. Re:It's also putting the kibosh on the American Dr by Spy+Handler · · Score: 2, Insightful

    When my Dad was my age, the loan on his (our) house was up - and he was a factory worker. Today, I make almost four times what he did, and can't even afford a three bedroom house. So much for the American Dream.

    The society that your dad lived in, was built by the Greatest Generation... the one that endured the Great Depression and won WWII.

    The society that you live in, was built by worst generation (IMO), children of the 60's (Clintons, GWBush etc.)

  97. Re:It's also putting the kibosh on the American Dr by damonlab · · Score: 0

    I live in Detroit, the complete opposite of the normal American city. Houses in the city are dirt cheap and the houses in the suburbs are expensive as hell.

    Suffice it to say I live in the city and have a cheap commute.

  98. Re:Interersing trend... in 1985 by sycodon · · Score: 3, Interesting

    Perhaps you missed the part where the libs, enviro-whackos, and "intellectuals" lobbied successfully against building any new reactors.

    Why the hell should anyone research nuclear power generation technology when there was no way to build them and recoup the research costs?

    You guys fucked it up big time in the 80s by shutting down nukes. Now you are all shitting bricks over "climate change" (not Global Warming anymore, is it?...at least not for another 10 years)

    So the one thing that could have averted the latest end-of-the-world scenario is dead in the water because of a previous end-of-the-world scenario.

    --
    When Fascism comes to America, it will call itself Anti-Fascism, and tell you to give up your guns.
  99. Missing assumption by Weaselmancer · · Score: 5, Insightful

    You're assuming that OPEC and other sellers won't decrease output to keep production (and therefore, prices) exactly where they are.

    All drilling in Alaska is guaranteed to do is to screw up Alaska.

    --
    Weaselmancer
    rediculous.
    1. Re:Missing assumption by Anonymous Coward · · Score: 0

      All drilling in Alaska is guaranteed to do is to screw up Alaska.

      And it's not even guaranteed to do that, except for those drinking from the extreme environmentalist cool-aid.

      America is one of the heaviest regulated countries. There's all kinds of rules on how a company can build without disrupting wildlife and eco-systems. Drilling in ANWAR would likely have greater regulations than those already in place to make sure the general ecosystem won't be screwed up.

      This idea that simply drilling for oil in ANWAR will result in strip mining the entire area is just preposterous.

      You're assuming that OPEC and other sellers won't decrease output to keep production (and therefore, prices) exactly where they are.

      And that's a bad thing?

      No, it's not. America using American resources will always be better than using foreign sources. If OPEC lowers production, then prices WILL stay high... but America won't be importing as much and the high prices will continue to keep demand low.

      So, what happens? America's trade deficit starts to shrink and might actually leave the red (given the rate of inflation in the globalizing markets of China and India, along with increased demand for their own regulation costs put upon them by nations who are their main exporters).

      All the oil executives (after congress again failed to prove any malice by the oil companies and simply love to dance and wave their arms to make themselves look like they're doing something, then they're not) and heads of OPEC have publicly stated that Oil prices should not be at the levels they're at and the costs are due to speculation. They claim barrels of oil should be about $60 - $90. So, why aren't they?

      Because of the "oil bubble" know as speculation. There's this new trend that stock market folks are moving as a mass. The tech. bubble in 1999, recently the housing market, and now oil (and gold and steel and pretty much any metal).

      Just passing a law opening up ANWAR and off-shore drilling in the US would be enough to pop this oil bubble. The simple idea of flooding the market with more supply, regardless of OPEC's reaction, will bring oil costs back into line. Not even counting the actually supply increases effect, which I pointed out the benefits above (trade deficit, independence)

      In the end, this simple idea that "drilling in ANWAR and off-shore" will destroy the environment is overblown rhetoric of people trying to push a political agenda. It's a romanticized idea of "protecting" the environment. There's far more environmental protection acts that are far more effective than this.

      If you want to protect the environment, then how about getting ride of ethanol mandates? That's doing far more to destroy the GLOBAL environment (more pollution, more rain-forest deforistization, adding more lorries to the road) than get back America's freedom from the oil sheiks of the middle east who shit on golden toilets and wipe with gold toilet paper.

    2. Re:Missing assumption by skarphace · · Score: 1

      No, it's not. America using American resources will always be better than using foreign sources. If OPEC lowers production, then prices WILL stay high... but America won't be importing as much and the high prices will continue to keep demand low.
      I'd argue that we should wait as long as possible before tapping into the last of our resources. Considering the fact that we'll need oil-based fossil fuels for quite some time, and 'peak oil' is either here or coming in the next 25 years or so... Why not wait for when the oil wars start so we'll guarantee that we, and our allies have an ample supply to survive.

      I'd also argue that this is the reason why the US hasn't released anything from the reserve in quite some time.

      Just passing a law opening up ANWAR and off-shore drilling in the US would be enough to pop this oil bubble. The simple idea of flooding the market with more supply, regardless of OPEC's reaction, will bring oil costs back into line.
      Earlier in your post you argued directly against that and agreed with the GP that OPEC would probably just adjust supply to price fix oil. Futures market investors, especially in energy, keep a pretty good awareness of the market. They know what to expect(and how to manipulate it all) and will most likely not allow the prices to drop.
      --
      Bullish Machine Tzar
    3. Re:Missing assumption by operagost · · Score: 1

      All drilling in Alaska is guaranteed to do is to screw up Alaska.
      How? You do realize that we already drill in Alaska, and that wildlife thrives near the pipeline?
      --

      Gamingmuseum.com: Give your 3D accelerator a rest.
    4. Re:Missing assumption by biolysis · · Score: 2, Insightful

      It pains me to see someone modded up while providing nothing to the discussion other than the same old retarded screed.

      Can you explain how you've come to the conclusion that drilling in Alaska is "guaranteed" to screw it up, or are you just making shit up?

      Answer: making shit up. Not you, nor anyone else can predict what the outcome of drilling in Alaska wold be, so both sides shooting off their idiot mouths with unsubstantiated predictions is ridiculous. One side is claiming it won't make a difference in price while ignoring the psychological aspect of increased supply, while the other side is lying about how much space will be used and what the worst case scenario for a disaster would be. Facts are conspicuously absent and have been replace with pure unadulterated speculation, obviously biased speculation at that.

      You have no way of knowing what would happen, and you sound like an asshole when you pretend you do.

    5. Re:Missing assumption by EnergyScholar · · Score: 2, Interesting

      Yes. OPEC will decrease production soon. They will do this to keep prices high. They will also do this because they have no choice.

      Currently only Saudi Arabia has any excess oil production capacity, and even this is illusory: most Saudi "spare capacity" is 'sour', high-sulphur-content oil that no one especially wants; the rest of Saudi "spare capacity" can only happen if they squeeze the Ghawar facility harder, which will cause (has already caused!) a reduction in ultimate recoverable in that basin.

      In other words, if Saudi Arabia increases production in 'sweet oil' they risk slitting their own throats by destroying their production capacity. Oil extraction works that way.

      Yes, OPEC will certainly decrease production. All the more reason to abandon oil-based systems, the sooner the better. It's a pity this will result in billions of human deaths.

    6. Re:Missing assumption by Anonymous Coward · · Score: 0

      Just posting to reset my mod points and avoid a gross error in clicking!

    7. Re:Missing assumption by bonehead · · Score: 1

      Careful. If you start littering the discussion with facts, you might make the enviro-whacko's heads explode.

      I'd normally be all for that, but it sure sounds messy.

    8. Re:Missing assumption by CKW · · Score: 1

      And if you're smart enough to not drill in Alaska now, when OPEC *really* runs out of oil, you'll still have some of your own to make a killing with!

    9. Re:Missing assumption by Weaselmancer · · Score: 1

      Can you explain how you've come to the conclusion that drilling in Alaska is "guaranteed" to screw it up, or are you just making shit up? Sure thing, fella. Drilling a bunch of holes in something is pretty much a working definition of screwing it up. Add into that the fact that fallible people are running the show and you pretty much have a "not if, but when" scenario.

      Not you, nor anyone else can predict what the outcome of drilling in Alaska wold be, so both sides shooting off their idiot mouths with unsubstantiated predictions is ridiculous.

      Of course I can't predict. "Pray for sunshine, plan for rain." Ever hear of that one?

      You're obviously not an engineer.

      --
      Weaselmancer
      rediculous.
    10. Re:Missing assumption by Lost+Race · · Score: 1

      Drilling a bunch of holes in something is pretty much a working definition of screwing it up.

      http://drilledrotor.net/

    11. Re:Missing assumption by Weaselmancer · · Score: 1

      Not the best example - my dad was a gearhead and told me never to do this. Here's why. He got to watch one fail pretty spectacularly once. Guy lived to tell about it though - sheer luck.

      So yeah, I know not everything that has a hole drilled in it is automatically bad. I get where you were going with that. But Alaska probably isn't on that list.

      --
      Weaselmancer
      rediculous.
  100. Here's what happened by Rob+Simpson · · Score: 2, Interesting
    In 1986, a bunch of halfwit incompetents violated the safety procedures of a reactor that had a criminally flawed design. The Canadian NRX reactor had a meltdown twenty-five years before the Chernobyl power plant was built:

    On December 12, 1952 a combination of mechanical failure and human error led to a now-famous power excursion and fuel failure in the NRX reactor at AECL Chalk River Laboratories. At the time NRX was one of the most significant research reactors in the world (rated at that time for 30 MW operation), in its sixth year of operation.

    During preparations for a reactor-physics experiment at low power, a defect in the NRX shut-off rod mechanism combined with a number of operator errors to cause a temporary loss of control over reactor power. Power surged ultimately to somewhere between 60 and 90 MW over a period of about a minute (the total energy surge is estimated to be approximately 4000 MW-seconds). This energy load would normally not have been a problem, but several experimental fuel rods that were at that moment receiving inadequate cooling for high power operation ruptured and melted. About 10,000 Curies of fission products were carried by about a million gallons of cooling water into the basement of the reactor building. This water was subsequently pumped to Chalk River Laboratories' waste management facility, where the long-term ground water outflow was monitored thereafter to ensure adherence to the drinking water standard. The core of the reactor was left severely damaged.

    This accident is historically important, not only because it was the first of its type and magnitude, but also because of its legacy to Canadian and international practice in reactor safety and design. Nobody was killed or hurt in the incident, but a massive clean-up operation was required that involved hundreds of AECL staff, as well as Canadian and American military personnel, and employees of an external construction company working at the site. In addition the reactor core itself was rendered unusable for an extended period. Environmental effects outside the plant were negligible, as was radiation exposure to members of the public. The health record of AECL and Canadian military personnel involved in the clean-up was scientifically reviewed in the 1980s (no significant health effects were observed).

    Several of today's fundamental safety principles of reactor design and operation stem from the lessons learned at this formative stage of Canada's nuclear program, making Canada an early leader in this field. Among these were:

    • the need for an independent, reliable, fast-acting shutdown system, separate from routine reactor control;
    • the need for shutdown capability even in a reactor that is already shutdown (i.e., the safest reactor configuration may not be one with all neutron absorbers in the core);
    • the need for a reactor trip on rate of change in power, in addition to a high power threshold;
    • the importance of written and thoroughly reviewed procedures for every operational and experimental activity;
    • the importance of an efficient human-machine interface in the control room;
    • the need to balance thorough safety coverage with simplicity that does not interfere unduly with operations.

    The accident also demonstrated that, due to a combination of redundant safety features, emergency procedures, and a level of inherent "forgiveness" (or robustness) in the technology, a major fuel-melt accident in a nuclear reactor can occur without significant environmental effects and radiation exposure to the surrounding population.

    The NRX core was completely rebuilt, improved, and restarted within 14 months following the accident (the first time something like this was attempted), and the reactor continued to perform for another four decades before being retired.

    As with the analysis of the accident itself, the clean-up and re

  101. Re:Interersing trend... in 1985 by pushing-robot · · Score: 2, Insightful

    The average American will whine endlessly about the dangers of nuclear power and cower under the nearest rock at first mention of "radioactive". Never mind the far worse environmental contamination caused by coal and oil power plants; nuclear is the boogeyman and white-bread Americans won't go near it.

    That is, unless it saves them money.

    Coal and oil prices skyrocketed during the 1970s, which brought lots of attention to nuclear energy and caused the average American to decide that maybe he/she had simply got off on the wrong foot with that whole nuclear scare, and that these reactor thingies that were popping up left and right just might be the miracle technology that would save us from the evil oil barons. The love affair didn't last long, however; fossil fuel prices dropped again in the early 1980s and nuclear development came to a crashing halt. There was no longer a big economic incentive, and anything 'nuclear' became the boogeyman again overnight.

    The reason nothing has improved (in the US) since your books were written in 1985 is because no new plants have been built since then; even those plants under construction in the 1980s ended up being scrapped. The US is still using primitive 30 or 40 year old reactors while countries not in a cheap-fossil-fuel-induced stupor have been developing newer, safer, lower waste designs.

    But once again, fossil fuels are expensive. And once again, Americans are seeing nuclear as the miracle solution. Until it stops saving them money.

    --
    How can I believe you when you tell me what I don't want to hear?
  102. Re:It's also putting the kibosh on the American Dr by evilviper · · Score: 1

    When my Dad was my age, the loan on his (our) house was up - and he was a factory worker. Today, I make almost four times what he did, and can't even afford a three bedroom house. So much for the American Dream.

    Your Dad obviously didn't try to buy a house in the middle of one of the most crowded cities in the country...

    You don't HAVE TO work where you currently do. You WANT to, and you pay the price in vastly higher cost of living. You could move, find a job that is a big pay cut, and yet end up being able to afford a house... For a really extreme example, you could quit your job, move your family to an impoverished sub-Saharan African country, and live like a king for the rest of your lives for a fraction the cost of a house here.

    And as a somewhat incidental tip... Look very closely at the available mass transit. Looking for a home in Los Angeles, I've charted ALL the Metro (link/rail) stops, and judge any home on how close it is to a stop. I've never been an especially big fan of public transit, but in many cases, it is extremely convenient... If you're a frequent business traveler, you're set... all roads lead to LAX (so to speak).

    --
    Slashdot gets worse every day... Pipedot: News for nerds, without the corporate slant
  103. Re: piracy by Splab · · Score: 2, Insightful

    The problem with bringing guns into a fistfight is the other part is going to step it up.

    That means instead of somewhat bloodless captures the pirates will be shooting first and looting later.

  104. No need for that by Rob+Simpson · · Score: 5, Funny

    Just don't have any children.

    Slashdot: Part of the solution!

  105. Other examples... by Anonymous Coward · · Score: 0

    So that people wouldn't think Crete was a special case, it should be mentioned that Iceland and Sahara are further examples of deforestation by humans.

    Sahara is steadily engulfing the continent of Africa.

  106. Re:Clear cutting relates to oil drilling how, agai by pclminion · · Score: 1

    My point is that the Minoans didn't understand the intricacies of the ecosystem (although in fairness, they probably wouldn't have cared even if they had). The consequences of certain actions really can't be understood except in hindsight. The mechanics don't directly map to Alaskan oil drilling, but I think in general all ecosystems function as part of complex systems that we can't fully understand until we watch how they collapse after our interference. If anybody thinks that drilling in Alaska will reduce the price of gas, they are being hopelessly wishful. But what we might end up losing could extend far beyond what appears to be just a barren plain. One thing is certain, the other is not. I think we should stick with what we understand, not a bunch of unknowns.

  107. Re:Interersing trend... in 1985 by evilviper · · Score: 1

    It seems all the nuclear advocates I run across here are stuck in 1985 with this problem - will a nuclear advocate with a clue please stand up?

    Nuclear's big problem is high initial costs. Sure, natural gas fuel is expensive, but if you consider that a sort of long-term financing, you'll probably make it up in interest on the money you've saved. It's the same problem as any other "infrastructure" issues. Government needs to be the tie-breaker.

    Things like pebble-bed reactors seem not-too-far in the future, which will distance us from the "bloody difficult way to boil water" methods currently in-use.

    Additionally, it's sad that nuclear is all exclusively about "reactors". RTGs have shown themselves to be incredibly robust in the space program, and SRGs (Radioactive heat source, running a Sterling Engine) look to increase efficiency/production by an order of magnitude. I'd kill to have an RTG/SRG in the trunk of my electric car, sized to about 1/3rd max load, giving infinite range, and powering your home or the grid when it's parked, idle, at home. With 80-year life-spans, you could buy one for life, and transfer it from vehicle to vehicle over the years. You could have large SRGs at the end of every city block, practically un-manned, in an almost Edison-esque vision of distributed power generation.

    --
    Slashdot gets worse every day... Pipedot: News for nerds, without the corporate slant
  108. Re:Interersing trend... in 1985 by smegged · · Score: 3, Interesting

    Ok I'll bite.

    Nuclear power, even when considering the one nuclear meltdown that we have had and all the deaths caused by it, has resulted in less deaths than any other form of power generation per MWh generated. Including wind and solar.

    Secondly, Nuclear power in the only baseload power source which does not release significant amounts of CO2. If you believe that we need to reduce CO2 emissions significantly in the next few years to avoid catastrophic anothropogenic global warming, then Nuclear Power is your best currently available option.

    Thirdly, Uranium is one of the most abundant materials in the earths crust - though it does cost quite a bit to extract. We have known reserves that will last us quite some time (though the same is true for coal).

    Lastly, we are currently in the third generation of nuclear power plants, which now in the event of an emergency automatically shut down. i.e. it requires individuals to be pushing buttons to keep the reactor running and in a "dangerous" mode. If human intervention stops, the reactor ceases being dangerous (well excluding the radioactivity danger present in the fuel itself).

    The problem with nuclear power is threefold - public perceptions (generally from irrational fear), high water usage and high long run marginal costs. Canada and France have shown us that nuclear power can provide a significant amount of baseload power relatively safely.

  109. Great for employment by rcasha2 · · Score: 1

    I'm getting an image of SUVs being overtaken by rickshaws, reducing emissions and providing massive employment.

  110. Re:It's also putting the kibosh on the American Dr by tknd · · Score: 3, Informative

    The American Dream is overrated because the "advertised" American dream is not necessary. If the standard to "achieving" the American dream is to own a house with an ample lot size, a nice car or three, and enough cash to throw parties every weekend or whatever other activity you find fun, well I say that's just the TV and popular culture brainwashing you.

    You can be perfectly happy and successful living in a town house without a yard and an econobox car. Almost every form of entertainment or activity is still accessible without the McMansion or the SUV. The only lacking thing is the increased expenses and the ability to flex your debt-inflated-penis with your shiny SUV and spinners.

    I'm probably in the same boat as you. I make more than my parents yet I can't afford a house near work. I can afford a 2 bedroom condo though. And after thinking, I would be plenty happy with condo as long as I was single. I'd still be happy with it if I was married. The only time it would start to feel cramped is if I wanted to have a family. But by then, I would probably be married and I figure a 3 bedroom town house would suffice. The only thing I really get with a bigger house is bragging rights and a whole lot more maintenance. For example if there was a yard I'd have to pay for a gardener or do it myself. If there were extra rooms I'd have to clean yet another room. I don't need that. A 2 bedroom condo with a decent kitchen, living room, and a few complex facilities (pool/patio) is plenty to keep me happy.

    Houses (with full yards, extra rooms, and large garages) only make sense in rural areas. In places like suburbs they're just a luxury and bragging rights.

  111. Re: piracy by phoenix321 · · Score: 1, Interesting

    And then please bring back the navy patrols, the destroyers and the thirty-dozen-vessel-convoys. Because with the world today, you'd have so much more to worry about than some Nazis in slow U-Boats trolling the Atlantic. And no matter how fast that ship would be, radio transmissions within the enemy navy are faster.

    One captured nuclear vessel could power a substantial part of most rogue state's economies all the while producing dirty bomb material or worse. And a small bomb hidden on the reactor could bring so much Allahu Ackbar to our ports it's not funny anymore.

    So you'd better have a carrier battle group defending the thing OR an undocumented remote self-destruct mechanism, so you can wipe out the entire environment of whoever captures such a vessel. But then again, our own people might be a bit uneasy about these perceived future Chernobyls, whether that is reasonable or not.

    With the world what it is today, these things would be efficient transport vessels AND readymade sea-going, self-propelled dirty bombs with free access to hundreds of large cities anywhere.

    Thank you, but with some peaceful religions around, a ship like that is certainly not halal.

  112. Re:Interersing trend... in 1985 by hairyfeet · · Score: 4, Insightful
    IMHO the reason going with nuclear power isn't the way to go is simply a logical one:we haven't figured out what to do with the tons of nuclear waster we have NOW,much less if we did like McCain wants and added 45 new plants. The simple fact is that nuclear is the only one of our myriad of choices that creates an extremely dangerous and highly sought after by terrorists waste product that has to be stored securely for in excess of 5000 years.


    IMHO nuclear should be the LAST resort,and with new methods like molten salt and super black materials for solar,ever more efficient designs for wind,geothermal,tidal,etc it is simply not the right course at this point and time. There are simply too many problems we haven't fixed as far as treatment and disposal of waste to make nuclear a good idea at this time. But as always this is my 02c,YMMV

    --
    ACs don't waste your time replying, your posts are never seen by me.
  113. China, India by Colin+Smith · · Score: 1

    HTH

     

    --
    Deleted
  114. weak dollar by IAR80 · · Score: 1

    I guess the weak dollar will bring more jobs back at "home" only the kind you do not really want.

    --
    http://ebgp.net/ccc/
  115. Re:Interersing trend... in 1985 by Lincolnshire+Poacher · · Score: 5, Informative

    > we haven't figured out what to do with the tons of nuclear
    > waster we have NOW,much less if we did like McCain wants and
    > added 45 new plants.

    Of course ``we'' have:

    http://www.eoearth.org/article/Fast_neutron_reactors_(FBR)

    Prohibited by the Carter Administration in the USA, but used
    throughout the World. Breeder reactors use the output of
    conventional fission plants as fuel and the resultant waste,
    once reprocessed, has a half-life of a few centuries instead
    of hundreds of millenia.

  116. Re:It less oil to use rail over ships to move iron by hcdejong · · Score: 2, Insightful

    Actually, ships can be a bit more efficient . Depends on ship size, of course, and the availability of waterways vs. rails.

  117. Stop the pirates by Anonymous Coward · · Score: 0

    Encrypt the engine and use DRM so it can't be used with any other device.

  118. Re:Interersing trend... in 1985 by hairyfeet · · Score: 1
    That is still several hundred years it will have to be highly guarded by members of the US Armed Forces,as it will be EXTREMELY tempting to any nutjobs as a source for a dirty bomb,and then add in the fact that most folks aren't going to want to live near it,along with the amount of protests we are already getting over Yucca mountain, and I still say it is the wrong course.


    Let me put it this way: If some government official said that "for the good of your country" they were going to put a nuclear waste dump right next to your home,exposing your family to a higher risk of cancer while destroying any value you had in your home,would YOU say yes? I know that I would not want my boys living next to it,sorry but no sale. But as always that is my 02c,YMMV

    --
    ACs don't waste your time replying, your posts are never seen by me.
  119. Re:something normal is better than nothing by Anonymous Coward · · Score: 0

    Now just give fully domestic products a huge tax cut (if not an outright exemption from any tax).

    Yeah, that's fine, if you're absolutely sure that the resultant trade wars (collapse of WTO etc., which was largely set up on US terms anyhow) would actually benefit the US.

  120. I Your Dreams, maybe by Mr+Europe · · Score: 1

    Shipping one container from China to US is cheap, costs about one thousand dollars. And that divided by ten thousand is nothing.
    The real reason is the weak dollar.

  121. Thermal depolymerization is so friendly. by mrmeval · · Score: 1

    My vehicle will run on vegan soylent oil.

    --
    I'd go on a Vegan diet but the delivery time from Vega is too long. --brownkitty
  122. Was I the only one... by stoofa · · Score: 1

    ...who read the headline and thought "His kids must be delighted" ?

  123. Re:Interersing trend... in 1985 by Anonymous Coward · · Score: 0

    NIMBY much?

  124. Re:Misleading about Steel! Already restricted by Greventls · · Score: 1

    I agree with the technology issue. The American steel industry management never seems to want to upgrade anything. Then we attempt to compete with foreign competitors using brand new equipment. They are able to pump out higher quality steel faster than we can just because they have better equipment. That was the case in the 70s and 80s that destroyed the American steel industry. It seems like the industry has kinda caught on. Bad habits are hard to break though. (I work in the steel industry)

  125. Re:House prices in the EU by Timo_UK · · Score: 1

    They are NOT dropping, only in the UK where they were ridiculously overinflated.

    --
    Timo's Audio Software http://www.esseraudio.com
  126. Re:Interersing trend... in 1985 by hairyfeet · · Score: 1
    Reality actually. While you can scream NIMBY,the simple fact is nobody wants to live near it and WILL fight tooth and nail to keep it out. Do we really want piles of waste sitting by the power plants because the sites chosen to store it are tied up in a decade or so of litigation? And I noticed that you didn't say that YOU would live near or expose your family to it either.


    And after the cronyism of the past decade frankly I wouldn't trust the civilian "no bid" contractor who undoubtedly would end up with the job not to do a half assed mess to maximize profits. After all,THEY don't have to live near it. Personally I think it should be a requirement that the CEO and board of these chemical companies and those that deal with hazardous waste should have to live within 10 miles of their plants. I bet it would be a LOT cleaner by these places if the big shots knew they were giving themselves and their own kids cancer. But as always my 02c,YMMV

    --
    ACs don't waste your time replying, your posts are never seen by me.
  127. Keep Dreaming, Pal by EmagGeek · · Score: 1

    Globalization has a lot less to do with hourly wages than it has to do with compliance.

    The main motivator for moving jobs overseas is productivity. There are so many barriers to productivity in the US that even if shipping were to be 10x as expensive than it is now, it would still be worth the cost.

    1) In China, there is no OSHA
    2) In China, there are no medical or health benefits
    3) In China, there is no mandated 40-hour work week (limit)
    4) In China, labor unions have no real power
    5) In China, tort litigation is not out of control

    the list goes on.

    Let's say that, in China, I can get 10 million widgets made per month for a wall-to-wall cost of x, and I can sell them for 2x in the states. My gross profit is 10 million (2x - x) = 10Mx. Let's say I can make them in the US for 0.5x, and still sell them for 2x, for a 50% higher gross profit margin, but I can only make 500,000 of them. My gross profit is now just 750,000x instead of 10,000,000x.

    There is no scenario here where I can make as much money manufacturing in the US as I can make manufacturing in China. Furthermore, moving manufacturing back to the US is only going to push energy prices higher locally because we already do not produce enough domestic energy to cover our demand, which means that we'll have to import even more. This will depress the dollar even further.

    Just some food for thought, our total refining capacity for motor gasoline is about 3.5 Million Barrels per day (March 2008), but our daily use is almost 9.3 million barrels per day. Yes, we import that much refined product.

    We are in much deeper trouble than most people realize or can even comprehend. We need to cut our gasoline consumption by 65% to be able to stop importing gasoline - and that's just gasoline. We also import twice as much crude oil (10+ Million barrels/day) as we produce (about 5 million barrels/day), so we also need to cut our crude oil consumption by 65%.

    1. Re:Keep Dreaming, Pal by karvind · · Score: 1
      ) In China, there is no mandated 40-hour work week (limit)

      Nor is it in US. We in IT/Electronics work 60-hour week regardless. Yes, if I log in from home after dinner to check progress on work, it is work. No, I don't do it out of fun, we have to make a final check before going to bed so that things can run smoothly (hopefully) till morning. So yes we get paid for 40 hours but we work more than that.

    2. Re:Keep Dreaming, Pal by Qzukk · · Score: 1

      barriers to productivity
      our total refining capacity

      Maybe if companies like BP Amoco could spend some of their capital to keep their refineries from exploding, we might have more refinery capacity. If the companies can't be bothered WITH government regulation, you think they're going to do better without?

      Just some food for thought.

      --
      If I have been able to see further than others, it is because I bought a pair of binoculars.
    3. Re:Keep Dreaming, Pal by EmagGeek · · Score: 1

      Actually, refinery incidents are more often than not caused by government regulation. To shut down a refinery for maintenance requires more red tape than you can even comprehend, and a lot of the time, it takes months or years for the government to approve the work. You can forget about building new refineries. The democrats and environmental quacks out there have made sure to thwart any attempt at increasing our producing and refining capacity.

    4. Re:Keep Dreaming, Pal by Anonymous Coward · · Score: 0

      government regulation

      Amusingly enough, Cato says you're wrong.
      http://www.cato.org/pub_display.php?pub_id=3792

      Furthermore, the point of scheduled maintenance is that you know in advance when you should be checking that all your valves should work, and you should have this planned out years in advance, if not the expected lifetime of the refinery.

  128. Not quite by thegameiam · · Score: 1

    You're overgeneralizing: the idea that from a bad thing can come some suprisingly positive benefits is hardly a fallacy, and isn't the broken window fallacy at all.

    Broken window fallacy: "wanton destruction creates jobs / is good for the economy"

    Correct statement: "wanton destruction causes a wealth transfer"

    In this case, the rising cost of shipping goods from place to place incentivizes industry to do less of that. That has some side benefits for some US workers (although it has some downsides for some other US industries). People who make steel benefit, but people who make cars from that steel suffer from rising ingredient prices.

    --
    Need Geek Rock? Try The Franchise!
    1. Re:Not quite by Idiomatick · · Score: 1

      true, From the US pov it is mainly a wealth transfer. And likely a small net loss. However the world isnt the US and to the world this is certainly a loss and a perfect example of the broken window fallacy. The chinese are the suit makers or w/e. And the americans are the window makers. The americans may be getting some benefit from the broken window but it is certainly NOT good globally.

  129. The Saudis need cheaper oil by FreeUser · · Score: 1

    I don't see any reason why Saudis would want to sell two barrels of oil for the price of one (that they ask - and get - today.) If the demand goes down they'd rather lower the production.

    The Saudis (and others) are concerned about higher oil prices for several reasons, among them (1) the developed world is likely to develop alternative energy sources, putting them out of business sooner rather than later and (2) the world economy going into a recession (or worse) puts many of their investments at risk and reduces their wealth. Remember, most of these sheiks have long since invested years of oil profits very heavily in America, Europe, and Asia. Seeing their stocks decline to a fraction of their former value makes them a whole lot poorer than this months $130/barrel oil makes them richer.

    Long term, high oil prices hurts the oil producers even more than it hurts us. Once we're weaned off oil, we won't go back, even if half their oil reserves remain in the ground. If prices go high enough, China, India, and other emerging markets will fall into this category as well, leaving OPEC no one to sell to when their oil drops back to sane levels.

    This could be an irreversible trend if the US, Europe, and Japan develop other affordable energy sources ... depending on the technology, China and India might choose to adopt it sooner rather than later, instead of suffering through another spike on oil costs. This may or may not happen, but one thing is certain: Saudi Arabia is damn afraid it *might* happen.

    --
    The Future of Human Evolution: Autonomy
  130. if we did... by airdrummer · · Score: 1

    stick with what we understand, we'd still be living in caves wearing bearskins;-)

  131. Re:Interersing trend... in 1985 by digitalgiblet · · Score: 1

    The average American will whine endlessly about the dangers of nuclear power and cower under the nearest rock at first mention of "radioactive". Never mind the far worse environmental contamination caused by coal and oil power plants; nuclear is the boogeyman and white-bread Americans won't go near it.

    Thank you, Mister Burns.
  132. Re:Interersing trend... in 1985 by digitalgiblet · · Score: 1

    You are so right! Because the US of A stopped building reactors (thanks to those "libs, enviro-whackos, and "intellectuals"), all research and possible profitability stopped at that point.

    I sure hope you were trying to be funny or annoying. I'd hate to think you really believe what you say. Either way it sure sounds funny.

  133. Quit buying into the bull puckey talking points by Shivetya · · Score: 4, Informative

    Check out this article which details exactly what this lease and usage entails.

    http://online.wsj.com/article/SB121391719487790187.html?mod=rss_opinion_main

    In other words, the politicians are using word play to infer that the oil companies are drilling on the lands relying on public ignorance that a lease of oil producing lands does not equate to a guarantee of oil.

    So basically, the process is.
    1. Secure the lease
    2. Get the permits to do test drilling
    3. Do test drilling
    4. Determine if its economically feasible to recover the oil
    5. Get permits to actually to set up a site to manage it
    6. Get permits to drill on the site
    7. Go to court to keep your permits after being sued by every other environmentalist group
    8. Drill for oil
    9. Profit?

    Remember the first rule : If a Congressman's lips are moving he is 99% of the time telling you a lie or a falsehood by omission.

    --
    * Winners compare their achievements to their goals, losers compare theirs to that of others.
  134. Re:It's also putting the kibosh on the American Dr by TractorBarry · · Score: 1

    > Even though I'm just a fifteen minute commute from work, I spend nearly fifty dollars a week getting there and back.

    I used to have a 15 (ish) minute motorbike journey to/from work. About two years ago I went back to doing the same journey by bicycle which takes me between 30 and 35 minutes (depends on the wind). I'm now fitter, healthier and I'd guess it costs me about 50p a week (replacement tyres, inner tubes, brake blocks etc.)

    If you're only travelling 15 minutes I'd say it's not worth using a powered vechile unless you're infirm, very old, disabled, need to carry lots of tools/equipment etc. etc. (or the journey involves meeting hazardous animals such as elaphants/crocodiles/bears :)

    --
    Sky subscribers are morons. They pay to be advertised at !
  135. Re: piracy by TractorBarry · · Score: 1

    > troll for pirates,

    Surely you mean copyright infringers ?

    Oh wait... wrong post...

    --
    Sky subscribers are morons. They pay to be advertised at !
  136. Keep dreaming by doooooosh · · Score: 4, Interesting

    Guess what's different from 1999...

    - the US dollar is worth ~40% less than it was in 1999

    - there are over 2 billion people whose economy, and therefore demand for energy, is surging.

    - there is an oil supply graph that, rather than increasing every year, has been roughly flat for the past three years (not coincidentally, the time when the price has skyrocketed)

    Oil, in our lifetimes, is a finite commodity. It has an energy return on investment higher than anything else out there right now. There is still a lot in the ground, which is to say, we're not going to run out any time soon. But we have skyrocketing demand and a constrained supply. In the past, high prices have led to exploration and increased production. Well guess what. The large deposits of easy to retrieve oil have been found. We've reached a point of diminishing returns. Oh, there's still a lot of oil. The Saudis continue to pump almost 10 million barrels of it a day, more or less the same amount they've been pumping for the past 5 years. But in that time, they've been bringing new drilling projects online, in order to make up for declining production out of their old fields. And their oil exports have dropped by over 10% in just the past 2 years, due to increased domestic demand from a booming economy.

    You can tell yourself it's all speculation, if it makes you happy. But the supply of oil to global markets is no longer increasing, while demand remains high, globally. And there are a whole lot of people in Asia who will gladly buy any oil that we don't.

    1. Re:Keep dreaming by Maxo-Texas · · Score: 1

      Picture prices as the edge of the ocean.

      While the fundamental location of the shoreline (true price) is fixed,

      The waves come in and splash up, and then they recede.

      And then on much longer periods you have tides.

      And then on much longer periods you have storms.

      ---

      The news of the day.. everything they attribute the behavior of prices and the market to moves the real shoreline by only fractions of an inch.

      This is true in any market that I've ever seen.

      There is no conspiracy. And whenever prices for something to to the moon, they will be coming back down hard.

      Currently, all you can see is the high prices and reasons why they will be high and higher forever.

      But it doesn't happen that way in real life.

      --
      She was like chocolate when she drank... semi-sweet at first and then increasingly bitter.
  137. It's the 1850's all over again. by MtViewGuy · · Score: 3, Interesting

    I think people forget that this is not the first time people have been looking for a new fuel for industrial purposes.

    Up until the 1850's, lighting lamps were fueled by whale oil, and with the rapid decline in the whale population even by then there was considerable concern about what to substitute for whale oil. The discovery of using kerosene derived from crude oil about this period changed all that, and that was the foundation of the oil industry as we know it today.

    Today, rapid changes in technology could make gasoilne obselete as a motor fuel within the next 20 years. The most important announcement was MIT's announcement of research into high-energy supercapacitors using carbon nanotubes back in 2006; that may just open the way for a drastic reduction in the size of the battery pack needed for a battery-electric vehicle (BEV), making it possible for a practical electric car that could carry four passengers in comfort yet go up to 400 km (248 miles) or more on a single charge, and the charge time for the battery pack would be a tiny fraction of even Li-On battery packs.

    That same technology could make it possible to have electrical storage units from home size to city size that could provide power after being charged up by a solar cell array or wind turbine array. I can imagine a single house with a sun-facing solar cell array (now much cheaper thanks to nanotechnology) that provides power during daytime and charges a supercapacitor electrical storage unit for use at night.

    In short, I see within 20-25 years most homes and apartment complexes with cheap solar arrays on their roofs and supercapacitor electrical storage units somewhere in the building.

    1. Re:It's the 1850's all over again. by Shadowlore · · Score: 1

      "In short, I see within 20-25 years most homes and apartment complexes with cheap solar arrays on their roofs and supercapacitor electrical storage units somewhere in the building."

      NIMBY. Nobody want supercharged capacitors sitting behind their walls.

      Besides, it doesn't matter how cheaply you make PV cells, apartment buildings will never have them in substantial amounts. Why? Small square footage compared to the people inside means a very low percentage of the power needed is available.

      If you want people to use PV as a significant portion of their residential use you need lower population density. Putting 500-1500 people in a building with maybe 10,000 square feet of roof space means your solar cells don't contribute enough for more than one or maybe two apartments.

      On the other hand, having people live in singe or double family units that are on 1/3 acre per person and reducing the amount of blacktop to say 9% of the given space, using larger homes with solar power and porches/awnings/etc. as well most homes could replace a substantial amount of their power consumption.

      Absent an increase in power output of *several* orders of magnitude combined with a cost drop of a few orders of magnitude, the mythical solar apartment building is just that - a myth.

      The "supercity" is a serious detriment to the environment. Dense cities increase energy in a given area while concentrating demand for goods and services (and energy). That means you have to commute to get to work as residential zones, business zones, industrial zones, etc. all spread out the distance from home and work, home and shopping, and home and entertainment. On the flip side, a decentralized and low density area provides space for people to have their own gardens, lots of heat managing landscaping, and short or non-existent commutes - not just to work but to everywhere else.

      With low density living and non-segregated use cases, communities that incorporate work, play, and home in a short radius enable a shift toward "community vehicles"; these are the small electric vehicles for areas that don't have high traffic. In such a series of communities, moving to be close to your job becomes more the norm. The value in a home being close to a specific employer is still there, but the "advantage" (and hence monetary value) in a home's location is lowered. I love where I live because I am two miles from just about everything I use. However, I am in the minority because most people have to commute because the zoning laws effectively preclude them from living close.

      This is another dangerous and hidden result of zoning. The zoning committee is essentially printing money by artificially creating areas of demand by limiting the supply of places you are "allowed" to build a certain type of building, park, etc..

      In 25 years I don't see "most homes" having cheap solar arrays and super anything in the home. I've been hearing it for decades. If you want a 1930's level home and accoutrements, then sure you could do it. Their power levels are low enough to do it for a reasonable cost. I've looked hard for solar options. They are simply not there unless you are rich enough to have at least half an acre and around 100,000 or more you can toss into something you won't get back for decades. And that is with the cost reductions of the last couple decades. Even as costs go down, electrical consumption goes up.

      --
      My Suburban burns less gasoline than your Prius.
  138. USD is still overvalued by flyingfsck · · Score: 1

    A couple years ago, I thought that the USD is worth about 4x more than it should be. It has since halved in value and once it is down to about 3 USD for a Euro, the US economy should pick up nicely.

    --
    Excuse me, but please get off my Pennisetum Clandestinum, eh!
  139. Re:Interersing trend... in 1985 by Anonymous Coward · · Score: 0

    I can't believe that Carter is still screwing up America almost 30 years after he was president. The guy is messed up... still is today. (Why do we still listen to him/put him in the news?)

  140. Re:Interersing trend... in 1985 by maxume · · Score: 2, Insightful

    France's engineers tried harder than those in any other country to build and run breeder reactors reliably at a commercial scale, but ultimately they failed. The result is that even in France--the best real-world model of what reprocessing can accomplish--the technology remains a tantalizing but only partial solution to the problem of high-level nuclear waste.

    http://www.spectrum.ieee.org/print/4891

    (My point is not that it can not work, it is that it is not ready yet...)

    --
    Nerd rage is the funniest rage.
  141. Re:House prices in the EU by mikael · · Score: 1

    There are only two types of house price location in the UK:

    1. The places where people want to live but can't afford (houses within 100-metre catchment areas of good schools, rural villages with traditional architecture), and

    2. The places where people can afford and don't want to live (inner city suburbs with street gang crime)

    Anywhere in (1) had bloated house prices due to cheap credit.

    --
    Vintage computer adverts: http://www.vintageadbrowser.com/computers-and-software-ads
  142. Re:Dollar Price is Low by Anonymous Coward · · Score: 0

    What if we just gave the poor just enough money to live on and capped personal wealth @ a a few million dollars? I think THAT might cure poverty.

  143. Especially since Kyoto is a proven scam by Anonymous Coward · · Score: 0

    Kyoto's real motives:

    1) Tax - and therefore control - global energy usage and by extension technology.

    2) Kill the U.S. economy, thereby effectively de-fanging her.

    Number 2 is especially disturbing, given the U.N.'s piss-poor track record of spineless inaction when it comes to enforcing their own mandates. Number 1 is disturbing considering the U.N.'s piss-poor record of corruption and internal oversight (yes, I'm talking about your son Mr. Annan, and dozens of other similar instances of fraud). The U.N. is the world's foremost example of decadence, largess, ignorance, intolerance, slothfulness, indifference, arrogance, wastefulness, and corruption. They metaphorically piss on the reason for their very founding. Never again my ass...

  144. Oil price didn't go up - Dollar went down by flyingfsck · · Score: 1

    The oil price didn't move much in other currencies. The USD has devalued. Effectively all Americans have lost about 30% of their worth and are now being paid two thirds of what they used to be paid. That is what is making it possible to bring jobs back to the USA, not just transport costs. Once the USD has devalued by another 20% or so, the balance will be restored.

    --
    Excuse me, but please get off my Pennisetum Clandestinum, eh!
  145. Re: piracy by Magada · · Score: 1

    Ultima ratio regum, aye

    --
    Something bad is coming when people are suddenly anxious to tell the truth.
  146. Drilling for oil is fine but. by Veretax · · Score: 1

    I'm not opposed to making use of the VAST resources this country has. Whether its drilling for new sources of oil and natural gas, mining coal or other ores, or looking for lumber, but lets not look at this as a purely one sided supply problem. The problem with Gas prices is not just tied to the supply of crude. We can pump all the crude we want, but there are a finite number of refineries, many of which have been running without proper maintenance for years. Does that mean we should call off the resource dogs? No, what we need is a balanced approach, spending money to add a few refineries here in the US, allowing the Oil Companies to begin to look for new sources of natural gas and petroleum, and while they are doing that, funneling as much money into alternative fuels. I'm not talking corn based ethanol here either. There is no reason we can't have a balanced approach that will get us through the near term problem of crude prices, as well as opening up new sources of power. That's what the US should be doing. My generation and the one coming up now are increasingly interested in trying to help the environment any way we can, but we are not stupid either. We can't invest billions into new battery technology, or nuclear plants, we can't develop new bio-fuel technology either. It is going to take a surge of funding into academia and industry to get this car jump started. If the US companies and such can find a solid reliable means to replace these internal combustion engines, then my generation and those that follow will be happy to adopt them, (once the market for them makes them more cost effective then the current batch of cars). We will not get out of this mess by taxing profits, we won't get out of this mess by raising standards. The Internal Combustion engine is just over a Century or so old as far as it stands in our current iteration of automobiles. Its time for a new energy revolution, and it has to start somewhere.

  147. Re:Interersing trend... in 1985 by A+Pancake · · Score: 1

    Unless of course the US reprocesses the spent fuel and burns it again like Europe or Japan. The end result is a fuel which is far less dangerous and has a much shorter storage requirement. This isn't about bogey men or bogey women and while there is certainly a valid concern regarding the spent nuclear fuel, it certainly doesn't have to be as bad as it currently is.

  148. Home? by rayk_sland · · Score: 1

    Home? Home? I wouldn't have thought slashdot would be so ethnocentric.

    --
    Jedis are stupid. If they were so powerful, why couldn't they handle counseling for a kid who missed his mom?
    1. Re:Home? by gothzilla · · Score: 1

      You don't think this applies to any country? The price of oil was global, last I checked.

    2. Re:Home? by rayk_sland · · Score: 1

      Yeah but the post focused on Pittsburgh!

      --
      Jedis are stupid. If they were so powerful, why couldn't they handle counseling for a kid who missed his mom?
  149. Steel City Revival? by Anonymous Coward · · Score: 0

    As a Pittsburgher, I can say that hearing the Steel City return to its namesake is a welcome result of these absurd gas prices. Anything that brings back jobs and economic flow to Pittsburgh is welcome in my eyes.

  150. Dual Use by pedestrian+crossing · · Score: 1

    The real danger with nuclear is political, not technical. Yes, we can set up breeders and reprocessing and they are efficient and don't produce CO2.

    But then what happens when a country like Iran (or say, Cuba) decides that they should be able to do the same thing? Why not, they don't want to miss out on all the nuclear goodness, who's to say the US has the right to do it and they don't? After all, there is only one country that has actually used nuclear weapons in wartime.

    Unfortunately, all that breeder goodness is also great for producing weapons material, and the US doesn't like the idea of less-than-friendly-to-the-US countries having the means to produce weapons material.

    What's the practical solution to that problem?

    --
    A house divided against itself cannot stand.
    1. Re:Dual Use by stdarg · · Score: 1

      One solution would be to have all nuclear facilities in those countries under the control of an international (or US) agency. Iran wouldn't be involved with building or maintaining it, they would just purchase the electricity produced by it. Fuel reprocessing could be done in a more secure location, like the US.

      I'm not saying Iran or Cuba would like that situation, and that's a shame because it's a lot less "humiliating" or whatever than an outright war.

      Another solution is to build small, self-contained nuclear power plants that don't even allow human access or tampering. I recall some company or government working on that to provide power in remote areas for relief work and stuff. Each one was planned to last 30 years, I think, and could be shipped off and refueled, again, in a more secure location.

  151. Re:It's also putting the kibosh on the American Dr by Magada · · Score: 1

    The ascetic virtues are all well and good. I'm glad for you, but... you're poorer than your parents, even though you think you "earn more" - you cannot afford their lifestyle. Therefore, you actually earn less than they did.

    --
    Something bad is coming when people are suddenly anxious to tell the truth.
  152. UK: gas (petrol) is 8.86 dollars / gallon by fantomas · · Score: 1

    "$5/gallon gas would be .."

    haha. Can't remember when gas (petrol) was that cheap here in the UK. Currently its 1.19 pounds a litre, that's approx 8.86 dollars per US gallon. Going up as well...

    1. Re:UK: gas (petrol) is 8.86 dollars / gallon by tomhudson · · Score: 1

      It's currently $1.47 here (Canada), peaked at $1.51.9 a few weeks ago ... predictions are for $2.25/litre by 2012.

  153. It's like millions of middle management went... by MrKaos · · Score: 1
    Duuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuhhhhhhhhhhhhhhhh

    and were suddenly silenced

    --
    My ism, it's full of beliefs.
  154. MOD PARENT UP by Patersmith · · Score: 1

    and do yourself a favor by reading up on Thomas Robert Malthus and the impending Malthusian Catastrophe

  155. Re:Interersing trend... in 1985 by Anonymous Coward · · Score: 0

    You guys fucked it up big time in the 80s by shutting down nukes. Now you are all shitting bricks over "climate change" (not Global Warming anymore, is it?...at least not for another 10 years)

    I was 2 years old in 1980, how can you blame me for "shutting down nukes", you insensitive clod! Hell, my dad (a civil engineer) designed cooling towers for a living! And I did nothing to stop him!

  156. You missed the part... by Anonymous Coward · · Score: 0

    about Detroit toying with the idea of nuclear cars. One accident and you would have a really bad day.

  157. BusinessWeek, people... by Nudo · · Score: 1

    I feel ahead of everyone else, cuz this was the cover story on BusinessWeek's most recent issue. :P But, it's interesting how the economy kind of... fixes itself, in a way.

    --
    This is a signature. Bow to me.
  158. Re:Interersing trend... in 1985 by The+Warlock · · Score: 1

    If we'd built some breeder plants, we could recycle the waste. 90% of nuclear "waste" from current plants is usable fissile material. But Jimmy fucking Carter, in his infinite wisdom, banned research and development of breeder reactors in the 1970s.

    --
    I've upped my standards, so up yours.
  159. Whooooosh! by Anonymous Coward · · Score: 0

    We could always install a wind turbine to generate some energy from the wind currents left in the wake of the joke as it whizzes by overhead... ;)

  160. Re:Interersing trend... in 1985 by cayenne8 · · Score: 1
    "Reality actually. While you can scream NIMBY,the simple fact is nobody wants to live near it and WILL fight tooth and nail to keep it out. Do we really want piles of waste sitting by the power plants because the sites chosen to store it are tied up in a decade or so of litigation? And I noticed that you didn't say that YOU would live near or expose your family to it either."

    Well, go ahead and put it down here in southern LA...why not? We've already got all the refineries here...hell, for all I know...we may keep nuke waste down here too.

    Geez...some of the other states should share the load man...and no, you don't have to drop it next door to a neighborhood....it isn't like all the land in the US is occupied...stick it out in the rural country away from the cities...and there ya go.

    --
    Light travels faster than sound. This is why some people appear bright until you hear them speak.........
  161. Re:It's also putting the kibosh on the American Dr by elrous0 · · Score: 0, Troll

    The greatest generation was born in the late 15th-early 16th century. Every other generation has been a bunch of lame-ass pansies by comparison.

    --
    SJW: Someone who has run out of real oppression, and has to fake it.
  162. Re:It's also putting the kibosh on the American Dr by elrous0 · · Score: 3, Funny

    We lost an bike-riding employee to a rhino attack just this week. I can still picture him, desperately peddling away in those Birkenstocks, trying to outrun that rhino while we sat back watching helplessly from the office window. We found out later that the rhino was attracted to the color in his tye-dyed t-shirt. All that was left of him after the rhino got done was part of his torso and his laminated PETA membership card.

    --
    SJW: Someone who has run out of real oppression, and has to fake it.
  163. When Bush leaves office... by xgr3gx · · Score: 1

    oil prices will drop in the following months. Watch. I'm saving this post to bring back later.
    I'm not trying to flame anyone - it's a feeling I have.
    Also - high oil prices will force people to conserve, and foster innovation to create better/cleaner fuel supplies.
    America is too fat and happy with oil.

    --
    Shameless plug alert: Game server control panel
    1. Re:When Bush leaves office... by EmagGeek · · Score: 1

      If you look at the data:

      http://tonto.eia.doe.gov/dnav/pet/hist/mcrfpus2a.htm

      You will see that Domestic oil production has fallen by 40% since its peak in the 60's through 80's. Bush leaving office will not bring that capacity back, nor will it decrease demand, nor will it strengthen the dollar. Bush has nothing to do with any of these things.

      Domestic production began to fall off in the mid 1980s. Why? Because we began to exhaust some of the smaller wells and congress would not authorize exploration for new sources, and they have not done so since.

    2. Re:When Bush leaves office... by xgr3gx · · Score: 1

      I certainly agree with what you said.
      But it's not a direct effect of Bush leaving. Getting a new president may restore faith of the US in other countries, therefore possibly stimulating foreign investors, bumping the economy, strengthening the US$ etc...
      Or the new president may reduce our oil dependency there for reducing demand and consumption.
      I don't care what political party you're affiliated with, Bush has got to be the most disliked president ever. Never in my short lifetime of 28 years do I ever remember people hating a president so much.

      The rest of the world probably dislikes him as well

      As for my wacky conspiracy theory... the Bush administration is some how tweaking oil prices to benefit Bush and all his oilmen "cronies" to make a few (million) extra bucks during his last year in office.
      I know, I know... you may now call me crazy ;)
      PS - thanks for the intelligent reply, I was expecting nothing but crazy flames for that one.

      --
      Shameless plug alert: Game server control panel
    3. Re:When Bush leaves office... by EmagGeek · · Score: 1

      You have good points here. His lack of popularity does affect how people feel about the health of the Nation in general, and while I don't disagree with most of Bush's policies, I think his blatant arrogance and apparent lack of ability to conduct himself in an outwardly intelligent way has caused irreparable harm to his Presidency. This is why we have term limits and a short term of office. We all feel better having a fresh start.

      My only fear is that the two candidates we have are not really any better than Bush. Obama is a silver-tongued devil who really has a scary underlying agenda (he is, after all, an admitted and unabashed Marxist) and McCain is so desperate to be liked by both sides that he is destroying his own credibility.

      One point, in your short 28 years, you don't have the pleasure of remembering the Carter administration. Carter was far worse than Bush will ever be in the eyes of history. Consider yourself lucky that you don't remember 10% unemployment, 25% interest rates on mortgages, 20% inflation, and a dollar that was barely worth the paper it was printed on.

  164. only half of the equiation by tacokill · · Score: 2, Informative

    I am strongly opposed to these high oil prices, because they are siphoning off our wealth and giving it to rich oil foreign oil companies.

    Dude, you missed about half of the equation.
    What about the wealth we create from the oil we buy? Like plastics, cheap electricity, a mobile workforce, etc. Surely those things help create some of the wealth we all enjoy, right?

    Only focusing on the COSTS is only looking at half of the equation. And I'm nor arguing that we use oil efficiently - we don't. But you can't dismiss the wealth created from the oil we bought from the Saudis. We didn't just transfer X trillion dollars to them for nothing. We are getting at least as much out of the deal as they are.

    That's called "commerce" and "the market". You should read about it sometime and I think you'd better understand what is going on. Carbon credits create artificial limits on that market. Maybe we need them, maybe we don't. But the justification you give for them is.....simple at best. High prices are the result of what is happening "in the market". They are not the starting point.

  165. Re:Geez. Works both ways. by Digital+End · · Score: 1

    Greed destroys itself.
    Yeah, if only those old disney movies were true.

    A more realistic view is "They've leeched X-Billion out of a market, killing it... now they have a X-Billion head start in whatever market they chose to milk tomorrow."
    --
    Beware of he who would deny you access to information, for in his heart, he dreams himself your master.
  166. Re:Interersing trend... in 1985 by Tacvek · · Score: 1

    Actually, the damned thing is that we know exactly what to do with the spent fuel rods. The IFR reactor design utilizes the fuel far more efficiently than most current reactor designs, meaning that the waste mass is smaller (most waste mass contains lots of still good fuel mixed with the spent fuel. Extracting the good fuel alone leaves us with significantly less waste mass). Further the IFR's waste's radioactivity level reaches that of the ore in only 200 years. The best part of the whole damn thing is that this reactor can be run primarily on the spent fuel of other reactors, rather than new fuel.

    But the damn project was canceled due to proliferation concerns, despite the simple fact that this reactor has FAR LESS of a proliferation risk than most operating reactors. The reprocessing is done on site, and the processed fuel is highly radioactive making it almost impossible to sneak off with it.

    --
    Stylish sheet to fix many problems in Slashdot's D3: https://gist.github.com/801524
  167. What was that, Mr. Sulu??? by littlewink · · Score: 1

    A nuclear wessel, captain! It appears to be deploying a nuclear wessel!

  168. The Americans... by yuting · · Score: 1

    The Americans are stealing our jobs! That's outrageous!

  169. Re:Interersing trend... in 1985 by OwnedByTwoCats · · Score: 1

    Nuclear's other big problem is the waste. Nobody wants to store it. Nobody wants it transported through their area.

  170. Re:It's also putting the kibosh on the American Dr by Joey+Vegetables · · Score: 1

    I'm in the Cleveland area and contemplating a similar move myself (from suburb just past city limits, to inner city). The problem is that, just as in Detroit, the inner city is not particularly safe. The people I know there, and I know quite a few, don't necessarily live in fear, but they do accept that they have a greater chance of being burglarized, robbed, beat up, raped, etc., and all those things have happened to people I know. I can't afford to stay out in the 'burbs but I don't know if I want to expose my family to unnecessary danger either.

  171. Re:Interersing trend... in 1985 by PitaBred · · Score: 2, Insightful

    Don't forget to mention that even with scrubbers, coal plants emit more radioactive materials directly into the air and otherwise than nuclear plants.

  172. Speculators are not stupid. by FatSean · · Score: 1

    They want their money, they won't sell off if you announce drilling. They know that the quantity of oil out there is minimal. They know that more refining capacity is needed to drop the price of gasoline.

    No, I think you are overly optimistic.

    --
    Blar.
  173. I will use my shat bricks to build a bridge. by FatSean · · Score: 1

    Then, perhaps, you can go hide under that bridge and leave us alone?

    --
    Blar.
  174. Dirty Bombs are about fear, not death. by FatSean · · Score: 1

    They don't really carry all that much threat.

    Maybe we can develop a breeder-breeder-reactor that can process the fuel all the way down to lead.

    --
    Blar.
  175. Comment removed by account_deleted · · Score: 1

    Comment removed based on user account deletion

  176. Re:It's also putting the kibosh on the American Dr by gillbates · · Score: 1

    I figure its about an hour bike commute, one way. Shaving nearly a full day of extra hours is worth the $50. But I'm not happy about it.

    That, and the wife wants me to be able to come home on a 15 minute notice.

    --
    The society for a thought-free internet welcomes you.
  177. Silly Man by FatSean · · Score: 1

    What do you think becomes of the fuel tax money taken in by government? It funds the idiotic wars the people wanted to keep them 'safe'. The USA is BORROWING our war-funds from China!

    Seems like this 'misery' was brought upon themselves when they frothed for war. Seems to show more personal responsibility than OUR country...slapping the failed occupation on the national credit card, so to speak.

    --
    Blar.
  178. Re:It's also putting the kibosh on the American Dr by NereusRen · · Score: 1

    Today, I make almost four times what he did Just want to point out that this isn't true. Likely you make only slightly more than he did... no more than twice as much, certainly. The dollars that you are getting four times as many of aren't worth nearly as much, because there are four times as many circulating as there were 25 years ago! (According to M3: http://economistsview.typepad.com/economistsview/2005/11/changes_in_m1_m.html)

    Your point is still valid though, because you certainly aren't making any less than your father did.

  179. No sympathy for these people. None. by FatSean · · Score: 1

    Your numbers are off. Besides, $60 a week at $1.50 a gallon was 40 gallons. A 25MPG car would go 1000 miles. If you're driving 1000 miles in a week just to go to work and get food, it's your own stupid fault!

    How many of these people bought "employee pricing" SUVs and other guzzlers over the last few years?

    Fuck 'em. I've been driving 4-cylinder efficient vehicles since day 1. They should have conserved.

    --
    Blar.
  180. Re:Dollar Price is Low by Joey+Vegetables · · Score: 1

    The falling dollar is part of the problem for sure, especially for Americans, but not all of it. We've entered the perfect economic shitstorm, and the shit will be flying for a while.

    Until very recently, demand was the highest ever, and production probably has peaked at least in the short term. Refinery capacity is maxed out, political problems in Nigeria and Venezuela threaten a lot of production, Iraq is producing much less than pre-war levels, and the imperial power constantly threatens war with Iran which would not only decimate production throughout the Middle East, but also close off the Straits of Hormuz, threaten two nuclear powers (Pakistan and Israel), and create the first serious risk of a third world war since the end of the Cold War. Many of these factors are temporary or at least reversible, which is why no one smart (Big Oil, the Saudis, OPEC in general) will bet on real prices remaining this high forever. But they will be with us for a while.

    My recommended solutions: Understand how and why we got here, and learn from it. Privatize, don't subsidize. Allow new refinery construction (though following sane environmental standards). Extract ourselves from the Middle East where our presence is unwanted and counterproductive. Build modern (and therefore safer and more environmentally friendly) nuke plants. Gasify otherwise unusable high-sulfur coal. Avoid subsidizing suburban sprawl (I don't advocate legislation attempting to prohibit it, but let's face it, it would not have happened to the extent it did without government involvement, and I do advocate bringing that involvement to an end). DO NOT subsidize corn-to-ethanol . . . this is wasteful and counterproductive . . . but end punitive tariffs on imported sugar. Decriminalize hemp at least for industrial use (and for all uses if possible . . . a joint never hurt anyone except possibly the person smoking it). Seek out and eliminate legislation that attempts to distort energy and housing markets in any direction. For that matter, seek out and eliminate all legislation period that is not necessary for the protection of life, liberty, or property. Most of it is there to protect one special interest or another, at the expense of all of the rest of us, and it creates huge, cascading economic problems which, even if not directly related to energy, certainly work together to make it much more difficult to deal with it.

  181. Re:It's also putting the kibosh on the American Dr by penguin_dance · · Score: 1

    If you're only travelling 15 minutes I'd say it's not worth using a powered vechile unless you're infirm, very old, disabled, need to carry lots of tools/equipment etc. etc. (or the journey involves meeting hazardous animals such as elaphants/crocodiles/bears :)

    Or the weather: Where I'm at, it's routinely in the mid-90s F (35 C) right now with 60-70% humidity. IOW not fit for man on bike or hazardous animal. (And here the hazardous animals would be the SUVs! ;-)

    --
    If you've never been modded as "flamebait" or "troll," you've never tried to argue a minority viewpoint here!
  182. Re:Dollar Price is Low by EMeta · · Score: 1

    Actually, no. While the dollar's weakness is part of it, the dollar has remained mostly stable over the last couple months while oil's price has kept on rising.

  183. A reactor cannot detonate. PERIOD by Kodack · · Score: 2

    I can't believe that the energy policy in this country is written by people who don't have the slightest FN clue how it all works. And it's a popular stance to take because of ignorant masses that similarly know next to nothing outside of TV movies and hearsay.

    Nuclear bomb
    1. Take a tiny amount of highly reactive fissile material.
    2. Define it's shape for maximum compression to within hundredths of a mm
    3. Find a way to precisely add just enough more material to go critical WHILE compressing the entire mass equally in a hundredth of a second.
    4. Boooom.

    Nuclear Reactor
    1. Take a large amount of low to mid fissile material
    2. Extend place it in a configuration to maximize surface area while preventing uncontrolled reactions. IE fail safe, reaction cannot occur without neutron moderators.
    3. Find a way to extract heat from the reaction in a closed loop system and use it to turn a turbine
    4. Almost limitless energy.

    To suggest that a reactor could some how trigger an atomic explosion is like saying that pouring jet fuel on a box of parts could some how spontaneously create a jet engine. The tolerances, timing, and materials that go into a bomb are so critical that if any one of them is off it will not detonate. It is realistically impossible for any given amount of material to cause a nuclear explosion.

    The biggest danger would be an un controllable reaction which would lead to a fire and the far more dangerous condition of releasing fuel into the atmosphere.

    You want to know why energy prices are soaring, pollution is up, and CO2 is fuggin with the climate? Because a few scares in Nuclear Power's infancy stopped the development and deployment of any new plants for the last 20 years. A few pounds of Uranium pellets puts out the equivalent of TONS of coal and hundreds of gallons of fuel's worth of energy. And we have abundant sources of fuel.

    You want to save the world? Tear up the nuclear weapons, build new reactors, ditch coal burning power plants, and build electric cars to use the abundant free energy in the power grid. Problem solved.

    1. Re:A reactor cannot detonate. PERIOD by pushing-robot · · Score: 1

      I never said "implosion device". It was just a humorous take on the fact that a nuclear reactor *is* a figurative bomb waiting to go off, if the right freak combination of events occur. Moreover, a device that can detonate (via steam explosion), kill thousands of people (radiation poisoning), and render thousands of square miles uninhabitable (fallout) meets my admittedly liberal definition of the word "bomb".

      But I agree with everything you said in your post. Nuclear energy has become cleaner and safer over the decades, and even the occasional Chernobyl pales in comparison to the very real, constant, global environmental destruction from strip mining and coal/oil burning.

      --
      How can I believe you when you tell me what I don't want to hear?
  184. Re:It less oil to use rail over ships to move iron by gnuman99 · · Score: 1

    Actually, ships don't go on land and trains don't ride on water so the point is almost moot. And since they tend to be close enough to being same efficiency, it depends on the distance covered.

  185. Weak dollar is probably a factor too by shrikel · · Score: 1

    With the dollar being as weak as it is, it's probably (marginally) less attractive to have the work done elsewhere as well, because it's not quite as cheap as it would be with a strong dollar.

    --
    Any sufficiently simple magic can be passed off as mere advanced technology.
  186. Re: piracy by AKAImBatman · · Score: 1

    producing dirty bomb material or worse.

    Dirty bombs are scare tactics. They don't actually work.

    And a small bomb hidden on the reactor could bring so much Allahu Ackbar to our ports it's not funny anymore.

    A "small bomb" on the reactor would have a "small effect". Nuclear reactors are not bombs. They will not blow up like nukes when damaged. The most likely result of a "small bomb" would be a lot of damage to the ship, but very little to the reactor's containment vessel. (Easily 90% or more of a reactor's weight is heavy shielding.) The absolute worst case scenario is that the reactor goes prompt critical, and the nuclear materials sink to the bottom of the harbor. (Where they will actually be fairly well shielded against by the water.) Perhaps you might even have a boiler explosion to go with the situation.

    Any way you cut it, a reactor is not a weapon. The materials inside the reactor can be used to devise a weapon with some reprocessing, which is why they must be protected. But the ships themselves would pose no danger. So please tone down the FUD machine.

  187. Re:It's also putting the kibosh on the American Dr by WinPimp2K · · Score: 1

    "If you're only travelling 15 minutes I'd say it's not worth using a powered vechile unless you're infirm, very old, disabled, need to carry lots of tools/equipment etc. etc."

    There are also environmental considerations. Cycling in 90+ degree F (32+ C) with 90% plus humidity is just not going to fly. You'd need to pack a change of clothes and have a nice cold shower waiting for you at your destination. And just forget it entirely during a bad heat wave or the hottest part of the summer.(Can you say heat stroke?) Heck, in those conditions, the 3 minute walk from parking garage to building entrance is going to leave you drenched - no matter what brand of anti-perspirant you use.

    --

    You either believe in rational thought or you don't
  188. Re:It's also putting the kibosh on the American Dr by shrikel · · Score: 1
    Let's see here, fifteen minutes from work... we'll be generous and assume you AVERAGE 60 miles/hr. That means it's a 30-mile round trip.

    Furthermore, we'll assume you work 5 days a week so that's 150 miles per week.

    And finally, let's guess that the gas prices in your area are $4.50 -- the highest price listed for average US gas prices on this page. (I presume that you're in the US.) For $50, you can therefore get a little over 11 gallons.

    That would mean you're getting just over 13 miles per gallon. I would suggest that, if your vehicle's gas consumption is keeping you from buying a house, you may want to trade it in for something a little more efficient.

    --
    Any sufficiently simple magic can be passed off as mere advanced technology.
  189. But the American dream doesn't require oil, really by King_TJ · · Score: 1

    As we've seen with our telecommunications infrastructure here in America, other nations can easily leapfrog over our entrenched systems, reaping the benefits of not being "first" with something.

    Just because China openly says they have a goal of raising their nation's standards to the same as what's enjoyed in the U.S. doesn't mean they have to follow our same path to get there. They'd be foolish to use oil and gasoline the way we do here.

    It will take us decades to transition away from petroleum-based energy here, because so much is invested already in machinery and power plants that use it.

  190. Bullshit. by FatSean · · Score: 1

    We've seen these regulations weakened and ignored over the last 7 years.

    I've been told constantly by defenders of the oil companies...the issue is not crude, it is refining capacity. How will more crude help fuel prices?

    No real environmentalist likes Ethanol from corn, only the corn farmers and associated industry and lobbyists like Ethanol.

    --
    Blar.
    1. Re:Bullshit. by Bloke+down+the+pub · · Score: 1

      only the corn farmers and associated industry and lobbyists like Ethanol.
      I like it!
      --
      It's true I tell you, feller at work's next door neighbour read it in the paper.
  191. Re:It's also putting the kibosh on the American Dr by penguin_dance · · Score: 1

    I'm slowly coming to the conclusion that I'm going to have to wait another 5 to 10 years for the next housing market crash before I'll be able to move into a house. When my Dad was my age, the loan on his (our) house was up - and he was a factory worker. Today, I make almost four times what he did, and can't even afford a three bedroom house. So much for the American Dream.

    And we buy a lot bigger first houses than our parents did. If you look at a lot of these 1940's 50's houses they 2 or 3 tiny bedrooms and 1 bath. Maybe a 1 car garage. And they raised their families in these houses. Now everyone expects a huge, open kitchen with all the appliances and at least 2-2 1/2 baths with a large master bathroom and large, walk-in closets. So you can't just put it on inflation factors. Buyers are also demanding more and that increases the price also.

    --
    If you've never been modded as "flamebait" or "troll," you've never tried to argue a minority viewpoint here!
  192. Re:But the American dream doesn't require oil, rea by zehaeva · · Score: 1

    true, they do not need to follow our example for getting where we are. however a quick look around shows that their oil consumption per capita has increased drastically in recent years, they were 125th or so in the world in 2001 or so, today they are 25th or higher(the latest date i saw was for them at 25th in 2004, who knows, they could have dropped in standing, i could be wrong)

  193. re: steel hangers by King_TJ · · Score: 1

    A few things...

    First off, the dry-cleaners I've been to always returned my clothing on steel hangers wrapped in paper with their info printed on them. Therefore, the hanger served as advertising material, as well as a supposed convenience for the customer.

    Second, if you're the one throwing away metal hangers all the time, it seems like YOU are the one being environmentally irresponsible ... not the dry-cleaning business! I'm fine with them offering a discount for taking clothing back without the hanger. Just makes sense to give people more options when you can. But really, I see people throwing away the wire hangers while buying MORE of the plastic colored ones. (2 of my ex-g/f's did that constantly.) What's with that?? The plastic ones just break after a while, and it's getting difficult to find good, wire ones unless you're saving them up from places like the cleaners.

    Next time you lock your keys in your car, you might be thankful someone gave you a wire hanger, too.

  194. Re:No sympathy for these people. None. by thePowerOfGrayskull · · Score: 1

    I said 60/month not per week originally, and now - at $4+ a gallon, it's 60+ per week.

  195. Re:No sympathy for these people. None. by thePowerOfGrayskull · · Score: 1

    How many of these people bought "employee pricing" SUVs and other guzzlers over the last few years?

    Fuck 'em. I've been driving 4-cylinder efficient vehicles since day 1. They should have conserved.

    Most of the SUV buyers are in the more affluent portion of the population . Them I don't feel bad for - but those are not the people under discussion.
  196. Ooops. by FatSean · · Score: 1

    My bad.

    --
    Blar.
  197. What, 20 year-old Suburban isn't an SUV? by FatSean · · Score: 1

    Plenty of non-affluent people drive large gas-sucking machines and not all of them actually need them for work.

    Perhaps it is the people who chose to live far from their jobs for a nicer lifestyle...and never thought that gas would get expensive again.

    Wait, who are we talking about then?

    --
    Blar.
    1. Re:What, 20 year-old Suburban isn't an SUV? by thePowerOfGrayskull · · Score: 1

      You can toss up all the straw men you wish, but it doesn't alter the validity of my argument. Good day.

  198. Re: piracy by Alioth · · Score: 1

    Piracy is hardly bloodless. The pirates already do turn up with automatic weapons and kill the crew.

  199. Re:Interersing trend... in 1985 by operagost · · Score: 2

    That is still several hundred years it will have to be highly guarded by members of the US Armed Forces
    They'll be available once we call them back from Iraq.
    --

    Gamingmuseum.com: Give your 3D accelerator a rest.
  200. Hopefully this will last by assertation · · Score: 1

    Hopefully this will last.

    I've noticed that gas prices tend to go up sharply, then come down lower to rest above what they used to be. I guess the potential conspiracy theory is that is the way to make people happier with the higher price.

    Anyway, I hope it lasts, that oil prices or whatever replaces oil stays more expensive then labor to make this trend last.

  201. Last laughs? Blue Collar vs White Collar workers? by assertation · · Score: 1

    Off shoring of jobs is always just "a sign of the times" while it is the other guy's job and not yours. I can remember reading articles years ago with that attitude coming from American IT workers as older blue collar workers found their jobs vanishing. Kind of ironic know that the blue collar sector may be getting some of their jobs back while more American IT and white collar jobs are being off shored.

  202. Re:Interersing trend... in 1985 by Salgak1 · · Score: 1

    Let's see. . . "Right next to your home". But only for very large values of "right next to", not to mention several miles of solid rock. Ever see where Yucca Mountain IS ? The middle of the RED FLAG training range, and close to the infamous Area 51. I'd say that nobody lives close enough to make a difference. Oh, BTW, they also used to test nuclear weapons in that general area, I've read. So radioactive remains of nukes that have been popped off is fine, but deeply-buried ceramic-embedded low-yield waste is not ? Methinks you need to recalibrate your personal threat-meter: it's apparentely running on the "fictional" setting . . .

  203. Re:It's also putting the kibosh on the American Dr by greyhueofdoubt · · Score: 1

    >>The only thing I really get with a bigger house is bragging rights and a whole lot more maintenance.

    Not quite true. In a condo or apartment, the money you pay goes to the landlord. After 30 years, you are that much poorer. When you buy a house, you are building equity and at the end of 30 years (or sooner), you own a house that is worth roughly what you put into it. The more you invest in the down payment, the more this is true.

    I lived in an apartment for the last 7-8 years and that money is gone forever. I just bought a house, and while it is a pain in the ass initially (gutting and remodelling it), I will make back more than the money I invested in it.

    You also get a place to call your own- a place you can decorate the way you want, where you make the rules, where you have the freedom to do almost whatever you want. THAT I think is the true american dream, or at the very least it's the best part of being an adult: Freedom is earned, one way or another, and buying a house is one way that we do that. There is no freedom living in a rental. You may not have any responsibilies, either, but you live at the whim of your landlord and your asshole neighbors.

    -b

    --
    No offense, but I've stopped responding to AC's.
  204. Re:Interersing trend... in 1985 by catmistake · · Score: 1

    Even a SOTA reactor creates deadly waste. The US is is big place, and even if (a big IF) storage in Yucca Mountain is a good idea (personally, I think its a terrible idea... but I admit, NO ONE REALLY KNOWS), transporting 75,000 tons (currently... and consider every single temp containment facility is FULL right now) of deadly (for 30K years) nuclear waste TO Yucca Mountain is insanely dangerous (when you consider there are ~3000 train wrecks a year).

    Nuclear is a piss poor solution. We need renewable energy solutions... solar & wind, geothermal, hydrolic... etc.

    Everyone hates ethenol right now because its corn based... but in a few short years the fermentation crtitters will be developed enough to create cheap fuel from your yard clippings (and anything that grows that isn't food). Oil is going to have a slow thrashing death when ethanol becomes as cheap as fresh water.

  205. Re: piracy by phoenix321 · · Score: 1

    Radioactive dust is pretty dangerous and pretty scary. There is no substance other than military nerve gas that can affect as much people within a similar distance of an incident.

    Radioactive dust from a burning or shattered reactor core is highly toxic (chemically, 2mg Pu per person is enough), highly carcinogenic, hard to remove, hard to detect and hard to contain. And will be for a pretty long time, even when the dust finally settles somewhere.

    The primary damage in and around Chernobyl was done by radioactive dust and particles. They were carried downwind for thousands of kilometers and caused significantly higher cancer rates all along their path.

    A small bomb on the right component can release a larger quantity of radioactive particles that are then spread by the wind. Assuming you could blow up a reactor vessel within San Francisco harbor, you would have a radioactive cloud that would not kill everyone, but make all land and buildings within a 20km radius uninhabitable, for several decades.

    One dirty bomb is not the end of the world and will not be worse than Chernobyl. But even an incident with a magnitude of less than TEN percent of Chernobyl would be devastating when happening in a Western metropolitan area, seriously.

    A suicide bomber without care for his own life would be able to get inside the reactor, take out the radioactive fuel and then do something destructive with it. So basically, grim determination and a large angle grinder would be enough to get to the nuclear core.

    The point is: if it wasn't dangerous to run a reactor without shielding, closed circuits, precise monitoring and strong security - why do we do all that in commercial nuclear plant operation? You think we do all that just to please the public and 'irrational tree huggers'? Why don't we have nuclear barbecue grills then, they sure would save some wood from the rainforest, would it? ;)

  206. Steve Jobs is coming home! by Anonymous Coward · · Score: 0

    After all this time, Steve is coming home! No longer will low gas prices keep him from his family.

  207. Re:Telecommuting - 4 day work week - won't happen by Anonymous Coward · · Score: 0

    How will your boss get you to work and 80 hour week in 4 days?

  208. IT jobs by Anonymous Coward · · Score: 0

    This economics doesn't apply to transferring electrons though. IT jobs will still continue to be outsourced.

  209. Re: steel hangers by NeoSkandranon · · Score: 1

    I don't know about anyone else here but I'd love for dry cleaners to stop using those damn metal hangars altogether, they're worthless because they BEND.

    I've never had a plastic one break, while I throw metal ones out all the time because the weight of a jacket or slacks has made it warp to the point that clothes don't stay on it.

    --
    If you can't see the value in jet powered ants you should turn in your nerd card. - Dunbal (464142)
  210. Re: piracy by AKAImBatman · · Score: 3, Informative

    I don't have the energy to go through this all over again, so I'll punt to the experts:

    http://goliath.ecnext.com/coms2/gi_0199-6700447/Scrubbing-dirty-bombs-explosive-hype.html

    Steven Musolino of Brookhaven National Laboratory, who worked on the dirty bomb experiments with Harper, summed it up this way: "Pretty much everything bad happens within 500 meters, and to a large extent [the bad effects] don't happen." That conclusion jibes with the Nuclear Regulatory Commission's fact sheet on dirty bombs, which says the long-term health risk of limited exposure to radioactive particles is probably "extremely small." The commission categorizes the dirty bomb not as a weapon of mass destruction, but as a weapon of mass disruption.

    http://www.news.uiuc.edu/gentips/02/07dirtybomb.html

    Even if terrorists got access to radioactive isotopes and wrapped them around a conventional explosive device - an unlikely scenario, according to Palmore - the real danger would come from the explosion, not the spread of radioactive material. "If you're thinking in terms of pellets of radioactive material that might be spread through an explosion," he said, the danger is minimal because "it doesn't disperse in the air; you would just go through the area with a Geiger counter and clean it up."

    http://www.notposta.com/?p=19

    Dirty bombs are overrated. No one receives a lethal radiation dose from a dirty bomb, besides the bomber.

    http://www.onthemedia.org/yore/transcripts/transcripts_072503_fear.html

    To many experts, the dirty bomb is the most over-rated weapon in the terrorist arsenal. That's because the actual loss of life and property from such an attack probably would be relatively limited.

    Long story short: Dirty bombs don't work. It's not nearly as easy to distribute radioactive materials as the media would have you believe.

  211. Re:It's also putting the kibosh on the American Dr by ELProphet · · Score: 1

    Even though I'm just a fifteen minute commute from work, I spend nearly fifty dollars a week getting there and back. Not trying to argue or anything, but have you looked at investing in a bike? In most urban places, I'd expect that 4-8 minutes of that is spent waiting on traffic lights, and the other 7-11 minutes you don't get much faster than 45 MPH, 35 if your lucky. A decent street bike is under $400 new, $200 used, and $20 at a garage sale- you'll make it to work in 20 minutes at worst, and you'll have a great excuse to exercise on the way home- is the wife really going to get mad when you spend an extra 30 minutes coming home to get a great bike ride in? ;) Oh, and you'll have paid off your shiny new bike in a little over 2 months in gas savings alone.
  212. Re:Geez. Works both ways. by dpilot · · Score: 1

    > (especially if it involves the hanging of Bush and his oil cronies)

    Never happen. Even if/when it all falls apart they have enough money to float through, high and dry. The ones to suffer will be the ones who always suffer, plus their neighbors just up the curve.

    --
    The living have better things to do than to continue hating the dead.
  213. Re:Geez. Works both ways. by EnergyScholar · · Score: 1

    While it's entirely true that fuel prices might be artificially inflated, too, MOST of the rising fuel costs we all face are due to the effects of Peak Oil. We are entering the early stages of an entirely predictable (and thoroughly predicted) energy crisis.

  214. On being Pristine... by DesScorp · · Score: 1

    "It is absolutely beautiful and pristine up there, but drilling would arguably have much less impact on human settlement than strip mining the Rockies or the Appalachians."

    As far as ANWR being this pristine, Edenic paradise, has anyone actually seen the area where they want to do the actual drilling? It's a lousy marsh. When it isn't frozen, it resembles a muddy football field. People that argue against drilling on the basis of despoiling ANWR's "beauty" either have lousy tastes or are being disingenuous. The area where they want to drill is mainly occupied by mud, grasses, and flies.

    --
    Life is hard, and the world is cruel
  215. Re:Interersing trend... - it's peak oil. Duh! by EnergyScholar · · Score: 1

    No. You said, "The current prices are caused by speculation". Nope. Speculation might temporarily somewhat alter prices, but not nearly as much as we've seen.

    Oil is expensive now because we've passed peak oil. It's that simple. The evidence for this is overwhelming. We just don't want to believe it, so we blame the scapegoat-du-jour, 'speculators'.

    We're now facing the beginning of the final energy crisis of our civilization. We have two basic strategies:

    #1 Struggle to get every last drop of oil.

    #2 Abandon oil-based systems and infrastructure, with great pain and suffering.

    Here's the trick: behind option #1 is option #2, but with much war and violence between them. That's why I recommend going straight to option #2, thus skipping the horrible and utterly pointless (because they won't actually secure enough additional oil to pay for themselves!) resource wars that result from strategy #1.

    Deal with Reality, or Reality will deal with you.

  216. Are you kidding me? by sparkymaster · · Score: 1

    So much for my long silence on /. ("first post!"). This post was marked as +5 Informative?!? The linked "article" was an opinion piece by, get this, the CEO of the American Petroleum Institute. I think you need to quit buying the bull puckey talking points yourself. My guess (only reasonably educated - not based on fact), is that the oil industry wants a land grab so that once it is profitable enough, they will have all of drillable land, and all of the cards with the American people -- "let us drill here with limited regulation and oversight or else you will not have oil to run the country". The oil industry needs to get over it. They knew the rules going into it - it was pure speculation.

  217. Re:It's also putting the kibosh on the American Dr by Frank+T.+Lofaro+Jr. · · Score: 1

    Your are quite correct, unless you live in a house with a home owners' association or have a mobile home where you own the house but not the land.

    HOA = asshole neighbors with the power to foreclose and sell your house.

    --
    Just because it CAN be done, doesn't mean it should!
  218. Re:It's also putting the kibosh on the American Dr by itsownreward · · Score: 1

    It takes me three minutes to get to the interstate, it's about fifteen minutes on the interstate and about two minutes into the parking garage. That's twenty minutes, but even if it were five minutes closer, there's no way I'd be out there on a bicycle. I'd get run over. (Before someone suggests an alternate route, an intervening river I have to cross limits my alternate routes to being either five miles out of my way and moderately less dangerous, or twelve miles out of my way or forty miles out of my way and just as dangerous. Not really acceptable changes.)

  219. Bring Jobs home? by Anonymous Coward · · Score: 0

    From the headline I was expecting this article to be about Steve Jobs having to cut back on jet use...

  220. Why just one option? by DesScorp · · Score: 1

    " I think the money and time are better spent trying to figure out how to get us off fossil fuels than just postponing the inevitable decline of oil."

    First, I have to challenge you on the "inevitable decline" statement. It IS inevitable, but new oil fields (some of them massive, like the one off the coast of Brazil) are being found, and oil isn't the only fossil fuel source. Include shale, tar sands, natural gas, and coal, and you have more energy than all the nations of the world would use in hundreds of years. So it's inevitable the same way that the Sun will one day burn out. It's just disingenuous to pretend that will happen tomorrow, though.

    Second, why can't we do both? Why can't we drill/explore for new fossil fuel sources while we improve nuke technology and develop new renewable sources? What's with this false dichotomy of "one or the other"? It's not like if we abandoned oil that all the petroleum engineers and geologists could suddenly turn their attention to making new solar tech. They don't know a damned thing about it. This whole "we need to all pull in one direction" argument is not only impractical, it's impossible.

    I wish you guys making this argument would fess up, be honest, and simply admit that you simply don't want man to go after more hydrocarbon energy sources no matter what, whether it's for enviromental reasons, efficiency, reasons, polution reasons, whatever. Just be honest. It's like this stupid refrain on drilling off the coasts; "but the oil companies already have millions of acres of leases".

    Come on. Like you really want them to get MORE oil from those lands anyway, right? The truth is, you want mankind to abandon hydrocarbon fuels altogether, as soon as possible, even if it makes things harder for the present time. You don't want any drilling at all. I'd respect you guys a hell of a lot more if you'd just admit that you want us all to go on a forced energy fast instead of dancing around the subject.

    --
    Life is hard, and the world is cruel
  221. Re:Interersing trend... in 1985 by shlashdot · · Score: 1

    I would be interested to hear about the deaths from solar.

    I don't doubt your statistic, just never heard about death from solar power.

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    Additional plugins are required to display all the media on this page.
  222. Re: piracy by Splab · · Score: 1

    Really?

    The last few piracy events involving Danish ships have ended bloodless, perhaps you are referring to piracy used for smuggling? Most piracy around Africa at least is about ransom, if you bring guns into that you are in trouble.

  223. It's a lot more than transport costs by RexDevious · · Score: 1

    Why is it cheaper to have work done overseas, even adding in the "shipping costs"? Because people in other countries can work cheaper than us. Why could they work cheaper than us? Because they could be paid less, and their countries cost less to live in to begin with.

    During the outsourcing craze, I worked out that the highest paid programmer in India wouldn't qualify for a lease in a studio apartment anywhere in New York City, even if they walked to work, ate nothing but Ramen, purchased nothing *but* that Ramen, and never saw a doctor of any sort. So why, I asked myself, could they do it in India?

    Rent was cheaper, because there were no building codes making houses safe, or guarantees of consistent electricity, drinkable water, or sewage or trash removal. Taxes (which also contribute to all costs) were lower because they didn't have luxuries like our FDA making food safe, reliable fire or police departments, mail delivery, etc. And of course, no pricey labour laws, worker safety standards, health care, wage standards, unions, etc.

    But then companies started outsourcing to Canada, because they saved a bundle not having to provide health insurance. Then companies shifted from China and India to Viet Nam, because the value of the dollar had dropped in relation to their currencies too much.

    And now, the cost of oil is bringing back those good ol' American jobs.

    Say what you will about the current Administration - but you gotta give them credit for making great strides at turning America into the type of 3rd world nation where people go for cheap labour. If we elect McCain (or the OPEC stops pricing oil in greenbacks), it won't be long before "Made in USA" will replace the "Made in China" on all the cheap, lead-tainted, salmonella laden, useless crap other the rest of the world can afford to buy at predatory super-stores. Yay! Plus, our new standard of living will really take a bite out of the pesky "urban sprawl" problem.

    But hey, we'll always have Paris... Hilton. We can't risk developing a Spoiled Brat Gap.

  224. Re:Interersing trend... - it's peak oil. Duh! by Maxo-Texas · · Score: 1

    I agree with most of your points (except the speculation mostly).

    I would say that #2 is tricky because there is no magic bullet.

    The correct answer is

    solar, wind, nuclear (but be very careful), biofuels, better construction, wave, yada yada.

    We are past the point where any one solution will be effective. If we tried to use solar exclusively, the prices would go through the roof. I think we need 10 10% solutions instead of looking for the one "100%" solution.

    Likewise on automobiles, if we went 100% hydrogen- there would be some unknown backlash ( for example- that's a heck of a lot of water you are going to be pumping into the atmosphere which would alter the micro-climates).

    --
    She was like chocolate when she drank... semi-sweet at first and then increasingly bitter.
  225. Re:Size of product isn't the issue, cost is the is by sjames · · Score: 1

    And of course, a lot of the overland cost can be reduced with intermodal shipping. Trains are about 4 times more efficient than trucks but trucks can deliver to more places. Intermodal combines the best of both.

  226. What is magical about 5 days a week? by caitsith01 · · Score: 1

    Why is it any better than 4 or 6?

    It's an arbitrary number, and if commuting is creating major social problems then it is realistic to re-evaluate it.

    Oil prices aside, I think most people would probably be happy to trade some money for (comparatively) a lot more free time.

    --
    Read Pynchon.
  227. Re:Interersing trend... in 1985 by dbIII · · Score: 1

    How? I would say only in a world without gravity. It's worth pointing out that the discredited "coal is nuclear waste too" paper from the 1970s that you can read on the ornl website is the only paper on the subject - and it modelled pollution controls as a simple black box that allowed a certain percentage of everything out. Do you really think heavy metals are lighter than the sulphur dioxide gas scrubbers are designed to extracted and lighter than the silica the precipitators are designed to remove?

  228. Re: piracy by husker_man · · Score: 1
    I remember back in the 1970's when we had a rash of plane hijackings (think Entebbe). The policy experts of the time said that the best thing to do was to meekly go ahead with the hijackers, do whatever they wanted, etc. So what if they wanted to fly to Cuba! It just means that you get a visit to a foreign country.

    Then 9/11 happened.

    Never again.

    You need to respond to force - "The Shores of Tripoli" still resonates today.

  229. Re:Interersing trend... in 1985 by smegged · · Score: 1

    Most of them result from people falling from rooftops, but some are from dangerous chemical exposure in manufacturing and still more are caused in the mineral extraction process itself.

    Still, solar is vastly more safe than coal generation.

  230. Re:Interersing trend... in 1985 by Anonymous Coward · · Score: 0

    "we haven't figured out what to do with the tons of nuclear waster we have NOW"

    This is largely a political problem. If you were allowed to recycle your fuel rods you'd have no-where near the amount of nuclear waste you have now.

    "highly sought after by terrorists waste product that has to be stored securely for in excess of 5000 years"

    This is also political, that "waste" would be considered fuel for more advanced designs (eg: ALMR), and the resulting waste left over from that process matches the radioactivity level of the original ore within @200 years. Humans have experience with storing things for 200 years, so this is no where near as big a problem, even if we put aside that we would be dealing with a much smaller amount of waste.

    "There are simply too many problems we haven't fixed"

    There exists technical solutions, just not political ones.

  231. Also Easter Island by Anonymous Coward · · Score: 0

    Who cares about the environment, it can recover in 20-40 years.

    Where do you get this crap? Take a look at the island of Crete. This island used to be almost completely covered in forest. Then the Minoans began clear-cutting it for lumber to build ships. This continued for several generations. When the forest was clear cut, there was no longer any mechanism for the top soil to be held in place. It washed into the sea. The isle of Crete is now a wasteland in terms of the ability to grow forest -- solid forest has not grown there in thousands years.

    You are naive, ignorant, short sighted, and have an offensive disregard for the natural world.

    The Easter Islanders home used to be covered in thick forest. Until they started cutting down trees to assist in building and moving bigger and bigger stone idols.

    Eventually there were hardly any trees left, causing soil erosion, starvation from not being able to cultivate crops and warfare.

    The Easter Islanders died out completely.

  232. Re:Dollar Price is Low by zsau · · Score: 1

    No. The price of oil is high. Here in Australia where our dollar is buying in excess of 95 US cents — compared with 50 cents at the turn of the century — the price of oil is around $1.65/L (around $US6/gallon) and going up substantially every time you fill up — the opposition is trying to get a 5 or 10 c reduction in excise, which would reduce the cost of petrol by a week or two. Australia is traditionally a cheap oil nation, with very few apartments in most cities and very extensive suburbs.

    --
    Look out!
  233. Re: piracy by Anonymous Coward · · Score: 0

    Jesus H. MF Christ will you guys get over it? One single fucking incident.

    100 times more has lost their lives as a direct consequence of the stupidity of armed men and women going on rampage over 9/11, and I'm looking at you mr. Husker.

  234. Re:Interersing trend... in 1985 by PitaBred · · Score: 1

    http://answers.google.com/answers/threadview?id=780347

    Hey, look at that... a quick google answers your questions. With proper references and everything. Coal is not nuclear waste, coal contains nuclear elements which are subsequently released into the air. There's a lot that is removed, but it's not clean. Nuclear plants don't emit any radioactive particles into the air.

  235. And you're obviously not honest by biolysis · · Score: 1

    "Of course I can't predict."

    I agree, so why did you guarantee that drillinq in Alaska will screw it up?

    "'Pray for sunshine, plan for rain.' Ever hear of that one?"

    Sure, what does planning for the worst case have to do with you GUARANTEEING that drilling in Alaska will screw it up?

    "All drilling in Alaska is guaranteed to do is to screw up Alaska."

    YOU said that, then claimed you weren't making a prediction. Do you know what a prediction is, or are you just dishonest?

    "You're obviously not an engineer."

    And you're obviously not honest.

    1. Re:And you're obviously not honest by Weaselmancer · · Score: 1

      Drilling there will change things, and not for the better. Period. An oil well is at the very least not as visually pleasing as what nature has put there.

      The depth and degree to which we are going to screw things up depends on human fallibility and dumb luck. How much, and when. Will it merely be visual nuisances? Or will we have an inland Valdez type disaster? I can't predict the degree to which oil drilling will change things for the worse, but it will.

      And on a personal note, quit being such a nit-picky douchebag.

      --
      Weaselmancer
      rediculous.
    2. Re:And you're obviously not honest by biolysis · · Score: 1

      "Drilling there will change things, and not for the better. Period."

      That is a prediction, which you claimed could not be made.

      So, were you lying then or now?

      "And on a personal note, quit being such a nit-picky douchebag."

      Quit lying and I won't have to continue proving you wrong, which you obviously interpret as being a "nit-picky douchebage". It says a lot about you that insisting on honesty is being a "nit-picky douchebag".

    3. Re:And you're obviously not honest by Weaselmancer · · Score: 1

      Oh for fuck's sake.

      I cannot predict the magnitude of the change. There is no contradiction.

      You nit picky douchebag.

      --
      Weaselmancer
      rediculous.
    4. Re:And you're obviously not honest by biolysis · · Score: 0, Flamebait

      "I cannot predict the magnitude of the change"

      So, it could be zero then.

      I agree, I was right from the start. Thanks for admitting it.

      "There is no contradiction."

      In this case I agree, there was the admission I was not expecting your pathetic lying ass to make, that there could conceivably be NO CHANGE WHATSOEVER.

      Thanks for admitting I was right.

  236. but.. by jeephistorian · · Score: 1

    You are naive, ignorant, short sighted, and have an offensive disregard for the natural world.

    ...but we like you anyway! :-)

    --
    Huh?
  237. Re:But the American dream doesn't require oil, rea by tonekids · · Score: 1

    Sorry I don't have any mod points...

  238. Comment removed by account_deleted · · Score: 1

    Comment removed based on user account deletion

  239. Comment removed by account_deleted · · Score: 1

    Comment removed based on user account deletion

  240. Re:Interersing trend... in 1985 by dbIII · · Score: 1
    You can read the initial study from the 1970s that is quoted by fanatics and press that doesn't know better on the ornl website. It's well laid out which convinces many who don't make it as far as reading the assumptions that were made. It's good to see that you have gone beyond that unlike many nuclear advocates that think the simplistic black box approach to pollution controls is the reality.

    While the midwest USA has some radioactive coal elsewhere you can get a lot more radon gas released by drilling for anything through rocks such as granite. We'll probably get some clown screaming "geothermal makes nuclear waste too".

    Some time ago I spent a while examining coal ash by scanning electron microscope including looking for various elements (using backscatter). There were never any peaks from the radioactive elements visable above the noise. Now while that was only ash from two power plants and I was looking for different elements I was still very suprised when the "ALL coal ash is nuclear waste" cry started up and even more suprised when so many people took it as fact.

    Personally I think coal should be blamed for the real deaths and pollution problems seen paticularly in China instead of a the fallout of an old PR campaign along the lines of "coal is nuclear too".

  241. Re:It's also putting the kibosh on the American Dr by WhiteHorse-The+Origi · · Score: 1

    I agree the American dream has become a nightmare. I finally gave up during the housing bubble and moved to Asia. After losing job after job to India and the Philipines, I'd never be able to afford a house in the US. Add to that draconian security, everything overpriced, everything's illegal, the gov't has overthrown the people, etc. Now I bike to work, live cheaply, and have a relatively decent job with security. I also don't have to sit in a cubicle :) and can go fishing without a license, if I break the law I pay a $5 fine, and I get to spend most of the money I earn how I choose.

  242. Re:It's also putting the kibosh on the American Dr by Sally+Forth · · Score: 1

    When your dad was your age, he probably didn't have a cell phone, an mp3 player, credit cards, a dishwasher, a car loan, Internet service, satellite/cable, or half as much house as is now standard.

    Well, I don't know about HIM personally, but the American Dream is so much bigger now than it used to be when "happiness" meant "having the means and strength by which you could do your duty to family and society". People have more stuff and more monthly payments than ever before. They produce less, save less, repair less, and buy more.

    Ask him about his standard of living at that time, try to match it, and then find out if you can afford a house the size of the one he had.

  243. Re:It's also putting the kibosh on the American Dr by Sally+Forth · · Score: 1

    Thank you!

    Houses with full yards and large garages DO make sense in rural areas, as do pickup trucks and other things that suburbanites tend to claim are ALWAYS a luxury and bragging rights.

    I use my full yard for free-range chickens and a vegetable garden. Just the ability to get eggs and fresh veggies at an extremely low cost (A $.25 pack of seeds OR a $1.25 set of six plants can net you over 800 cherry tomatoes) helps offset the extra cost for the larger property.

    A European friend of mine was amazed to hear we actually had a BATHTUB, but he was shocked to find that we filled the bathtub with water when a bad storm was coming in case we LOST POWER.

  244. Nonsense by Rob+Simpson · · Score: 1
    If it's radioactive, it can still be used as fuel by the right kind of reactor:

    Currently, there is a worldwide surplus of plutonium due to the various agreements between the United States and the former Soviet Union to dismantle many of their warheads. However, the security of these supplies is a cause for concern. One way to address this security issue is by converting the warhead into fuel and burning the plutonium in a CANDU reactor.

    Storage facilities like Yucca are a red herring...just keep burning!