Newly Discovered Bacteria Could Aid Oil Cleanup
suraj.sun passes along news from Oregon State University, where researchers have discovered a new strain of bacteria that may be able to aid cleanup efforts in the Gulf of Mexico. The bacteria "can produce non-toxic, comparatively inexpensive 'rhamnolipids,' and effectively help degrade polycyclic aromatic hydrocarbons, or PAHs — environmental pollutants that are one of the most harmful aspects of oil spills. Because of its unique characteristics, this new bacterial strain could be of considerable value in the long-term cleanup of the massive Gulf Coast oil spill, scientists say." In related news, Kevin Costner's centrifugal separator technology has gotten approval for deployment; now it is only waiting on funding from BP.
The bacteria idea sounds great, but will probably result in a new and deadly plague that will give rise to oil gobbling mutants! As for the other idea, I don't see how Kevin Costner can claim to have developed an oil separator that has been in use by US Navy ships since before the early eighties. We had them on my ship when I was in back in 1983. They were used to separate water and dirt from lube oil.
Yeah, thinking that that oil conglomerates fix prices is a super nutty conspiracy thinking. I mean, it's not like giant companies like ADM have ever been involved in price fixing with their group of international competitors. Now, I may not be totally up on the matter, because I'm a geek and stick to tech news rather than business news, but I've never heard of price-fixing happening in real life and not just in conspiracy nutters ramblings. The whole concept is just crazy. You are a wise man.
"Debeers is now allowed to operate in the U.S. because they are a price fixing monopolist." Nope. Although DeBeers is a monopolist as you say, it is now allowed to operate in the US not because of their monopolist status, but because they settled the various lawsuits pending against them in the US, some of them quite longstanding. See Wikipedia article on DeBeers. As a result, it is now possible for DeBeers' employees to come to the US without fear of arrest. Prior to the settlement, if you were a scientist employed by DeBeers and wanted to attend a conference in the US, you couldn't.
If you've ever driven through the south eastern US, say along HWY 85 from Georgia to Alabama you can see fields of kudzu that are engulfing whole areas. This stuff grows inches per day and covers trees, cars, telephone poles etc..
Uhh.. They did. There was even a movie about the whole thing starring Matt Damon.
AccountKiller
Is it in the US that you regularly let enormous amounts of food rot because you can't dump it on the market?
Well, it certainly happens in Europe all the time. And the governments run and organise it. The governments. Not the farmers, but the state officials and administrators.
Foodstuffs for which there exists an active futures market, so precisely the same effect applies. And the justifications for restricting supply is identical.
Consolidations in the auto industry? Shutting down of plants? "ZOMG ALL PLANTS SHOULD PRODUCE AT MAXIMUM CAPACITY OR ITS MANIPULATION"
Yes, it is manipulation. The reason why it is done in the oils market is that storage capacity is limited, demand is quite stable, while supply is _not_ always stable, and storage is limited - which means that, if people demand 100,000 barrels of oil a day and you come supply them with 120,000, nobody would buy the remaining 20,000 unless you practically gave it away. I believe at certain times the gas price has been _negative_ for this reason - demand is stable and there is no available storage, so you actually _pay_ whoever can take gas off your hands with a spare rubber balloon to take it away.
This is not somehow "breaking the model", only your internal model, which doesn't describe either how the world works or how it should work. Things done this way works well. If things were not done this way they wouldn't do well. That is all the justification that needs to be given.