And then they can join Indonesia and UK to form the OFPEC, Organization of Former Petroleum Exporting Countries (Indonesia is now a net importer of oil).
A cartel makes it more complicated. It's more like the Prisoner's Dilemma. A disciplined cartel that cooperates in restricting production could keep prices high, but the OPEC members make more money individually by defecting and producing over their quota.
We already past the discovery peak way back in the 60's. Peak Oil is about the maximum production *rate*.
There's actually different schools of thought about oil prices. What we've seen in past year is that high oil prices destroy economic growth which destroys high oil prices. Low oil prices and lack of credit destroys oil production capacity (new projects take 5 years to produce commercially; cancel it now, and that's oil we won't have in the future). We'll still have economic cycles, but everybody will be wondering why each recession is worse than the last one.
I think he means simple to install. Have you tried the codec packs like K-lite? Sure, they have simple install presets, but it's a huge number of components.
Fixed cameras like that serve a purpose, but for an aerial view a helicopter or light plane can get better pictures than a satellite at a tiny fraction of the cost. If you control the airspace, you don't need an expensive satellite to take pictures from the air.
We've already crossed that line: helicopters with infrared to spot marijuana grow houses. They're not yet at the point of detecting body heat through walls from helicopter altitude, AFAIK.
There are three parts to security: Confidentiality, Integrity and Availability, C.I.A. If the C part is most important, then a netbook with encryption and OS on removable storage makes sense. Availability isn't so good because you can't leave it on all the time to receive messages. Once the revolution has started, availability is more important because the government will be trying to shut down networks, and there is the element of hiding in plain sight if there are a hundred thousand other people in the crowd. In that case, adapt your plans to whatever communications you have left.
I'm in California too. The last renewal, I had to go in for a picture and eye test. I remember the bad old days of 2+ hrs in line, but with an appointment, I was in and out in 25 minutes. It's not VIP service, but I've dealt with much worse customer service: for starters, phone, cable, and health insurance.
I had a Palm IIIxe and actually used one of the free alternatives, Plucker. Offline sync was a good concept back in the day of expensive or non-existent mobile data (remember the Palm VII?), but technology passed it by. It's pretty easy to find mobile-friendly websites, or use skweezer.com.
Which part? The leverage ratio of derivatives ultimately backed by real estate collateral or the percentage of home mortgages guaranteed by the GSEs? Neither of those assertions are especially controversial. I will give you that the majority of FMA's and FRE's portfolios were conforming loans.
The law is that a purchase money loan on a primary residence is non-recourse. A refinance is not a purchase money loan and is a recourse loan. Taking cash out in the refi may or may not make a difference, IANAL.
Before the bubble, all these exotic loans were small niche products with arguably legitimate purposes. Option ARM for the recent MBA or law school grad who can expect high income growth. Stated income as a "wink, wink, nudge, nudge" way for escorts and drug dealers to buy homes.
The financial term is a non-recourse loan, and it doesn't apply to all mortgages. Most importantly, if you refinance the mortgage becomes a recourse loan; you'll owe the difference if you walk away. How many homeowners *didn't* refinance in the low interest frenzy of the early 2000's?
Still, it was common for banks to forgive the shortfall when foreclosing recourse loans.
This point is often lost on people. Whether or not you personally participated in the bubble by buying or selling a McMansion, much of our employment and investments was either tied directly to real estate or supported by the general economic growth that was driven by real estate.
Indeed. From Wikipedia. This is the only info that remotely substantiates the claim of "Democrats forced banks to lend to poor people!" Subprime lending is very profitable as long as the higher interest covers defaults.
In 1999, Fannie Mae came under pressure from the Clinton administration[9] to expand mortgage loans to low and moderate income borrowers. At the same time, institutions in the primary mortgage market pressed Fannie Mae to ease credit requirements on the mortgages it was willing to purchase, enabling them to make loans to subprime borrowers at interest rates higher than conventional loans. Shareholders also pressured Fannie Mae to maintain its record profits.[10]
In 2000, due to a re-assessment of the housing market by HUD, anti-predatory lending rules were put into place that disallowed risky, high-cost loans from being credited toward affordable housing goals. In 2004, these rules were dropped and high-risk loans were again counted toward affordable housing goals.[11]
Fannie Mae and Freddie Mac held a significant fraction, maybe even a majority, of the collateral that was leveraged into trillions on Wall Street. There was no similar bubble in commercial real estate.
Not saying they should get most of the blame, but based on the sheer volume of collateral flowing through them, they were guilty of going along and enabling the eventual collapse.
Longer answer, AOL used lots of volunteer hosts for message boards and online games. They were usually compensated with an hour of online time for every hour volunteered (back in the days when AOL charged by the hour).
But electric cars use much higher voltage than electronics and power tools, so you end up using many cells in series. The 18650 cells in your laptop aren't the best size for cars, but Tesla uses almost 7000 of them in the Roadster. Large format cells would obviously work better for cars, but it's not a huge leap from the sub-C cell used in power tools to a larger cell for EVs. Battery cell production is a mature commoditized business. Battery *pack* production for EVs is still low-volume and specialized. Don't hold your breathe for better, cheaper batteries, though.
I'd say the billions of portable electronics around the world drive a lot of demand for battery technology, but we've only made incremental improvements since switching from NiMH to lithium. If we assume that 80 mi range is "good enough" for a city car, then the current lithium batteries with incremental improvements in cost and packaging could be good enough too. It all depends on your expectations. A 250 mi range will take a large, expensive battery pack.
Slashdot Mirror
And then they can join Indonesia and UK to form the OFPEC, Organization of Former Petroleum Exporting Countries (Indonesia is now a net importer of oil).
A cartel makes it more complicated. It's more like the Prisoner's Dilemma. A disciplined cartel that cooperates in restricting production could keep prices high, but the OPEC members make more money individually by defecting and producing over their quota.
We already past the discovery peak way back in the 60's. Peak Oil is about the maximum production *rate*.
There's actually different schools of thought about oil prices. What we've seen in past year is that high oil prices destroy economic growth which destroys high oil prices. Low oil prices and lack of credit destroys oil production capacity (new projects take 5 years to produce commercially; cancel it now, and that's oil we won't have in the future). We'll still have economic cycles, but everybody will be wondering why each recession is worse than the last one.
You could make a grid for this. For purposes of driving, I'll assume clumsy and incompetent are interchangeable.
Clumsy and they know it | Clumsy and they don't know it
Competent and they know it | Competent and they don't know it
I think he means simple to install. Have you tried the codec packs like K-lite? Sure, they have simple install presets, but it's a huge number of components.
Fixed cameras like that serve a purpose, but for an aerial view a helicopter or light plane can get better pictures than a satellite at a tiny fraction of the cost. If you control the airspace, you don't need an expensive satellite to take pictures from the air.
We've already crossed that line: helicopters with infrared to spot marijuana grow houses. They're not yet at the point of detecting body heat through walls from helicopter altitude, AFAIK.
There are three parts to security: Confidentiality, Integrity and Availability, C.I.A. If the C part is most important, then a netbook with encryption and OS on removable storage makes sense. Availability isn't so good because you can't leave it on all the time to receive messages. Once the revolution has started, availability is more important because the government will be trying to shut down networks, and there is the element of hiding in plain sight if there are a hundred thousand other people in the crowd. In that case, adapt your plans to whatever communications you have left.
I'm in California too. The last renewal, I had to go in for a picture and eye test. I remember the bad old days of 2+ hrs in line, but with an appointment, I was in and out in 25 minutes. It's not VIP service, but I've dealt with much worse customer service: for starters, phone, cable, and health insurance.
I had a Palm IIIxe and actually used one of the free alternatives, Plucker. Offline sync was a good concept back in the day of expensive or non-existent mobile data (remember the Palm VII?), but technology passed it by. It's pretty easy to find mobile-friendly websites, or use skweezer.com.
Which part? The leverage ratio of derivatives ultimately backed by real estate collateral or the percentage of home mortgages guaranteed by the GSEs? Neither of those assertions are especially controversial. I will give you that the majority of FMA's and FRE's portfolios were conforming loans.
The law is that a purchase money loan on a primary residence is non-recourse. A refinance is not a purchase money loan and is a recourse loan. Taking cash out in the refi may or may not make a difference, IANAL.
Purchase money loan defined as:
Before the bubble, all these exotic loans were small niche products with arguably legitimate purposes. Option ARM for the recent MBA or law school grad who can expect high income growth. Stated income as a "wink, wink, nudge, nudge" way for escorts and drug dealers to buy homes.
The financial term is a non-recourse loan, and it doesn't apply to all mortgages. Most importantly, if you refinance the mortgage becomes a recourse loan; you'll owe the difference if you walk away. How many homeowners *didn't* refinance in the low interest frenzy of the early 2000's?
Still, it was common for banks to forgive the shortfall when foreclosing recourse loans.
This point is often lost on people. Whether or not you personally participated in the bubble by buying or selling a McMansion, much of our employment and investments was either tied directly to real estate or supported by the general economic growth that was driven by real estate.
It works both ways,
wife, kids and mortgage = obligations that tie you to a steady paycheck.
young and single = more conducive to insane overtime
I tend to agree that more obligations make you more of a wage slave.
Living in an apartment with only enough space for your needs?!? Why do you hate America?
Indeed. From Wikipedia. This is the only info that remotely substantiates the claim of "Democrats forced banks to lend to poor people!" Subprime lending is very profitable as long as the higher interest covers defaults.
Fannie Mae and Freddie Mac held a significant fraction, maybe even a majority, of the collateral that was leveraged into trillions on Wall Street. There was no similar bubble in commercial real estate.
Not saying they should get most of the blame, but based on the sheer volume of collateral flowing through them, they were guilty of going along and enabling the eventual collapse.
Short answer, yes:
http://www.aolsucks.org/parker.htm
Longer answer, AOL used lots of volunteer hosts for message boards and online games. They were usually compensated with an hour of online time for every hour volunteered (back in the days when AOL charged by the hour).
But electric cars use much higher voltage than electronics and power tools, so you end up using many cells in series. The 18650 cells in your laptop aren't the best size for cars, but Tesla uses almost 7000 of them in the Roadster. Large format cells would obviously work better for cars, but it's not a huge leap from the sub-C cell used in power tools to a larger cell for EVs. Battery cell production is a mature commoditized business. Battery *pack* production for EVs is still low-volume and specialized. Don't hold your breathe for better, cheaper batteries, though.
And poorly-maintained propane tanks can't explode?
8 year old cars generally do require a few major repairs and have many parts replaced for maintenance/wear and tear.
I'd say the billions of portable electronics around the world drive a lot of demand for battery technology, but we've only made incremental improvements since switching from NiMH to lithium. If we assume that 80 mi range is "good enough" for a city car, then the current lithium batteries with incremental improvements in cost and packaging could be good enough too. It all depends on your expectations. A 250 mi range will take a large, expensive battery pack.
Umm, it's not exactly hard to find news on this.
http://www.dslreports.com/shownews/ATTs-5GB-Wireless-Broadband-Mystery-Cap-92746
http://www.phonenews.com/verizon-wireless-limits-its-unlimited-broadband-access-data-plans-2840/
http://www.betanews.com/article/Sprint-says-5-GB-per-month-should-be-enough-for-most/1211916952