Dow and S&P 500 close at record highs. Nasdaq surges 1.8% on tech stock recovery

[digimon7068]

Just from reading a few articles this is certainly the case, however they're saying this will be short lived. I'm not saying this, I'm just repeating what others have written in some major financial and economic media outlets. Even conservative sources seem to be admitting that this will plateau by 2020 and by 2030 the middle east will once again be the top dog. So while this may be nice for a little while, would hardly seem like a paradigm shifter right?

are we talking about oil? because we are number one (in production) again right now and yes...that phenomena will be very short-lived (based on my understanding from what i've read and discussed with the experts that i have contact with).

but, gas? fuck...every time a new eia report is issued, the estimated reserves increase significantly. is there a finite end? absolutely...but no one is willing to make a bold prediction on how far out that end is.

 

[digimon7068]

hell, coal is public enemy number one...and for a brief period beginning in august 2012 and ending sometime in 2013, gas-fired electric generation plants surpassed coal-fired plants in production but, by mid-2013 coal took back the top spot and the eia projections through 2040 show it holding that top spot throughout. however, gas has already taken a large market share (of electric generation) and will continue to whittle away at that share, particularly domestically (where coal is being encumbered with more and more regulations on pollution and safety).

 

[-SD-]

Mumo

mumo

mumo

 

[mrplunkey]

hell, coal is public enemy number one...and for a brief period beginning in august 2012 and ending sometime in 2013, gas-fired electric generation plants surpassed coal-fired plants in production but, by mid-2013 coal took back the top spot and the eia projections through 2040 show it holding that top spot throughout. however, gas has already taken a large market share (of electric generation) and will continue to whittle away at that share, particularly domestically (where coal is being encumbered with more and more regulations on pollution and safety).

That coal is coming out of the ground regardless of who uses it.

I love the irony in forcing US electrical plants to pass-over domestic coal just so it can be shipped to China and burned far less efficiently with greater environmental damage.

Good plan, Barry!


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[mrplunkey]

Mumo

mumo

mumo

Titcr

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[PICK3]

Mumo

mumo

mumo

In

 

[redsamurai]

are we talking about oil? because we are number one (in production) again right now and yes...that phenomena will be very short-lived (based on my understanding from what i've read and discussed with the experts that i have contact with).

but, gas? fuck...every time a new eia report is issued, the estimated reserves increase significantly. is there a finite end? absolutely...but no one is willing to make a bold prediction on how far out that end is.

well, the articles I posted were talking about shale gas as well as oil.

 

[-SD-]

Can i earth oil rape?
Can i rape earth?

 

[digimon7068]

That coal is coming out of the ground regardless of who uses it.

I love the irony in forcing US electrical plants to pass-over domestic coal just so it can be shipped to China and burned far less efficiently with greater environmental damage.

Good plan, Barry!


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that's exactly what's happening too...china and india are taking every last lump that they can get their hands on and burning it in scrubber-free power plants.

 

[mrplunkey]

that's exactly what's happening too...china and india are taking every last lump that they can get their hands on and burning it in scrubber-free power plants.

Isn't it funny that a true environmentalist should want us to get that coal out of the ground ASAP and burn it in the closest, modern power generation plant?

It makes you wonder what their real agenda is, when they ignore obvious solutions like that.