Soxbadger

Im just citing the facts. Currently coal is cheaper per kwh. Which is why I said "arguably". I understand the benefits of oil, otherwise I would have said "Coal is cheaper than oil".

Never said anything about weights. Just that per KWH coal is cheaper, which was the question right? You said cheap abundant energy and its just not true that the US doesnt have access to it. Everyone knows the reason why oil supplanted coal is because you cant hook up a coal tank to your car.

Youd have to show me some facts, because everything I can find (from scientists as im not one) suggests coal is cheaper: http://greenecon.net/understanding-the-cos..._economics.html The reason I said arguably is im not sure, but the facts I can find, suggest coal is cheaper.

Thankfully we are in the 21st century. Its like saying that "Increased economic growth was dependent on access to bronze" until it turned to iron, until it turned to steel, until it turned to coal, until it turned to rubber, until it turned to oil. And Im not even sure that your statement is true, Coal is arguably still the cheapest source of energy and Im pretty sure the US has something like 20% of the worlds coal.

Right because it was a simple statement unless it gets taken to the absurd. The US wont lose access to all oil overnight, so if over time (years) the US was to see a reduction of oil to eventually 0 they would have 2 possibilities: 1) increase US production and 2) use alternative methods. This really all stems from a post where I said the US has access to resources, which still stands true. Just because the US doesnt have unlimited access to oil does not change the fact that the US has access to more resources than most countries. I just dont see what youre arguing here, is it that the US economy is less stable than European economies? Where are you going with this?

its only nonsense if you act like the US would one day wake up and have 0 access to oil. There would clearly be indicators which would allow the US time to get things online and increase production. And unless you can show me otherwise, I have found no information to suggest the UK is in a better position than the US. Contrary Ive found articles that basically say since 2005 the UK has been on a very quick decline, with most of them citing 2021 as a date where UK will be down 75% of its total reserves. http://webarchive.nationalarchives.gov.uk/...s/file43846.pdf

I dont think I ever said otherwise. Just merely the US has oil and if a worst case scenario happened (Us looses access to all foreign oil) the US, unlike UK, France or many other AAA nations, actually has oil within its borders and could access it if necessary. Once again why the US is a far more stable economy.

Do you disagree that the US has untapped oil reserves?

At one time rubber, coal, etc were the most important resource in the world. Petroleum has had its day in the sun, but nothing lasts forever. The reason the US is still dependent on oil is because you can buy oil cheaper than you can make other options. As soon as the economic incentives turn the other way, youll see electric cars, etc. In terms of resources you have China/USA (maybe Canada/Russia), just isnt an overwhelming concern, because in reality the US has a lot more oil in its borders, we just have decided not to use it.

Unless the US has a bunch of European money (not to my knowledge) a European fiasco would (imo) result in foreign entities putting money in the US markets because they would presumably be far safer. As for the general economy, thats just razzmatazz (and damn thats actually a real word). As long as the US has a general population growth, does not have scarcity of land/materials, the economy is going to grow. There may be down times, there may be recessions, but there would have to be a significant change in the dynamics of the world for the US to just drop off the face of the earth.

Of course not, none of this makes any sense. Which is why Im much more favorable towards buying than selling. I just dont think that S&P's downgrade was more of a political statement than a true economic statement. You just cant convince me that the US (who to the best of knowledge has never defaulted on any debt payment) is all of a sudden a bigger credit risk. Especially when you consider other nations that stayed as AAA (and considering Buffett said that US should be AAAA http://www.novinite.com/view_news.php?id=130921)

I agree with Stevotown, I basically forgot that Cutler got injured, because injuries are not something that I really dwell on. Bottom line is Cutler got a real X receiver this year and well see what happens. Knox size was just to much of a detriment for the position that he played. Im pretty sure there is a silly stat about how many of Cutler's picks were thrown to Knox. Just not physical enough.

Rios can bunt, Im just pretty sure Ozzie thought that the best chance to score a run was Rios hitting. And I agree with that.

Probably because for the last week Rios has been the most explosive hitter on the Sox.

So should be looking at some selling in the coming hours. (That is if traders love their graphs, candle sticks and all that as much as they used to)

I think Jurgen is going to need a few months to really figure out what guys need to be on the squad, I just think he brings a confidence to the team because hes been a top player.

They started slow and Mexico controlled. But as the game progressed US really took over. Refs may have missed 1-2 pk's for the US, as well as a clear red card on a break away, although that was the 82nd minute so not as important. Its obviously just 1 game, but I think he brings a different passion/approach than other US coaches and he just seems to have a magnetism that can compel players to improve.

Having Jurgen as coach really has changed my entire outlook on the US team. I just actually have confidence that we have a coach who knows what talent is and understands the game.

I actually asked a few friends in England why is it on fire, Im waiting for their response.

My dvr automatically taped Top Shot so glad to hear it was actually a new episode and not just tivo deciding that its going Cylon on me.

Guess my post got lost in the internets. Im pretty sure they are planning this, but Id like to see a sequel to District 9.

Anyone have some cheaper stocks (less than $20 per share) they have ideas about? Im thinking over the next week or so their may be some value in buying.

Should have mentioned V if I didnt. Also I completely forgot about Undeclared. The only reason I remember the show was that a few of the plot lines actually happened with my friends and I while we were at college. The most memorable being that our friends (they were girls) needed help finishing a keg and we put it in pots and pans in our refrigerator. Part of the reason I didnt really follow the show was I was basically living that life.

Ha hilarious I just saw Black Swan the other night and was pretty disappointed.

Im thinking that you will see the DJIA dance around 10-11k for the next few days at least because it looks like every time there is good value people are buying, but then people are getting out as it creeps up because no one wants to buy the high. Itll be interesting to see what happens tomorrow, but based on the graphs youd imagine that there would be a rally, then a sell off and maybe end with a rally.