Thursday Open Thread

“We are drowning in information but starved for knowledge.”

–John Naisbitt

21 Community Comments, Facebook Comments

  1. davebarnes says:

    October 21, 1921 – President Warren G. Harding delivers the first speech by a sitting U.S. president against lynching in the deep South.

  2. JohnInDenver says:

    Interesting study mentioned on Daily Kos from a source I've not read before:  Byline Times: Oil System Collapsing so Fast It May Derail Renewables

    By 2050, fully half of the energy extracted from global oil reserves will need to be put back into new extraction to keep producing oil. The authors have an interesting name for this self-defeating phenomenon: they call it, “energy cannibalism.”

    Using a measure of how much energy is used to produce and delivery energy is interesting — avoids the ambiguity of "dollars per barrel" or other economic / political measures.

    • MattC says:

      Wait a minute… in a free market "price" is the conveyor of all relevant information.

      Are you saying that the oil market is not a free market? 
      Or are you saying that subsidies and other factors distort the information available from price?

      You may or may not be aware, but I think you are now a socialist. Or godless commie – you choose.

      • JohnInDenver says:

        Between an extensive cartel able to influence supply and governments' taxing authority (and other decisions) to influence demand, I've not considered oil to be a free market commodity since I first debated the topic in the 1970s. 

        And I don't want to nationalize (or internationalize) the industry, which would be a logical first step for a classic socialist or historical "godless commie."  Given a magic policy wand able to make things happen, it would be great if governments could tax the industry into near bankruptcy AND stop granting exploration and drilling on government or internationally owned land. I think that would make me an odd anti-socialist, anti-capitalist — closest analogy I can think of is a civic religion Prohibitionist. 

  3. Mr. L. Prosser says:

    According to the Colorado Sun the Colorado Supreme Court will not hear Mesa County Clerk's appeal of ruling barring her from role in 2021 elections. She could appeal to the federal court but time is short for any kind of response. 

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