Dow going pow today! Down below -600

The "market" can only thrive within its ability to make CHEAP AFFORDABLE energy readily available to citizens. That is going away. This is an "adjustment". The meat isn't scarce. The lumber isn't scarce. The liquid fuel to run the farms and the trucks is. Well...liquid fuel isn't "scarce" per se. It has become too expensive to extract and bring to market for most people to afford. In a capitalistic monetary based economy built and run on liquid fuels, that just doesn't work.

So the idea is that the "liquid fuel" club needs to get smaller and smaller (which is bad for WallSt), so only people who can afford to pay will get the "stuff". The meat. The lumber. The transportation. The healthcare. The technology. All the energy intensive services and activities we've become accustomed to are about to become a luxury only the super wealthy have access to.

It has to do with energy. Primarily the cost (energy and monetary) of extraction. The oil based civilization is winding down. Rich folks want that lumber for their kids to be able to buy. So they're increasing the price of lumber (and anything else of value) to ensure their kids can have the fossil fuel lifestyle. But in order to do that, they have to price a segment of the population out of the market. So the product remains, it's just too expensive for most people to afford.

It costs more to find, extract, and bring to market hydrocarbon fuel than they can ask people to pay without wrecking the economy. If you find the graph (there are a few good ones) of the price energy companies can afford to pay to extract the product, and the price the consumer can afford to pay for it, those lines have now crossed.

The energy companies need more money to stay in business than the average person can afford to pay for their product. Rich folks have seen this coming for years, and it looks like they've finally decided it's time to tighten up what is available (affordable) to who.

Personal transport, and air travel are on their way out for the average person. The electric initiative will fail to maintain expected living standards, and they know it. There is nothing that comes close to the energy density and convenience hydrocarbons provide. All the hype about "electrify America" is just so they can say they tried, and hopefully people will not get too riled up when they realize they no longer belong to the "single mode transport" club. Mass transit, bike, or walk for middle class very soon.

Absent a solution that I haven't seen, the "winding down" will continue. Technology is not energy. Technology REQUIRES energy. The problem is geological, and the elites know that the clock is ticking.

I've watched this coming for over 15yrs. The "shale miracle" bought us about 2 yrs. Now we're sitting back where we were around 08-09. With a lot of bankrupt shale companies and angry/broke investors. Getting back to "normal" isn't going to look at all like what people think. What we've been doing the last 150yrs or so isn't "normal". What's normal is what we are moving toward, and most people have no idea what's involved. But I suspect it will involve a lot of gardening.

electric bike

amazing insight

electric bike

green by 2pm

I hope so, but am not optimistic.

The fact that DOW was not down 1000 at opening bell with compounding negative news hitting the wires every hour should tell us something

Look at PM's. What the actual is going on there?

NOTHING makes sense

I give up trying to predict ANYTHING anymore

Because the problem is geological, and we can't "print" or "manipulate" our way out of the situation. I actually feel like that's the whole idea. A reduction of the people with their hands held out wanting someone else to subsidize their existence. I think REAL soon the theme is going to be:
Be productive, or die. If you don't hold "worth" in the community, either in the form of money, labor, skill, or knowledge, bye bye, and no one cares. We've got more important things to attend to.

sounds depressing as hell

The fact that DOW was not down 1000 at opening bell with compounding negative news hitting the wires every hour should tell us something

Look at PM's. What the actual is going on there?

NOTHING makes sense

I give up trying to predict ANYTHING anymore

Another FAIL for the carsh-tards

-150

You'll shit soon too

Because the problem is geological, and we can't "print" or "manipulate" our way out of the situation. I actually feel like that's the whole idea. A reduction of the people with their hands held out wanting someone else to subsidize their existence. I think REAL soon the theme is going to be:
Be productive, or die. If you don't hold "worth" in the community, either in the form of money, labor, skill, or knowledge, bye bye, and no one cares. We've got more important things to attend to.

Because the problem is geological, and we can't "print" or "manipulate" our way out of the situation. I actually feel like that's the whole idea. A reduction of the people with their hands held out wanting someone else to subsidize their existence. I think REAL soon the theme is going to be:
Be productive, or die. If you don't hold "worth" in the community, either in the form of money, labor, skill, or knowledge, bye bye, and no one cares. We've got more important things to attend to.

Dow down 142

NASDAQ up 3.6

Doom off

You would probably take out your own parents who brought you into this world.