Global oil demand will collapse next year and commodities will not return to the highs they reached this summer in the foreseeable future, two authoritative reports said on Tuesday as they forecast a long and painful worldwide recession.
The stark conclusions came as the World Bank’s chief economist predicted that the world faced “the worst recession since the Great Depression”. […]
Meanwhile, the World Bank’s Global Economic Prospects report said the commodities boom of the past five years – which drove up prices 130 per cent – had “come to an end”.
The World Bank’s analysis of the commodities boom contrasts with the prevalent view among natural resources companies – and most Wall Street analysts – that the ongoing price drop is a correction within an upward trend.
Although it ruled out a return to the torrid high prices of this summer, it said commodities prices would not fall back to the depressed levels of the 1990s.
Oil would return to about $75 a barrel within the next three years, it said, while food would trade 60 per cent higher than in 2003, but about half below this year’s record.
Tagenergy
Remember the arrogance of that Obama turnaround on FISA? Well, the answer is, under the current Daily Kos construction, we have no where else to turn. What else can we do? “Where else can you dirty fucking internet beatnik hippies go? Just give me some more money and shut the fuck up,” Obama might as well have said. He’ll probably say something like that a lot during the next four years. Obama will probably do things that any sensible person would never equate with real “change”.
Here are the Markos rules as far as I can figure them out: We support the democrats no matter what they do. We don’t support Republicans, which I think is smart because they’re an evil party (there shouldn’t be a party that represents private interests against the greater good at every fucking turn)but we also don’t support third party candidates who would better represent us. Further, we won’t expend any energy into building viable third party candidates and/or well funded well organized third party runs. Now, to me, those last two facts, the reality that we don’t support third party candidates or will work to build a viable third party infrastructure, doom us to irrelevance. This is why we lose. I might stress that this is also why we will continue to lose. They simply don’t fear us. Finally, this Markos construction is a boon to the Republicans. I can very easily see a scenario where the republicans stop all meaningful reform/stimulus over the next two years, declare all dem efforts “fails” and make big gains in 2010.
Three: What is a viable third party run?You don’t need a 50 state plan, at least initially, to prove our point to the democrats. You really need to focus on what I’ve been calling my 5/25 plan. You need to fund 25 house races and 5 senate races. You need at least 1 million dollars to compete for a house seat and at least 2 million to compete, realistically and viably for a senate seat. Now, this is where the expertise of the Kos community could come in handy. What 25 house seats would you pick to make your point? I frankly think they should run “Lieberman” style. Run them in the primary first and even if they lose run them in the general. We already have two senate opportunities in Delaware and Illinois for 2010. Tom Morello has openly talked about dipping his toe into the political waters in Illinois. I actually wouldn’t mind Ralph Nader as a Delaware senator because I think he would use the fillibuster. The truth of the matter is that five senators that use the old fashioned Jimmy Stewart fillibuster could change congress. Just once, I’d like to see a senator as supportive of child healthcare as they are for wall street bailouts. I’d love to see a senator talk about that over a several day fillibuster as well. (You would need a stubborn asshole to do that…Nader looks right to me…)
According to Einstein’s special theory of relativity, surpassing the speed of light, approximately 300,000km/second, is impossible because it would take an infinite amount of energy to accelerate an object past that speed. However, two German scientists claim to have surpassed this limit by use of a phenomenon known as “quantum tunneling.”
The scientists – whose claims have yet to be verified by the scientific community at large – performed an experiment where microwave photons appear to travel almost instantaneously between two prisms in a “tunnel” where instant travel – and an apparent violation of the laws of special relativity – took place.
Full story at ZDNet.
I found this interesting, especially since I just rediscovered my copy of T.A.Z., by Hakim Bey. I think we often neglect to remember that it only takes a wee bit of energy to make a significant change in the so-called Black Iron Prison around us. Is it really that hard?
Sometimes, a hug is all what we need. Free hugs is a real life controversial story of Juan Mann, A man whos sole mission was to reach out and hug a stranger to brighten up their lives.
In this age of social disconnectivity and lack of human contact, the effects of the Free Hugs campaign became phenomenal.
As this symbol of human hope spread accross the city, police and officials ordered the Free Hugs campaign BANNED. What we then witness is the true spirit of humanity come together in what can only be described as awe inspiring.
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