that would be hilarious, but also fitting considering where the rec came from. The govt has a real talent for getting it wrong.

@I-man,

I’ll go out on a limb and say all the big banks are going to have some great “earnings” this quarter. Hard to say though what that leads to in the market. Lots of pressure right now to the downside. I wouldn’t be surprised to see a bounce early this week to the 900-905 area.

Goldman Sachs Likely to Post Huge Profits, Analysts Say

Wouldn’t it be hilarious if Stevie Chu’s recommendation…

http://blogs.wsj.com/environmentalcapital/2009/05/27/steven-chu-white-roofs-to-fight-global-warming/

tossed us into the next ICE AGE…

http://www.elliottwave.com/freeupdates/archives/2009/07/07/Climate-Change-Debate-Why-So-Many-Skeptics.aspx

I tend to be in your camp with respect to the Global Warming ballyhoo…

On things like this, I like to take a VERY BROAD perspective…I mean, when you have half the scientists on the planet saying one thing, and half saying another (all funded by research grants), what kind of argument can I (or anyone make), that doesn’t have crunched numbers and data points behind it…

So when that happens, I revert to common sense…It seems that in the multi billion year history of Earth, the planet has endured very long periods of ICE AGES, and other climate phenomenon (oftentimes when there were NO PEOPLE)…Who knows why? Sunspot activity? deforestation? volcanic activity? gravitational factors? magnetic field reversals? whatever…

Let’s put it this way…Probabaly one big Krakatoa type eruption would put us right back on a decent glide path without spending a dime!

FWIW – I have gone totally “off grid” with respect to energy consumption, but it has NOTHING TO DO with my fears of global warming…Instead, MY FEAR, is that this ‘inconvenient truth’ propaganda is going to result in higher energy costs (and possibly shortages, embargos, & brownouts) going forward…Besides, our electricity grid is crumbling…

So I just want to assure myself of a steady supply in case of emergency…I’m not going to let these FOOLS change my lifestyle & habits based on one Presidential LOSERS personal pet project…

to your Q — “Anything else worthwhile I should see?”

“Former Vice-President Al Gore came to Washington on July 17, 2008, to deliver yet another speech warning of the “climate crisis.”

“The leading experts predict that we have less than 10 years to make dramatic changes in our global warming pollution lest we lose our ability to ever recover from this environmental crisis,” Gore stated. But the former Vice President, who has been warning of a 10-year “tipping point” for several years now, appears to be unaware that the United Nations already started the 10-year countdown — in 1989!

According to July 5, 1989, article in the Miami Herald, the then-director of the New York office of the United Nations Environment Program (UNEP), Noel Brown, warned of a “10-year window of opportunity to solve” global warming. According to the 1989 article, “A senior U.N. environmental official says entire nations could be wiped off the face of the Earth by rising sea levels if the global warming trend is not reversed by the year 2000. Coastal flooding and crop failures would create an exodus of ‘eco-refugees,’ threatening political chaos.” (LINK) & (LINK)

While Gore repeats his standard stump speech promoting man-made climate fears, much of the international science community is now openly dissenting from human caused global warming fears.

Below is a very small sampling of very inconvenient developments for Gore, the United Nations, and the mainstream media. Peer-reviewed studies, analyses, and prominent scientists continue to speak out to refute climate fears. The majority of data presented below is from just the past month or two. …”
http://epw.senate.gov/public/index.cfm?FuseAction=Minority.Blogs&ContentRecord_id=37AE6E96-802A-23AD-4C8A-EDF6D8150789

http://www.sacbee.com/forums/?plckForumPage=ForumDiscussion&plckDiscussionId=Cat%3a6e168eed-7546-4026-846b-984ee7d8ffa8Forum%3a423c9c45-6317-4a4b-9226-9942f9e73a11Discussion%3ae4863b77-b626-4aa8-8ce8-85acf3eed44c&plckCurrentPage=0

Because cheap energy tends to make a richer middle and lower class. That gives them more free time to think, study and talk with each other. When they do that they stop recreating as was said above and start looking at the way things are. Then pitchforks and torches automatically start selling out because ‘what is going on’ is so self evident that even an American Idol viewer can add it up with a little free time to think above and beyond taking care of the kids.

It was good to see Johnny Depp in a role where he wasn’t wearing mascara. Christian Bale, Billy Crudup, and the guy who played Baby Face Nelson stole the show though. And I think even the Libertarians would agree they needed a little gun control in that movie.

I kid you not ;)

@ alfred e – I have been paying more attention to the oil speculation debate thanks to you and I still do not think it is conclusive. However, I do have more appreciation of the importance to people of that issue. As for the ‘environmentalism’ of which Hoffer accuses me, my big issues are mountaintop removal mining and nuclear waste disposal, not climate change. I am neither a believer nor a denier. However, unlike Hoffer, I do believe we are at risk of a shortfall in conventional oil. Hoffer talks a lot about natural gas and the oil at Prudhoe, but neither of those will help much if a liquids crunch hits us in the next 1 – 10 years. Thankfully, we will probably be too preoccupied with a 10-year-plus recession to notice.