One side effect of the rapid depletion of natural gas is that the helium deposits
that are commingled with the gas are also being depleted.
--
Michael Perelman
Economics Department
California State University
[EMAIL PROTECTED]
Chico, CA 95929
530-898-5321
fax 530-898-5901
Helium is a really serious issue which lightminded respondents don't get. A
few years back I was at the Druzhba pipeline-head in Orenburg, southern
Urals, where an amazing quantity of helium was vented into the air as an
unusable byproduct of natgas, much to the embarrassment of the Russian
On Wed, 27 Jun 2001, Doug Henwood wrote:
Why compare the price oil to other commodities? There's probably a
high degree of correlation among commodity prices, based on the stage
of the business cycle and inflationary expectations. Let's be
Keynesian in spirit and use the wage unit as our
Gee Mark, I thought it was the sentiment of Robert Brenner perhaps?
Doesn't he say that gold is god in addition to class struggle is not
important? Steve
On Wed, 27 Jun 2001, Mark Jones wrote:
Doug Henwood wrote:
Oh yes, it's much more sensible to give ourselves over the growth in
the
David Shemano wrote:
Mark Jones and Yoshie Furuhashi ask why Nixon severed the link to gold in
1971. See the attached link entitled Why Nixon Left Gold:
http://www.polyconomics.com/searchbase/01-08-99.html. I make no claim to
being an expert in the specifics. I am certainly not going to
At 10:38 AM 6/28/01 -0400, you wrote:
David Shemano wrote:
Mark Jones and Yoshie Furuhashi ask why Nixon severed the link to gold in
1971. See the attached link entitled Why Nixon Left Gold:
http://www.polyconomics.com/searchbase/01-08-99.html. I make no claim to
being an expert in the
We have to be careful to distinguish short run from long run phenomena
here. Prices are not a good indication of scarcity. In my Natural
Instability book, I discussed the prices of passenger pigeons, which
stayed low while the bird became extinct.
Oil prices might be different if the
Michael Perelman wrote:
We have to be careful to distinguish short run from long run phenomena
here. Prices are not a good indication of scarcity.
No they're not, though Mark seemed to be treating them as such. The
gyrations in oil prices over the last 30 years, from $10 to $40 a
barrel,
Doug Henwood
What happened? Has Armageddon been rescheduled?
Nah, it's just a short-term fluctuation.
So Krugman counts as an energy expert for you?
Mark Jones
Doug Henwood wrote:
-
We have to be careful to distinguish short run from long run phenomena
here. Prices are not a good indication of scarcity.
No they're not, though Mark seemed to be treating them as such. The
gyrations in oil prices over the last 30 years, from $10 to
David Shemano wrote:
You have to figure in the constant monetary inflation/deflation experienced
since Nixon severed the dollar's link to gold. I'll bet that if you
compared the price of oil over the past thirty to other commodities, you
would find that the price of oil has not changed much
Doug Henwood wrote:
---
Why compare the price oil to other commodities? There's probably a
high degree of correlation among commodity prices, based on the stage
of the business cycle and inflationary expectations. Let's be
Keynesian in spirit and use the wage unit as our
Mark Jones wrote:
Doug Henwood wrote:
You have to figure in the constant monetary inflation/deflation
experienced
since Nixon severed the dollar's link to gold. I'll bet that if you
compared the price of oil over the past thirty to other commodities,
I didn't write that. David
Mark Jones wrote:
You may have captured the MO but what about the motive? Is the Fed like a
Chinese emperor or a keynesian economist, sitting in a high place divorced
from reality and making decisions about money supply without any material
motivation or reason? Why did the Fed
David Shemano wrote:
Why does any government inflate the money supply? Debasing the currency is
a favorite hobby for governments going back to the Romans and beyond. Why
would the good old USA be any different? Once Nixon severed the link to
gold in 1971, the money supply was at the complete
David writes:
Mark Jones wrote:
You may have captured the MO but what about the motive? Is the Fed like a
Chinese emperor or a keynesian economist, sitting in a high place divorced
from reality and making decisions about money supply without any material
motivation or reason?
At 07:38 PM 06/27/2001 -0400, you wrote:
Why does any government inflate the money supply? Debasing the currency is
a favorite hobby for governments going back to the Romans and beyond.
That doesn't explain the timing of the decision.
it also doesn't recognize that it's not _the government_
David Shemano wrote:
Why does any government inflate the money supply? Debasing the
currency is
a favorite hobby for governments going back to the Romans and
beyond. Why
would the good old USA be any different? Once Nixon severed the
link to
gold in 1971, the money supply was at
Mark Jones and Yoshie Furuhashi ask why Nixon severed the link to gold in
1971. See the attached link entitled Why Nixon Left Gold:
http://www.polyconomics.com/searchbase/01-08-99.html. I make no claim to
being an expert in the specifics. I am certainly not going to psychoanalyze
Richard
David Shemano sometimes says interesting and provocative things. But I'm
sticking with William Jennings Bryan.
Gene Coyle
David Shemano wrote:
Mark Jones wrote:
You may have captured the MO but what about the motive? Is the Fed like a
Chinese emperor or a keynesian
Why does any government inflate the money supply? Debasing the currency is a favorite
hobby for governments going back to the Romans and beyond. Why would the good old USA
be any different? Once Nixon severed the link to gold in 1971, the money supply was
at the complete mercy of the
Doug Henwood wrote:
Doug Henwood wrote:
You have to figure in the constant monetary inflation/deflation
experienced
since Nixon severed the dollar's link to gold. I'll bet that if you
compared the price of oil over the past thirty to other commodities,
I didn't write that.
Our resident enviro economist Jim Barrett says it is supply
problems in the U.S. -- failure to maintain refinery and pipeline
capacity. The regulatory component is about five cents to the
gallon.
Certainly, but haven't gas prices risen in Europe as well?
And haven't world crude prices
Our resident enviro economist Jim Barrett says it is supply
problems in the U.S. -- failure to maintain refinery and pipeline
capacity. The regulatory component is about five cents to the
gallon.
mbs
A former student who is now in Congress wants me to tell him why gas
prices are high. Do you
At 12:38 AM 9/15/00 -0400, you wrote:
In a message dated 9/15/00 12:17:43 AM Eastern Daylight Time,
[EMAIL PROTECTED] writes:
why gas
prices are high. Do you have any inputs that I should pass on?
Isn't the FTC looking into possible antritrust violations? Tell him to ask
over there. --jks
I doubt this would reveal much. In my experience, the role of
oligopoly or
monopoly in gas prices mostly causes asymmetry: gas prices rise
quickly in
step with oil prices, while they fall slowly following oil prices
down. The
high gas prices have to do with high oil prices
Better land use planning would be more effective. As a place, such as Chico,
sprawls out, public transportation becomes virtually useless.
Lisa Ian Murray wrote:
What duration and combination of high oil prices and low interest rates
would induce a significant level of investment to get rid
In a message dated 9/15/00 12:17:43 AM Eastern Daylight Time,
[EMAIL PROTECTED] writes:
why gas
prices are high. Do you have any inputs that I should pass on?
Isn't the FTC looking into possible antritrust violations? Tell him to ask
over there. --jks
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