Muddling Towards the Cliff
The possible economic consequences of Hurricane Katrina that hit Louisanna and Mississippi last week are still unknown.
Some are claiming the reconstruction could cost $100B, which certainly is a economic "bargain" compared to the quadmire of Iraq. Only about $1000/household in America, and we'll put on credit anyway, so no biggie.
The damage to the gulf oil and natural gas production, and oil refineries might be another story, as well halted/reduced shipping through the Mississippi river. I wonder if the $100B counts reimbursment to businesses who lose money because of the destruction?
Seeing events progress and seeming between scary-doomsday and "just a BIG cleanup", it is hard to imagine the future. Times of crisis are times of hard decisions. Financial discipline, and directing energy and focus to problems that need addressing now.
It is amazing President Bush actually suggested people conserve their driving, not "top off their tanks", and such.
Overall, it seems likely to me that we may yet be in a collective denial over the seriousness of our situation. Only time will tell.
When do shortages and projected shortages become "serious" enough to demand drastic action?
How many "crises" will we have to face before we decide to "get serious" about our oil dependency and the shakiness of that support system?
My idea of "denial" considers that things will get worse before they get better, and individuals ought to get a clue and do whatever they can for their own financial stability. I've said that for months of course.
Yes, it's good we have "Strategic oil reserves" to tap, but even if we manage to muddle our way again through this disaster, it's like walking in a hail storm without a hat - the big one is coming, and there's no more room for business as usual.
I suppose it is just ambitious for me to suggest that we are capable of conserving oil NOW, and that the government ought to be leading the way.
Democracy requires 51% to feel pain for it to be acknowledged as real, so we have to keep waiting.
It's a good show at least. Never boring. Much more fun to fight impossible battles against nature than impossible battles against terrorists at least.
"The War against Nature" - Can we declare this? I mean formally? Who can we bomb to win that one?
Some are claiming the reconstruction could cost $100B, which certainly is a economic "bargain" compared to the quadmire of Iraq. Only about $1000/household in America, and we'll put on credit anyway, so no biggie.
The damage to the gulf oil and natural gas production, and oil refineries might be another story, as well halted/reduced shipping through the Mississippi river. I wonder if the $100B counts reimbursment to businesses who lose money because of the destruction?
Seeing events progress and seeming between scary-doomsday and "just a BIG cleanup", it is hard to imagine the future. Times of crisis are times of hard decisions. Financial discipline, and directing energy and focus to problems that need addressing now.
It is amazing President Bush actually suggested people conserve their driving, not "top off their tanks", and such.
Overall, it seems likely to me that we may yet be in a collective denial over the seriousness of our situation. Only time will tell.
When do shortages and projected shortages become "serious" enough to demand drastic action?
How many "crises" will we have to face before we decide to "get serious" about our oil dependency and the shakiness of that support system?
My idea of "denial" considers that things will get worse before they get better, and individuals ought to get a clue and do whatever they can for their own financial stability. I've said that for months of course.
Yes, it's good we have "Strategic oil reserves" to tap, but even if we manage to muddle our way again through this disaster, it's like walking in a hail storm without a hat - the big one is coming, and there's no more room for business as usual.
I suppose it is just ambitious for me to suggest that we are capable of conserving oil NOW, and that the government ought to be leading the way.
Democracy requires 51% to feel pain for it to be acknowledged as real, so we have to keep waiting.
It's a good show at least. Never boring. Much more fun to fight impossible battles against nature than impossible battles against terrorists at least.
"The War against Nature" - Can we declare this? I mean formally? Who can we bomb to win that one?
posted by Ares Olympus at 2:44 PM
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