Media Dinosaurs blather about their irrelevance

I learned NOTHING from this clip.

cheap oil forever

Seriously, thats what is reported in an article at CNN Money.

"The world will never run out of oil"... Deutsche Bank analysts

They say efficiencies are increasing and that oil will average $65 a barrel in 2010.

2010 will definitely be an interesting year to see how all the various analyss play out regarding housing prices (40% drop), unemployment (11% or 13%) and oil (spiking or stable).

Feel lucky. Well do you punk?

The Recovery in Zero Sum terms

The idea is simple: 70% of the U.S. economy is consumer spending.

The question is: On what will the consumer spend that money?

Gasoline to power our vehicles is one big expense. It is said that oil moving beyond 100 dollars per barrel can hamper recovery. Some say $80 per barrel is a danger sign, and that we were able to absorb the earlier (pre collapse) increase by using home equity like a bank account.

So with home equity annihilated, that gives us less of a margin.

$80 a barrel is that threshold according to Steven Kopits, managing director at energy market forecaster Douglas-Westwood in New York.

As of right now (November, Wednesday 18 2009 - 11:27:23) , oil is.....


tick friggin tock.

the medium is the message

newspaper and magazine layoffs every other day, CNN following Tweets and blogs, John Stewart mocking CNN's "we'll have to leave it right there" half-assed non-journalism...

and now gawker.com scoops everybody on the balloon boy hoax revelation.

The medium is the internet. The message is "print is slow, television is irrelevant"