John d
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Porkpie. Oil is trading within a narrow range, this due to the cost of production against the price the consumer is able to pay. Considering the demand for fuel, for it’s price to drop below the lower bound, would indicate to me that the ability of the consumer ‘to afford’ would be falling ( for housing as well as fuel). Moving oil price towards the upper bound would indicate an improving economy and your increase in housing prices. Moving price beyond either upper or lower bounds of the price range one enters the land of economic instability. Within the bounds those price changes could be subject to other forces and could move independently. Incidentally as oil becomes a more and more depleted resource, those boundaries will come closer and closer together until at some time they will meet and that is when all the shit becomes unstable due to the ‘hitting the fan’ effect. I doubt we will reach that point as in all likelihood a black swan or some malicious white one will take all down before then.
Ho Ho ilargi fracture me with another one. Replacing what is left of old fashioned $20 oil with frac oil is like feeding all new low caloric plastic cheese to a rat while replacing it’s high energy Camembert feed. Plays merry hell in a constipated rat’s ass.
Jal,
Can it be that a rose’s constancy is only it’s name?
Perhaps one might say: ‘A rose is a rose no matter the perspective’?
Briefly on Feudalism, that was a system that involved the king, his nobles and how land and political authority was delegated. The system which the ‘peasant’ lived under could be termed Manorism and for the most part was not part of the Feudal system other than obligations to the lord of the manor who was part of the Feudal system. A third party, or system was the Church which also had land and it’s peasants to service it. It as well had the tithe or a tenth of the productive wealth. Mix those well and you have what might be called ‘Medievalism’.
In a way and under the constraints of available energy the peasant was to a degree better off than what we will be looking forward to. Corporations and financial corporations in particular, are taxing us modern peasants through the mechanism of financially designed austerity, a transfer of public goods to private hands and keeping them in those hands. Nothing back to you Jocko, my peasant pal, not even a Te Deum to break the tedium.
Distribution of wealth, under capitalism, results in production of many unproductive goods and services, and while it might be looked on by some as a type of accounting system,to track work done by individuals, it no longer, if ever, has been a fair and equitable one.
Skewed and screwed, I think we should be able to come up with something better than that.
Looks like the current Woodstock is here:
Buses reported to be on their way, wish I was closer and younger. lol
