STUFF

'95 to '04 global oil spent $2.4T on capital expenditures and gained 12.3mbpd in production, rising to ~85mbpd. But '05 to '10 another $2.4T spent and production fell .05%.

Germany shutting down 7 of their oldest reactors temporarily. That's one bunch of electricity. How are they replacing it?

PWER began shipping inverter products from the China plant. 1GW cap by year end. PWER up last few days.

AMSC acquisition of The Switch (Finn) ($265M) pulls them down short term but Switch makes perm mag generators (eliminating gear boxes). 10% efficiency gains. And for offshore no rust. AMSC goal $1B revs by '14. Calling '11 a "transition year".

Remembering net household worth from stuff a couple days ago. Add in $14T national debt to household debt and it takes avg household debt to $31T. But that's still >$20T less than assets. So, on AVERAGE, we're still in the black. And then maybe we need to assess the assets of the United States. Maybe $14T debt isn't all that bad. O, yea, it is.

Dept of Interior approved the 2nd deepwater permit in the Gulf of Mexico to BHB Billiton. To resume their drilling. Both they and Noble to use Helix Well Containment Group tech to contain the oil in case of a spill. Yea. Good luck with that.

Congressional Research Service suggests USA has world's largest recoverable resources of oil, NG, coal. Really. I gotta read up on that report.

Egypt's resumption of NG deliveries to Israel delayed. Possibly because Israel intercepted Iran's shipment of arms to Gaza?

AB InBev on track for water usage to lead world for brewing. 30% redux from '07.

FED: Econ recovery on "firmer footing". How many feet are they counting?

Greenspan: "Regs slowing growth." Sorry, but should we really listen to Mister Bubblecrash?

Me: "Taxes". Fix them. Simplify them. Make them make common and economic sense.