Krugman Decapitated!

[MaxGrit]

Yesterdays theme was about Liberalism's attempts to make everyone a victim, claiming all sorts of dire events are imminent if they are not kept in power. And a prominent perveyer of the 'imminent disaster' thesis is Paul Krugman.


I do so enjoy it when one of the Liberal frauds gets his just deserts, and even more so when the fraud in question is this shifty-eyed pipsqueak, Krugman.


And not just because he is the personification of the Liberal plan of conquest....
...but because of the awards the rest of his clique bestows on him...unjustly.


And because of how frequently he is wrong in exactly those areas where he is getting said awards!!

Disater du jour....'run for your lives! We'll soon have no more oil!!'




1. A former editor of the Chicago Tribune "used to advise writers to try to attack so deftly that their target doesn’t know he’s been decapitated until he tries to walk away. He was speaking figuratively, which we note because of the rough-and-tumble nature of Chicago newspapering. It’s going to be something, in any event, to see Paul Krugman try to walk away from the latest sally by the Wall Street Journal.

He may stagger around for a while, but eventually he’ll topple."

2. The Wall Street Journal " dealt with him in an editorial debunking “Peak Oil.” It began by noting that it’s been “216 years since Thomas Malthus gave birth to the idea that mankind’s appetite for natural resources would outstrip nature’s capacity to supply them.

There have since been regular warnings that the world is running out of soybeans,helium,chocolate,tungsten, you name it—and that population growth has become unsustainable.

The warnings create a political or social panic for a while, only to be proved wrong.”
Peak Krugman - The New York Sun


3. Which brings us to the "peak oil" trope.... " Peak oil, an event based on M. King Hubbert's theory, is the point in time when the maximum rate of extraction of petroleum is reached, after which the rate of production is expected to enter terminal decline."
Peak oil - Wikipedia the free encyclopedia


a. " ...in December 2010 Mr. Krugman had announced that “peak oil has arrived.” ....
Mr. Krugman as saying: “What the commodity markets are telling us is that we’re living in a finite world, in which the rapid growth of emerging economies is placing pressure on limited supplies of raw materials, pushing up their prices. And America is, for the most part, just a bystander in this story.”
NYSun, Op. Cit.




4. Now....why would this Lib lead the hand-wringers in this manner?

a. " Rahm's Rule: 'Never Let a Serious Crisis Go to Waste'"
Rahm s Rule Never Let a Serious Crisis Go to Waste PERC The Property and Environment Research Center

b. It plays right into the fairy tale that only subscribing to the "Green Economy" scam will save the world!


5. And it fits nicely into the bigger picture, the motivation for Progressive worldviews:
"One spin-off of the Enlightenment was the desire to find new myths that would transcend daily existence and take one to a higher level of purification.
Proto-fascist, and founder of ecology, Ernst Haeckel, invested nature-worship with the belief that all matter was alive and possessed mental attributes. In ‘monism,’ he brought together hostility to Christianity and propaganda for Darwinism, a nature cult and theories of hygiene and selective breeding."
J.W. Burrow, “The Crisis of Reason: European Thought, 1848-1914,” p. 218-19


Liberalism, ecology, 'peak oil,'....Krugman.....all fish in the same barrel.

yep

 

[TemplarKormac]

Yeah only your MessiahRushie and his ilk can play the perpetual victim and claim dire events are imminent like the destruction of America as founded, the negation of the American Declaration of Independence and the negation of the American Constitution and the Bill of Rights, the elimination of our religion and our morality, the elimination of the normative family, the elimination of our borders and our sovereignty, the elimination of the right of anyone to own anything – the right to private property – and even the right to life itself, let alone liberty and the pursuit of happiness.
HYPOCRITE!!!!

I think ed's head just exploded.

 

[TemplarKormac]

The Washington Free Bacon and Invested Bigots Daily are hardly credible sources of anything.

Nor are you.

 

[edthecynic]

The Washington Free Bacon and Invested Bigots Daily are hardly credible sources of anything.

Nor are you.

You are projecting!

 

[TemplarKormac]

The Washington Free Bacon and Invested Bigots Daily are hardly credible sources of anything.

Nor are you.

You are projecting!

I am predicting, not projecting.

 

[Where_r_my_Keys]

Paul Krugman? THE Paul Krugman who claimed the VA is a sterling example of the efficiency of a government-run healthcare system that Barry's Unaffordable Care Act would surely emulate? Only the low info dims buy anything that lefty stooge is peddling.

Every time I've dealt with the VA, it's been a great experience. Some very dedicated people working there.

The real problem with the VA is that we created millions of new Veterans on the War That Never Ends and didn't allocate enough resources for it.

Yes... of course you did. Naturally you also have never stood in line at the DMV. A charmed and unique life is yours.

 

[edthecynic]

The Washington Free Bacon and Invested Bigots Daily are hardly credible sources of anything.

Nor are you.

You are projecting!

I am predicting, not projecting.

Except you are infinitely more psycho than psychic!

 

[NYcarbineer]

Answering only yes or no, is crude oil a non-renewable resource?

Nope.

It isn't? Where is previously non-existent crude coming from?

Can you show us empirically that there is no more oil being made anywhere on/in the earth?

Now setting aside the impossibility of finding empirical answers to either of our questions, we didn't have the Bakken discovery a decade ago.

Peak Oil was a theory that was avant-garde at the time but it was wrong.

Oil by the known nature of its creation has to be non-renewable.

Nope, sorry.

As long as earth is inhabited by carbon life forms that live and die oil will continue through the ages.

Beyond that you have no idea what has not been discovered yet, I suspect that there is plenty to go around....just as the Bakken suggests.

And the cost of getting Bakken oil out is far above that of past oil extractions, and whatever's left undiscovered will be inevitably more and more expensive, and eventually that will be gone.

To actively oppose the development of renewables is madness; there is no argument for such opposition that makes any sense.

 

[Wildman]

Krugman has been right about everything wrong with Capitalism for years.

xxxxxxxxxxxxxxxx
so says a far left commie !!

 

[Wildman]

And we elected the Magic Negro to put an end to all those wars only to find out what we've always known, that both parties do this.

ending wars is always harder than starting them.

xxxxxxxxxxxxxxxxxxxx
not really !! WWII ended pretty well and it did not take 15 or more years.., wars should be fought with the most ferocious and vicious means possible using every bit of military hardware in their inventory no holds barred..., as a last resort......, nuke'em

 

[Wildman]

Maybe we could go back to whale oil. I'm sure there's a RWnut argument that at some level whale oil is a renewable resource.

xxxxxxxxxxxxxxxx
seriously....., i believe you are on to something, i have several quarts of Sperm Whale oil left over from a purchase i made waaaaaay back when it was still a legal commodity.

 

[mikegriffith1]

Paul Krugman has been wrong so many times and caught in so many egregious blunders that it's baffling that even some liberals would still rely on him.

 

[mikegriffith1]

Krugman has been right about everything wrong with Capitalism for years.

Not on this planet. What planet do you live on again?

 

[JoeB131]

not really !! WWII ended pretty well and it did not take 15 or more years.., wars should be fought with the most ferocious and vicious means possible using every bit of military hardware in their inventory no holds barred..., as a last resort......, nuke'em

Many have argued that WWII was just an extention of WWI. So really, it took 31 years to resolve the problem.

 

[saintmichaeldefendthem]

not really !! WWII ended pretty well and it did not take 15 or more years.., wars should be fought with the most ferocious and vicious means possible using every bit of military hardware in their inventory no holds barred..., as a last resort......, nuke'em

Many have argued that WWII was just an extention of WWI. So really, it took 31 years to resolve the problem.

No, it wasn't. Nobody forced Germany to become militaristic again. In fact, at the first sign of it, we should have crushed them quickly.

 

[TakeAStepBack]

Paul Krugman? THE Paul Krugman who claimed the VA is a sterling example of the efficiency of a government-run healthcare system that Barry's Unaffordable Care Act would surely emulate? Only the low info dims buy anything that lefty stooge is peddling.

Every time I've dealt with the VA, it's been a great experience. Some very dedicated people working there.

The real problem with the VA is that we created millions of new Veterans on the War That Never Ends and didn't allocate enough resources for it.

No one cares about your personal story, Job. The overall consensus is that the VA is awful

And does anyone seriously listen to Krugman anymore?.

 

[Antares]

Nope.

It isn't? Where is previously non-existent crude coming from?

Can you show us empirically that there is no more oil being made anywhere on/in the earth?

Now setting aside the impossibility of finding empirical answers to either of our questions, we didn't have the Bakken discovery a decade ago.

Peak Oil was a theory that was avant-garde at the time but it was wrong.

Oil by the known nature of its creation has to be non-renewable.

Nope, sorry.

As long as earth is inhabited by carbon life forms that live and die oil will continue through the ages.

Beyond that you have no idea what has not been discovered yet, I suspect that there is plenty to go around....just as the Bakken suggests.

And the cost of getting Bakken oil out is far above that of past oil extractions, and whatever's left undiscovered will be inevitably more and more expensive, and eventually that will be gone.

To actively oppose the development of renewables is madness; there is no argument for such opposition that makes any sense.

As to the expense part, I agree.

I can see a roller coaster ride with the prices for decades to come.

This current drop will cause fracking to become too expensive, it will curtail it for a time.

OPEC will then begin the game anew until one of two things happen, either there will be a leveling of pricing that sits on the border of profitability just below where fracking becomes profitable and the rice will sit there, or the roller coaster effect mentioned above.

 

[Olde Europe]

...enter Krugman, stage Left.
" ...in December 2010 Mr. Krugman had announced that “peak oil has arrived.”

You've been re-bleating that line several times now. Have you ever taken the time to check the quote?

For, context matters, and your handler's removing it should raise some suspicion that they might be abusing you.

 

[PoliticalChic]

It isn't? Where is previously non-existent crude coming from?

Can you show us empirically that there is no more oil being made anywhere on/in the earth?

Now setting aside the impossibility of finding empirical answers to either of our questions, we didn't have the Bakken discovery a decade ago.

Peak Oil was a theory that was avant-garde at the time but it was wrong.

Oil by the known nature of its creation has to be non-renewable.

Nope, sorry.

As long as earth is inhabited by carbon life forms that live and die oil will continue through the ages.

Beyond that you have no idea what has not been discovered yet, I suspect that there is plenty to go around....just as the Bakken suggests.

And the cost of getting Bakken oil out is far above that of past oil extractions, and whatever's left undiscovered will be inevitably more and more expensive, and eventually that will be gone.

To actively oppose the development of renewables is madness; there is no argument for such opposition that makes any sense.

As to the expense part, I agree.

I can see a roller coaster ride with the prices for decades to come.

This current drop will cause fracking to become too expensive, it will curtail it for a time.

OPEC will then begin the game anew until one of two things happen, either there will be a leveling of pricing that sits on the border of profitability just below where fracking becomes profitable and the rice will sit there, or the roller coaster effect mentioned above.

"...too expensive..."

It is my perception that the current price of oil is due to Saudi Arabia's being fed up with the incompetent in the White House, and his failure to rein in Iran's march toward creation of a nuclear arms race in the Middle East.

By keeping production high, and forcing prices to an historic low, the Kingdom has done what Obama should have done- that is, if he actually wanted to stop Iran nuc program.


"“The fall of the oil prices is not just something ordinary and economical, this is not due to only global recession,”Rouhani said during a cabinet session on Wednesday, according to Reuters.

“The main reason for it is (a) political conspiracy by certain countries against the interest of the region and the Islamic world and it is only in the interest of some other countries,” Rouhani said.

Though Rouhani did not blame any particular country, Islamic hardliners have blamed Saudi Arabia,...."
Iran Alleges Oil Conspiracy Against Islam The Daily Caller

 

[PoliticalChic]

...enter Krugman, stage Left.
" ...in December 2010 Mr. Krugman had announced that “peak oil has arrived.”

You've been re-bleating that line several times now. Have you ever taken the time to check the quote?

For, context matters, and your handler's removing it should raise some suspicion that they might be abusing you.

Certainly I'll be happy to give you a lesson in 'context.'

"Most economists were dismissive, but by 2008, New York Times columnist Paul Krugman wrote that peak oil was “a dismal theory that keeps getting more plausible.” Two years later, he declared that “peak oil has arrived.”
Have Concerns Over Peak Oil Peaked - Collide-a-Scape


Sorry to have made you look so stupid.