Open Up Oil Reserves!

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dcsnomo

Moderator
Hoosier said:
You make some very good points to consider, what stood out to me in particular was about the boomers going from being contributors to becoming a liability. Here's a related question: When you (and others) quote that consumer spending is a certain % of the economy, what makes up the rest? Most business investment I would assume is essentially consumer-driven in the end. Is the rest infrastructure? Defense? Government research? Just wondering what else makes up the non-consumer components.

I don't know if I'd take your bet, but I would like to plan on getting a pasty at Krupps in 5 years.
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Thanks!

Here is what I found in an MPR article, slightly dated (pre-recession) but I think it answers the question

More than two-thirds of the nation's Gross Domestic Product derives from everyday stuff like dining out, buying a new shirt or visiting the dentist. About 14 percent stems from private investment, for instance companies purchasing new machinery or building new factories. And the rest comes from government spending on things like bridge building, schools, and defense.

One of the issues with the 70% is that it does count healthcare, of which a big chunk is government paid.

I'll buy the pasty!
 
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sixball

New member
Ethanol is a very poor attempt to help our fuel crises. It takes more energy to produce then you can get out of it. It takes 7 gallons of water to make 1 gallon of Ethanol, another precious commonalty being wasted to produce something that cant pay for itself.
Its bad for many of our small or older engines. you lose Mpg over oil base fuel.
its just stupid at this point. Oh ya its increasing the cost of food to us.
I am talking Ethanol from corn.
 
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Hoosier

Well-known member
dcsnomo said:
Thanks!

Here is what I found in an MPR article, slightly dated (pre-recession) but I think it answers the question

More than two-thirds of the nation's Gross Domestic Product derives from everyday stuff like dining out, buying a new shirt or visiting the dentist. About 14 percent stems from private investment, for instance companies purchasing new machinery or building new factories. And the rest comes from government spending on things like bridge building, schools, and defense.

One of the issues with the 70% is that it does count healthcare, of which a big chunk is government paid.

I'll buy the pasty!
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Sounds good to me. What do you run in Door County anyway? Maybe that's a topic for another thread.
 
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polarisrider1

New member
Skylar said:
There is no bus for me to take, you want me to walk the 35 miles to work, you want me to ride a bike the 35 miles to work? Obviously I can't do that, move closer to work so I can do those things, so, I will try to sell my HOME that I have lived in for the last 17 years, in this market, and move closer to work, where I can maybe buy a house the same size as mine for 30g more than what my house is worth, because the new house is in a different county. So instead of doing all that I will, cut back on shopping, cut back on vacations, cut back on eating out, not have a new tile floor installed, etc etc. Along with the other million people or so who will do the same thing, because the higher cost of gas does cut into their budgets. What do you think that will due to the economy? Hmmm, I think that has already been proven.

By the way, I DON"T GIVE A CRAP WHAT THEY DO IN EUROPE.
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And you wonder why I have so much non unempolyment benifited time to hang out here. But we will not fix this issue on JD. not even come close. Venting gas price rage will not fix anything at this level.
 
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dcsnomo

Moderator
Hoosier said:
Sounds good to me. What do you run in Door County anyway? Maybe that's a topic for another thread.
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Wife and I own a motel in Egg Harbor, the Lull-Abi Inn. 25 years of corporate life being transferred around the country, dropped out and moved to Sisconsin in 2003.
 
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