From the monthly archives:

November 2007

The Prosperity Gap, Explained

November 21, 2007

The Globe & Mail is trotting out a red herring, a dead horse, a funky monkey of sorts.

If THIS is what it means to be prosperous, do we really want to be ‘prosperous’? No wonder Americans work 52 weeks a year for unpaid overtime.

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Oilpocalypse Now

November 19, 2007

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Surveying oil refineries can be very interesting work. Today, we had a blowout of sorts as every single ounce of production was forced up the flare stack into a spectacular blazing hydrocarbon inferno.

But what I find more interesting is the preamble to this tale.

For the past few weeks, we have been awaiting the mock ‘Doomsday Whistle’, a site-wide fire drill of sorts wherein we prepare for an actual emergency such as a fire or gas release. Rumors of a mock drill have been circulating for some time, but after a couple rumored deadlines came and went, the idea of an evacuation became further tucked into the deeper recesses of our minds.

Some time around 4pm today, my two chainmen and I were setting up a GPS receiver on a point to gather co-ordinates. In short, it involves setting up a receiver on a known point, then take 700 observations over ten or so minutes to gain more precision. The longer the mushroom stays on a point, the more accurately our eyes in the sky can discern the coordinates of that point.

One of my chainmen measured the distance of the receiver above the ground with his tape measure and relayed the coordinates for the other one to punch into the controller, which is basically a field computer. I remember this detail, because I was instructing him how to do this.

“1.666 meters” he said.

We both looked at each other as I cracked a joke about the countown to the Apocalypse. He did some math in his head and rattled off something that made him conclude 1.666 was in relation to 2012, the year the fabric of the universe is supposed to get swallowed whole.

I made my adjustments and readied the GPS to take its shots. The little display on the screen began counting down the estimated time until the 700 observations were made.

Over the eleven minutes or so, I heard stories from his oil rig days. We talked about front end loaders and drilling fluid.

I glanced at the clock again. Five minutes and 20 seconds to go. When the clock reached ten, I quietly began to count down to our final shot.

5 . . .4. . . 3. . . 2. . . 1 . . .

As it reached zero, I felt the heat off the flare stack and heard the Doomsday Whistle soar. I looked across the site and saw the safety man exiting his trailer, making hand gestures for us to get a move on.

And so we assembled with the masses of construction workers to watch the fiery smoke as unburnt bits of oil rained down on the site. The air tasted of Red Bull and tin, a disgusting mess of fruit and metal.

As we awaited for the ‘all clear’, a long-continuous blast of the horn to give us assurance that the accountants had done their cost/risk analysis of sending workers back to the job, we made small talk about how most of the people in white hard hats (management) seemed to stand a head taller than the rest of the workers. Someone else chimed in with something they read about taller people finding it easier to get promotions over their shorter counterparts. I shot back with the story of how King Saul the first King of the Jews, was chosen to be the leader because he stood a head taller than the rest of his fellows. It’s those sorts of suseless facts that make you look like a know-it-all.

The flares raged and subsided, but acrid smoke hung in the air, obscuring the moon. First the fire, then the ash. I thought of St. John and Nostradamus.

Movement was soon afoot. One of the taller leader types in the white hat made authoritarian gesticulations and we were soon on our way out of the main site. Withing the crackle and the buzz of radios affixed to various persons surrounding me, I heard talk of heading to the Northern part of the plant, across the highway, well out of the path of the oncoming cloud of mysterious fumes that hung densely in the air like a Satanic fart, straight from the center of the Earth.

We made our way to the main roads and joined the thousands of other tradespeople walking northward. The mass of hydrocarbon refugees moved to the north part of the site across the highway and we watched millions of dollars worth of product disappear into the ether. Some of us wondered how we would get home, with our vehicles stranded inside the plant, while others called their loved ones to let them know of the change of plans expected that evening.

The all-clear was eventually given, even though the flares raged. I’m sure some accountant somewhere in the corporate structure was called in to weigh the costs of employing thousands of workers at double time versus the risk of letting them go and grab their vehicles, lunch boxes and tools. I’m sure that must be how it works.

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Outcome of Annapolis Conference Could Affect the Price of Oil

November 17, 2007

THIS article from the LA times suggests that the fundamental price of oil should be between $45-50 dollars per barrel. The rest of the premium on oil comes from several other economic factors, likely including:

1. Central banks dumping their US dollars as a reserve currency.

2. Venezuela and Iran conspiring to keep prices high.

3. Terrorism, threats of violence and rumors of war, particularly in Israel-Palestine and the Straits of Hormuz.

Oil economists calculate that on a supply-and-demand basis alone, the price of oil would be about $50; the remaining $45 in the current price is a political premium caused by uncertainty in the Israeli-Palestinian conflict, Iran’s suspected nuclear plans, the wars in Iraq and Afghanistan and social unrest in Pakistan, Nigeria and Venezuela. But where the world sees a threat, Ahmadinejad and Chavez see opportunity: Civil discord lines their pockets.

Two important events are coming up in the next month.

First, the Mid-East peace conference at Annapolis Maryland, on the weekend of November 27th. If it brings peace to the Middle East, part of that war premium will come out of the price of oil. Old Pooty in Russia was keen enough to throw a monkey wrench into this process.

Second, as the LA Times article discusses, the national referendum on Venezuela’s Constitutional reform will happen on December 2nd. LINK

Retail sales in the US will continue to decline as oil eats more out of consumer budgets, but I suspect most of this decline will be blamed on fake terror alerts.

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Calgary, Texas

November 16, 2007

Did you know there is a Calgary, right in Texas?

LINK

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The Hockey Magic Continues for Grandinite

November 16, 2007

I recently wrote a blog entry about how a chance encounter in the hockey stick aisle at Canadian Tire re-sparked the hockey neurons in my psyche.

Well, it gets better . . . the very next day, I won front row, centre ice tickets for an Edmonton Oilers game, to watch them play the Minnesota Wild. This is what it looks like to sit at the red line, right behind the timekeeper’s box.

Oilers

What intrigued me the most was that little black lamp. There is a guy who sits in the penalty box, listening to a headset. At certain points in the game, he switches on the light and starts a stopwatch, probably to signal a commercial break.

I’ll never look at hockey the same way again.

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MOTORHOME PORN

November 13, 2007

YES!

http://www.maximog.com/

http://www.unicatamericas.com/photos.html

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BREAKING NEWS - Grandinite Laces Up the Skates

November 13, 2007

There’s just something magical about Canadian Tire. I think only my parents truly understand how Canadian Tire played a role in our holiday shopping as a family. Who else remembers Noma Christmas lights, GT Snowracers and Jofa hockey elbow pads?

My Dad must know what it’s like to max out his Canadian Tire credit card at Christmas, just so the show would go on.

Today, a chance encounter in the hockey stick aisle of Canadian Tire rekindled some of my own personal hockey magic.

Since retiring from hockey back in ‘97, I’ve laced up the skates less than a dozen times.

Yet, each time, I can still skate and shoot just as well as I ever did (albeit with substantially lowered endurance).

But, just a few hours ago, I helped a kid’s Dad pick out a hockey stick. His son needed one for his Phys Ed class, and that five minutes of my day triggered some deep connections in my neural networks - the hockey nerves.

The would-be hockey Dad has no idea what he’s getting into, should his son decide Hockey is the sport for him.

I’m getting some hockey gear together and have decided to lace up the skates. Hopefully at a rural arena in Redwater, Alberta.

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The Predatory Lending Association

November 13, 2007

According to the Predatory Lending Association’s PoorFinder technology, the little neighbourhood of Grandin needs a good payday loans lender (click on ‘PoorFinder’ in the little window at the bottom of the page and enter the zip code for your area - mine is T5K 2N4). Grandin is full of retirees, students and bottle collectors due to its proximity to the Hobo Highway (a bike trail that spans the river and links south to north for my shopping-cart driving bretheren).

http://www.predatorylendingassociation.com/

Very good stuff, but the technology needs to include casinos and escort services as well.

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Vitamin A Deficiency+ HPV = Root Hands

November 13, 2007

This is too much.

An Indonesian fisherman who feared that he would be killed by tree-like growths covering his body has been given hope of recovery by an American doctor - and Vitamin A.

http://www.telegraph.co.uk

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Garbage Houses And Earthships

November 12, 2007

Some cool links, via the Tyee on a new movie playing at the Vancouver Film Fest - Garbage Warrior.

Photos

Drawings

Video

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