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Jim Letourneau's Blog

Investing, Technology, Travel, Geology, Music, Golf. I think that covers it.

Tale of Two Disasters

The worst oil spill in US history chase been making news for weeks. BP has the financial resources to pay for the cleanup of it's spill. What did the banks do when the financial system crashed?

M. King Hubbert wrote extensively on the differences between the energy-matter system and the financial system. The interplay between a finite (energy-matter) and infinite (financial) system is ongoing but so far very few people have talked about planning how to deal with it.