What sort of nutrients I wonder?

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I do like the look of this though….
http://www.valcent.net/s/Ecotech.asp?ReportID=182039
Nice Green colour too!

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PDATE (Apr 15). Dave Cohen of ASPO-USA writes:
Regarding the Carioca field offshore Brazil –

It is completely irresponsible for anyone to whisper to the world that there are 33 billion barrels of — what? oil-in-place? barrels of oil equivalent? technically recoverable oil? economically recoverable oil? — in the Carioca offshore block BM-S-9.

Brazil has drilled a single test well at BM-S-9, which achieved a good flow as discussed in Rigzone’s BG Participates in New Oil Discovery Offshore Brazil (September, 2007)

This very deep “pre-salt” field will yield its bounty reluctantly, no matter what the estimated recoverable oil turns out to be. (And remember, you always need to know how an estimate was calculated.)

There is no basis at this time for the “33 billion” barrels. Why not 43? Why not 53? The one thing we know for sure at this point is that the leaked number has been very good for BG, Repsol and Petrabras share prices.
http://www.energybulletin.net/42785.html

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April 14 (Bloomberg) — Petroleo Brasileiro SA’s offshore Carioca prospect may hold 33 billion barrels of oil, enough to supply every refinery in the U.S. for six years, making it the third-largest oil field ever discovered.

http://www.bloomberg.com/apps/news?pid=20601086&sid=as9ZIxKHSObo&refer=latin_america

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john-ston – Yes, the crack spread is negative, but more worrying for the long term is the rush of new refineries being built in the Middle East. This is a huge threat to the western powers, where most of the refining capacity is currently. It is old, running near capacity and not getting replaced – until now. Now both the source and the value added will be in the hands of the oil giants. This will make for a very different geopolitical landscape in the very near future as the new refineries out-compete the old and more power shifts to the east. Very interesting times…

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It wouldn’t surprise me if petrol prices rose some more over the short term. At the moment, the “crack spread” (essentially the profit that refineries make) is negative, so the oil refiners are making a loss. Of course, no firm can afford to make a loss over the long term, so it is likely that prices will move sharply over the short term.

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JH

This would also mean that workers going for higher wages but without an attendant increase in productivity would see that labelled “unearned income”.

i.e. getting something for nothing with market changes.

Perhaps for the great unwashed you can desribe and alternative system that would stop unearned income while inflation automatically increases any capital assets such as housing.

What your friendly spin doctors are saying in that paragraph is a load of hogwash.

Takes no account of market forces beyond the control of the capital holders control.

Such as BB hummer. While he might have bought it for $xxx and not expected any capital gain,but market forces, because of the hummers rarety value, could lift his capital value way higher. All beyond his control.

Do you want to tax that potential income? Good luck but not many people will vote for that idea.

Or are you suggesting that he will be taxed when it is sold?

In which case he may never and thus you would not be able to budget any taxable income to distribute back to the needy.

Another one of those “good ideas in theory” statements, which when exposed to the cold light of day is just a useless notion.

A University acadamic’s idea of wealth taxation?

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BB says:

Can anybody explain what the co leader means by “unearned income�?

Yes…..

“or generations of economists, it used to be a truism that “wealth creation” implies capital formation in terms of generating income-creating tangible assets. The emphasis was on capital formation and the associated income creation. To indiscriminately put this label of “wealth creation” on rising asset prices in the absence of any income creation is plainly a novel usurpation of this concept. It is in essence wealth creation through a stroke of the pen.”

http://mensnewsdaily.com/archive/r/richebacher/2005/richebacher042705.htm

And here

http://www.richmastery.com/

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It’s the trend that counts (again).
More effort in the face of higher prices??

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Off topic

“Part of this package, and resulting from these new measures, would be shifts in the tax system to reduce tax on the things we want to encourage like honest work, innovative and sustainable entrepreneurial activity; and to increase it on those things we wish to discourage like waste, pollution, scarce and overused resources and unearned income.”

Can anybody explain what the co leader means by “unearned income”?
Is this a wealth tax or inheritance tax that will ultimately mean that we all end up earning the same amount…..sounds like communism to me.

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