Being retrospective comes with age. I first noticed I was “out of it” because of Jeopardy. Blowing my horn a bit, I was pretty decent watching/playing/finding the right question. Then, I lost it. I became mediocre and figured out that the trivia in my mind no longer matched the trivia of the time. I was living to far in the past.
This is the time of the year for retrospection. In the next weeks it will become a popular sound bite across all media. Pundits will rationalize away their missed predictions. Insightful anchors (oxymoron?) will review what they saw as important for the year. My outdated views should fit right in.
Frack you. Sorry, I usually keep expletives out of my text. But fracking seems to show all that is good or bad depending on your bias. To me, having stopped at a gas station two days ago, it seems more good than bad. It also is making the airlines and trucking companies happier than a pig in whatever. I saw it as low as $2.09 while I was out. That’s half the price I paid at the high. Nice feature for the fixed income crowd. It has made the stock market hum far better than government excesses managed.
By now we could have completed that pipeline across the middle of the country. Could have made energy even cheaper with the cut in transport cost. Yes, it takes up land but evil? It is old and proven technology that has proven itself safer than any other transport of volatiles. I visited a pumping station not to far from my childhood home while in high school. That was 60 years ago and it remains a building out in a nearby field that we don’t notice is there. In the interim, how many trains has TV shown tank cars burning somewhere or cleanups on the interstate of overturned tank trucks?
My trivia goes back to the first energy crisis and gas lines. Then, the pols were panic-stricken. They even suspended taxes for a while. They also tried price-fixing (Nixon) that failed miserably. Seems the pols were afraid of our reaction. That was before focus groups and surveys that let them play fast and loose. Now they think they own us and might be right. But, everything is a cycle.
I guess I am a pig in whatever with the hope that what is called deflation at times kicks in with lower transportation costs on everything we buy. That isn’t deflation any more than the cost saving of the mechanization which kicked off the industrial revolution. But it is a game changer.
I have a few more thoughts but fear I could turn into a Rob poster. I’ll try to continue my retrospective in another post. Who knows? Maybe a couple. Look ahead to figure out how not only outdated but lazy I have become.