With this article I wrap up my review of Lemay: The Life and Wars of General Curtis Lemay by Warren Kozak.
"Cometh the hour, cometh the man," I've said many times during this narrative of the life and wars of General Curtis Lemay (1906-1990). And when the hour has passed? Well, ...read more
Rare Earths and Other Critical Technology Metals
Oct 30th, 2009 | By Byron King | Category: Commodities, Featured
There was quite a meeting in Washington, D.C., last week. Some of the key players in government and the metals industry came together in the same room to discuss the looming shortages of critical elements that are coming down the road.
The idea is that supply chains are only as strong ...read more
Deep-Water Oil Won’t Cure Peak Oil
Oct 27th, 2009 | By Byron King | Category: Featured, Oil
So there I was the other day, walking through the waiting area of a local hospital. I looked over at a glowing television set. I saw a silver flying saucer. The caption at the bottom of the screen stated, helpfully, "Flying Saucer Over Colorado."
We're Not Alone…
Thank GOD! I thought to ...read more
Peak at 85 Million Barrels of Oil a Day
Oct 23rd, 2009 | By Byron King | Category: Featured, Oil
Eighty-five million barrels a day.
That’s the most that can be produced. So when recession causes a temporary decrease in world consumption, it can seem like those 85 million barrels are enough. But consumption is bound to resume its upward climb, while those 85 million barrels a day are all we ...read more
An Update on Peak Oil from ASPO
Oct 20th, 2009 | By Byron King | Category: Featured, Oil
Marcio Mello, the former explorationist from Petrobras (PBR: NYSE) and now independent petroleum consultant, electrified the Denver meeting of the Association for the Study of Peak Oil & Gas (ASPO).
In a riveting talk that lasted well over an hour, Marcio detailed the immense petroleum potential of offshore Brazil, as well ...read more
Gold, Silver and the Wonderful Wizard of Oz
Oct 16th, 2009 | By Byron King | Category: Currencies, Featured
This week, the price of gold touched $1,040 per ounce while silver took a ride to now over $17 per ounce. It seems like the gold and silver run-up caught the politicians and monetary authorities by surprise. The lookouts were napping up in the crows’-nest. Then the golden alarm clock ...read more
The Life and Wars of General Curtis Lemay, Part IV: Vietnam and President Johnson
Oct 12th, 2009 | By Byron King | Category: Featured, Morning Whiskey
From what deep wells of events flow the rivers of our time? By what path did the muse of history arrive here, at our front door? Where are the roots, for example, of monetary inflation? What pushed the U.S. into its modern de-industrialization? Along what road did the world travel ...read more
Energy, Brazil, Gold: What More Could You Want?
Oct 8th, 2009 | By Byron King | Category: Commodities, Featured
Let's take a quick look at what's happening in Brazil, over and above the 2016 Olympics being awarded to Rio de Janeiro.
"I don't know if I will live to see it," said Brazil's president Luiz (Lula) da Silva a couple weeks ago. "But Brazil has to transform itself into a ...read more
G-20, Protesters, Sound, Fury
Oct 7th, 2009 | By Byron King | Category: Featured, Macro Economics
Wow, there were cops everywhere.
On Wednesday, the day before the G-20 opened, I drove through the Oakland section of town, home to the University of Pittsburgh and Carnegie Mellon University. There were squads of state troopers on every block. It was just a long, gray line of troopers, with their ...read more
Why Military History and Lemay: The Story of Now
Sep 17th, 2009 | By Byron King | Category: Featured, Morning Whiskey
"Why are you writing so much about Gen. Curtis Lemay?" asked one reader. "Really Byron, what does Lemay have to do with investing?" asked another. "It makes for really interesting history," said a third reader, "but where are you going with the Lemay series?"
Fair enough. Let's think about why a ...read more

