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The Only Way to Wean Ourselves Off Oil

Expert energy investment banker Matt Simmons recently said that ocean energy could "become the only real way to begin weaning ourselves from what will soon become clear peaking of global oil and gas." And he would know; Simmons served as energy advisor to Bush during his first term.

As ocean energy makes its way into the mainstream, a few companies stand to make a fortune.

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"No State shall enter into any Treaty, Alliance, or Confederation; grant Letters of Marque and Reprisal; coin Money; emit Bills of Credit; make any Thing but gold and silver Coin a Tender in Payment of Debts; pass any Bill of Attainder, ex post facto Law, or Law impairing the Obligation of Contracts, or grant any Title of Nobility."

-- The Constitution of the United States of America, Article 1 Section 10
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US Falls to #4 Gold Producer

Domestic Mine Producion Fell 6% n 2007

By Luke Burgess
Friday, February 8th, 2008


carlin_mine.jpg
Carlin Gold Mine, Nevada

Domestic gold mine production declined 6% in the United States in 2007, dropping the country to the fourth leading gold-producing nation, according to new figures published by the United States Geological Survey. Globally, the US is now the behind China, South Africa and Australia in the list of top gold producers.

Falling mine production from several mines in Nevada accounted for much of the decrease. However, Nevada remains the leading state producer in the US accounting for about 80% of the country's production.

Overall, the US remained a net exporter of gold in 2007. The USGS says that a total of 240 million tonnes of gold was produced in the US last year, worth a total of US$5.1 billion. Gold produced by the United States currently accounts for 10.4% of global output.

99% of the gold produced in the US last year was yielded at 30 mines, with much of the remainder coming from large placer mines in Alaska, lode mines and small placer operations in Nevada and other western states. Commercial-grade refined gold came from about two dozen producers. A few dozen companies, out of several thousand companies and artisans, dominated the fabrication of gold into commercial products.

Estimated uses for 2007 were jewelry and arts, 84%; electrical and electronics, 6%; dental and other, 10%

- luke


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