Newf mentioned he had started a thread about the biggest problems we face and I thought I should bump it up - but I couldn't find it to bump. So here it is reincarnated.
Newf said:
1. Overpopulation
2. Water depletion
3. Fragility of the global financial market
4. Resource depletion
5. Attacks on our natural world[/quote]
My thought is the global economy is numero uno simply because nothing good has changed since '08.
The bad juju the banks ate that caused them to croak or be taken over has not gone away, it is either festering in Uncle Sugar's gut or it is resting uncomfortably in the bigger - takeover bank, which is now even bigger and less likely to be allowed to fail.
The dark and shadowy world of derivatives continues to grow apace and IOUs outstanding have increased another 25% to the neighborhood of $200 trillion dollars.
Equities have gorged on all the free credit and are fit to bust.
China has a RE bubble that makes the US version look like a hubba-bubba fail.
But enough of that.
My number dos is where the finance markets meet the energy market. It doesn't seem strange to me in the least that $100 oil happened at exactly the time that $57 Trillion of new credit was flooding the market. (any more than easy gov guaranteed credit has blown a tuition bubble, or repeal of Glass-Steagall allowed commercial banks and overzealous Fannie Mae officials to blow the US RE bubble)
And that $100 oil price did exactly what I was worried about way back, which is suck production up to the plateau that might have happened later, farther down the down the decline a ways where we would have been able to get a little more utility out of it. In fact I think LTO is really $150 or $200 oil that would have been produced after the initial decline in production had weened us off a little, and allowed the price to rise. As it is, we are pumping 5-6mmbopd of LTO that is barely staving off decline but we get it at a discounted price so we just burn it up as if nothing is happening.
Two things will happen as a result, first the plateau is extended,imagine an overhanging river bank, second because LTO declines fast, when it stops, it really stops. so when we walk off the edge not only will there be nothing but air, we will have already used up some of what would have ben the first step down - so be careful, that first step is a doozy.
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So nombre troi...
I don't really have a next big one, I guess these all are a three:
Population will slow as birth control habits spread to the countries still growing - or not. But the problems will be mostly there, I hate to sound callus but it is what it is.
Climate Change, AGW makes sense to me but the rate and magnitude are open to speculation and I don't put a lot of faith in models - the more the modelers and their faithful shout "denier" the less I listen. The upshot is I don't see anything being done anywhere close to the scale the most rabid shout for and really on the low end of expectation I figure PO will take care of it as well as anything we volunteer to do. I'm happy to be surprised otherwise but half the US senate just voted AGW down so I'm not holding my breath.
Limits in general I'd put here. I think we still don't know what the actual limiting resource is. Could be fresh water, phosphorus, social cohesion; I think it is oil but we'll see. So far by increasing scale and efficiency we have beat most limits. Modern passenger cars are a marvel, 200-300-500hp vehicles - the Shelby Mustang makes 665hp and gets 28 Highway, LOL!
Or for you EV fans:
"Insane Mode"In summation kiddies, if you look around at where the powers that be are putting their effort I think it is clear that they are worried about deflation and oil, - otherwise we wouldn't have spent a few trillion in Iraq and another few on desperately trying to get some inflation going.
The legitimate object of government, is to do for a community of people, whatever they need to have done, but can not do, at all, or can not, so well do, for themselves -- in their separate, and individual capacities.
-- Abraham Lincoln, Fragment on Government (July 1, 1854)