Ibon wrote:Save all your nickels and dimes in jars.
dinopello wrote:Walmart closing 269 stores.
pstarr wrote:ennui2 wrote:I wish someone would bank some of shortonoil's specific predictions so we can call him to task on them if they turn out to be bogus.
That's your job ennui. Take it on. I expect to see a normalized ordered and indexed database of all predictions past and future scalared and weighted under a multipremised methodology. And I want to see in in various colors. Let's start with pink and transition to blue. Okay? Little baby steps. Now go to work in your cubicle and leave the godderned managers alone.
shortonoil wrote:"Despite massive central bank interventions, worldwide, post 2008, it seems growth is stalling."
By our calculation world petroleum production will decline by 11 mb/d with 36 months. That will wipe out 4.4% of the world's economy. The world is now in a deflationary spiral from which there can be no escape. At what point the world's integrated global economy comes unglued is the now the real question. We will know when some people find food on the selves, and others don't.
dolanbaker wrote:shortonoil wrote:"Despite massive central bank interventions, worldwide, post 2008, it seems growth is stalling."
By our calculation world petroleum production will decline by 11 mb/d with 36 months. That will wipe out 4.4% of the world's economy. The world is now in a deflationary spiral from which there can be no escape. At what point the world's integrated global economy comes unglued is the now the real question. We will know when some people find food on the selves, and others don't.
The question has to be, "how long before the reinvestment in shale oil brings results?"
I expect that we'll see an unstable supply as the money tap is turned off and on out of phase with production as the industry is unable to regulate the supply of oil in any meaningful manner, due mainly to the fact that investors want a fast return.
Absolutely, thus their surely must exist a sense of impending doom in all the important financial places. Stock market today took a plunge. I say yes the contraction has begun but it will be still awhile before we feel it in the US in a real nasty way. All in all, I still rather be living in the US than in Africa, ME or Asia where the effects of GW are starting to bite hard.having really serious consequences for the financial system that is hard coded to operate with growth.
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