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Imminent collapse of the US dollar

Discussions about the economic and financial ramifications of PEAK OIL

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Re: Imminent collapse of the US dollar

Unread postby asg70 » Mon 14 Aug 2017, 15:53:03

pstarr wrote:The Techtopians needs to go to jail for crimes against humanity.


Be careful. That axe you're grinding is showing.



Oh, and BTW, those techtopians are responsible for giving you the toy you rely on to bash them. Want to walk the talk? Send your rants to this forum via stone tablets.
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Re: Imminent collapse of the US dollar

Unread postby pstarr » Mon 14 Aug 2017, 16:05:17

asg70 wrote:
pstarr wrote:The Techtopians needs to go to jail for crimes against humanity.


Be careful. That axe you're grinding is showing.



Oh, and BTW, those techtopians are responsible for giving you the toy you rely on to bash them. Want to walk the talk? Send your rants to this forum via stone tablets.

dude, I am a recovering techtopian. The last of the Early Adopters. I have more green tech then Fifth Avenue on St. Paddy's Day lol
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Re: Imminent collapse of the US dollar

Unread postby Outcast_Searcher » Mon 14 Aug 2017, 17:11:32

shortonoil wrote:
Doomerism is just a way of life for some people.


Doomerism? More troglodyte pig Latin New Speak? We are inspired!


Semantics games don't make you less wrong.
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Re: Imminent collapse of the US dollar

Unread postby shortonoil » Mon 14 Aug 2017, 18:05:05

Semantics games don't make you less wrong.


Wrong about what? That the industry's revenues have fallen by 53%; that less than 8% of reserves being extracted are being replaced; that Capex spending has fallen by almost a $trillion dollars; that Saudi Arabia is going broke to the tune of $135 billion per year; that most of the Canadian bitumen fields are now looking like a parking lot for wayward moose; or that Venezuela is eating its cats and dogs. Which wrong did you have in mind?
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Re: Imminent collapse of the US dollar

Unread postby rockdoc123 » Mon 14 Aug 2017, 20:33:53

that less than 8% of reserves being extracted are being replaced;


OK this is the fourth time where I have had to point out that you have your head up your backside with this claim. Produced reserves are being more than replaced according to the Ernst and Young 2016 analysis that I have quoted from before several times. Contingent resources go to 3P reserves, 3P and 2P reserves go to 1P reserves and proved non-producing go to proved producing reserves.

that Saudi Arabia is going broke to the tune of $135 billion per year


ignoring, of course, the Aramco IPO next year which will be anywhere between $1.5 and $2.5 trillion in value back into the SWF. Seems like they probably aren't too worried :roll:

that most of the Canadian bitumen fields are now looking like a parking lot for wayward moose


and magically, somehow production from Canadian oil sands continues to rise.

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Re: Imminent collapse of the US dollar

Unread postby onlooker » Tue 19 Sep 2017, 16:23:06

de-dollarization continuing . I guess the world thinks it can function without dOlla hegemony
https://www.rt.com/business/403804-russ ... ttlements/
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