Revi wrote:I agree, that it seems like we are crying wolf too many times, but this time it's real!
I hate to intervene here because I really see you as a personal friend but I feel when you say things like this you are setting yourself up to look easily whipped up into a state of panic.
Revi wrote:I have a bad feeling about the fact that a commodity like oil just keeps going down in price here in the US.
I think if you were to go back in time to when oil was nipping at $150/bbl and informed yourself that you were going to have a bad feeling about the world because oil is going below $40 you would feel that your future self had gone insane.
It's only because the peak oil party has ended and everyone has gone home that those who are still nursing their drinks and talking about it have erected such implausible rationalizations to make it seem like what's happening is still consistent with peak oil doom. The rationalizations have now had to completely invert themselves. Any passer-by who read this sort of thing would be rolling on the floor laughing to think that peakers are now putting forth the idea that the lower oil prices go the more it's a validation of peak-oil doom. Only within the echo-chamber can these rationalizations self-reinforce to the point where anyone can really buy into them.