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Oil Is Fading Into History

General discussions of the systemic, societal and civilisational effects of depletion.
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Re: Oil Is Fading Into History

Unread postby Graeme » Fri 09 Jan 2015, 18:20:07

Didn't expect this story to provoke such a reaction! Must be some unpalatable home truths here.
Human history becomes more and more a race between education and catastrophe. H. G. Wells.
Fatih Birol's motto: leave oil before it leaves us.
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Re: Oil Is Fading Into History

Unread postby DesuMaiden » Fri 09 Jan 2015, 22:06:14

On the contrary, oil is still as important as ever.
History repeats itself. Just everytime with different characters and players.
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Re: Oil Is Fading Into History

Unread postby dolanbaker » Sat 10 Jan 2015, 07:24:26

DesuMaiden wrote:On the contrary, oil is still as important as ever.

To the end consumers and industry yes, but to investors (the people the story appears to be aimed at) oil appears to be "last years" investments.
In other words, there's no more money to be made in investing in the oil production industry, look elsewhere to grow your money.
Religion is regarded by the common people as true, by the wise as false, and by rulers as useful.:Anonymous
Our whole economy is based on planned obsolescence.
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