Exploring Hydrocarbon Depletion
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Peter Voser, the chief executive of Royal Dutch Shell, told the Financial Times:
“We will have a lot of volatility ahead of us that we cannot avoid
... for energy prices in general.”
“We most probably will see a tightening of the supply-demand balance
and hence rising energy prices for the long term.
I think we should just get used to that.”
don't forget the worst scenario , crude at 20 $/Brl because nobody can afford it anymore
that's a full on , bigger than the thirties depression
Unconventional Ideas wrote:We closed down the carpet cleaning business, and sold our vehicle at the end of June. We feel fortunate not to have to purchase gasoline anymore.
Now we get around by walking, cycling, and public transit. It's a good thing we live in a city that has good public transit infrastructure.
AgentR11 wrote: "I need to save more, spend less, because something is f****** up."
that exacerbates the problem. insufficient demand to provide an adequate rate of capital expansion can NOT be solved by pulling back on demand even more - a feedback loop is established and it becomes a race to the bottom
And yes, I'm still a right wing extremist, but praise is due where praise is due.
evilgenius wrote:I didn't realize you considered yourself a right wing extremist. A realist, sure, but.... Are you really or are you trying to make a point about how you can be liberal (in the true sense of what that word is supposed to mean) and still not like Obama?
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