



Heineken wrote:[OK. I belong to the school that believes most of the second half will never be extracted. Effectively, most of it won't be available, ever. Remember that extraction will require large, financially viable, well-supplied companies and an organized, orderly, relatively prosperous market---things that are probably going bye-bye. But you're right that a much smaller population will offset some of this.


Cloud9 wrote:The one thing that absolutely scares the hell out of me is the push for state and local government revenues. I can shut off the water and I can shut off the electric but I cannot shut down the tax man. As local governments scramble to sustain their version of status quo they are going to continue to push for taxes. When the pension plans go and social security implodes what do us old geezers do?

vtsnowedin wrote:Heineken wrote:[OK. I belong to the school that believes most of the second half will never be extracted. Effectively, most of it won't be available, ever. Remember that extraction will require large, financially viable, well-supplied companies and an organized, orderly, relatively prosperous market---things that are probably going bye-bye. But you're right that a much smaller population will offset some of this.
But the curve is a production curve not an oil in place curve so it already has all the problems you point out factored in.



Heineken wrote:vtsnowedin wrote:Heineken wrote:[OK. I belong to the school that believes most of the second half will never be extracted. Effectively, most of it won't be available, ever. Remember that extraction will require large, financially viable, well-supplied companies and an organized, orderly, relatively prosperous market---things that are probably going bye-bye. But you're right that a much smaller population will offset some of this.
But the curve is a production curve not an oil in place curve so it already has all the problems you point out factored in.
Really? I doubt that, Vt. I doubt that Exxon's or Hubbert's production curve looks anything like one that we might construct---one that factors in rapid or even sudden collapse. In any case all such curves are just estimates that could far miss the mark.
A bell curve is way too orderly. Looks nice on paper, though.

Reuters wrote:Lenders have frozen a $1 billion credit line at Petroplus, Europe’s biggest independent oil refiner, which speaks for 4.4 percent of the region’s total capacity. The loss-making Swiss group relies on the borrowing facility to buy crude, and may be forced to close production within days if it can’t find a new source of funds.









Thralen wrote:After the fact, and in my opinion that fact will include a large percentage of die-off in the USA, people will start trying to get it together again. If, and only if, the .gov is reformed to be smaller and less of a leech on the taxpayer then it may well be possible to get a functional society going again in the USA.



Shaved Monkey wrote:I've spent a fair bit of time travelling in the third world and its nice.The food is better and fresher than 90% of Western Food and the lifestyle isn't bad either,less stressed, very lay back.
I quite like the local markets,the localised and seasonal food and animals pulling carts and bikes are fun.No shops full of crap, just stuff you need,everything seems to work well and there is always some one who can fix anything....
......

Loki wrote:Thralen wrote:After the fact, and in my opinion that fact will include a large percentage of die-off in the USA, people will start trying to get it together again. If, and only if, the .gov is reformed to be smaller and less of a leech on the taxpayer then it may well be possible to get a functional society going again in the USA.
The federal government is not the all-powerful demon god that right-wing propagandists pretend it is. At this point it seems to be primarily an appendage of Wall Street. Contrary to the pronouncements of “conservative” demagogues, government is not the average American's primary problem. The economic aristocracy is.
I think the aristocracy will likely finalize its cooptation of the federal government within the decade. In a desperate attempt to maintain their wealth the aristocracy will institute harsh austerity measures for the masses. We the peasants will probably respond by rolling over and accepting our lot. Or maybe we'll break out the pitchforks and guillotines. Either way it won't be much fun for anyone....


vtsnowedin wrote:Shaved Monkey wrote:I've spent a fair bit of time travelling in the third world and its nice.The food is better and fresher than 90% of Western Food and the lifestyle isn't bad either,less stressed, very lay back.
I quite like the local markets,the localised and seasonal food and animals pulling carts and bikes are fun.No shops full of crap, just stuff you need,everything seems to work well and there is always some one who can fix anything....
......
The food may be fresher but how safe is the water to drink, and the shops are empty but the streets are full of crap from the draft animals that are pulling the carts.
It's all fine and dandy until you get sick or are injured and need an ER or a real hospital. That's where the die off part will come in for each of us .

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