Yoshua wrote:Outcast_Searcher wrote:Sys1 wrote:Tita : You don't understand peak oil.
1) We have passed peak conventional oil around 2007, the reason why we experimented the worst economic crisis since 1929.
Peakers keep getting this point dead wrong. The body of credible economists (and the economi evidence) overwhelmingly attribute the 2008-2009 major recession to the real estate asset bubble and its side effects. High oil prices were just a minor side effect.
Pretending this isn't so isn't helping your case.
Pretending that the central banks had to print $21T as of today to patch up that housing bubble...is helping your case.
asg70 wrote:Sys1 wrote:1) We have passed peak conventional oil around 2007, the reason why we experimented the worst economic crisis since 1929.
Nope. Credit crisis.
dissident wrote:asg70 wrote:Sys1 wrote:1) We have passed peak conventional oil around 2007, the reason why we experimented the worst economic crisis since 1929.
Nope. Credit crisis.
So where are all the other such credit crises over the last 70 years? As if a credit crisis is a stand-alone phenomenon.
High gasoline prices killed off the ex-urban development in the USA. It has not recovered. This housing bubble bursting around 2008 was one of the prime "causes" of your "credit crisis".
Alfred Tennyson wrote:We are not now that strength which in old days
Moved earth and heaven, that which we are, we are;
One equal temper of heroic hearts,
Made weak by time and fate, but strong in will
To strive, to seek, to find, and not to yield.
coffeeguyzz wrote:...... The world's cheapest electricity prices at 6 to 8 cents per kilowatt hour is luring manufacturers all over the globe to your region.
Two dozen huge CCGT plants are being built, fueled by Appalachian Basin natgas, ensuring low prices far off into the future.
dissident wrote:So where are all the other such credit crises over the last 70 years?
GHung wrote:You haven't seen the last laugh yet. Thinking you have is just as silly as those who swore peak oil was in the past.
GHung wrote:Too many consumers. Not enough Planet.
AdamB wrote:GHung wrote:Too many consumers. Not enough Planet.
I agree. But that isn't a peak oil angle, it is a Happy McDoomster one, and doesn't have near the near term kick of peak oil. A Happy McDoomster might be waiting around for decades for folks to notice, peak oil was all about the NOW. NOW rapture events are great for rationalizing a hunting cabin, or gun collecting, or gold buggery, or whatever. How do you explain to the significant other than you need a hunting cabin to hide from MZBs when you switch over to sea level rise instead? "Honey, we really need this hunting cabin and to stock it with supplies for when the seas rise enough to send hordes of suburbanites fleeing the encroaching ocean....a century from now...". See? It just doesn't work.
Sys1 wrote:Fossil fuels count for 80% of our primary energy needs. By the way, this 80% is a very low claim since most of "alternative" energies need oil/coal/natural gas at one point or another during the process. (like say melting sand around 2000°C to build a solar pannel)
From there, peak oil matters more than anything else regarding economy and civilisation.
https://en.wikipedia.org/wiki/Primary_energy
Now if some braindead like I see everyday on this site and many many more on financial newspapers think that oil is just a useless shit from the past that will be easily replaced by magical thinking, artificial intelligence super power, Santa Clauss or Alice in Wonderland technology, I personnaly don't give a s*** about it, but I suggest them to share their pointless viewpoint on some business friendly site.
By reading this thread a little upper, I see there are still people unable to understand that a 147$ barrel collapsed the economy back in 2007. They don't understand that current economy is artifically alive (just like Frankenstein "He's alive!") thanks to FED/BCE and their episilon interest rates.
The game will be over when oil will go up once again : central banks will be checkmated : put interest up, economy collapses, keep interest around 0%, inflation will skyrocket and economy collapses.
Nevertheless, I'm not a doomer because of our apparent dire future. I'm a doomer because I think people are unable to understand that our economic paradigm is far closer from a cancer in an organism than from a civilisation on a planet.
GHung wrote:On this forum, peak oil in its narrow sense, has been used as a strawman to avoid addressing a much broader process of systemic decline leading to collapse.
GHung wrote:Funny that some of us can live very well on a fraction of the consumption and income considered 'nominal' by most, while being much more self-sufficient.
What good is to come from "addressing" limits to growth for the umteen millionth time when this group is so tiny and insular?
baha wrote:You see...Plantagenet is a woman professor in english literature. Told you.
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