MD wrote:
The result is a hyper-inflation of energy costs, as the fixed, structural cost of petroleum spirals ever higher. As more and more resources must be invested in petroleum production, fewer and fewer resources will be available for other productive parts of the economy."
wrote:
The real energy crisis is neither a geologic crisis nor a strategic crisis. The real energy crisis is a slow growth 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.
KaiserJeep wrote:It's all just complaining about prices, further currency inflation, and general economic malaise right up until the various fuels become too expensive to use for cultivating and transporting food in the Third World.
Then when the famine is widespread, people will start to get worried. Then we will change politicians once, twice, perhaps three times. By then, famine will be entering the First World countries. Large cities will be becoming untenable.
Then we will understand why one of the quickest adopters of renewable energy sources over the last decade has been the US Military.
I'm thinking, this starts to get bad in 2-3 decades. But until then, just misery for people on fixed incomes, higher and higher taxes, further erosion of the Middle Class, more hysteria over GHG's, AGW, and TEOTWAKI.
But of course TEOTWAKI will never replace football as the most important topic on the nightly news.
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.
KaiserJeep wrote:...none of which will be of as much interest to the average guy as who is playing the next football game and what the point spread is.
I'm not sure when TEOTWAWKI is, but I am sure that a fair number of people are only going to notice it after it happens, and be shocked when it does.
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.
step back wrote:MD wrote:Five years ago YOU got it wrong, along with the rest of the world that seemed to find it impossible to get past the "we're running out [of oil]" strawman. Today you've written a very nice definition of peak oi. Welcome to the club!
More like, we're sliding down that slippery slope of ever more expensive liquid fuels.
ralfy wrote:One has to see peak oil in light of two other predicaments: a global financial crisis and global warming combined with environmental damage.
ROCKMAN wrote:
Yesterday I posted one of my standard "the date of PO in meaningless" rants. I thought of another way to frame the message this morning.
John_A wrote:The IEA has already put the price of the next 6 trillion barrels or so at less than $150/bbl, in 2008 dollars.
Strummer wrote:John_A wrote:The IEA has already put the price of the next 6 trillion barrels or so at less than $150/bbl, in 2008 dollars.
Fantastic! Is that the same IEA that made these forecasts in recent years?
John_A wrote:step back wrote:MD wrote:
Don't get me wrong, I think profit is a good thing as far as it goes, markets ferret out the efficiencies; but only the monetary efficiencies. They can't tell you whether the things bought are worthwhile in a larger sense. IOW, you can be very efficient in your purchasing and still go broke.
JV153 wrote: I do know that heavy mining of Canadian tar sands and extensive off-shore sea drilling means that conventional oil must be in a bit of a jam or else nobody would have gone after oil in these places.
Users browsing this forum: No registered users and 255 guests