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Oil shocks will hit region hard

General Ideas

Fuel prices are rising. More oil shocks have been predicted, and we remain unready to face a new age that is approaching rapidly.

Some may not have heard of “peak oil”. If so, I suggest Googling it up.

Alerts: This year Exxon Mobil has warned us to prepare for demand-driven oil shocks. Last year, Saudi Arabia’s energy minister Khalid A. Al-Falih warned us to expect an oil supply shortage by 2020.

When it hits, our region will be hard hit. We still lack a functioning rail link or coastal shipping facilities to offset any road transport problems.

Admittedly, the world is moving on to electric cars and bicycles, but heavy transport remains almost totally reliant on fossil fuels.

Oil unavailability or un-affordability will drive us to alternative energy, but before long it will be alternative everything.

Petroleum is part of nearly everything, even jobs.

Peak oil and its impacts have been delayed by shale oil and new drilling technologies such as fracking and horizontal drilling, along with deep sea and oil sand extraction, keeping us addicted to oil that much longer.

With millions of the world’s people homeless, lacking adequate food and clean water, ongoing fossil-fuel-use habits are now morally unacceptable.

The consequences of continuing as we do now are likely to be irreversible.

Using even 20 percent of the known, extractable fossil fuel reserves would jeopardise the basic necessities of human life.

The madness of it all.

Thank God we have a Government that sees the futility of searching for more of this product that threatens our future.

I want a world for our kids and grandkids. What about you?

Bob Hughes

gisborneherald.co.nz



210 Comments on "Oil shocks will hit region hard"

  1. MASTERMIND on Tue, 10th Jul 2018 6:52 pm 

    Could Trump’s trade war turn into a third world war?

    https://www.scmp.com/comment/insight-opinion/united-states/article/2154568/trade-war-third-world-war-korea-south-china

    He is just like Hitler because history always repeats..And such blindness to history forces us to repeat the same mistakes over and over again..

  2. JuanP on Tue, 10th Jul 2018 7:02 pm 

    Delusional Davy “Your noise is getting old and gumming up the board.”

    Projecting again, Davy?

  3. Davy on Tue, 10th Jul 2018 7:03 pm 

    boney juan, quit the puppeteering. Be honest for once in your life

  4. Davy on Tue, 10th Jul 2018 7:05 pm 

    3rd world, did you get a chance to read this today?

    “Dystopia” In Chinese Surveillance… Looks A Lot Like US Surveillance”
    https://tinyurl.com/ybaw626g

    “Beijing is embracing technologies like facial recognition and artificial intelligence to identify and track 1.4 billion people. It wants to assemble a vast and unprecedented national surveillance system, with crucial help from its thriving technology industry.”

  5. Davy on Tue, 10th Jul 2018 7:15 pm 

    3rd world check out this per capita news. I chose it because of how tuned up you get over per capita news.

    “CO2 Emissions Hit 67-Year Low In Trump’s America, As Rest-Of-World Rises”
    https://tinyurl.com/ycf8secq

    “The U.S. emitted 15.6 metric tons of CO2 per person in 1950. After rising for decades, it’s declined in recent years to 15.8 metric tons per person in 2017, the lowest measured levels in 67 years. And as The Daily Caller reports, in the last year, U.S. emissions fell more than 0.5% while European emissions rose 2.5% (and Chinese emissions rose 1.6% along with Hong Kong’s 7.0% surge), according to BP world energy data – an ironic turn of events given Europe’s shaming of Trump for leaving the Paris climate accord.”

    “GRAPH”
    https://tinyurl.com/y8k7ndwc

  6. Makati1 on Tue, 10th Jul 2018 7:16 pm 

    Davy, I do not live in China. I live in a different, democratic, country about 500 miles from China. So, what is your point?

    Japan is also about 500 miles from China. Does that make Japan like China?

    Indonesia is about 500 miles from China. Does that make Indonesia like China?

    You are just China obsessed, Delusional Davy. A brainwashed Sinophobe. You want to lump all of Asia into one country to try to prove some obscure point and failing big time. LMAO

  7. Makati1 on Tue, 10th Jul 2018 7:21 pm 

    As for the CO2 bullshit… You are afraid to post the origins of that pile…Zero Hedge and the EIA.

    Why don’t you add in the CO2 embedded in the stuff the US buys from China? The Us exported some of it’s pollution along with the industries and jobs. The Us is still the Number One polluter in the world. LMAO

  8. MASTERMIND on Tue, 10th Jul 2018 7:27 pm 

    Davy

    Yesterday Madkat said his family told him to stop emailing them doomer porn..I bet they all think he is a nutjob..

  9. MASTERMIND on Tue, 10th Jul 2018 7:29 pm 

    Davy

    Its because the US economy isn’t growing anymore..And citing the daily caller is laughable..You stupid moron..You are just as dumb as madkat..None of you ignorant boomers know how to use solid sources..You just click and share and believe whatever some fringe site tells you..

  10. MASTERMIND on Tue, 10th Jul 2018 7:50 pm 

    Leave some ladies for the rest of us, Rando

    https://i.imgur.com/dwa7TZT.jpg

    fascism and cross-dressing don’t really mix. The actual fascist movements of old would have called this morally degenerate.

  11. MASTERMIND on Tue, 10th Jul 2018 7:51 pm 

    Fascists in the past would have publicly called it degenerate but privately engaged in far weirder and disgusting behavior than a little cross-dressing.

    Look up the movie Salo sometime

  12. MASTERMIND on Tue, 10th Jul 2018 7:52 pm 

    Actually don’t look it up it’s pretty vile

  13. MASTERMIND on Tue, 10th Jul 2018 8:02 pm 

    Stop the Alt Right!

    https://i.redd.it/5vvll6m4c6911.jpg

    We beat em before, well beat em again!

  14. Davy on Tue, 10th Jul 2018 8:03 pm 

    3rd world, most of your news is from ZH so quit being disingenuous.

  15. Makati1 on Tue, 10th Jul 2018 8:06 pm 

    “…Madkat said his family told him to stop. ..”

    Taking words out of context to try to support your delusional view of reality again MM? You do know that you are certifiably insane, don’t you? Your posts are like flashing neon lights announcing the fact. If there was a psychiatrist on this forum, he/she would be studying you as a perfect example of a brain-dead American.

  16. Makati1 on Tue, 10th Jul 2018 8:10 pm 

    No Davy, most of my news is from other sources that may also be on the ZH site. You really don’t pay attention to reality do you? Your emotions control your posts, not intelligent thought. But then, like MM, you are both certifiably insane. Typical brain-dead Americans.

  17. twocats on Tue, 10th Jul 2018 8:11 pm 

    first tier fracking wells might make money at $60, but there isn’t enough of that to expand oil production fast enough. the goose is probably already cooked and we are in for a huge “air pocket” that people on this site have been talking about for years due to lack of investment and discoveries. its simply too late to stop the oil price rise and the propaganda of fracking has been believed over physics and geology.

    last time this happened, in 2007-08 the world economy went into a tailspin and barely survived. huge epic moves were made to resuscitate the virtually dead economy.

    but this time all the chips are on the table already. the problem with debt isn’t when it gets to some magically high point it collapses – its when there is a period of deleveraging that creates a tidal wave of defaults on that debt. there’s no more reserve to raise the bet. the patient is already in the ICU on life support and too weak to perform surgery on.

    the crises will get so out of hand there simply won’t be any reasonable way to price most assets. vast amounts of pensions, IRAs, 401Ks will be completely obliterated. then what do you do?

  18. Davy on Tue, 10th Jul 2018 8:15 pm 

    3rd world quit lying. You are a ZH fool.

  19. MASTERMIND on Tue, 10th Jul 2018 8:32 pm 

    Twocats

    Then all hell is going to break lose..Hank Paulson who was Bush’s Treasury secretary wrote a book about the great recession..He said things got so bad at one point..He told President Bush if he didn’t bail out the banks..The credit markets would have totally frozen up and the global economy would have collapsed..And Bush would have had to declare Martial Law and there would have been tanks roaming American streets to keep law and order…

    So get ready to see the troops go marching soon!

  20. MASTERMIND on Tue, 10th Jul 2018 8:39 pm 

    Madkat

    China’s Silk Road Isn’t So Smooth

    Skeptics’ warnings are beginning to come true.

    https://www.bloomberg.com/view/articles/2018-07-10/china-s-belt-and-road-initiative-has-stalled

    And China was your only hope..LOL you stupid old geezer..

  21. JuanP on Tue, 10th Jul 2018 8:54 pm 

    “Over 9,000 trips made via China-Europe trains”
    http://en.silkroad.news.cn/2018/0710/102206.shtml

  22. JuanP on Tue, 10th Jul 2018 8:58 pm 

    “China sees investment in countries along BRI increase steadily”
    http://en.silkroad.news.cn/2018/0711/100995.shtml

  23. JuanP on Tue, 10th Jul 2018 9:00 pm 

    “China-Egypt venture leads in high voltage”
    http://en.silkroad.news.cn/2018/0709/102135.shtml

  24. JuanP on Tue, 10th Jul 2018 9:03 pm 

    “Belarus highlights good progress in China-Belarus Industrial Park”
    http://en.silkroad.news.cn/2018/0710/102238.shtml

  25. Makati1 on Tue, 10th Jul 2018 9:06 pm 

    “You are a ZH fool.” Davy, look in the mirror hypocrite! Most of your refs are at ZH. Are the drugs killing what few active brain cells you have left? LMAO

  26. Makati1 on Tue, 10th Jul 2018 9:11 pm 

    Loser MM, you regress to that nine year old more and more these days. Frustrating when you live in a country that is failing in all areas and disintegrating from within isn’t it? But what can you expect with people like you sucking on the government teat and dreaming of cannibal zombie rapists 24/7/365. LMAO

  27. Makati1 on Tue, 10th Jul 2018 9:14 pm 

    Juan, you can post hundreds of articles about China and the new Silk Road, but neither MM or Davy will read them or accept that China is rising and the Us is declining. Sinophobes so scared shitless that their life style is disintegrating in front of their eyes that they are in deep denial. And their pain is only beginning.

  28. Cloggie on Tue, 10th Jul 2018 9:27 pm 

    “Karma is just more emotional fantasy..Just like prepping and thinking you can survive and thrive post collapse..”

    Millimind’s and his tribe’s essential mindset is “getting away with it”.. It is basically the maffia mindset: “we can commit crimes at the cost of others, but we are so smart that we will manage to stay out of the hands of justice.”

    History teaches that this is not the case:

    https://www.biblebelievers.org.au/expelled.htm

    #110 is now brewing in North-America.

  29. Cloggie on Tue, 10th Jul 2018 9:34 pm 

    Stop the Alt Right!

    https://i.redd.it/5vvll6m4c6911.jpg

    We beat em before, well beat em again!

    Hate to break it to you millimind, but Stalin is long dead. Now we have this in the Kremlin:

    https://goo.gl/images/W4kPkZ

    LOL

    Russia is now on the Right side.
    Are you ready for a major haircut?

  30. MASTERMIND on Tue, 10th Jul 2018 9:40 pm 

    Clogg

    And Italy’s debt to GDP ration is around 130%..They are almost up to Greece levels..They are headed for bankruptcy..Good luck five star movement..I am sure kicking out migrants will create a prosperous economy..LOL

    https://blogs.wsj.com/economics/2017/12/29/just-four-large-countries-have-a-higher-debt-burden-than-the-u-s/

  31. MASTERMIND on Tue, 10th Jul 2018 9:42 pm 

    Clogg

    Citing a bible site now? You are grasping at straws..And a liar..

    Ask a historian Clogg..I challenge you to put your WW2 theories to the test..

    You won’t because you know its just emotional fantasy..

  32. MASTERMIND on Tue, 10th Jul 2018 9:43 pm 

    Madkat

    Why did your relative tell you to stop emailing her?

    You are a disgrace to your own family..You already lost your wife..Now you are going to lose everybody..

  33. JuanP on Tue, 10th Jul 2018 9:46 pm 

    Delusional Davy “3rd world quit lying. You are a ZH fool.”

    Davy, you have posted more links to articles on ZeroHedge than everyone else together here for years. Are you completely losing your mind? If anyone is a ZH fool, that is you, exceptionalist. I think you should try and focus on just 4 or 5 of your multiple personalities because you are xompletely losing track of who you are.

  34. MASTERMIND on Tue, 10th Jul 2018 9:49 pm 

    Madkat

    Did you tell your relatives that they are being spied on through their cell phones? And that the “Deep State” wants to bring down the US?

    LMFAO!

    I love fucking with stupid old people!

  35. MASTERMIND on Tue, 10th Jul 2018 9:51 pm 

    Madkat

    China’s Silk Road Isn’t So Smooth

    Skeptics’ warnings are beginning to come true.

    https://www.bloomberg.com/view/articles/2018-07-10/china-s-belt-and-road-initiative-has-stalled

    So much for the silk road! The dumb Chinese can’t ever get it right. Too brainwashed by their authoritarian government.

  36. JuanP on Tue, 10th Jul 2018 9:51 pm 

    MM “You are a disgrace to your own family..You already lost your wife..Now you are going to lose everybody..”
    Projecting a little?

  37. Cloggie on Tue, 10th Jul 2018 9:55 pm 

    Italian government now even sends away Italian commercial vessels with unwanted young fighting age male gate crashers:

    http://www.dailymail.co.uk/news/article-5938743/Italy-turns-away-ITALIAN-ship-ports-rescued-migrants.html

    Best rated reader comment:

    “Loving Italy’s new government. Can they please come and govern the U.K.”

    The right-wing revolution is in full swing in Europe.

    Meanwhile in Germany, minister Horst Seehofer is AGAIN putting a ticking time bomb under the Merkel government by presenting his “masterplan” on immigration:

    https://www.dw.com/en/german-interior-minister-presents-his-migration-master-plan/a-44601059

    Essence: the fewer darkies, the better. He knows the coalition partners will not accept this. So why does Seehofer do this? Because of this:

    http://www.pi-news.net/2018/07/forsa-16-emnid-17-insa-175-avanti-afd-spd-hat-fertig/

    In the polls the AfD is going from strength to strength and already is the 2nd party (like already in Holland for instance in parliament). The presidency in the US is a big help here and every rightwinger in Europe loves Putin.

    The old liberal order is in full meltdown. Soon the leftist political 1968 heroes will be hunted down the streets.

  38. Cloggie on Tue, 10th Jul 2018 9:56 pm 

    “I love fucking with stupid people!”

    Just like both your parents, millimind!

  39. Makati1 on Tue, 10th Jul 2018 10:06 pm 

    Too bad his parents didn’t use a condom the night MM was conceived. There would be one less worthless asshole in the world today. ^_^

  40. MASTERMIND on Tue, 10th Jul 2018 10:19 pm 

    Clogg

    And Italy’s debt to GDP ration is around 130%..They are almost up to Greece levels..They are headed for bankruptcy..Good luck five star movement..I am sure kicking out migrants will create a prosperous economy..LOL

    https://blogs.wsj.com/economics/2017/12/29/just-four-large-countries-have-a-higher-debt-burden-than-the-u-s/

    You deny Europe is in a depression..And will have zero growth by 2028 and collapse..

  41. MASTERMIND on Tue, 10th Jul 2018 10:21 pm 

    Clog

    Who gives a shit who is in charge of Europe? You are just rearranging the deck chairs on the titanic..You are going to have an economic collapse soon.

    Do you want me to go to the world bank to cite the actual numbers again?

  42. MASTERMIND on Tue, 10th Jul 2018 10:23 pm 

    Madkat

    Too bad your parents didn’t send you to college..And your family is now ashamed of you..And too bad you couldn’t do good at marriage..

  43. Cloggie on Tue, 10th Jul 2018 10:24 pm 

    Oh and then there is Britain where the entire establishment is on the verge of collapse over Brexit:

    https://www.telegraph.co.uk/women/politics/theresa-may-will-soon-forgotten-never-forgiven/

    The true character of the Brit is on full display again: they are absolutely NOT European, but the remnants of Celtic civilisation, unfortunately for both them and us continentals parked before our coast. From their isles two world wars were initiated against Germany; the first time to protect the preeminence of the British Empire
    (“2nd British Century”), the second time as a stooge for US jewry via Churchill.

    Their brain says: we must have a soft Brexit because of trade, but their heart says: we want nothing to have to do with white Europeans.

    It is very unpredictable how this is going to be played out, but the situation harbors real dynamite and the possibility of total blockades. My gut feeling tells me that closet-Remainer May will not prevail, but I could be wrong.

    Meanwhile the Chinese are visiting Germany and they are trying to woe the Germans into a Eurasian (read: anti-Anglo-Zionist), cooperation. Putin would love it.

    http://www.xinhuanet.com/english/2018-07/11/c_137315218.htm

    Germany’s geopolitical options look brighter than ever before.

  44. Cloggie on Tue, 10th Jul 2018 10:28 pm 

    “Too bad his parents didn’t use a condom the night MM was conceived. There would be one less worthless asshole in the world today. ^_^”

    You are too hard for millimind, he is basically a good lad. It is just that they should have kept the foreskin and thrown away the rest, instead of the other way around.

  45. MASTERMIND on Tue, 10th Jul 2018 10:43 pm 

    Simple really….when the World Economy Collapses everything shuts down…the end… We’re talking about grids down all over the world and 7.5B people dropping like f*** flies in short order. The collapse will be absolutely horrible..There is no collapse or horror movie ever produced that has even come close to imagining what the collapse of BAU might look like. I’m talking about every corporation and every social program going bankrupt at once. I’m talking about people eating people. I’m talking about the Worst Catastrophe to ever happen in the history of mankind. Nothing has ever, or will ever come close..

    https://imgur.com/a/pYxKa

  46. Makati1 on Tue, 10th Jul 2018 11:18 pm 

    Really MM? Grids down all over the world? Why MM? Explain to me why a grid in the PS is going to go down when the US grid goes? Last time I looked there was no connection. It would have to be and electric cord 8,000 miles long.

    You really need to get off the illegal drugs and onto some prescribed by a shrink. You are suicidal and want everyone else to go with you. Well, too bad, it ain’t going to happen like that. Many countries are going to stumble a bit, maybe, but then life will go on as long as the earth can support life.

    Keep in mind that articles written are only OPINION, not FACT. Can you distinguish between the two? It doesn’t seem like it.

  47. Makati1 on Tue, 10th Jul 2018 11:22 pm 

    Thanks for the laugh, Cloggie! lol

  48. MASTERMIND on Wed, 11th Jul 2018 12:12 am 

    Madkat

    How will your grid go down? Your people wont’t be able to get the spare parts to keep it going..Like fuses for example..A grid requires tons of maintenance and without the parts..It will go die..No doubt about it..

  49. Makati1 on Wed, 11th Jul 2018 12:27 am 

    Spare parts? Well, I guess then they will just have to get them from the same source as now, China. After all, it is just a two hour flight away. Or maybe 12 hours by ship. No problem.

    The Ps will go on as usual, MM. But the Us is the one who will need those parts from China and China may not want to trade with a worthless country. You better think about ALL the things YOU need to survive, and where they actually come from, before you point that finger. Read the labels. Even your underwear was likely made in some 3rd world country that will be out of the Us trade loop.

    You ASSUME that China will stop trading when the Us dies? LMAO

  50. Makati1 on Wed, 11th Jul 2018 12:29 am 

    BTW MM: Filipinos are not “my people”. They are friends and business partners that I respect and trust. I am an American of 14 generations but I would trust few Americans with anything valuable or important.

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