sparky wrote:the peak oil paradigm shift has been widely announced , hardly anyone plugged in the news cycle could have failed to hear about it ,
result ... a shrug of the shoulder and business as usual ,
government mitigation ..a lot of talk and a statistically nonexistent response
The ostriches are doing well
mmasters wrote:My guess is overinvesting in commodities which will lead to controls in or privation of the commodities markets and a bubble in alternative energy stocks.
Pops wrote:mmasters wrote:My guess is overinvesting in commodities which will lead to controls in or privation of the commodities markets and a bubble in alternative energy stocks.
Do you mean "privatization" of the markets? They are private now. Except for where they have already been nationalized.
I expect nationalization to be the end result of public awareness, which is why I think peak oil awareness to be fought tooth and nail by the capitalists.
So far they are winning.
In remarks that raised some eyebrows in the audience, the nation’s top transportation official said this week that there is an “unlimited supply of oil” in parts of the world.
U.S. Transportation Secretary Ray LaHood made that statement Wednesday at Virginia Commonwealth University at the end of a town hall meeting attended by about 75 students, staff, and faculty members.
In the last question of the hour-long meeting, Vicente Gonzalez, a junior majoring in social justice at VCU, asked LaHood about a previous statement he made regarding future standards for automobile efficiency.
“I was wondering,” Gonzalez said, “you said that by 2025, the deal is to have 50 mile-per-gallon [vehicles]?”
“Fifty-four, yeah,” LaHood said.
“Well,” Gonzalez asked, “if we’re expected to exhaust all the world’s oil reserves within the next 25, 30-ish years, then why is gasoline being discussed in these negotiations at all?”
LaHood responded, “There’s an unlimited supply of oil in many countries around the world.”
Gonzalez questioned that, saying, “Unlimited?”
“Absolutely. Absolutely,” LaHood replied. “Now, some of these countries aren’t our friends, others are.”
As the audience chuckled, Gonzalez said, “So you’re saying the supply of gasoline will never end? That it’s unlimited?”
LaHood pointed at Gonzalez and said: “Not in your lifetime. Not in my lifetime. How else do you want me to say it? … We’re not going to run out of gas, we’re not going to run out of oil for a long, long, long time. Many countries have an unlimited supply.”
radon wrote:Recognition of PO -> Perception of higher risks -> greater volatility -> wider spreads -> retail investors kicked out from the markets
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