Sys1 wrote:Note that peak oil crisis doesn't mean peak oil itself. But the result is exactly the same : Demand destruction.
Sys1 wrote:oli : You could accuse me beeing pessimistic if our governments were a little bit clever, but as USA or Europe are already very fragile because of massive debts and house bubble, we need not much to see an economy collapse.
With supply not being able to meet growing demand, as well as flexibility falling out of the market, I think what we should expect is a bit of a roller-coaster ride. I don't think we're at the peak just yet though, as it has been traditionally described. Even so, the economical effects may well overlap, to a certain extent, but in my view, the overall increase in price, and its consequences, will not be fully experienced until the flexibility in demand has been completely overcome. Which will take some time.
Sys1 wrote:"Don't forget that world demand contracted by 10% in just a few years time between '79 and '83."
I don't think 10% cut in oil supply will suit well to a world economy now so much dependant with globalization and suburbia...
Sys1 wrote:oli : You could accuse me beeing pessimistic if our governments were a little bit clever, but as USA or Europe are already very fragile because of massive debts and house bubble, we need not much to see an economy collapse.
And many of these PTB are criminal and worthy of jail time, should the rest of the world ever get the wherewithal to seek them out and punish them for their crimes (e.g., Iraq War) against humanity.
shortonoil wrote:Zentric said:
And many of these PTB are criminal and worthy of jail time, should the rest of the world ever get the wherewithal to seek them out and punish them for their crimes (e.g., Iraq War) against humanity.
Where as, the present junta has the propensity and the neccassary audacity to create a catastrophe to bring about a totalitarian state, we must also recognize that the US is a republic of fifty self governing states. These state not only have the ability to govern themselves and successfully negotiate with other states, they also provide the vast majority of services required by their constituents. As the present system begins to dissolve for lack of monetary discipline and sane management, the states will continue to provide government and structure as best they can in the face of the collapsing federal empire. The present upcoming crisis will undoubtedly bring about the downfall of the huge, mostly parasitic and increasingly repressive federal monstrosity.
As the multi-national corporations that now exercise the bulk of national power begin to crumble with the advent of Peak Oil, their bonded and supporting federal and military agencies will also disappear. I do not believe that we will die as a civilization in the face of declining energy availability. I do believe that much of the corruption, deceit and waste that it has supported will disappear with the present plague of criminals that now foster that corruption, deceit and waste. Washington, as the self proclaimed emissary to God will and should die. The American spirit won’t.
Praise Ecotopia!
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