asg70 wrote:pstarr wrote:The consumer doesn't want to or can't pay for +~$50/barrel for oil
Patently false statement.
BTW, scroll up in the thread where you claimed in 2010 (7 years ago) that doom hadn't taken a holiday.
pstarr wrote:Don't worry peakers. Doom has not taken a holiday.
That's one of his current memes of doom. Claiming (completely incorrectly) that consumers can't "afford oil products" at current prices -- parroting the ETP doom theme.
Of course, we never get a useful answer, when folks point out that the global economy grew just fine in the 2010-2014 period when the global price for crude oil averaged roughly twice what it is recently. And that the global economy is continuing to grow since then, so how is it that people suddenly can't afford oil when it's now roughly TWICE as affordable?
Apparently there is no end to the doomer enthusiasm for predicting short term economic doom, no matter how often or how long they are proven wrong.
Meanwhile, as a moderate, who just tries to look at the data and extrapolate trends, I'm just happy to see that as usual, we continue to blunder along. At least we see signs of progress (like green energy, even if slower to be adopted than I'd like), even as the ongoing stupidity (i.e. global BAU growth at any cost) continues apace.
Unless and until I see clear signs for several years (not a day or a week) that good things or bad things re the overall system are CLEARLY winning out -- then the data, to me, strongly supports the moderate POV for the next 50 years or so anyway. Why? I'll cite the many lessons of history, and how adaptable humanity is (even if people only adapt when pressured to do so).
Given the track record of the perma-doomer blogs, I wouldn't bet a fast crash doomer's money on their predictions.