Falling EROEI = Falling prices (deflation)
StarvingLion wrote:Below is The Worldwide Headquarters of The "Federal" "Reserve" in 2025. These worthless sacks of shit will indeed discover The Technological Singularity by being squashed like a Bug from Dropping EROEI between 2020-2025. Bye Bye Vermin!
You promise? Right, 2025 locked in. I remember back in 2004 that a whole bunch of peak oil doomers from Mike Stasse's (Australian) Running on Empty Australia Yahoo email group that we'd be in Mad Max by now, that I should get my family out of Sydney ASAP because it was all coming down this decade. Here we are in 2019. Still here.
shortonoil wrote:World GDP growth stopped at an ERoEI of 9.6:1, which occurred in 2012. It is now all about central banks printing counterfeit money which allows for the consumption of existing assets. Without growth there will soon be no debt based monetary system, which means no one will be building 3 billion EV to replace the existing 3 billion oil powered ICE. Going from point A, to point C, by skipping point B is an illusion.
The global economy has kept growing. It's growing slower than it was, but as you know 3% on 3% on 3% on 3% soon adds up.
Liar. What did I tell you about doing math yourself? You will make yourself look like an idiot. Go with what the world bank ACTUALLY SAYS:shortonoil wrote:The world economy is NOT growing at 3%. Since 2014 it has grown at 0.39%. That is essentially no growth, which means that there is not enough economic activity to service the existing $247 trillion in world debt. The end result will be a collapse it the present debt based monetary system. Some put that in 2024 when all sales of US government bonds will go to paying the interest on its existing debt. Growth is not going to reappear because the energy is not there to power it; the the world is now at Peak Oil. Hiding one's head in the sand will only mean that they will be sucking a lot of dirt in the very near future. It is kind of interesting how they put "world" right over the top of the recent data.
http://data.worldbank.org/indicator/NY.GDP.MKTP.CD
http://www.worldbank.org/en/publication ... -prospectsGlobal growth is expected to slow to 2.9 percent in 2019.
Liar. What did I tell you about doing math yourself? You will make yourself look like an idiot. Go with what the world bank ACTUALLY SAYS:
What an idiot you are. Can't even subtract two numbers and divide by a third. The world's IQ is going down, and we are fortanute to have you around to demonstrate just how much it has declined. Being called a liar by a brain dead zombie is not something to loose much sleep over.
shortonoil wrote:Liar. What did I tell you about doing math yourself? You will make yourself look like an idiot. Go with what the world bank ACTUALLY SAYS:
http://data.worldbank.org/indicator/NY.GDP.MKTP.CD
2017 80.738
2014 79.18
80.738 - 79.18/4 = 0.39%
The US Post Office is saying that it will be bankrupt by 2024.
The US government will no longer be able to borrow enough to pay the interest on its debt by 2024.
The world will have burned through 94% of its extractable petroleum reserves by 2024.
Stock up on high blood pressure medicine, it is going to be worth a kings ransom by then. Make sure that it has a long self life, most of them turn very toxic after about a year. Lisinopril-HCTZ will last about 5 years if kept in a cool dry environment, and it works for most people.
Our entire civilization was built on oil, and that is soon coming to an end.
It is based on technology that has grown so immensely complicated that when it begins to break down there will not be anyone around to fix it.
10% of US automobiles are already being run by a computer (ECM) that can not be replaced or repaired.
Boeing is having difficulty building a plane that doesn't fly itself into the ground.
Our GPS system that runs everything is daily drifting further and further out of sync.
Prepare for an 1880's life style, because that is where we are fast headed.
GPS positional accuracy has increased yearly since the first Satellite was launched. We build roads and bridges using survey grade GPS, something unheard of just 15 years ago.
shortonoil wrote:GPS positional accuracy has increased yearly since the first Satellite was launched. We build roads and bridges using survey grade GPS, something unheard of just 15 years ago.
As usual this idiot doesn't have a clue as to what is going on. Where did you read that, CNN, or Fox? The last three replacement satellites that where being sent up to replace existing and deteriorating systems blew up on the launch pad. The weakening of the Earth's magnetic field is making calibration an increasing difficult operation. The Earth's magnetic north pole is moving south by over 50 miles a year, and the magnetic field strength is falling by several percent per year. Peak Oil is not our only bad news. There is no law that bad news has to show up one item at a time. Then there is the little problem with an insurmountable debt burden.
https://www.researchgate.net/publicatio ... ic_Bubbles
onlooker wrote:https://srsroccoreport.com/global-economic-growth-in-serious-trouble-when-u-s-shale-oil-peaks-declines/
Global Economic Growth In Serious Trouble When U.S. Shale Oil Peaks & Declines
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