Pops wrote:If ever - in my 20 years of reading about PO there was a time to not worry about oil shortages, PO, etc, this would be it. Thankfully.
onlooker wrote:Remember, the admonishments to see peak oil as a economic problem above all.
onlooker wrote:Pops wrote:If ever - in my 20 years of reading about PO there was a time to not worry about oil shortages, PO, etc, this would be it. Thankfully.
Pops, not sure how you reason that.
Outcast_Searcher wrote:onlooker wrote:Pops wrote:If ever - in my 20 years of reading about PO there was a time to not worry about oil shortages, PO, etc, this would be it. Thankfully.
Pops, not sure how you reason that.
And that you would say that, says precisely why you have NO BUSINESS talking about economics. The basics of things like supply and demand are completely beyond you.
Oil demand is going to be DOWN sharply for months. Or perhaps a couple years. In the face of that, there's too much supply, especially with KSA and Russia playing games. Thus the price has plummeted.
The idea that this means we'll soon be running out and have an "energy deficit" is preposterous, even for you.
onlooker wrote:Really! You do realize that the Economy and oil industry mutually depend on each other.
...and eventually collapse.
Pops wrote:onlooker wrote:Really! You do realize that the Economy and oil industry mutually depend on each other.
...and eventually collapse.
LOL, you are so compacted with short's BS you can't put together a post without saying "collapse".
Oil doesn't "depend on the economy" any more than trees or copper do. It is a primary resource, it doesn't depend on anything, it is there for the taking.
Bankrupt every oil producer on Monday and on Tuesday every lease will be owned by someone new—with a lot less debt.
"collapse" the economy for 100 years... the oil's still there!
So, at times you guys argue from the economic standpoint of supply/demand, inflation etc. Then you stand on the purely resource based natural properties argument. And Short and I and few others here have refuted both stances. The oil has different variables that distinguish it. That is why some is light sweet crude and other heavy dirty. We went as is logical first for the easy to get oil. Now with technology we can get and produce the more difficult to access and produce oil. Oil which as many studies have shown requires more energy to access and exploit.
onlooker wrote:thermodynamics will dictate
onlooker wrote:So, at times you guys argue from the economic standpoint of supply/demand, inflation etc. Then you stand on the purely resource based natural properties argument. And Short and I and few others here have refuted both stances.
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