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PeakOil is You

PeakOil is You

The time .... has arrived.

Discussions about the economic and financial ramifications of PEAK OIL

Re: The time .... has arrived.

Unread postby Ibon » Thu 15 Aug 2019, 17:40:46

Considering what this site is about may I remind everyone that an extended global recession will result in demand destruction and scale back consumption and CO2 emissions a zillion times more effectively than your most enlightened international climate accord.
Our resiliency resembles an invasive weed. We are the Kudzu Ape
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Re: The time .... has arrived.

Unread postby Sys1 » Fri 16 Aug 2019, 11:54:07

Ibon : On the other hand, a recession prevents countries from shifting from oil intensive energy to renewable. After every recession, oil/gas prices are collapsing and weak economies look after cheap energy to rebuild their sick wallet. We are on the ondulating plateau since 2008, economy stands still with fake growth made of bitcoin/mercato/real estate/tech while standard of living are slowly going south. The ondulating plateau is a curse because we -even on peakoil- look around us and think at first sight that we are still in a business as usual position while the reality is that central banks are lending money quite close from 0% rates for 10 years in order to prevent the house of cards to collapse.
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Re: The time .... has arrived.

Unread postby marmico » Thu 22 Aug 2019, 09:06:04

The July 2019 Conference Board Leading Economic Index ticked up to 112.2, this business cycle all time high.

https://www.conference-board.org/pdf_fr ... 202019.pdf

The time....has not arrived.
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