Peak Oil driven economic collapse, What's next?
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Well we have tested in July 2008 that 150$ was not so much of a problem. I'm very curious what we will see in July 2010.
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Printing money and raises taxes has never pulled an economy out of a recession.
Jacobrester 1 year ago
@Jacobrester Maybe it was not tried by the right people...
bigcollapso 1 year ago
I agree, although I believe we are probably a decade away from any "permanent" production decline many people fail to grasp the relationship between affordable energy and economic growth. I define "peak oil" as the time when demand permanently out paces supply and it can be stronlgly argued that we hit that peak in 2004 regardless of any future supply increase. At the end of the day price is all that matters. Who's gonna care about $200 oil if they dont have a job to drive too... nuff said;-)
johnTconover 2 years ago
When it is obvious that we are in terminal decline, financial types will still blame it on financial "events". Tough for us techies to watch but almost certainly true.
bigcollapso 2 years ago
You watch FOX Noose, your analogy over simplifies these vary complicated issues and your ignoring or unaware of self-evident, though unpopular factors involved.
WAX1138 2 years ago
I don't watch FOX Noose.
Bring it on, complication and all. Lets discuss.
bigcollapso 2 years ago