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The End of Scarcity

Consumption

77 Comments on "The End of Scarcity"

  1. forbin on Thu, 22nd Mar 2018 7:10 am 

    ” yet human productivity increases all the while and resources remain abundant…”

    is it April 1st already ?

  2. Guistebal on Thu, 22nd Mar 2018 7:29 am 

    What scares me the most is not the limitation of resources and the eventuality of a collapse, but the lack of limit of the stupidity of people thinking there is absolutely no problem.

    Sure, we may discuss and don’t agree of the how, when and how much, but to keep thinking like Jean-Baptiste Say, 215 years ago, and ignoring all we learnt since, gives an idea of how retarded they are.

  3. CAM on Thu, 22nd Mar 2018 7:32 am 

    “Past performance is no guarantee of future results”

  4. JuanP on Thu, 22nd Mar 2018 8:38 am 

    Guistebal “What scares me the most is not the limitation of resources and the eventuality of a collapse, but the lack of limit of the stupidity of people thinking there is absolutely no problem.”
    Thanks for the laugh! My thoughts exactly! I didn’t read this crap. The title and the fact that it was written by the Cato Institute warned me off. It’s good to know that scarcity has ended, though! LOL! Long live eternal infinite abundance!

  5. Sissyfuss on Thu, 22nd Mar 2018 9:14 am 

    From an anthropocentric perspective more people, more ideas, more innovations makes sense then. From a natural world view, oh sh&t!

  6. Antius on Thu, 22nd Mar 2018 9:19 am 

    “Doomsdayers fret as world population grows, yet human productivity increases all the while and resources remain abundant.”

    It’s amazing what can be done with cheap energy. It is equally amazing how quickly things come apart without it.

    Here are two very different predictions for the future of China. One assumes that its economy will be twice the size of the US in another 12 years; the other that it will soon face stagnation and decline and will need to become more and more authoritarian as disappointed citizens stoke the fires of revolution. Given that this is actually happening now and Chinese debt levels are going through the roof, I am more inclined to believe the second.

    https://www.zerohedge.com/news/2018-03-21/china-days-away-killing-petrodollar

    https://www.marketwatch.com/story/chinas-economic-miracle-is-over-2017-03-10

    Ironically, it is possible that both predictions could come true. The Chinese economy could shrink to half its present size and the US could decline even more. The world is now burning its way through 100million barrels of oil per day. At that rate, the world’s 1 trillion barrel oil reserves will be gone in 27 years. And demand is still growing! There is no possibility whatever of non-conventional oil substituting more than a small fraction of the output from these declining reserves.

  7. Outcast_Searcher on Thu, 22nd Mar 2018 9:31 am 

    Not having a rapid die-off thus far is WAY different than being able to claim everything is great.

    Yeah, we’re muddling along, so far, which shows the resiliance of human adaptability to BAU growth.

    But at a HUGE cost, with major, persistent, problems — which grow worse instead of being resolved, BTW.

    AGW, fresh water shortages with declining critical aquifers in many places, pollution in many forms, etc.

    And what good does it do to talk about sustaining 7 billion people when we’re rapidly heading toward 10 to 15 billion or more, depending on which estimate you believe?

    We’ve squeaked by so far. That has a LOT more to do with being lucky than smart as far as planning, policy, or general resource management. And sustainability? Don’t make me laugh.

  8. Outcast_Searcher on Thu, 22nd Mar 2018 9:36 am 

    The mistake doomers make, IMO, is when they insist that the “fast crash”, popcorn watching variety is occurring, next month, next year, etc. When they do that, their predictions are endlessly wrong.

    But if we back up and look at a picture more in line with moderate human time-frames instead of gnat-like time frames, the impossibility of sustained BAU growth without major consequences is still the reality.

    For those in doubt, there’s math.

    For example, how many predictions have we heard that China will collapse “real soon now”, Antius?

    Talking about the next 12 years and quoting the hapless Zerohedge is NOT a receipe for correct predictions.

  9. MASTERMIND on Thu, 22nd Mar 2018 9:40 am 

    Paul Ehrlich: ‘Collapse of civilisation is a near certainty within decades’

    https://www.theguardian.com/cities/2018/mar/22/collapse-civilisation-near-certain-decades-population-bomb-paul-ehrlich

  10. MASTERMIND on Thu, 22nd Mar 2018 9:51 am 

    We have consumed more oil than we have discovered for 34 years straight! If that isn’t scarcity, then what do you call it?

    https://imgur.com/a/OB1w6

    just wait till the oil starts to run out. These rabid right wing think tanks and such will be the first places calling for mass genocide of other humans to save resources for themselves. I mean they already want minorities and poor people to die. Now they will have a logical reason for it.

  11. joe on Thu, 22nd Mar 2018 10:14 am 

    Shit like this gets printed in the same week the white Rhino vanishes and goes extinct. Heads buried firmly in the sand.

  12. Duncan Idaho on Thu, 22nd Mar 2018 10:44 am 

    “Strong economic growth” should be replaced by “Wasteful overconsumption and debt creation”.

    Propaganda is subtle and institutionalized at times.”

  13. Antius on Thu, 22nd Mar 2018 10:58 am 

    ” For those in doubt, there’s math.
    For example, how many predictions have we heard that China will collapse “real soon now”, Antius?
    Talking about the next 12 years and quoting the hapless Zerohedge is NOT a receipe for correct predictions.”

    I don’t disagree. My point is that there are two widely varying opinions from two different sources. The Zerohedge opinion is basically a reprint of someone else’s. I suppose the sensible conclusion is that no one knows exactly how things are going to shape out. But all things considered, it isn’t looking good.

  14. BobInget on Thu, 22nd Mar 2018 11:21 am 

    Must Read;
    seekingalpha.com/article/4158281-gom-production-2017-summary#comments_header

    GOM (Gulf Mexico) in steep decline.
    Details at 11:00

    11:00 PM
    Not coming back.

  15. BobInget on Thu, 22nd Mar 2018 11:22 am 

    https://seekingalpha.com/article/4158281-gom-production-2017-summary#comments_header

    better link

  16. MASTERMIND on Thu, 22nd Mar 2018 11:52 am 

    Paul Ehrilich has been screaming Apocalypse for forty years. The Population bomb even has like form letters in it to send to your congressman (as I recall). It’s like the New World Order for liberals, as far as I’m concerned…

  17. GregT on Thu, 22nd Mar 2018 12:10 pm 

    “Paul Ehrilich has been screaming Apocalypse for forty years.”

    And you’ve been screaming apocalypse for about four months.

    I’d say that Ehrlich has just a little bit more experience than you do MM.

  18. goat1001 on Thu, 22nd Mar 2018 12:13 pm 

    There is plenty of saltwater.

  19. MASTERMIND on Thu, 22nd Mar 2018 1:25 pm 

    Greg

    I have said the same timeline from the start. Within the next decade in line with the limits to growth models…And why are you so obsessed with me all the damn time. all you do is nag me like an old jewish widow! Get a fucking life Grandpa! Cite some sources and make some statements of your own for once in your life. You wont though people who judge others are always fakes! you are even creative enough to think of a clever handle.

  20. MASTERMIND on Thu, 22nd Mar 2018 1:28 pm 

    Greg

    My buddy at forbes is publishing an article tomow morning titled “Is the world sleepwalking into an oil crisis?” and he used tons of my sources. Ones I am sure you have seen a million times but now its going mainstream! LOL MM is winning! I WONT BE OUT DOOMED! EVER!

  21. Pat on Thu, 22nd Mar 2018 1:33 pm 

    the oil soon to become most expensive, valuable, scarce cpmmodity on planet earth. See more and more start hoarding away millions of gallons oil in underground storages. the thing of renewables, solar, wind is just bull shit, highly inefficient, it does not produce energy, power global economy. scare raw materials, mineral for the solar, electric lithium is concentrated in only small corners of planet in limited reserves. already the end of GLOBALISATION, HOW NEW TARIFFS will end global trade. all the effects of declining power of last few black glue of oil. world consumed more oil than what consumed in 150 years. prepare for the end of global economy, oil apocalypse. prepare….

  22. Cloggie on Thu, 22nd Mar 2018 1:57 pm 

    The subject of depletion has been exhausted, if not depleted by now.

    In 30-50 years from now planet earth will have a “solar economy”.

    I know that doomer stories are far more scenic and exiting than this.

    I’m sorry.

  23. Steve on Thu, 22nd Mar 2018 2:07 pm 

    You’re all missing the big picture. With nuclear fusion right around the corner, we can make any element we need, just like the sun. 😉

  24. GregT on Thu, 22nd Mar 2018 2:44 pm 

    “LOL MM is winning! I WONT BE OUT DOOMED! EVER!”

    Again MM, you’re a little late to the game dude.

    US Army colonel: world is sleepwalking to a global energy crisis
    Fri 17 Jan 2014

    https://www.theguardian.com/environment/earth-insight/2014/jan/17/peak-oil-oilandgascompanies

    Ireland sleep walking’ to oil crisis
    Wednesday, November 29, 2006

    https://www.irishexaminer.com/ireland/ireland-sleep-walking-to-oil-crisis-19436.html

    Britain is sleepwalking into an energy crisis

    http://www.thisismoney.co.uk/money/comment/article-2845387/SIMON-WATKINS-Britain-sleepwalking-energy-crisis-risking-electricity-shortages-power-cuts.html

    The Next Crisis: Prepare for Peak Oil
    Feb. 11, 2010

    https://www.wsj.com/articles/SB10001424052748704140104575057260398292350

    Why the Energy Crisis Will Oulast the Credit Crisis
    Saturday, Nov. 15, 2008

    http://content.time.com/time/business/article/0,8599,1859236,00.html

    Sorry to rain on your parade, but the subject has already been flogged to death in the mainstream.

  25. GregT on Thu, 22nd Mar 2018 2:55 pm 

    MM,

    “I have said the same timeline from the start.”

    People being saying the same timeline since before you were born MM.

  26. GregT on Thu, 22nd Mar 2018 2:58 pm 

    ‘Within the next decade in line with the limits to growth models”

    Like I said above, since before you were born. Long before.

  27. MASTERMIND on Thu, 22nd Mar 2018 3:57 pm 

    Pat

    yes that is correct. The problem is there is no way to prepare for the end of the economy and the end of oil. If you want to prepare that is fine and I could care less. But all you are preparing for is a last stand. Without the rule of law in place and a prosperous society. its fight club and you are going to be robbed,beaten, eaten by zombies!

  28. MASTERMIND on Thu, 22nd Mar 2018 4:02 pm 

    Greg

    If I was you I would start chopping wood! Instead of nit picking and trying to talk down to people you don’t even know. And never ever will. I am sure it makes you feel good to be rude to others. Since you have no articles or arguments to prove your intelligence. Why dont you go shave that huge bush down of your wifes? I know how you boomers like them hairy! LOL

  29. GregT on Thu, 22nd Mar 2018 4:03 pm 

    “The problem is there is no way to prepare for the end of the economy and the end of oil. But all you are preparing for is a last stand.”

    All of the material that you have linked to MM, shows at least 6 billion people on Earth by 2050, and at least 2.5 billion by the end of the century.

    I would consider that to be a fairly largish last stand.

  30. GregT on Thu, 22nd Mar 2018 4:06 pm 

    “Instead of nit picking and trying to talk down to people you don’t even know. And never ever will. I am sure it makes you feel good to be rude to others.”

    As has been repeatedly pointed out MM, none of the articles that you continue to link to, come to the same conclusions as you do.

    Stop misrepresenting other peoples’ work.

  31. GregT on Thu, 22nd Mar 2018 4:12 pm 

    And lose the self aggrandizing all caps username. It makes you look like even more of a loser than you already are.

  32. MASTERMIND on Thu, 22nd Mar 2018 4:13 pm 

    Mother of kids traumatized by ‘Doomsday Cult’ pleads for help

    http://kutv.com/news/local/mother-of-kids-traumatized-by-doomsday-cult-pleads-for-help

    See how sick and twisted these preppers really are! They tell children the world is coming to and end so they can have an excuse to rape them!

  33. MASTERMIND on Thu, 22nd Mar 2018 4:17 pm 

    Greg

    Click on my name and look at my reddit page and there is a chart from the book “Scarcity” that is how the collapse will look. And the German army study came to the same conclusion I argued. where else do you think I get my arguments from? I am a man of science unlike you who have zero credibility and zero sources.
    https://imgur.com/a/OB1w6

  34. MASTERMIND on Thu, 22nd Mar 2018 4:17 pm 

    Oops sorry. Now click on my name..

  35. MASTERMIND on Thu, 22nd Mar 2018 4:19 pm 

    Greg

    How are six billion people supposed to survive when every corporation, currency, bank, government, social program, goes bankrupt at once? You tell me since you are so fucking smart and so good at mansplaning!

  36. MASTERMIND on Thu, 22nd Mar 2018 4:23 pm 

    (KUTV)- It’s been months since they were rescued from a dark and remote outpost in southern Utah, but the young children whom police said were caught in the grip of their father’s doomsday cult, still live in fear.

    “They come in my room every night from nightmares,” the mother of the kids, Micha Soble, who was married to John Coltharp, one of two men who made up the leadership of the so-called ‘Knights of the Crystal Blade,’ said.

    (KUTV)- It’s been months since they were rescued from a dark and remote outpost in southern Utah, but the young children whom police said were caught in the grip of their father’s doomsday cult, still live in fear.

    “They come in my room every night from nightmares,” the mother of the kids, Micha Soble, who was married to John Coltharp, one of two men who made up the leadership of the so-called ‘Knights of the Crystal Blade,’ said.

    “Anytime I leave the room, even to go to the bathroom, they’re like, ‘When are you coming back? Where are you going?’”

    ADVERTISING

    Coltharp is accused of monstrous acts, including kidnapping, child bigamy, and swapping young daughters as wives with co-defendant Sam Shaffer.

    “They were put in harm’s way a lot, threatened a lot,” said their mother. “They were told that John was actually God, and he would destroy them if they didn’t do what he said.”

    http://kutv.com/news/local/mother-of-kids-traumatized-by-doomsday-cult-pleads-for-help

    I bet there are children being raped at Gregs doomer village! Why else do they have to be all alone..To hide from their crimes!

  37. Cloggie on Thu, 22nd Mar 2018 4:43 pm 

    And the German army study came to the same conclusion I argued. where else do you think I get my arguments from?

    That Germany Army thingy prompted one of the first posts on my blog:

    https://deepresource.wordpress.com/2012/01/26/german-army/

    That was January 2012.

    That was about the same time I joined this blog after peakoil.nl had closed shop.

    At the time I foolishly believed the German Army, Richard Heinberg, ASPO-2000 and the rest of the doomer freak show.

    The German Army has NEVER repeated its warning.

    Six years ago I believed the same rubbish you are peddling today.

    A lot has happened since:

    – The meteoric rise of fracking.
    – The rapid decline of renewable energy and spectacular growth of offshore wind in Europe.
    – The discovery of virtually endless amounts of coal under the North Sea, something like 30 times the total amount of hydro-carbons burned throughout history.
    – Paris Accords on Climate Change, providing an enormous impetus for the development of renewable energy world-wide, accepted by every government, minus one.
    – Renewable energy has been accepted by a large part of the global population as the way forward. Trump is waging a rear guard fight.

    Your dramatic peak oil story is like a warmed-up corps. You will never be able to bring it back to life again.

  38. MASTERMIND on Thu, 22nd Mar 2018 5:01 pm 

    Uber’s self driving cars have killed people at roughly 25 times the rate of a typical human-driven car

    https://arstechnica.com/cars/2018/03/video-suggests-huge-problems-with-ubers-driverless-car-program/

  39. MASTERMIND on Thu, 22nd Mar 2018 5:05 pm 

    Clogg

    Your blog is laughable! you are a dumbshit idiot! There is tons of gold buried under the ocean too but it cost to fucking much to dig it all up you retard! The spectacular rise of offshore wind! LOL

    Solar and Wind produced less than one percent of total world energy in 2016 – IEA WEO 2017
    https://www.iea.org/publications/freepublications/publication/KeyWorld2017.pdf

    WoW a half a percent! Talk about spectacular!

  40. Cloggie on Thu, 22nd Mar 2018 5:07 pm 

    Uber’s self driving cars have killed people at roughly 25 times the rate of a typical human-driven car

    Classical example of how to lie with statistics.

    There was ONE fatality so far. Expect more to come btw.

    Also expect self-driven cars obey to the rules and behave responsibly.

  41. MASTERMIND on Thu, 22nd Mar 2018 5:08 pm 

    Clogg

    Never able to bring it back again? You wanna make a bet you dumb blowhard? Just wait till you see what I post from Forbes tomw! A real respectable source unlike your blog that you dont allow any comments. Just like the religious videos on Youtube! LOL

    Oil discoveries in 2017 hit all-time low –Houston Chronicle
    https://www.chron.com/business/energy/article/Oil-discoveries-in-2017-hit-all-time-low-12447212.php

    IEA Chief warns of world oil shortages by 2020 as discoveries fall to record lows
    https://www.wsj.com/articles/iea-says-global-oil-discoveries-at-record-low-in-2016-1493244000

    Saudi Arabia’s Energy Minister Warns of World Oil Shortages Ahead
    https://www.wsj.com/articles/saudi-minister-sees-end-of-oil-price-slump-1476870790

    Saudi Aramco CEO sees oil supply shortage coming as investments, discoveries drop
    https://www.reuters.com/article/us-aramco-oil/aramco-ceo-sees-oil-supply-shortage-as-investments-discoveries-drop-idUSKBN19V0KR

    UAE warns of world oil shortages ahead by 2020 due to industry spending cuts
    http://www.arabianindustry.com/oil-gas/news/2016/nov/6/more-spending-cuts-as-uae-predicts-oil-shortages-5531344/

    Halliburton CEO says oil will spike due to oil shortages by 2020 after Industry Cuts
    https://www.bloomberg.com/news/articles/2017-07-12/halliburton-sees-2020-oil-spike-after-industry-cuts-2-trillion

    2020s To Be A Decade of Disorder For Oil
    https://oilprice.com/Energy/Energy-General/2020s-To-Be-A-Decade-of-Disorder-For-Oil.html

    North Dakota Department of Mineral Resources Director “We could have worldwide oil crisis by 2021”
    http://www.kfyrtv.com/content/news/Latest-oil-production-numbers-reveal-modest-drop-also-presents-potential-worldwide-oil-crisis-476721983.html

  42. MASTERMIND on Thu, 22nd Mar 2018 5:11 pm 

    Clogg uber has killed one person and they have driven 2 million miles. The average death rate in America is 1.8 per every 100 million miles driven. That means Uber is killing people at 25 times the rate of human drivers. You are so uneducated and ignorant!

  43. MASTERMIND on Thu, 22nd Mar 2018 5:14 pm 

    Clog

    The IEA, Saudi’s, UAE, HSBC, Citigroup,UBS, Goldman Sachs,Halliburton, Total, Saudi Aramco, are all warning about upcoming peak oil shortages! Looks like you switched sides before the game was over! Dumbshit! Typical dutch retard! Now go sweep your roads in wooden shoes you faggot!

  44. MASTERMIND on Thu, 22nd Mar 2018 5:17 pm 

    Clogg

    Those countries are tiny and they are right by the ocean where its very windy all the time. Think the British open for example! Wind is regional! And solar couldnt stay in business in sunny spain of all places! Just do a google search for Solar power bankrupt! Solar and wind are the biggest scams ever! You have been duped by fake news from nerd websites that are funded by Big Tech! lol

    Solar and Wind produced less than one percent of total world energy in 2016 – IEA WEO 2017
    https://www.iea.org/publications/freepublications/publication/KeyWorld2017.pdf

  45. Cloggie on Thu, 22nd Mar 2018 5:17 pm 

    Now go sweep your roads in wooden shoes you faggot!

    https://www.youtube.com/watch?v=rVkrGJxdhuI

  46. MASTERMIND on Thu, 22nd Mar 2018 5:18 pm 

    UC Davis Peer Reviewed Study: It Will Take 131 Years to Replace Oil with Alternatives (Malyshkina, 2010)
    http://pubs.acs.org/doi/abs/10.1021/es100730q

    University of Chicago Peer Reviewed Study: predicts world economy unlikely to stop relying on fossil fuels (Covert, 2016)
    https://www.aeaweb.org/articles?id=10.1257/jep.30.1.117

    Solar and Wind produced less than one percent of total world energy in 2016 – IEA WEO 2017
    https://www.iea.org/publications/freepublications/publication/KeyWorld2017.pdf

    Fossil Fuel Share of Global Energy since 1990 – BP 2017
    https://imgur.com/k7VecMq

    Renewable energy ‘simply won’t work’: Top Google engineers
    http://www.theregister.co.uk/2014/11/21/renewable_energy_simply_wont_work_google_renewables_engineers/

    Top scientists show why powering US using 100 percent renewable energy is a delusional fantasy
    http://energyskeptic.com/2017/big-fight-21-top-scientists-show-why-jacobson-and-delucchis-renewable-scheme-is-a-delusional-fantasy/

    At this rate, it’s going to take nearly 400 years to transform the energy system
    https://www.technologyreview.com/s/610457/at-this-rate-its-going-to-take-nearly-400-years-to-transform-the-energy-system/

    The Curse of Energy Efficiency
    https://thetyee.ca/Opinion/2018/02/26/Energy-Efficiency-Curse/

    IEA Sees No Peak Oil Demand ‘Any Time Soon’
    https://www.wsj.com/articles/iea-sees-no-peak-oil-demand-any-time-soon-1488816002

  47. MASTERMIND on Thu, 22nd Mar 2018 5:21 pm 

    CLogg

    Great video showing what faggots your people are!

  48. Cloggie on Thu, 22nd Mar 2018 5:38 pm 

    Women can’t be faggots, millikike.

    Regarding Andre Rieux, the world’s #1 classical music showman…

    https://youtu.be/IDaJ7rFg66A

    Rieux in NYC:

    https://youtu.be/V1P2Nbh5YdE

    Hardly a “faggot”.

    Here you have real faggots:

    https://youtu.be/PYuYojyDwN4

    “Gods Chosen People!”

    Hahahahaha!

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