[deMolay]

So just as the economy recovers if it does, Peak Oil gives it a kick in the guts again. In other words we are on a never ending downward Deconstruction Spiral of Civilization as we know it, the game is over. http://www.thehilltimes.ca/html/cover_index.php?display=story&full_path=/2009/june/15/qa_rubin/&c=1

[shortonoil]

Global warming? NOAA data doesn’t show that happening. It looks like it has been getting cooler in the US for the last few years. But of course, we aren’t going to let a few data points get the way get in the way of a well established religion!

National (Contiguous US) Temperature
September 1885 - 2005

[rangerone314]

$this->bbcode_second_pass_quote('shortonoil', 'G')lobal warming? NOAA data doesn’t show that happening. It looks like it has been getting cooler in the US for the last few years. But of course, we aren’t going to let a few data points get the way get in the way of a well established religion!

National (Contiguous US) Temperature
September 1885 - 2005

[Sixstrings]

$this->bbcode_second_pass_quote('deMolay', 'S')o just as the economy recovers if it does, Peak Oil gives it a kick in the guts again. In other words we are on a never ending downward Deconstruction Spiral of Civilization as we know it, the game is over. http://www.thehilltimes.ca/html/cover_index.php?display=story&full_path=/2009/june/15/qa_rubin/&c=1

[deMolay]

Aside from starting another global warming global cooling war, I like what he says about how we are doomed economically. And how helays that out. I like how he clears away the smokescreen put up about housing etc. causing the crash when we all know that the 147 dollar cost of oil added to everybodys bottomline is the real culprit. Whether you were a worker or a company. The consumers got hit multiple times by the high cost of oil. In all manufactured goods that consumed energy at 147/barrel then passed it on in the price to Joe Sixpack who had to fill up daily weekly to get to their jobs, and heat their homes etc. Peak Oil is the reason and another word the Elite cannot bring themselves to say except in whispers.

[MD]

$this->bbcode_second_pass_quote('', 'S')o why's everybody saying {it was the housing bubble that caused the recessions} then?

"You know why? Because it's a lot easier to think that way. We can always bail out the banks, we can always bail out the Clevelands' subprime mortgage holders, and we can bail out the auto companies. But guess what? There can't be an energy bailout. If triple-digit oil prices is the real cause of this recession, then there's little governments can do because it's not about government, it's about you and I."

[nobodypanic]

triple digit oil within twelve months of the end of the recession?

well i am neither a prophet nor a witch doctor an economist, but i'd say that it's heading towards triple digits now, without any recovery.

[vision-master]

$this->bbcode_second_pass_quote('nobodypanic', 't')riple digit oil within twelve months of the end of the recession?

well i am neither a prophet nor a witch doctor an economist, but i'd say that it's heading towards triple digits now, without any recovery.

[Jotapay]

So can we start panicking and being bonafide Doomers again? Is it time?

[vision-master]

$this->bbcode_second_pass_quote('Jotapay', 'S')o can we start panicking and being bonafide Doomers again? Is it time?

[Ludi]

$this->bbcode_second_pass_quote('shortonoil', 'G')lobal warming? NOAA data doesn’t show that happening. It looks like it has been getting cooler in the US for the last few years. But of course, we aren’t going to let a few data points get the way get in the way of a well established religion!

National (Contiguous US) Temperature
September 1885 - 2005

[vision-master]

That's kind of a geeky post for you.

[shortonoil]

Ludi all you have shown is that global land, ocean temperature has gone through a very mild temperature cycle over the last 120 years of 0.55 degrees C. During the Little Ice age, no more than 700 years ago, temperatures dropped by 6 degrees in a few decades. At the end of the Younger Dryas event (11,700 years ago) temperatures rose 14 degrees F in a century. The history of the planet since the Pleistocene has been one of constant variation. What we are seeing now is hardly much of a deviation from what has been occurring for the last million years.

Without a historical perspective it is meaningless.

Back on topic, the World Bank is predicting world economic activity to fall 3% this year. The IEA is predicting oil demand will fall 2.54mb/d. (I am predicting a little more, 3.9 and 3.2). The world is now swimming in oil. There certainly will not be any supply/demand fundamentals this year to push oil to $100/b. If it does happen it will most likely be driven by the CDS desks at JPM and GS.




AvailableEnergy

[Leutnant]

$this->bbcode_second_pass_quote('deMolay', 'S')o just as the economy recovers if it does, Peak Oil gives it a kick in the guts again. In other words we are on a never ending downward Deconstruction Spiral of Civilization as we know it, the game is over.[/url]

[deMolay]

If oil is $70.00 a barrel in the midst of the Greatest Depression in the last 100 years, what do you think will happen if the economy ever does pick up. I am glad I kept my 1981 VW diesel pick up and my 1968 VW window van. I better get them tuned up.