by DoomersUnite » Sat 06 Nov 2010, 10:42:22
$this->bbcode_second_pass_quote('Sixstrings', '
')But slowly, gradually, things are falling apart. Like the frog in the boiling water that doesn't notice cuz it's so gradual.
In part thats because the definition of "falling apart" has changed. Back in the old days, it was assumed that peak oil would force certain issues, lack of fuels would cause prioritization of use, hitting regular consumers with rationing, shortages, skyrocketing prices from which there was no escape, the downfall of sports which relied on fuel, travel which relied on fuel, etc etc.
Then peak oil happened, those things didn't happen, and the consequences of peak were reconfigured to look like....an economic recession. Which had the convenience of hindsight( recession started 2 quarters before the 2008 price spike), but unfortunately an obvious cause which didn't happen to be peak oil. But we hope people don't notice that one, right?
So now, as we continue to grind our way through the arduous task of working off several bubbles here in the US, any little piece can be localized on and claimed as a peak oil effect. The recent QE for example, leads straight to a lower standard of living for some as their paychecks do not keep up with the price inflation of imported goods or commodities, effectively deflating the value of the excessive debt. And a problem for those companies which cannot raise prices, they get hit in the margin. Some will go out of business. And none of this is a surprise, or a consequence of peak oil.