by Pops » Sun 10 Apr 2011, 20:03:24
This is post-peak.
I mean look around, world oil is north of US$125 because 1% of production is shut-in? The last bottom for crude was what, $80? I assume whatever oil anyone has they are selling – unless they think oil's only going to be more expensive down the road. The only reason WTI is cheaper than Brent is because syncrude is landlocked in Cushing OK (for now). We're cooking corn and mining and steam-cleaned greasy sand to get something to burn.
Need I mention recession, "job" destruction? Currency deflation? Commodity inflation? Asset deflation? Resource wars? Culture wars? Economic class war?
I'm thinking every signpost serious Peakers have guessed we'd see, we've seen (I don't count the poly-doom, slate-wiper fantasize-ers). It may be time for those still speculating on what they'll do someday to consider that some day might be now.
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Peak oil is not an event, it's a condition. One that can't be stocked up for, bugged out from or hedged against. It's more akin to climate than weather, in that you can take temporary shelter from weather but you must learn to live with the climate to be happy.
The most important benefit of cheap oil has been lots of cheap stuff because stuff gives us all "jobs". I think much of that stuff will necessarily go away as commodity costs continue to rise and asset values continue to decline. Assets like savings, homes, stocks, bonds, bass boats, social programs, etc, simply don't have as much value (if any) now that fewer people are buying. Fewer people are making and hauling and selling stuff already, incomes are stagnant and assets have either stagnated (stock market) or outright tanked (home values), we are already well on the way to The Incredible Shrinking Economy.
So yeah, a successful post-peak life is doable. But like thuga says, better think it through and better start soon. The basic premise yesterday was: Get a "Job" - Make a living - Buy stuff.
Tomorrow not so much.
P.S. We're rural though not isolated, I telecommute as a freelance graphic designer, we raise and sell plain-old calves (not miniature-heirloom-designer anything) and garden a little. We live a pretty good life at 50% of the poverty level.
The legitimate object of government, is to do for a community of people, whatever they need to have done, but can not do, at all, or can not, so well do, for themselves -- in their separate, and individual capacities.
-- Abraham Lincoln, Fragment on Government (July 1, 1854)