by meemoe_uk » Tue 21 Feb 2012, 11:14:18
$this->bbcode_second_pass_quote('Cloud9', '.')..The rapid mood swings in the markets reveal to me a system that is losing its momentum. The wild swings remind me of a spinning top that is about to fall off of its axis.
'Rapid mood swings of markets' are a feature of money changer manipulation of the markets. They have been a feature of markets long before oil was used. Such swings are not dependant on oil output.
>Peak oil has already been breached. Tar sands, shale and natural gas are different plays.Unconventional oil is oil. Drawing a circle in the sand and declaring any convention outside the circle as not counting is an act of desperation by a peaker who badly wants peak. Conventions come and go for oil extraction and aren't entirely dependant on the old convention being insufficient. i.e. You are allowed to improve a system even if the system isn't about to collapse.
...Each will have its moment in the sun and then it too will peak. If our current colonization efforts stave off the collapse by ten years, does that give you hope? I haven't really considered that. I'm convinced peak is a very long way off, won't matter too much because around 95%-98% of the current economy is entirely disposable, other known energy sources are plentiful for thousands of years, and that there's plenty of potential for new energy sources being discovered.
Do you think our politicians will be distracted from their pet agendas long enough to do the research necessary to formulate a soft landing for us? If you believe that then you have more faith in these venial self serving scoundrels than I do...Politicians don't matter. They are front men & useful idiots for large corporate interests. We don't need to formulate a soft landing. A plan on how the heck we're going to burn all this new oil might be a more useful plan. Just let china and india achieve 1st world economies, that'll use up all the spare stuff till about 2050.