PeakOil is You
THE Royal Dutch Shell Oil Thread Pt. 2
Re: Shell Abandons Arctic
by Pops » Tue 29 Sep 2015, 13:22:23
$this->bbcode_second_pass_quote('Lore', 'T')he bigger question is will we have the capability 15 -30 years from now to revisit the situation even if we needed to?
I don't think it will be that long.
Depletion doesn't sleep, the sweet spots are being pumped as we speak, because they are sweet.
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)
-- Abraham Lincoln, Fragment on Government (July 1, 1854)
-
Pops - Elite
- Posts: 19746
- Joined: Sat 03 Apr 2004, 04:00:00
- Location: QuikSac for a 6-Pac
Re: Shell Abandons Arctic
by kublikhan » Tue 29 Sep 2015, 13:32:22
$this->bbcode_second_pass_quote('pstarr', 'K')ub, GDP measures bupkis (note*). It includes government debt and so is trillions and trillions overstated.
Oil at $64 saw the implosion of the US and the European economies, propelled the world's poor into oil/food chaos, and left China with a hollowed-out manufacturing base and a still-borne consumer economy. Whereas $20 fueled the great post-WWII economic and population explosion.
The world's poor have seen extreme poverty and hunger rates halve from the era of cheap oil in the 90s. China in particular was a success in pulling millions of people out of extreme poverty and millions more into the middle class.Oil at $64 saw the implosion of the US and the European economies, propelled the world's poor into oil/food chaos, and left China with a hollowed-out manufacturing base and a still-borne consumer economy. Whereas $20 fueled the great post-WWII economic and population explosion.
$this->bbcode_second_pass_quote('', 'R')emarkably, this poverty rate has halved worldwide, from 43% in 1990 to 21% in 2010. Since 2000, the acceleration of growth in developing countries has cut the numbers in extreme poverty outside China by 280m.
$this->bbcode_second_pass_quote('', 'A') World Bank report shows a broad reduction in extreme poverty — and indicates that the global recession, contrary to economists’ expectations, did not increase poverty in the developing world. The report shows that for the first time the proportion of people living in extreme poverty — on less than $1.25 a day — fell in every developing region from 2005 to 2008. And the biggest recession since the Great Depression seems not to have thrown that trend off course.
“This is very good news. There has been broad-based progress in fighting poverty, and accelerating progress. There’s a lot to be happy about.”
$this->bbcode_second_pass_quote('', 'D')ata from the Millennium Development Goals Report 2015 shows that the number of people living in extreme poverty has been cut from 1.9 billion to 836 million, with most of that reduction coming after the year 2000.
When it comes to hunger, the proportion of undernourished people in the developing regions has fallen in line with the extreme poverty figures – down from 23.3% in 1990–1992 to 12.9% in 2014–2016.
$this->bbcode_second_pass_quote('', 'T')he increase in average incomes and the fall in levels of absolute poverty, in particular during the last decade, suggest that an increasing proportion of the world’s population is neither rich nor poor by national standards but finds itself in the middle of the income distribution.
In 2009 the middle class included 1.8 billion people accounting for the highest number of people belonging to this group. This expansion continues. The size of the “global middle class” will increase from 1.8 billion in 2009 to 3.2 billion by 2020 and 4.9 billion by 2030.
$this->bbcode_second_pass_quote('', 'T')he United Nations describes it as a historic shift not seen for 150 years. The new global middle class in China, India and Brazil have propelled their economies to equal the size of the industrialised G7 countries. By 2050, they are forecast to account for nearly half of world output, far surpassing the G7. One of the most remarkable feats in the world has been the lifting of about a billion people out of abject poverty.
$this->bbcode_second_pass_quote('', 'F')rom 2001 to 2011, the share of Chinese who are middle income jumped from 3% to 18%. According to International Monetary Fund data, China is now the world’s largest economy, producing 16% of all goods and services. From 2001 to 2011, the poverty rate in China fell from 41% to 12% and the poverty rate in India dropped from 35% to 20%. That moved 356 million Chinese and 133 million Indians out of poverty, or 489 million people in total.
