by ralfy » Sat 06 Feb 2016, 22:54:18
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Which reality? That based on peak oil that didn't turn out the way it was hoped for (and I do mean HOPED for, which fits in nicely with the OP), or those who didn't get it right then going for another bite at the apple?
Like right now, one of the silliest investments someone could have made was for, as an example, building a well insulated home, trading their SUV for a econoobox, buying a scooter, etc etc. Of what use is conservation when supplies for our lifetime are assured? Peak oil sold fear, some people like that, and/or just hate people in general, or the consequences of people living, or maybe they just don't like those of color, or immigrants, and peak oil WAS a great way to get rid of undesireables, never figuring it would get them as well.
You refer to ecology quite a bit, which has nothing to do with oil that I can tell, but let us take some ecologist type like Catton, and his famous book. The guy hated immigrants, he tells this entire story online about seeing brown faces in other cars when he was vacationing in Oregon, and at that point in time realized that all those brown folks breeding would be the downfall of humanity. But he probably wasn't think humanity, he was thinking "spoiled american white folks who don't want brown folks becoming legal and cluttering up our cool national parks and monuments". And then this event dovetailed nicely with first a listing of all the techno wonders of man, but now, in his lfietime, they must all stop, because of these breeding brown people.
While no one should judge him based on his racist tendencies, it does beg the question, how much of his "ecology" was really ecology, and how much of it was a rationalization for how he felt about brown people invading his country?
The problem with the claim that oil prices would rise significantly is that it was never considered that most would not be able to afford oil at such prices. That's why when oil prices shot up several years ago, it eventually crashed together with other commodities, shipping, and the global economy as a whole.
But because oil production costs went up because of peak oil, then prices had to go up eventually, and they did. While consumption for the U.S., the EU, and Japan dropped because of financial crises, the rest of the world consumed more because they needed oil to meet various needs.
But the same global economy cannot afford high prices in the long term, which is why there is now the threat of another global financial crisis. This explains why not just oil prices but commodity markets have been faltering, stock markets volatile, and shipping indices falling.
Again, all of these were explained to you carefully in another thread.