[SumYunGai]

$this->bbcode_second_pass_quote('pstarr', '')$this->bbcode_second_pass_quote('SumYunGai', '')$this->bbcode_second_pass_quote('pstarr', 'N')ot because we are socialists, but because the wealthy and powerful don't like chaos around them.

[SumYunGai]

$this->bbcode_second_pass_quote('pstarr', 'G')lobally collapse has been underway for decades, ever since the 1970's when oil/capita peaked.

[Pops]

Actually the only thing that declined since the '70s were wages, productivity has continued to climb and GDP per barrel has continued to fall.

--
On a lighter note, or at least back in the real world where stuff actually happens outside collapse narratives, the bond market dropped a cool trillion this week...
$this->bbcode_second_pass_quote('', 'M')ore than $1.1 trillion was erased from bond holdings around the world this election week to knock their value to $48.1 trillion, according to a Bloomberg analysis of the Bank of America Global Broad Market Index. Bond investors have only lost that kind of money in a week twice in the past two decades, says Bloomberg.

[careinke]

$this->bbcode_second_pass_quote('Pops', 'T')he long-standing ideolized crash a la PO.com and the Tipping Points paper has changed completely. Whatever systemic failure PO might have caused presumes that globalism is a thing, the current trend in isolationism preempts an oil based collapse by crashing the global market preemptively.

gotta get a new paradigm

[shortonoil]

"Because at some point the declining energy return from oil is going to trigger a very rapid, total economic meltdown."

If you mean by fast, the next 5 or 6 years you are probably correct. 2017 is the 80,000 BTU per gallon point; it is where 80,000 BTU of oil's 140,000 is needed to produce the crude and its products. The industry is already showing considerable stress as a result. The petroleum industry accounts directly for 35% of the world's economy. Once that hypothetical 99,400 BTU point is reached the industry will fail.

We have no way of knowing what the distribution of individual producers is, but looking at the ERoEI graph, and the present situation for the industry it is probably fairly tight. It would not be unreasonable to see 10 to 20% of the entire industry collapse in one year. 3.5 to 7.0 % of world GDP disappearing overnight would bring about a depression of unheard of severity. The situation would only grow worse in ensuing years.

The impact on critical infrastructure and supply channels will be devastating, and almost immediate. Somethings will disappear from the selves overnight. For those who will be seduced by promises of a resurrection, do not be swayed. The situation will only continue to worsen. Where this will end is difficult to tell. 1700, 1800, 1929, we don't know. We will know when we get there. In 1800 hundred many parts of the world had not yet been mapped. No matter where we land, we will be heading into an information "black out".

BW

[SumYunGai]

$this->bbcode_second_pass_quote('shortonoil', '[')i]"Because at some point the declining energy return from oil is going to trigger a very rapid, total economic meltdown."

If you mean by fast, the next 5 or 6 years you are probably correct.

[shortonoil]

"Trade-Off --- Financial System Supply-Chain Cross-Contagion: a study in global systemic collapse"

The petroleum industry is now pouring 11.4 quad BTU per year into the economy. Most of that is coming from the depletion of their reserves (they aren't replacing them as they pump them out). That translates to $2.1 trillion per year. I don't think that the economy will collapse until they do.

Of course, when that happens will be anyone's guess. It will probably be when Hess files for bankruptcy or a lot of Saudi Princes are hanging from a light pole on piano wire. Anyway, we will hear all about it.

[SumYunGai]

$this->bbcode_second_pass_quote('shortonoil', '[')i]"Trade-Off --- Financial System Supply-Chain Cross-Contagion: a study in global systemic collapse"

The petroleum industry is now pouring 11.4 quad BTU per year into the economy. Most of that is coming from the depletion of their reserves (they aren't replacing them as they pump them out). That translates to $2.1 trillion per year. I don't think that the economy will collapse until they do.

[Pops]

$this->bbcode_second_pass_quote('careinke', '')$this->bbcode_second_pass_quote('Pops', 'T')he long-standing ideolized crash a la PO.com and the Tipping Points paper has changed completely. Whatever systemic failure PO might have caused presumes that globalism is a thing, the current trend in isolationism preempts an oil based collapse by crashing the global market preemptively.

gotta get a new paradigm

[Pops]

The ETP bullshit needs to stay in the ETP BS thread.

[Tanada]

$this->bbcode_second_pass_quote('Pops', 'A')ctually the only thing that declined since the '70s were wages, productivity has continued to climb and GDP per barrel has continued to fall.

[Pops]

Infrastructure is dependent on taxes, cut taxes and infrastructure crumbles, nothing to do with PO.

[GHung]

$this->bbcode_second_pass_quote('Pops', 'I')nfrastructure is dependent on taxes, cut taxes and infrastructure crumbles, nothing to do with PO.

[Tanada]

$this->bbcode_second_pass_quote('Pops', 'I')nfrastructure is dependent on taxes, cut taxes and infrastructure crumbles, nothing to do with PO.

[Pops]

You'll pardon my confusion, until last tuesday the right was all about balanced budgets and austerity, and freaking out about Obama's deficit spending on things like the infrastructure stimulus spending bill.

now it's borrow away.

We aren't in debt paying the fuel bill, we're borrowing to pay the profiteers

[Tanada]

$this->bbcode_second_pass_quote('Pops', 'Y')ou'll pardon my confusion, until last tuesday the right was all about balanced budgets and austerity, and freaking out about Obama's deficit spending on things like the infrastructure stimulus spending bill.

now it's borrow away.

We aren't in debt paying the fuel bill, we're borrowing to pay the profiteers

[sjn]

T, don't you think repairing/rebuilding fossil fuel orientated infrastructure would be a mis-allocation of resources at this point?

[sjn]

$this->bbcode_second_pass_quote('Pops', 'T')he ETP bullshit needs to stay in the ETP BS thread.

[GHung]

$this->bbcode_second_pass_quote('sjn', 'T'), don't you think repairing/rebuilding fossil fuel orientated infrastructure would be a mis-allocation of resources at this point?