[Scooter_Rider]

$this->bbcode_second_pass_quote('Grimnir', 'N')ow Korea's saying they won't dump the dollar after all. Er...what happened?

http://quote.bloomberg.com/apps/news?pid=10000006&sid=apFzN5jrPTQA&refer=home

[maverickdoc]

They already dumped a substantial amount. As long as oil stays high there will be tremendous pressure on others to follow. Although they will not say it out loud. Did you know the heads of central banks form Japan, Korea, china and ASEN meet today in Singapore? Did you know Japan has been a net seller of foreign currencies for the last two months?

both true

[BabyPeanut]

$this->bbcode_second_pass_quote('mgibbons19', 'E')ach spike is interesting of course, but there should be quite a bit of bouncing around for a while. Filtering the news over the last few weeks it does seem that this year may be the year spare capacity drops to 0. 2005 could be interesting that way.

[shortonoil]

BabyPeanut make sure you get that post out before the lights go out!

[mgibbons19]

$this->bbcode_second_pass_quote('BabyPeanut', '')$this->bbcode_second_pass_quote('mgibbons19', 'E')ach spike is interesting of course, but there should be quite a bit of bouncing around for a while. Filtering the news over the last few weeks it does seem that this year may be the year spare capacity drops to 0. 2005 could be interesting that way.

[gg3]

From the USA Today article cited above, re gas shortage in Phoenix:

"...with 67% of the [Phoenix area] workforce commuting alone in their cars for an average of 24.3 minutes, almost everyone is feeling the impact."

In other words, all it would take is a little car pooling and Phoenix would be fine.

But they don't, they just whine about it.

F*** 'em, I say.

[AdamB]

$this->bbcode_second_pass_quote('shortonoil', ' ')We have probably hit peak oil and prices have no way to go but up. The rest of the scenario is rather obvious.

[Cog]

Great find and how soon it went down the memory-hole of bad predictions.

[creedoninmo]

Adam: I have found in my life of 61 years that some of the dumbest people I know never change their minds about anything. Smart people are resilient, adjust, learn and grow wise. Most people in our world have no idea how energy effects their lives and don't want to know. The truth would scare them shitless and they don't want to go there. They don't have the courage. My guess would be that your still somewhat young and I don't know what your education, career, what books you have read are. I think that Short's maximum price function is still on target. What do you Adam B, believe the price of oil will be in 2020; go on, go out on a limb and tell me. How about 2025, 2030.

[creedoninmo]

The Peak Oil and Message Board article on Saudia Arabia and Qatar was quite interesting. I wonder how for the U.S. will go to keep Qatar from moving away from the dollar. It seems that what they call the great game is getting closer to a decision.

[AdamB]

$this->bbcode_second_pass_quote('creedoninmo', 'A')dam: I have found in my life of 61 years that some of the dumbest people I know never change their minds about anything.

[asg70]

The problem with ETP is that its acolytes focus too much on price and not enough on doom. As long as prices remain low or go lower, ETPers can claim that it validates ETP, all the while ignoring that the punch-line of any doomer narrative is, well, doom. Low oil prices don't produce doom for anyone other than badly managed oil companies. Until this magical doom arrives, ETP comes across as nothing but a mental coping mechanism for disaffected peak-oilers. This will last as long as they can continue to fit data to the ETP chart.

There is already a rhetorical shift in focus away from general global doom to oil industry and petro-state doom. Now instead of empty store shelves and zombies we're supposed to worry about the balance sheets of Exxon and the stability of Venezuela and the House of Saud? If we really had followed the Hirsch report or heeded the efforts of Al Gore and 350.org wouldn't we be in the same situation eventually of, if not phasing out oil, doing our darndest to phase it out, and causing all sorts of hassles for big oil and economically monochromatic petro-states? In other words, you can't make an omelette without breaking some eggs.

So the funny thing is that peak-oilers can get so far off-track on their narratives that they can begin to fear-monger about the consequences that would have accompanied a global shift off of oil, something peakers were evangelizing we do back in the mid aughts.

[onlooker]

Asg, you really put your foot in your mouth with this "Low oil prices don't produce doom for anyone other than badly managed oil companies. "
First off the reason that oil prices are low IS doom. This is because not enough net energy is being distributed throughout the Economy leading to very sluggish economic performance , job losses and cashless consumers. Lending is postponing the worse of this but it cannot do so indefinitely. And all this will lead to the demise of the Oil Industry and by association a full fledged economic Depression.

[asg70]

$this->bbcode_second_pass_quote('onlooker', '
')oil prices are low IS doom.

[AgentR11]

$this->bbcode_second_pass_quote('creedoninmo', 'W')hat do you Adam B, believe the price of oil will be in 2020; go on, go out on a limb and tell me. How about 2025, 2030.

[AdamB]

$this->bbcode_second_pass_quote('onlooker', 'A')sg, you really put your foot in your mouth with this "Low oil prices don't produce doom for anyone other than badly managed oil companies. "
First off the reason that oil prices are low IS doom.

[asg70]

$this->bbcode_second_pass_quote('AdamB', '
')you would have been BANNED from this website for suggesting that peak oil meant lower prices, and even lower prices, to the point where the consumer just couldn't STAND it anymore, and drowned in the stuff...thereby causing personal doom?
...
buy into whatever the doomer porn of the day is