by Doly » Mon 06 Dec 2021, 13:07:00
$this->bbcode_second_pass_quote('', 'D')emand peak is just a click-bait story, always was. I think politicians know that talking about a demand peak, green transitions and unicorn farts is better than talk about actual constraints.
I'm not talking about demand peak. Anyway, in economics separating demand from supply is a purely intellectual exercise. You only know for sure how much is being sold and at what price, you simply speculate how much would theoretically be sold at some other theoretical prices.
I'm saying that lots of people have had an opportunity to think about peak oil and make their moves accordingly. This includes people in the IT business developing tech for home office. And that when people see their chance to make their business move, they are likely to fight to consolidate their gains. I'm saying that there may be some small, rather than negligible, truth to the American concept that entrepreneurs looking after their own business can help reduce potential disasters. Not saying that it will be enough to take the brunt of the shock, just saying that it's being attempted.
I agree with you that probably the economy hasn't grown since 2008, and finance people have been mostly doing smoke-and-mirrors to hide this. And oil constraints almost certainly have something to do with the problem.
As for why partisan people have to deny that any of peak oil, etc could be happening, I think you answered your own question. With our current economy, certain topics have become taboo because if too many people joined the dots, a whole lot of economic tricks would straight away stop working. Basically, it's got to the point that the state of the economy depends on the majority of people believing lies. I don't think this can go on for very long, so either somehow a bumpy energy transition is managed (and it looks very bumpy to me, even in a best-case scenario), or it's all going to unravel spectacularly in some very ugly way.