$this->bbcode_second_pass_quote('BahamasEd', '
')
So I stand by my statement, Oil is not cheap yet, it needs do drop back down into the $20s to clear the market. I think that if the price stays between $45 to $60 then production will continue to out pace consumption
PeakOil is You
Oil Prices Will Never Recover Pt. 3
Re: Oil Prices Will Never Recover Pt. 3
by theluckycountry » Wed 18 Sep 2024, 03:36:15
I think if I held views as stupid as this I would have fled the forum long ago too. Production will always out pace consumption simply because of oil spilt or evaporated along the way lol. Production and demand are the couplet, people in many countries are demanding more oil but they simply can't afford it! So on the surface production and consumption are well balanced but demand is through the roof. As for oil prices never recovering, well they may never go over $100 again. What does the price matter if your nation carries massive debt and can't afford to import what you need for business as usual at any price.
Bahamas?
One out of every 10 Bahamians lives below the poverty line and experiences severe food insecurity. Many accessible foods are less healthy choices and often lead to early signs of hypertension and high blood pressure. A dozen eggs cost $7.50 on average. A lot of expats who fled to the little safe havens in the south are having a rude awakening.
https://www.reddit.com/r/bahamas/commen ... e_bahamas/
--Honestly you go a bit stir crazy. The lifestyle is incredible. But after 6 months or so, you’ve been EVERYWHERE!!!! There’s simply nothing new. Then you start jonesing for the new
--As a Bahamian it really isn't, the beaches are beautiful the food is amazing and the women are top notch lol......... Literally if ur making over 40k per year ur GOOD
--My dad’s been there about 12 years. Basically does the same shit every day and hits all the usual expat bars with the same folks. Very easy to drink too much as there’s not much else to do.
--Lived here for 32 years... It's expensive.
Of course it's expensive! It's a little island with no manufacturing other than straw hats and cane baskets. Why anyone would think these places would be a good place to weather the Peakoil transition is a mystery to me? As the world goes povo you want to be near people who speak your language and with whome you have a lot in common.
We're 17 years past the peak now and the 3rd World is going hungry and dark. We'll be next, we're well on the way in fact.
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Re: Oil Prices Will Never Recover Pt. 3
by AdamB » Wed 18 Sep 2024, 08:57:18
$this->bbcode_second_pass_quote('theluckycountry', '
')I think if I held views as stupid as this I would have fled the forum long ago too.
')I think if I held views as stupid as this I would have fled the forum long ago too.
Oh Dear Lord please let the local neonazi realize he is as stupid as this..please..please...
![[smilie=adora.gif]](https://udev.peakoil.com/forums/images/smilies/adora.gif "adora")
Plant Thu 27 Jul 2023 "Personally I think the IEA is exactly right when they predict peak oil in the 2020s, especially because it matches my own predictions."
Plant Wed 11 Apr 2007 "I think Deffeyes might have nailed it, and we are just past the overall peak in oil production. (Thanksgiving 2005)"
Plant Wed 11 Apr 2007 "I think Deffeyes might have nailed it, and we are just past the overall peak in oil production. (Thanksgiving 2005)"
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Re: Oil Prices Will Never Recover Pt. 3
by theluckycountry » Thu 31 Oct 2024, 08:02:20
A good article on food inflation across the western world.
https://worldcrunch.com/food-travel/inf ... od-culture
https://worldcrunch.com/food-travel/inf ... od-culture
We're 17 years past the peak now and the 3rd World is going hungry and dark. We'll be next, we're well on the way in fact.
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- Posts: 5254
- Joined: Tue 20 Jul 2021, 18:08:48
- Location: Australia
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