by theluckycountry » Fri 13 Jun 2025, 16:37:08
$this->bbcode_second_pass_quote('AgentR11', 'I')'m not a shill for the status quo, but the status quo IS (by definition) the way things are currently; and we've hit peak, and nothing interesting is really happening, at least with regard to energy use. We're burning coal, oil, and gas just like we have in the past.
Well you and I are, but were well back from the beach so to speak and the tsunami hasn't reached us yet. There are many nation on the beach, of which I've posted on here before, third world ones like Myanmar and Sri Lanka And Bangladesh and Brazil etc etc, that have lost access to the oil they once have and are being plunged into poverty. Then you have all of Western Europe too where the tsunami is just now reaching. That's supply and demand, they lose out so we can continue as before.
But even in the US there are signs, the homeless explosion, the ever greater reliance on debt because people can't afford what they once could. It's all oil related because oil is the master resource that fueled all modern growth in the first place. We're just slowly going back to life as it was before oil is all. But it isn't always a steady decline, there can be big steps down. Many of the issues are framed in terms of finances, "they can't afford it because they have run out of foreign reserves" But where did all the reserves go? Paying for high priced oil and fertilizer that's where.
At $20 a barrel the world was a merry-go-round, now it's a roller-coaster and cars are flying off the track. Our turn will come, but like you say, perhaps not in our lifetime.
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.