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Discussions about the economic and financial ramifications of PEAK OIL

Re: "Demand destruction"? Ha!

Postby Heineken » Sun 14 May 2006, 14:05:20

$this->bbcode_second_pass_quote('PolestaR', '')$this->bbcode_second_pass_quote('Heineken', 'L')et's not forget, too, that world population continues to grow by 200,000 people per day, net of deaths. This outstrips any possible contributions from alternative energy and conservation.


Population growth doesn't necessarily mean peak oil gets here quicker. It's only when that population starts to use more oil that it is a concern. How many years did we go by without China being an oil concern?


Well, it's happening from both ends---both the population is growing and the proportion of the population that visits McDonald's drive-ins is growing. A double-whammy that wipes out gains from alt fuels.
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Re: "Demand destruction"? Ha!

Postby lorenzo » Sun 14 May 2006, 15:25:57

$this->bbcode_second_pass_quote('Heineken', 'L')et's not forget, too, that world population continues to grow by 200,000 people per day, net of deaths. This outstrips any possible contributions from alternative energy and conservation.


Yes, but let's not forget that we only have to be patient for 2 decades. In 2030, humanity will have reached its historic population peak, after which it declines.

So be patient, it's a matter of a few years.

Meanwhile, there's so much progress to make. For example, America can slash its oil consumption by half, merely be being more fuel efficient, cheap sexy 200mpg cars are on their way and will be introduced fairly soon, bioenergy can supply up to anywhere between 25 and 50% of world energy consumption without endangering (the need for increased) food production, etc....

Really, the big fat sign over there on that graph, reading "In 2030, the world's population stops growing and starts to decline", should really work on us like a red piece of cloth works on an excited bull.

I can't wait to celebrate our inventiveness and creativity, and how we will have eradicated most poverty, brought most people a nice standard of living, while having oil to spare... all this is possible. We now have a target - 2030 - and we can plan towards it. We just have to do it.
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Re: "Demand destruction"? Ha!

Postby AirlinePilot » Sun 14 May 2006, 15:34:40

$this->bbcode_second_pass_quote('lorenzo', 'F')or example, America can slash its oil consumption by half, merely be being more fuel efficient, cheap sexy 200mpg cars are on their way and will be introduced fairly soon, bioenergy can supply up to anywhere between 25 and 50% of world energy consumption without endangering (the need for increased) food production, etc....


Lorenzo,

Exactly what kind of drugs do you do before you post? You obviuosly have absolutely no clue as to what is going on here in the states. We are a locomotive running down the track with no brakes. We are a supertanker without a rudder. Changing direction and velocity at this point is too late.

Your out of time and so are we, enjoy these last few years as best you can.

SNAP OUT OF IT!
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Re: "Demand destruction"? Ha!

Postby MonteQuest » Sun 14 May 2006, 15:56:49

$this->bbcode_second_pass_quote('Zardoz', '')$this->bbcode_second_pass_quote('MonteQuest', '{')edited by MQ...do not post entire articles, link to them...see the COC.}


Okay, no problem. The only reason I posted the whole thing is that most L.A. Times stories get moved behind their "archive" paywall after 24 hours. If that happens to this one, can I post more excerpts so that those seeing it for the first time could get the gist of the story?


Yes, if it can't be linked to, you may post all of it.
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Re: "Demand destruction"? Ha!

Postby Zardoz » Sun 14 May 2006, 15:58:36

$this->bbcode_second_pass_quote('lorenzo', '.')..I can't wait to celebrate our inventiveness and creativity, and how we will have eradicated most poverty, brought most people a nice standard of living, while having oil to spare... all this is possible...

$this->bbcode_second_pass_quote('AirlinePilot', 'E')xactly what kind of drugs do you do before you post?

How else can anyone respond?

We're losing you, lorenzo, and you're losing us.
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Re: "Demand destruction"? Ha!

Postby lorenzo » Sun 14 May 2006, 17:06:28

Look, we can point out countless fields of human activity that have only begun to increase efficiency. But to no avail, since you're afraid to face those facts. You think everything is going to end soon, while people with some real knowledge about the world know that many things are only beginning.

Take agriculture. Ignorant people here continuously say we've reached a maximum capacity.

And then Reality knocks at the door in the form of an army of top scientists (they're all on drugs too), which breaks your fantasy into a million pieces.

In this case: if Africa were to use normal fertilizer applications required for crops, it increases its food production by up to 5 times. And sub-Saharan Africa is only using about 10% of its arable land resource. So there's gigantic unused potential both to intensivize and to extensivize.
Africa currently uses no modern techniques in agriculture. If it were to adopt developed world tech and standards, we can produce food for 2 more billion people (just what we need to make it until 2030) AND produce an amount of bioenergy equalling the world's current total primary energy consumption (420 Exajoules).

But you don't know this. You don't want to hear. It's not me saying this, it's the experts in the field and the experts with the satellites saying this. The people who have studied this in a professional manner.


So, I understand that to you, Reality looks like a dangerous drug, and so you prefer to stay away from it. But I will never do this. I'm addicted to facts and to breaking myths. (Have found good ground here).

Current fertilizer use in Africa versus required fertilizer use for crops:
ftp://ftp.fao.org/agl/agll/docs/fertuse.xls > as you can see: Africa currently uses 10% of what is advised for its crops.

In France grain yields have increased 10-fold over the past 3 decades. Africa's agro-production can do the same. The potential is there. I repeat: a 10-fold increase. I don't know if you understand what this means, but it's not really important, as you've already declared everything dead. So solutions to implementing fertilizer distribution strategies in Africa won't come from you. We're not counting on you.

[ If you don't want a spreadsheet, check this page and scroll down:
http://www.fao.org/ag/agl/agll/oldocsp.jsp ]


And no, please don't start about the ludicrous argument that Peak Oil will mean the end of all fertilizer. It's sheer ignorance. The world consumes 190 million tonnes of N (that could be gained from other sources than NG), and 400 million tonnes of non-N fertilizer. Those 190 million tonnes make up a totally insignificant part of the amount of NG that's out there. Moreover, it can entirely be made out of other sources. So don't even start about the ludicrous fertilizer-peakoil argument.


I know this post is an overdose to you, but try it, you might just as well meet Reality, for the first time. Just try it. :twisted:
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Re: "Demand destruction"? Ha!

Postby Armageddon » Sun 14 May 2006, 18:38:22

None of that will matter when cheap , easy and abundant energy is over. 4.00 - 5.00 gas will bankrupt the entire american economy, which will result in the worlds economys being brought down with it. Nothing can replace 30.00 per barell oil. This civilization was created by it. 1 billion to 6.5 billion people was created by, and only by dirt cheap energy. Add that to the huge american debt, and this entire system is almost over. The world cannot keep financing american debt, it is unsustainable.
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Re: "Demand destruction"? Ha!

Postby lorenzo » Sun 14 May 2006, 18:41:16

$this->bbcode_second_pass_quote('armegeddon', 'N')one of that will matter when cheap , easy and abundant energy is over. 4.00 - 5.00 gas will bankrupt the entire american economy, which will result in the worlds economys being brought down with it. Nothing can replace 30.00 per barell oil. This civilization was created by it. 1 billion to 6.5 billion people was created by, and only by dirt cheap energy. Add that to the huge american debt, and this entire system is almost over. The world cannot keep financing american debt, it is unsustainable.


>Two years ago, people here said: US$ 2 a gallon will bankrupt the U.S. economy. The U.S. economy grew by 5%.

>A year ago, people here said: US$ 3 a gallon will wreck the U.S. economy. The U.S. economy is growing by 5%.

>This year, people here say: US$ 4 a gallon will destroy the U.S. economy. I say: the U.S. economy will be growing by 5%.

You have been wrong many times before. What makes you think you will be right with this gamble?
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Re: "Demand destruction"? Ha!

Postby MonteQuest » Sun 14 May 2006, 19:16:05

$this->bbcode_second_pass_quote('lorenzo', ' ')>Two years ago, people here said: US$ 2 a gallon will bankrupt the U.S. economy. The U.S. economy grew by 5%.

>A year ago, people here said: US$ 3 a gallon will wreck the U.S. economy. The U.S. economy is growing by 5%.

>This year, people here say: US$ 4 a gallon will destroy the U.S. economy. I say: the U.S. economy will be growing by 5%.

You have been wrong many times before. What makes you think you will be right with this gamble?


My, but you have a lot to learn about economics. Where did the money come from to offest these increases?

From a growth in real wages?

Hardly...

It came from debt and refi-ATM's of illusionary wealth.

Rising energy costs did destroy the economy.

We just won't admit it yet.
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Re: "Demand destruction"? Ha!

Postby Armageddon » Sun 14 May 2006, 20:28:23

$this->bbcode_second_pass_quote('MonteQuest', '')$this->bbcode_second_pass_quote('lorenzo', ' ')>Two years ago, people here said: US$ 2 a gallon will bankrupt the U.S. economy. The U.S. economy grew by 5%.

>A year ago, people here said: US$ 3 a gallon will wreck the U.S. economy. The U.S. economy is growing by 5%.

>This year, people here say: US$ 4 a gallon will destroy the U.S. economy. I say: the U.S. economy will be growing by 5%.

You have been wrong many times before. What makes you think you will be right with this gamble?


My, but you have a lot to learn about economics. Where did the money come from to offest these increases?

From a growth in real wages?

Hardly...

It came from debt and refi-ATM's of illusionary wealth.

Rising energy costs did destroy the economy.

We just won't admit it yet.


Bingo !
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Re: Emerging Nations Powering Global Economic Boom (LA Times

Postby woodman » Sun 14 May 2006, 20:31:57

Lorenzo, it is hard not to admire your cheerfull optimism and yet I have to see it as naivety. Take a look at history and it will show you the path we are on. Human nature is unlikely to change. We are living in the belly of the beast. We cannot change the beast and I doubt we can change our own nature. Therefore history tells me that we are on a very tough road and though optomism is the fuel that we need to keep going, pessimism may help us to prepare for reality.

In my opinion business as usuall will be the order of the day. TPTB will keep watching their bottom line with little thought for posterity. Just look at the national debt for a clue.
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Global Economic Crash - September 2007

Postby roccman » Thu 24 May 2007, 12:13:25

    What? Sets off Global Primary or Secondary Depression (We can debate that this winter)
    Who? China
    Why? These things are cyclical and to hold them off simply makes them bigger. John Law and the South Seas Bubble will have nothing on us this time.
    When? September 2007 -- this year - four months out
    Where? China first, then globally within a month to 90 days.
    How? Massive crash of investor confidence, market panics, leading to regime change pressure in China.

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Re: Global Economic Crash - September 2007

Postby EndOfGrowth » Thu 24 May 2007, 12:27:34

I think a peak oil induced collapse of the US and UK housing market is more likely to be the trigger of a depression.
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Re: Global Economic Crash - September 2007

Postby clueless » Thu 24 May 2007, 12:36:14

Commodity demand/price/availabilty will trigger the next depression.

I don't believe it will have anything to do with the financial markets, they have allready proven they will simply keep printing and loaning money.
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Re: Global Economic Crash - September 2007

Postby Jack » Thu 24 May 2007, 13:12:21

If you actually believe this, either short the futures or buy index puts. If you believe in the timing and strategy very strongly, then you should borrow money to pursue the idea.

Note that I do not advise you to do this, nor do I recommend it. I merely suggest this is a way one could, in principle, profit from such events if they define both market direction and timing.

Most would agree that such an approach is imprudent at best.
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Re: Global Economic Crash - September 2007

Postby FoxV » Thu 24 May 2007, 15:17:46

$this->bbcode_second_pass_quote('roccman', 'H')ow? Massive crash of investor confidence, market panics, leading to regime change pressure in China

I very much doubt the crash will be investor instigated. Most investors are drinking so much of their own Kool-aid they can't see straight.

Usually it takes an event to trigger a crash. My money is still on a US housing/Mortgage trigger (such as a big fund blowing up); Next would be a hurricane induced gas spike
As for China, money can always be printed to send a stock market to any height. So I doubt the trigger will be in China as they will just paper over any problems in the system (as they are already doing).

I full believe the crash will start in China, but the trigger will be US based. If you look at the Global Economy, the US is the big soar spot at this point.

(A Banking crisis in Spain is also very much on the radar)
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Re: Global Economic Crash - September 2007

Postby Tyler_JC » Thu 24 May 2007, 16:24:05

Why September?

And what is going to cause the collapse of investor confidence?

Just saying that "China" will be to blame isn't enough. China's stock market has a rather low market capitalization compared to the Japanese, European, and American exchanges.

And the spin doctors could easily play off a 25% drop in China's stock market as a correction off of unreasonable P/E ratios. And frankly, it probably would be just a correction from those absurdly high P/E ratios.
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Re: Global Economic Crash - September 2007

Postby AFO » Thu 24 May 2007, 18:22:45

link
Recession in 2007
Stock crash in 2008
Depression 2008-2015
Start cashing your 401K, before it is too late. It's worth paying the penalty now
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Re: Global Economic Crash - September 2007

Postby vision-master » Thu 24 May 2007, 21:37:12

What about 2016 & beyond?
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Re: Global Economic Crash - September 2007

Postby Madpaddy » Thu 24 May 2007, 21:47:40

This is just arse based economics.

If I really knew there would be a crash in September, I would A.) BE A GOD or B.) not tell everyone on an internet forum and position myself to become a millionaire by buying stocks wisely.

I want to start a new thread

"HUMAN SPECIES TO DEVELOP NEW COMBINED SH*T AND P*SS WASTEHOLE BEGINNING 21st JULY 2024 AT 0904HRS"
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