[Newsseeker]

$this->bbcode_second_pass_quote('', 'P')eak Oil is the idea that the world’s oil production will soon reach a peak and then begin to decline. This will have epoch-changing effects on a growing globalised world economy where over 60 per cent of energy demand is met by burning oil and gas, and where 95 per cent of transport is driven by oil.

Over the last couple of years the status of the peak oil idea has been transformed from that of a Chicken Little conspiracy theory to one commanding the public attention of national governments.

The weeks before Easter 2007 were a truly momentous period for the peak oil debate. Highly respected figures in the oil industry, such a energy investment banker Matt Simmons and legendary Texas oilman T.Boone Pickens, abandoned their usually restrained commentary to declare that world oil production was now at its peak and would henceforth fail to meet future demand increases.

[TommyJefferson]

Ha!

Catchy thread title. Good.

[Newsseeker]

$this->bbcode_second_pass_quote('TommyJefferson', 'H')a!

Catchy thread title. Good.

[AFO]

Bloomberg


Forget peak, look at 2007 U.S. 1st Qtr economic growth of less than 1.3%.

We are at recession, and put rising oil price & then put declining housing & auto sector.

Do I smell depression & 10-20% Dow crash for 2008?

[Windmills]

I don't think economic growth will end forever. After TSHTF, dries, turns to dust, and then the dust settles, there will be opportunities for economic growth. We'll go back to expanding our economies like we did in the good ol' days: we attacked and conquered other people. A reversion to slavery could also bring about some growth around the world.

[Eli]

Well slavery depends on your definition.

Slaves were fed and sheltered in exchange for their labor. Not too far past peak the lucky ones will be the people working for food and shelter.

[KhanCEO]

$this->bbcode_second_pass_quote('Eli', 'W')ell slavery depends on your definition.

Slaves were fed and sheltered in exchange for their labor. Not too far past peak the lucky ones will be the people working for food and shelter.

[eXpat]

For the last two weeks that I have been checking the news the future of the economy looks more and more grim:
$this->bbcode_second_pass_quote('', 'J')ust as wages within their economic sector are being deflated; so must the value of their assets be deflated. This has to occur so that new members of their socioeconomic group, those just entering America’s global workforce, can afford to participate; including those living and working here illegally.

What we’re seeing now is just the beginning of a global revaluation; a downward harmonization of American worker’s livelihoods with the livelihoods of the world’s other working people. Furthermore, this state of affairs isn’t going to end any time soon; not until the descending worth (wages and assets) of America’s working classes, meets the ascending worth (wages and assets) of the labor they compete with globally.

[Ludi]

Front page story today on the San Antonio Express News : Housing starts down 25%, houses sitting on the market, up 60%. (I don't have the paper in front of me, those are the numbers I'm remembering)


So, finally, housing is taking a dive in San Antonio, TX, of all places!

[turp182]

The Dow has had its best short term run since 1927, before the Great Depression.

http://money.cnn.com/2007/05/04/markets ... tm?cnn=yes

History rhymes, and so does recession and depression.

The market is euphoric, high on the smell of money.

[whereagles]

$this->bbcode_second_pass_quote('Windmills', 'I') don't think economic growth will end forever. After TSHTF, dries, turns to dust, and then the dust settles, there will be opportunities for economic growth.

[killJOY]

Is this a bad thing? I wonder.

I occasionally lose my sense of dread, think the "end of growth" is the beginning of something new and wonderful.

Then I go into town in my car.

DOOMED!

[erl]

$this->bbcode_second_pass_quote('AFO', 'D')o I smell depression & 10-20% Dow crash for 2008?

[Ludi]

$this->bbcode_second_pass_quote('killJOY', 'I') occasionally lose my sense of dread, think the "end of growth" is the beginning of something new and wonderful.

[billp]

I read on Internet that the Chinese are getting get tired of their about 4% returns on treasuries.

I read that the Chinese are thinking of investing their money in the us stock market instead which, I read, could drive the us stock market DJI to over $36,000.

I only read these things. Not my area of expertise.

Regards

[Pops]

$this->bbcode_second_pass_quote('killJOY', 'T')hen I go into town in my car.

[NEOPO]

<in a hush voice> The password for today is... acerbic

<allows a tossed salad joke to come to his mind but is hesitant to use it>

[PeakOiler]

$this->bbcode_second_pass_quote('NEOPO', '[')i]<in a hush voice> The password for today is... acerbic

<allows a tossed salad joke to come to his mind but is hesitant to use it>

[Tyler_JC]

$this->bbcode_second_pass_quote('billp', 'I') read on Internet that the Chinese are getting get tired of their about 4% returns on treasuries.

I read that the Chinese are thinking of investing their money in the us stock market instead which, I read, could drive the us stock market DJI to over $36,000.

I only read these things. Not my area of expertise.

Regards

[mmasters]

$this->bbcode_second_pass_quote('Tyler_JC', '
')I was not aware that central banks were allowed to invest in the stock market.

Wouldn't that raise serious red flags from US regulators?

If the Bank of America were to invest its deposits in the NASDAQ, someone would surely intervene.