Donate Bitcoin

Donate Paypal


PeakOil is You

PeakOil is You

Future scenarios for oil

Discussions about the economic and financial ramifications of PEAK OIL

Future scenarios for oil

Unread postby threadbear » Sun 14 Oct 2007, 22:58:27

Global economic downturn hammers the oil market, crushing demand.

U.S unable to invade Iran, occupies Iraq, and sits on oil reserves.

Oil prices in U.S dollars rise a little, as the dollar plummets, but remain flat, priced in stronger currencies and plummet against gold.

Severe oil depletion doesn't transpire. Nuclear industry takes over, ushered in on a sea of eco sensitivity, after it dusts off it's old scary image and promotes itself as the green alternative. Coal fired electrical plants earn carbon credits by funneling a percentage of their profits into sequestration projects.

What's your scenario?
User avatar
threadbear
Expert
Expert
 
Posts: 7577
Joined: Sat 22 Jan 2005, 04:00:00

Re: Future scenarios for oil

Unread postby perdition79 » Sun 14 Oct 2007, 23:40:22

$this->bbcode_second_pass_quote('threadbear', 'G')lobal economic downturn hammers the oil market, crushing demand.

U.S unable to invade Iran, occupies Iraq, and sits on oil reserves.

Oil prices in U.S dollars rise a little, as the dollar plummets, but remain flat, priced in stronger currencies and plummet against gold.


Those three sound about right. The global economic downturn coupled with the massive petrodollar influx will leave oil companies filthy rich, but with nothing to spend their wealth on, except for foreclosed land and bankrupt retail chains.
http://www.thepeoplescube.com/

"We are building a religion; we are building it bigger. We are widening the corridors and adding more lanes."
Cake - Comfort Eagle
User avatar
perdition79
Tar Sands
Tar Sands
 
Posts: 553
Joined: Fri 21 Apr 2006, 03:00:00
Location: Babylon


Return to Economics & Finance

Who is online

Users browsing this forum: No registered users and 18 guests

cron