by jtmorgan61 » Thu 24 Jul 2008, 13:07:24
$this->bbcode_second_pass_quote('benzoil', 'T')here will be a long series of financial crises. The current one will be fairly mild, comparatively. The big one will come in a couple years. I haven't figured out when/how the urban/rural dynamic will play out yet though.
I missed this one last night, but yeah, I agree. I think we might see as good as 1% GDP growth in the U.S. next year as the oil price stabilizes around $120/barrel for a bit and the financial crisis works its way through the system. Of course that growth would be enough to push the oil price through the roof, putting us into another (worse?) recession in the 2010-11 timeframe.
I don't think your average person is going to give up on technological society until after 2015. That means urban life is a good place to make money though 2012 or so. Personally my canary in the coal mine is the urban poor in developing countries with decent government stability (so no, Zimbabwe doesn't count.) The life expectancy is probably going to go down a bit due to increased senior and infant mortality no matter what, but if healthy adults start starving, and the feedback from 2-G biofuel plants is uniformly bad, then it's time to start making bugout plans.
$this->bbcode_second_pass_quote('roccman', 'Y')ou gonna stand in the blast zone...?
For me it is a calculated risk. It's my assessment that if gentler decline rates prevail or non-food biofuel works out there won't be a total collapse. Heck, if both happen we might even see tepid economic growth in the 2020-2030 time frame. I'm young and I don't really have the money to get out easily now. Going rural early would involve abandoning my career just as I'm starting to make useful contributions to my field and would significantly lower my chances of getting married to a suitable partner. I'm also well connected, fit and useful as field labor, and arguably smart enough to stick with any organizations that survive any crash. You better believe I'm trying to figure out how to stockpile more food and water in my tiny apartment, though.
As for the main doomer texts, I don't really want to derail what has been a productive thread too much. I wonder if Monte and Matt Savinar remember the arguments I got into with them a few years ago. After about 20-30 pages each of those discussions pretty much boiled down to the "view of humanity" posted above. (Back in those days there were a lot more believers in the idea of "TPTB" gearing up to kill off the population with oil as an excuse, though.) I never got Monte or Savinar to add up the numbers to produce mass die-off from depletion alone in the 2010-2030 time frame; the conversation would always shift to resource wars, ecological destruction, carrying capacity, limits to growth, etc.