$this->bbcode_second_pass_quote('raisinbran', 'W')hy is it so hard for peak oil die-hards to realize that Oil, the oil market, is only one gear clinking along in the giant system that is the world?
Peak oil is like taking a magnifying glass, focusing in on that one gear, ignoring pretty much everything else like the housing market, the financial system, currency movements and valuations, geopolitical/political considerations, international commerce, food, water (shortages), technology, the environment, etc., and trying to explain how this one gear, single handedly, can meltdown the entire system.
Sure, the gear can screw up and freeze the machine, just like Peak Oil is certainly plausible under certain set of assumptions and circumstances.
But, would you believe that that single gear underlies the ENTIRE operation of the machine? In that respect, the oil market is only one part of the world system.
When I followed peak oil with earnest enthusiasm, I noticed that I didn't really pay attention to anything else. But when I heard about the news of Bear Stearns collapsing, I thought, "well that must be an isolated event, unrelated to peak oil."
If you followed peak oil intensely and have been caught by surprise by the recent financial meltdown, you probably are missing the big picture of what's really going on.
If you do want to know what's really going on, start paying attention to the guy RUNNING the machine.
