[shortonsense]

$this->bbcode_second_pass_quote('ROCKMAN', ' ')back in the 80’s while the rest of the country was awash in $10 oil we were crippled to near extinction. With 10 years of experience and a master’s in geology I was delivering produce to restaurants.

[ROCKMAN]

I know what you mean short. Even though my current position seems solid you never forget those lean days. Updated my resume and put out a couple of feelers. We cut the 2009 budget from $1.2 billion to less than $700 million in my division. I'm use to the cycle in the oil patch. But it our economic meltdown that troubles me more. Having an idea about what the future was likely bringing I've been minimizing my liabilities for a few years: no credit cards, bought a small house, no money in the stock market, found a girl friend with simple tastes like mine, got a small dog that doesn't eat much, etc. My biggest financial liability right now is an 8 you daughter who wants to be a veterinarian. If it weren’t for that I might retire early. But if I did that I probably wouldn’t be hanging around PO or TOD and chatting with all those interesting folks.

[Pops]

$this->bbcode_second_pass_quote('ROCKMAN', 'h')aving no job to pay for $1.50 gas in the next year or two.

[ROCKMAN]

Great analogy pops. Getting weened of the oil teat would have been tough enough by itself. But, to carry on the analogy, instead of just being hungry our calf is now being surrounded by the economy in wolf's clothing.

[Pops]

$this->bbcode_second_pass_quote('ROCKMAN', 'G')reat analogy pops. Getting weened of the oil teat would have been tough enough by itself. But, to carry on the analogy, instead of just being hungry our calf is now being surrounded by the economy in wolf's clothing.

[ROCKMAN]

I know what you mean pops. I don't mess with such critters often but a couple of years ago I had one kick me into next week. But I'm sure you seen calves and other critters so panicked they stand frozen for just a few seconds too long and pay the ultimate price. It's easy to imagine a lot of 2 legged types standing frozen when facing the danger head on. Like the say...denial ain't just a river in Egypt.

[JustaGirl]

$this->bbcode_second_pass_quote('ki11ercane', 'S')o I understand you JD, oil, once consumed or burned is not replaced by more oil, and unless we wait for the last 2 billion years to repeat itself and replace the oil in the ground that we're extracting, suddenly are no longer "real" factors in the reailty that oil is not renewable and we'll never see it replaced in our earth's crust ever again simply because "the price has tanked."

[Pops]

$this->bbcode_second_pass_quote('ROCKMAN', ' ')...critters so panicked they stand frozen for just a few seconds too long and pay the ultimate price.

[JoeW]

$this->bbcode_second_pass_quote('JohnDenver', ' ')("I told you so" rant deleted)

[kublikhan]

In my opinion, this recession would have happened if we found another 10 Saudi Arabia's worth of oil. We were living on borrowing ever larger amounts of credit, and this trend was doomed to reverse with or without high oil prices. I believe the origins of this economic funk we are in were in the financial sector, not the oil sector.

[mos6507]

$this->bbcode_second_pass_quote('JustaGirl', 'J')D does in fact believe oil is finite & will peak. He just offers another view that peak oil doesn't equal mad max.

[mos6507]

$this->bbcode_second_pass_quote('kublikhan', 'I')f my opinion, this recession would have happened if we found another 10 Saudi Arabia's worth of oil. We were living on borrowing ever larger amounts of credit, and this trend was doomed to reverse with or without high oil prices. I believe the origins of this economic funk we are in were in the financial sector, not the oil sector.

[shortonsense]

$this->bbcode_second_pass_quote('mos6507', '')$this->bbcode_second_pass_quote('JustaGirl', 'J')D does in fact believe oil is finite & will peak. He just offers another view that peak oil doesn't equal mad max.

[Revi]

Peak oil is a background thing, like the environment. Cultures rise and fall on things like peak oil and climate changes. They don't realize that these things are in the background. The US congress didn't do anything aobut the dust bowl until the dust cloud hit the capitol building. They filibustered until the dust hit, and then they voted to do something about it.

Peak oil is like that cloud. It is hard to see, but when it hits you can feel the grit between your teeth. I'll bet the folks down in Atlanta have a new attitude towards gasoline since September when they couldn't get any for a couple of weeks.

We may not see peak oil as shortages, but it's effects will start to become evident.

There is a reason why the big three are going bankrupt. Their products are from a byegone era. An era of cheap and available gasoline. Even if gas is $2 a gallon, it's time is almost over.

I see peak oil as the driver behind a lot of events. It holds the key to understanding what's really going on. There are a lot of other factors as well, but peak oil is the best way of untangling the mess nowadays.

[mos6507]

$this->bbcode_second_pass_quote('shortonsense', 'I')t strikes me that peak oil adherents imply much, much more than the concept of an important natural resource reaching a maximum global production rate.

[Kristen]

$this->bbcode_second_pass_quote('shortonsense', '')$this->bbcode_second_pass_quote('Kristen', 't')he whole point of peak oil us that we have peaked on light crude, so the froth is gone.

[Plantagenet]

$this->bbcode_second_pass_quote('mos6507', ' ')Just saw Bolt over the weekend and there is this scene (spoiler ahead) where the hamster unlocks him from the back of the dog catcher's truck at the exact same time that he's trying to bust it open with his head. So he feels like he actually did it himself. That's the delusion that peak oilers are having right now. It's a case of coincidental timing.

[shortonsense]

$this->bbcode_second_pass_quote('Plantagenet', '
')

Just plunk another yellow bar for the current recession beginning in 2008, right after the highest peak in aggregate cost of oil to the US economy.

[kublikhan]

Of course high commodity prices(including high oil prices) played a part in this economic crisis. But many other factors played a part as well. US subprime crisis, general housing correction, declining dollar, credit crisis, excessive speculation in commodities, etc. Financials are continuing to get worse, as does the economy in general.
Economic Crisis of 2008

[MD]

Peak Oil just took it's first bite is all. Give it time to chew and swallow and it will be right back for an even bigger gnash. Then another...and another.