[RedStateGreen]

$this->bbcode_second_pass_quote('dinopello', '[')url=http://www.youtube.com/watch?v=SwaBjeyEY14]Hircsh maybe should have taken his own advice earlier this year...[/url]

Peak oilers should not be predicting prices since as we see, severe economic disruptions that we know will occur destroy the price. Keep talking about the supply picture going forward. Now *is* the time to be talking about that since with energy prices low, it is the better time to restructure infrastructure for a declining energy budget than during the spike side of disruption.

[eastbay]

$this->bbcode_second_pass_quote('RedStateGreen', 'P')eople already have a sense that something is wrong. They just don't have the terms to link it to.
For example, the decrease in gasoline usage in spite of falling gas prices, that isn't explained by any huge loss of jobs around here.
I don't think people are so stupid that they're going to start riots if they know the truth. It might even stimulate the economy, as people start prepping.

[Plantagenet]

The peak oil crisis caused the financial crisis.

Each spike in gas prices in the late 70s and 80s was followed by a deep recession. The same thing is happening now.

[jamest]

$this->bbcode_second_pass_quote('Plantagenet', 'T')he peak oil crisis caused the financial crisis. Each spike in gas prices in the late 70s and 80s was followed by a deep recession. The same thing is happening now.

[virgincrude]

$this->bbcode_second_pass_quote('Carlhole', 'L')ook, WOman, when you have a lot of money riding on future outcomes,

[Carlhole]

$this->bbcode_second_pass_quote('Plantagenet', 'T')he peak oil crisis caused the financial crisis. Each spike in gas prices in the late 70s and 80s was followed by a deep recession. The same thing is happening now.

[Carlhole]

Meltdown 101: Will the world economic summit help?

$this->bbcode_second_pass_quote('Associated Press', '[')b]Q: What are the key issues?

A: At the top of the agenda is the complex and delicate matter of how to overhaul the regulatory oversight of financial markets. The goal is to avoid the types of housing, credit and financial debacles now threatening to plunge the global economy into a deep recession. Many experts say the global crisis is a result, at least in part, of lax regulation.

"Our first priority must be recovery and repair," said U.S. Treasury Secretary Henry Paulson. "Of course, we must take strong actions to fix our system so that the world does not have to suffer something like this ever again."

The summit "marks a very important step in what will be an ongoing process of recovery and reform," Paulson said.

The crisis erupted in the United States in August of last year as mortgage investments soured with the housing market's collapse, then spread to other countries. Banks and other financial companies suffered huge losses. Foreclosures soared. Troubles then seeped into other areas, crimping auto and student loans and locking up lending for consumers and businesses.

Q: Will there be a breakthrough on a regulatory overhaul?

A: Probably not.

Europeans want broad changes and tighter universal regulations. "We don't want to move from a lack of regulation to too much, but we want to change the financial ground rules," said French President Nicolas Sarkozy.

But with just two months left in office, Bush isn't prepared to go nearly as far as the Europeans want.

"Our aim should not be more government; it should be smarter government," Bush said. "The crisis was not a failure of the free-market system. And the answer is not to try to reinvent that system."

Instead, the Bush administration predicts the leaders will agree on broad principles of reform. These would be intended to guard against future financial crises, promote regulatory cooperation among countries and identify the root causes of the crises.

[eastbay]

It's the dinosaur in the room no one wants to talk about. And if you do happen to mention it, someone, like Hirsch, will tell you to shut up.

[Alnitaka]

I looked for the latest Deffeyes column, and it had a bulletin issued 2008 November 22. Deffeyes quotes Hirsch as saying (in part):

I suggest that the peak oil community minimize its efforts to awaken the world to the near-term dangers of world oil supply. The motivation is simple: By minimizing our efforts in the near term, we may not add fuel to the economic fires that are already burning so fiercely.

End quote.

I think the world should be allowed to know about the peak oil problem.

[DefiledEngine]

Indeed, we must not risk that the economy stops growing, that could actually stop peak oil. Growth forever!

Here's the link ot the article: Link

Here's mr. Simmons thought on the request:$this->bbcode_second_pass_quote('', '�')��This is a very risky time to go silent on a problem far deeper and less fixable than the financial mess,” said Simmons, author of the 2005 peakist bible “Twilight in the Desert,” which cast doubt on Saudi Arabia’s abilities to pump evermore oil. “The current price of oil is as lethal to supply as $10-a-barrel oil was a decade ago when we were all petrified about the permanence of the Asian flu that had killed any growth in oil demand.”

[bratticus]

Dear Peakniks,
Please forget all that stuff about the First Amendment and go back to WW II "Loose Lips Sink Ships".
Sincerely,
Your Fearful Leaders

[cipi604]

We passed the peak. We don't have any more time to prepare. Listen to Hirsch, if you scare the people with the peak oil message you'll be the next witches to be hunted around by a starving half mad population.

[Blacksmith]

The lesson for today is:
There is no peak oil.
Thou shalt not mention peal oil again.
Now go to your seat and stay there.

[bratticus]

$this->bbcode_second_pass_quote('cipi604', 'W')e passed the peak. We don't have any more time to prepare. Listen to Hirsch, if you scare the people with the peak oil message you'll be the next witches to be hunted around by a starving half mad population.

[bratticus]

Besides, if you don't constantly talk about peak oil and local agriculture how else could you potentially become the world's first peak oil martyr which would make peak oil go into orbit around human consciousness?
The media could wreck the story but everyone who had face time with you would know.

[Grifter]

$this->bbcode_second_pass_quote('bratticus', 'B')esides, if you don't constantly talk about peak oil and local agriculture how else could you potentially become the world's first peak oil martyr which would make peak oil go into orbit around human consciousness?

[bratticus]

$this->bbcode_second_pass_quote('Grifter', 'G')roups don't lynch for rational reasons but simply for an emotional outlet.

[hope_full]

I subscribe to a daily "market insight" email from The Daily Reckoning. Today's email from TDR suggests that they did not get the memo about being quiet about peak oil:
$this->bbcode_second_pass_quote('', 'F')or the whole of the 20th century, we soaked up cheap oil to run our cars and heat our houses... light our porches... and power our tractors. Oil gave us plastics. And petrochemicals.

Oil shaped America. It changed us.

More than the Internet. More than the stock market bubble of the 1990s. More than the Japanese bubble of the 1980s. More than the real estate bubble that's just burst under our noses. And that's what makes us so vulnerable to the shock "E-Day" will bring...

America's Dirty Secret: "Hooked on Crude!"
Without oil, America shuts down. Farms close. Hospitals don't open. Streetlights don't burn. Trains and trucks don't run. Planes don't fly.

This isn't some fantastic doomsday scenario. It's just a simple fact.
We burn through nearly 30 billion barrels per year. Even 90% of the chemicals we use for farming, making drugs and making plastics... come from oil. It's a habit we can't quit.

Some of us commute 100 miles per day to and from work. Six billion people. Driving 700 million cars. Every day, each car uses four times more energy in fuel than people need for food. At the airport, a thousand planes a day take off and land, each carrying as much as 24,000 gallons of fuel. Passenger jets alone burn about 1,200 gallons of fuel each hour!

The phones, Internet, televisions, washers, dryers, refrigerators and stereos in our homes... the trucks, trains, planes and ships that deliver food to our supermarkets... our factories, tractors, turbines and compressors...
Hot showers and hot coffee. Fried eggs and bacon. Your daily commute to work. And your commute home to your family in the evening. Air-conditioned skyscrapers and air-conditioned theaters. Late nights reading in bed by lamplight.
Weekend car trips to the beach. Thousands of boxes of cereal on grocery store shelves, fudge-ripple ice cream in the freezers, heaping piles of fruit on the produce rack...
None would exist or arrive without oil.

On average, most food in North America travels 1,300 miles from farm to plate! How else do you get grapefruits in New England and maple syrup in New Mexico? Or salmon in Kansas or pineapples in Wisconsin?
The list goes on. Ambulances, firetrucks and police cars. Hospitals and hospital equipment. Modern dentistry. All need a steady, cheap supply of oil.

[Grifter]

$this->bbcode_second_pass_quote('bratticus', '')$this->bbcode_second_pass_quote('Grifter', 'G')roups don't lynch for rational reasons but simply for an emotional outlet.

[bratticus]

$this->bbcode_second_pass_quote('Grifter', 'I') shut up about it ages ago but thats just me.