Peak Oil
Donate Bitcoin

Donate Paypal


PeakOil is You

PeakOil is You

More insanity from a financial astrologist

Discussions about the economic and financial ramifications of PEAK OIL
Post a reply

More insanity from a financial astrologist

Unread postby killJOY » Sun 03 Apr 2005, 07:27:50

John Mauldin, "registered financial advisor":

$this->bbcode_second_pass_quote('', 'T')he Casandras who predict that the world will run out of energy simply don't get it. Yes, we will eventually see oil production peak and then begin to fall. But it will not be a calamitous over the waterfalls type of event. It will simply be a gradual lessening of production.


John Mauldin, "registered financial advisor," also extols the virtues of ethanol and tar sands:$this->bbcode_second_pass_quote('', 'I')n the future instead of buying oil from OPEC we will grow it in Kansas and mine it in Canada. $100 oil will force market solutions for other energy sources and whole new industries and technologies.


John Mauldin, RFA, quoting his "good friend" Jim Williams:$this->bbcode_second_pass_quote('', '"')Natural gas will become the preeminent fuel of the 21st century. Moving natural gas requires liquefied natural gas (LNG) terminals, special ships, regasification terminals, and lots of pipelines for distribution. As one energy executive put it, 'Supply is not the issue; it is the delivery of gas to the market.' Before this transition occurs, a world-wide infrastructure for natural gas, such as that now enjoyed by oil, must emerge."


http://www.321energy.com/editorials/mau ... 40305.html
Peak oil = comet Kohoutek.
User avatar
killJOY
Intermediate Crude
Intermediate Crude
 
Posts: 2220
Joined: Mon 21 Feb 2005, 04:00:00
Location: ^NNE^
Top

Re: More insanity from a financial astrologist

Unread postby ohanian » Sun 03 Apr 2005, 07:59:34

$this->bbcode_second_pass_quote('', 'T')he Casandras who predict that the world will run out of energy simply don't get it. Yes, we will eventually see oil production peak and then begin to fall. But it will not be a calamitous over the waterfalls type of event. It will simply be a gradual lessening of production.


It will simply be a gradual lessening of production. correct

What he does not tell you is that the share market will not gradually crash. As oil production gradually lessen, the price of oil will shoot up like a rocket and this will cause the share market to enter a recession as profit results drop like a rock due to high energy cost.


John Mauldin, "registered financial advisor," also extols the virtues of ethanol and tar sands:$this->bbcode_second_pass_quote('', 'I')n the future instead of buying oil from OPEC we will grow it in Kansas and mine it in Canada. $100 oil will force market solutions for other energy sources and whole new industries and technologies.


$100 oil will force market forces to come up with other energy sources which would cost $101 per equivalent barrel of oil. Yes, it will NOT be cheap oil substitute. Do not assume other energy sources to be cheap. If other energy sources really cheap then we would be using them today.




$this->bbcode_second_pass_quote('', '"')Natural gas will become the preeminent fuel of the 21st century. Moving natural gas requires liquefied natural gas (LNG) terminals, special ships, regasification terminals, and lots of pipelines for distribution. As one energy executive put it, 'Supply is not the issue; it is the delivery of gas to the market.' Before this transition occurs, a world-wide infrastructure for natural gas, such as that now enjoyed by oil, must emerge."


Natural Gas will peak too, infact the price of Natural Gas has already gone up.
Cheap Natural Gas is history literally.
User avatar
ohanian
Heavy Crude
Heavy Crude
 
Posts: 1553
Joined: Sun 17 Oct 2004, 03:00:00
Top

Unread postby HonestPessimist » Sun 03 Apr 2005, 11:05:47

My friend who's a banker told me that a $100 per barrel is just a massive stroke for the world economy. It will come and it will pass, with proper "medicinal" remedies to alleviate the oil markets. After that, it will goes down to normal sellable oil barrels by the end of year, barring a major disaster or war.
User avatar
HonestPessimist
Coal
Coal
 
Posts: 404
Joined: Fri 25 Feb 2005, 04:00:00
Top

Unread postby killJOY » Sun 03 Apr 2005, 11:35:40

Tell your friend that his analogy, "massive stroke," is hilarious, because little does he realize how true that is:

A massive stroke causes paralysis and death.
Peak oil = comet Kohoutek.
User avatar
killJOY
Intermediate Crude
Intermediate Crude
 
Posts: 2220
Joined: Mon 21 Feb 2005, 04:00:00
Location: ^NNE^
Top

Unread postby Yavicleus » Sun 03 Apr 2005, 13:10:35

$this->bbcode_second_pass_quote('killJOY', 'T')ell your friend that his analogy, "massive stroke," is hilarious, because little does he realize how true that is:

A massive stroke causes paralysis and death.


Yeah, just look at what Terri Shiavo's massive heart attack did to her, because that's about what our economy will be like...
User avatar
Yavicleus
Lignite
Lignite
 
Posts: 330
Joined: Fri 16 Jul 2004, 03:00:00
Top

Unread postby shortonoil » Sun 03 Apr 2005, 13:41:40

At least our "experts" recognize that there is going to be a problem with energy. That's a considerable improvement over their previous, "let's close our eyes and hope it goes away" approach. Let's just hope they start to see light before it goes all the way out!
User avatar
shortonoil
False ETP Prophet
False ETP Prophet
 
Posts: 7132
Joined: Thu 02 Dec 2004, 04:00:00
Location: VA USA
Top

Re: More insanity from a financial astrologist

Unread postby airstrip1 » Sun 03 Apr 2005, 16:05:30

$this->bbcode_second_pass_quote('killJOY', 'J')ohn Mauldin, "registered financial advisor":

$this->bbcode_second_pass_quote('', 'T')he Casandras who predict that the world will run out of energy simply don't get it. Yes, we will eventually see oil production peak and then begin to fall. But it will not be a calamitous over the waterfalls type of event. It will simply be a gradual lessening of production.



Mauldin obviously never studied the Greek classics otherwise he would know that Cassandra's prophecies always came true. Her curse was that she was never believed.

http://www.arthistory.sbc.edu/imageswom ... intro.html


I think many on this forum know the feeling all too well.
User avatar
airstrip1
Lignite
Lignite
 
Posts: 298
Joined: Sun 15 Aug 2004, 03:00:00
Top

Unread postby killJOY » Sun 03 Apr 2005, 16:10:49

$this->bbcode_second_pass_quote('', 'M')auldin obviously never studied the Greek classics otherwise he would know that Cassandra's prophecies always came true. Her curse was that she was never believed.


Thank you for reminding me of that. It's like "peak oil" means we're "running out" and "crying wolf" means "false warning." We're not running out, and this time the wolf is really coming. We're not "pulling legs" like the boy who cried wolf was the first two times.
Peak oil = comet Kohoutek.
User avatar
killJOY
Intermediate Crude
Intermediate Crude
 
Posts: 2220
Joined: Mon 21 Feb 2005, 04:00:00
Location: ^NNE^
Top

Unread postby uNkNowN ElEmEnt » Sun 03 Apr 2005, 16:55:02

Yeah, next he's gonna be telling us its Pandora's box.
User avatar
uNkNowN ElEmEnt
Expert
Expert
 
Posts: 2587
Joined: Sat 04 Dec 2004, 04:00:00
Location: perpetual state of exhaustion
Top
Post a reply

Return to Economics & Finance

Who is online

Users browsing this forum: No registered users and 0 guests



cron