[Ludi]

Not without hardship it won't.

I feel like I need to add "not without hardship" or "in order to avoid hardship" after everything I post on here sometimes.

We'll certainly change the way we live....which will amount to hardship, or what will look to us like hardship.

Reducing consumption = hardship/deprivation

[keehah]

Nice to see Globe and Mail no longer in denial (or lying to readers) regarding Peak Oil. Although they are only starting to talk about it in non-dismissive and truthful concept now while oil is correcting (short term) in price. Maybe they want to release the truth of the concept for the first time (to thier masses) when it will be easier to dismiss/ignore by the masses as oil price has been falling the last week. Once oil goes back up the rag can create the phony 50/50 debate, as with global warming, to ensure we still act (buy buy buy dead-end lifestyle) as if the reality was otherwise and Peak Oil did not exist.

And they are using the previously unprintable words of Peak Oil now. Interested readers can now google up more information.

[shortonoil]

Dezakin said:

$this->bbcode_second_pass_quote('', 'E')nergy at the dawn of the industrial revolution was far more expensive per man-hour than today. Theres no reason to believe that more expensive energy means that infrastructure will be impossible to develop.

[Dezakin]

$this->bbcode_second_pass_quote('shortonoil', '[')b]Dezakin said:

$this->bbcode_second_pass_quote('', 'E')nergy at the dawn of the industrial revolution was far more expensive per man-hour than today. Theres no reason to believe that more expensive energy means that infrastructure will be impossible to develop.

[gg3]

Mark said:

"...also my friends are agents whose living depends on turnover."

By which I assume you mean "real estate agents" and "turnover of the housing stock."

Then you say: "In 200 years we’ve gone from agrarian life to the moon. It’s only my opinion, but I think that is too fast. I believe our technology has outpaced human ability to adjust – which has caused all sorts of deviant behavior we blithely pass off as anomalies’."

In other words, change has gone too fast.

Now make this connection: Turnover of the housing stock requires that people move house, usually to some distance from where they previously lived. That uproots families, and breaks down extended family and community bonds.

You want to talk about change in people's lives, start right there: people moving on average every five years.

---

As for Groppe, on one hand I hope he's right, and on the other hand I seriously doubt it, and on the third hand, 6.5 billion humans on a planet that can support 2 to 2.5, means we are still headed for a dieoff one way or the other.

[oilluber]

anyone have any recent comments by him ??
He has maintained his forecast of about 50 -60 oil with
volatility spikes last OCT.

[oilluber]

he stated recently, had 85 as a target next year for crude.
Experts... please give opinions accounting for macro
factors such as USD devaluation, US recession, china,saudis etc, etc.

Thanks guys, I am not an expert
and would like to hear from the pros on this board.

[copious.abundance]

And Philip Verleger says it's going down to $20.

Nobody has a clue. They're all just WAG's.

[TheDude]

No confusion on where oil price is headed - The Globe and Mail

$this->bbcode_second_pass_quote('', 'M')r. Groppe and his associates spent years laboriously developing their own data to paint a reliable picture of oil flows. Relying heavily on oil import figures (which are more accurate than exports, because governments collect taxes on them), among other sources, they know who is shipping what to where and in what quantities.

Their findings: Actual imports have been as much as 1.25 million to two million barrels a day less than was claimed to have been exported in official stats.

Ignoring unreliable weekly inventory numbers and dismissing claims of oil-filled tankers sitting idle in the Caribbean as largely fanciful, he has concluded that much of what has transpired in the past two-and-a-half years “can be traced to specific changes to the supply-demand balance.”

[TheAntiDoomer]

Deleted per COC 2.1.4

[DantesPeak]

Some people do have a clue. Some here predicted $146 or $148 last year, and turned out be be correct.

Groppe predicted $80 oil this year when it was around $40.

Enjoy low oil prices while you can: guru
Barry Critchley, Financial Post
Published: Saturday, February 07, 2009

http://www.financialpost.com/opinion/st ... 43db9318c8

http://bus.utpb.edu/media/files/sob/Groppe%20PPT.pdf

It's best not to ignore what he says.

[copious.abundance]

It's also good to not ignore what OPEC says about oil prices:

>>> OPEC Braces for Decline in Crude Prices <<<

[oilluber]

excellent posts gentlemen, as always.