shortonsense said:
$this->bbcode_second_pass_quote('', 'T')hat hysteria was kind of cool....do you think we can get a decent round of Doomerish going again this time, or does the "crying wolf" part of it take some of the fun out of the idea?
PeakOil is You
Peak oil is over but present lows hurt: Jum'ah
Re: Peak oil is over but present lows hurt: Jum'ah
by shortonoil » Sat 29 Nov 2008, 13:10:44
Sure, the world's equity markets have lost $22 trillion in the last six months, the banking system is insolvent, world trade has come to a halt (see BDI) the credit markets have crashed and the $2.6 trillion being pumped into the system by the world's CB is having a zero (if not negative) effect.
Further, the world's property markets are avalanching downward from Dubai to Moscow to NYC. GDP is caving in for every nation on earth, commodity prices have fallen in half this year, and bankruptcies are skyrocketing for individuals and business. Unemployment is becoming endemic world wide.
Basically, we are entering the worst deflationary depression in modern history. This all has to do with fossil fuels' declining energy contribution which is concept that is unconceivable to 99.9% of the mathematically illiterate population.
As the world's shipping fleets are turned into scrap and the selves of stores lay barren, there will be plenty of DOOM to go around. But the fun part is now taking place; suffering fools their absurd, ridiculous denial.
Available Energy
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shortonoil - False ETP Prophet
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Re: Peak oil is over but present lows hurt: Jum'ah
by shortonsense » Sat 29 Nov 2008, 21:13:37
$this->bbcode_second_pass_quote('shortonoil', '[')b]shortonsense said:
$this->bbcode_second_pass_quote('', 'T')hat hysteria was kind of cool....do you think we can get a decent round of Doomerish going again this time, or does the "crying wolf" part of it take some of the fun out of the idea?
$this->bbcode_second_pass_quote('', 'T')hat hysteria was kind of cool....do you think we can get a decent round of Doomerish going again this time, or does the "crying wolf" part of it take some of the fun out of the idea?
Sure, the world's equity markets have lost $22 trillion in the last six months, the banking system is insolvent, world trade has come to a halt (see BDI) the credit markets have crashed and the $2.6 trillion being pumped into the system by the world's CB is having a zero (if not negative) effect.
Ain't recessions a bitch? And my only comment is....what TOOK so long! If us Doomers could see it coming way in advance, ain't it amazing that the silly people running the country missed it? Maybe they aren't as smart as all them degree's might lead someone to believe!
$this->bbcode_second_pass_quote('shortonoil', '
')Basically, we are entering the worst deflationary depression in modern history. This all has to do with fossil fuels' declining energy contribution which is concept that is unconceivable to 99.9% of the mathematically illiterate population.
Well, thats because fossil fuels didn't have near as much to do with it as stupid banking. But you keep that fossil fuel centric view, a decade from now we'll be doing this all over again during the NEXT peak oil that comes down the road.
$this->bbcode_second_pass_quote('shortonoil', '
')As the world's shipping fleets are turned into scrap and the selves of stores lay barren, there will be plenty of DOOM to go around. But the fun part is now taking place; suffering fools their absurd, ridiculous denial.
Well, you gotta admit that denial is pretty easy, since peak oil caused shoddy lending practices a decade ago and gave us back happy motoring!
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