[Koyaanisqatsi]

$this->bbcode_second_pass_quote('outcast', '')$this->bbcode_second_pass_quote('', 'W')hen I spoke to Colin Campbell (I'm one of the red lizards, herrings I mean) he told me that he thought the stock markets would crash. Not because of the credit crisis (which hadn't broken out yet, this was sometime in Mars or April 2007) but because he thought we would eventually have an oil crisis which would cause an economic crisis,

[outcast]

So now it doesn't matter? Nice.......

[Starvid]

$this->bbcode_second_pass_quote('outcast', '')$this->bbcode_second_pass_quote('', 'W')hen I spoke to Colin Campbell (I'm one of the red lizards, herrings I mean) he told me that he thought the stock markets would crash. Not because of the credit crisis (which hadn't broken out yet, this was sometime in Mars or April 2007) but because he thought we would eventually have an oil crisis which would cause an economic crisis,

[Koyaanisqatsi]

$this->bbcode_second_pass_quote('outcast', 'S')o now it doesn't matter? Nice.......

[outcast]

No, it's more like the doctor saying you have a bad case of the flu (which could turn into pneumonia if left untreated) but instead you discover you have a massive malignant tumor.

[Koyaanisqatsi]

$this->bbcode_second_pass_quote('outcast', 'N')o, it's more like the doctor saying you have a bad case of the flu (which could turn into pneumonia if left untreated) but instead you discover you have a massive malignant tumor.

[outcast]

No, I'm pointing out a clear flaw in your analogy.

[Koyaanisqatsi]

$this->bbcode_second_pass_quote('outcast', 'N')o, I'm pointing out a clear flaw in your analogy.

[outcast]

Cheap credit & debt was a cancer that was eating away at our financial system and our economy, it was tumor that has been growing and growing. The cancerous mass, that tumor made our economy look much bigger than it really was. Now that the tumor has been removed, we are seeing our economy for what it really was.

According to your analogy the credit crisis just suddenly happened without warning, when it reality it had been building for all these years , right under the nose of your doctor.

[Koyaanisqatsi]

$this->bbcode_second_pass_quote('outcast', 'C')heap credit & debt was a cancer that was eating away at our financial system and our economy, it was tumor that has been growing and growing. The cancerous mass, that tumor made our economy look much bigger than it really was. Now that the tumor has been removed, we are seeing our economy for what it really was.

According to your analogy the credit crisis just suddenly happened without warning, when it reality it had been building for all these years , right under the nose of your doctor.

[sameu]

if oil production is flat for 4 years, this means no real economic growth for four years
which means creating more and more debt, so you can consume more and grow the economy; but it's faken and now it's collapsing

[Starvid]

$this->bbcode_second_pass_quote('sameu', 'i')f oil production is flat for 4 years, this means no real economic growth for four years
which means creating more and more debt, so you can consume more and grow the economy; but it's faken and now it's collapsing

[John_A]

$this->bbcode_second_pass_quote('NevadaGhosts', '[')b]Colin Campbell talks about the coming Great Depression
$this->bbcode_second_pass_quote('', 'T')he scene is set for the Second Great Depression, but the conservatism and outdated mindset of institutional investors, together with the momentum of the massive flows of institutional money they are required to place, may help to diminish the sense of panic that a vision of reality might impose. On the other hand, the very momentum of the flow may cause a greater deluge when the foundations of the dam finally crumble. It is a situation without precedent.

[Plantagenet]

$this->bbcode_second_pass_quote('John_A', '[')b]Colin Campbell talks about the coming Great Depression
The scene is set for the Second Great Depression
On present estimates, [b]the overall peak of all categories of oil arrives in 2006, with that of oil and gas combined coming about two years later.


Some of these old threads really have the FEEL of the fear meme being generated at the time, don't they?

Great Depression! 2006! Peak oil as well!!

[Revi]

He wrote a very interesting book about oil based on his experience in discovery, and made some predictions which turned out to be mostly true. The only thing he wasn't anticipating was fracking and how it has changed things.

[John_A]

$this->bbcode_second_pass_quote('Plantagenet', '
')Looks like Colin Campbell got it just about right.

[John_A]

$this->bbcode_second_pass_quote('Revi', 'H')e wrote a very interesting book about oil based on his experience in discovery, and made some predictions which turned out to be mostly true.

[Plantagenet]

$this->bbcode_second_pass_quote('John_A', 'w')hen he was 18 years old, and fracking had just started in the States..

[John_A]

$this->bbcode_second_pass_quote('Plantagenet', '')$this->bbcode_second_pass_quote('John_A', 'w')hen he was 18 years old, and fracking had just started in the States..

[Plantagenet]

$this->bbcode_second_pass_quote('John_A', '')$this->bbcode_second_pass_quote('Plantagenet', '
')Modern slickwater fracking was only developed in the late 90s in Texas.