[cartonet]

Those taxi drivers at El Prat airport or the ruthless truck drivers are nothing but animals ( they even burned almost to death a fellow truck driver!) reclaiming a Socialist wellfare system that will subsidize the gas for them! just plain nuts!!!.

I wonder if any of these idiots (same goes for the Spanish fishermen that went on strike recently too) know the futures market exist and there - AT A SMALL FRACTION OF THEIR ACTUAL COST EXPOSURE- they can HEDGE their gas/oil cost exposure!!! So if oil and liquid fuels go up a lot they cover their normal margins, and if (unlikely) oil and/or liquid fuekls go down they only lose that fraction I spoke of (again, unlikely in a roaring bull market for energy).

But of course they were not prepared for this. Spaniards are told everyday the futures market is ripe for the evils of "speculators" ( real funny in a country where a flat in cheesy Sevilla can cost you 5 times the same in a Euro/square meter basis than in Berlin (!) )

Nor was any bank in Spain who could have sold commodity hedge products to actual consumers or producers ( from fuelsto drivers to grains to Agriculture guys ) .

Nor was the Goverment of Spain ( whose Funny Stand Up Commedian Economy(!) Minister Pedro Solbes recently announced a Price for Oil prevision in 2016 of 60 USD / Barrel---ROFLMAO )

And oh.... the real estate bubble burst in Spain as of recent...another case of laissez fair and absolutely no prevision on what could happen..... I ve heard African inmigrants on the radio saying " No one expected this. The "brick" betrayed us! " . OH MY GAWD!!! no one??? fuck NO ONE!. Get a life!!!

I have BETTED on this for long. I m long OIL and oil companies for years. And I shorted the real estate companies in Spain when the bubble forming was WAY too obvious. For Christs Sake! Too easy...

IN MY BOOK:

Part of a sound preparedness on Peak Oil should be INVESTING according to it and making economic progress way beyond the wild inflation I see coming up, if anyone is interested in opening a thread on that I will colaborate, I am really skilled at that.... but that will not give any comfort when the lights will go off...I wont eat off shares, ETFs or bonds!

I want to be very honest on this:

I m making some money right now, but I WOULD PREFER to lose A LOT the next few years and be PROVEN WRONG. I want my 3 year old kid to have a chance to have grandkinds. The way I see things now, I dont think he has any chance...

recent events as exposed in Spain I dont agree are a trial for Peak Oil anyway....that was just some dumb ass disruption...

want to know what has been a Peak Oil trial???

CUBA!


and they survived....with little or no oil.


cheers

[virgincrude]

cartonet, thanks for your input. I'm sure the few Spaniards on this board are delighted to be insulted by you and your overbearing arrogance.

Calling Spaniards idiots, calling Sevilla 'cheesy' shouting at Sub-saharan immigrants for not having kept up with the news on their sattelite TVs, radios, or abundant foreign press during the run up to the housing market collapse, yes, sounds like you're really, really knowledgable.
Capullo.

[grom]

$this->bbcode_second_pass_quote('', 'c')artonet, thanks for your input. I'm sure the few Spaniards on this board are delighted to be insulted by you and your overbearing arrogance.

Calling Spaniards idiots, calling Sevilla 'cheesy' shouting at Sub-saharan immigrants for not having kept up with the news on their sattelite TVs, radios, or abundant foreign press during the run up to the housing market collapse, yes, sounds like you're really, really knowledgable.
Capullo.

[wisconsin_cur]

$this->bbcode_second_pass_quote('virgincrude', 'c')artonet, thanks for your input. I'm sure the few Spaniards on this board are delighted to be insulted by you and your overbearing arrogance.

Calling Spaniards idiots, calling Sevilla 'cheesy' shouting at Sub-saharan immigrants for not having kept up with the news on their sattelite TVs, radios, or abundant foreign press during the run up to the housing market collapse, yes, sounds like you're really, really knowledgable.
Capullo.

[virgincrude]

I have no problem with Spaniards criticizing other Spaniards. Calling desperate fishermen and immigrants stupid because they did not know what cartonet says he knows, is not a criticism: it is an insult.

Ignorance has a cure: knowledge, it's available to all. Stupidity is inborn and often has no remedy.

Las Vegas is cheesy. Sevilla has its tacky tourist trade, but a city with several millenia of history and culture could only be termed ‘cheesy’ by someone severely lacking in intellect and education, or someone trying to impress others by their disdane of another’s culture (or pretending to be ‘above’ their own culture): i.e an insult.

He mentions African immigrants on the radio complaining nobody told them of the imminent housing crisis. What makes him think an African immigrant (who knows whether literate or not) could have any interest or details about a country’s economic outlook? To say how stupid they were, and suggest the get a life is not only ignorant it is callous.

[wisconsin_cur]

$this->bbcode_second_pass_quote('virgincrude', 'I') have no problem with Spaniards criticizing other Spaniards. Calling desperate fishermen and immigrants stupid because they did not know what cartonet says he knows, is not a criticism: it is an insult.

Ignorance has a cure: knowledge, it's available to all. Stupidity is inborn and often has no remedy.

Las Vegas is cheesy. Sevilla has its tacky tourist trade, but a city with several millenia of history and culture could only be termed ‘cheesy’ by someone severely lacking in intellect and education, or someone trying to impress others by their disdane of another’s culture (or pretending to be ‘above’ their own culture): i.e an insult.

He mentions African immigrants on the radio complaining nobody told them of the imminent housing crisis. What makes him think an African immigrant (who knows whether literate or not) could have any interest or details about a country’s economic outlook? To say how stupid they were, and suggest the get a life is not only ignorant it is callous.

[virgincrude]

Sorry Wisconsin, I don't see the relation .....

[SoylentGreen]

I could see fascism re-emerge in Europe.?

[virgincrude]

SoylentGreen: $this->bbcode_second_pass_quote('', 'I') could see fascism re-emerge in Europe.?

[Hartmann]

Fascim again ? i don´t think so, i think that is more about an confidence excess in the market and the power of the economy but the world is like a Titanic at full speed heading directly to the iceberg, and the inertia of the system makes changes very difficult and the "captains" think that it could´t sink.

they continue doing sweet predictions for the future and the endless and continuous grow of the economy, when in reality it can´t continue forever and the collapse can arrive at some point.

[kernull]

$this->bbcode_second_pass_quote('Homesteader', 'T')hanks for the report. Keep us posted.

[Homesteader]

$this->bbcode_second_pass_quote('kernull', '')$this->bbcode_second_pass_quote('Homesteader', 'T')hanks for the report. Keep us posted.

[Karlos4]

The strike is over. There'll be more.
Time to think about what is coming. The price of oil is not going down.
Fascism? I would like to think that in Spain this is not possible anymore. But I guess it all depends of how afraid the people is. Fear -of pooverty, of foreigners- is the gate to fascism.

[kevincarter]

Oh boy, I wish I had discovered this thread some weeks ago, this is great.

I've learned a few things due to this situation.

First, the media. How can I say it? The media has done everything in his hands to make people totally paranoid, in a IT'S GONNA HURT BABY kind of attitude, greatelly exaggerating everything and just looking to sell more newspapers, very professional, as usual.

Second, the people. People were even worst than the media, they all wanted everything to be normal, RIGHT HERE, RIGHT NOW. Don't you talk to them about bicycles, carpooling or food gardens. They want to go to the beach, eat food with lots of fat and enjoy TV and beer, period, end of the story, whatever price has to be paid nobody cares, send the armada, we don't care. I must addmit that the idiotic argument "gas price is up due to speculation money beeing diverted from the housing market to the oil martket" is starting to get on my nerves, that's the only explanation people beleive, when I tell them "there's just no more cheap oil" they look at me as if I was from Mars.

Third, my wife! She's gone from a "Yes honey I believe what you're telling me about PO" to a "let's f***** stockpile all we can and get a gun permit" attitude in a blink, that was FUN. The food garden and the bug out place I've been working on along with my planning look like the greatest of the ideas to her now. ':)'

The country in general. We are not prepared, at all, to face any single threat of the many that are coming. Our politicians are very limited and people in the last 50 years have only experienced things getting better and better, so they all think everything is gonna keep improoving and getting better and better for ever, and that's where they're wrong, and that's why we're gonna be one of the firsts to crash.

I'm expecting price hikes in food starting this month or the next, plus a cut on social stuff by the end of the year, plus a rise in taxes by this fiscal year, plus unemployment, evictions... I could go on and on.

[portuga]

hey cartonet you´re damned right. i´m portuguese, so i´ll just talk about portugal so not to insult any other nationality... the thing here is that we have a socialist state, and for the the last 30 years, politicians have irresponsibily told the people that the state will always provide, just like in the old USSR, they´ve told it so many times that the people actually believed them. some politician did even support roadblocks like the ones we saw...

[cartonet]

portuga, I agree. these goddamn politicians will drive us to the slaughterhouse. I red an article from your Economy Minister on El Pais blaming speculators(!) on Energy price increases. That was just 3 or 4 weeks ago. I still havent recovered from that. In print. Forever. And from a Minister no less!!! I love your country, I´m an addict to visiting Lisbon, but he made you all look like a bunch of... Now on this Madrid Oil conference, our own ahole Miguel Sebastian said something similar to the same tune.... blows my mind!!!

[cartonet]

$this->bbcode_second_pass_quote('virgincrude', 'c')artonet, thanks for your input. I'm sure the few Spaniards on this board are delighted to be insulted by you and your overbearing arrogance.

Calling Spaniards idiots, calling Sevilla 'cheesy' shouting at Sub-saharan immigrants for not having kept up with the news on their sattelite TVs, radios, or abundant foreign press during the run up to the housing market collapse, yes, sounds like you're really, really knowledgable.
Capullo.