Comments on: Oil running out fast http://shareholdersunite.com/2009/11/15/peak-oil-6/?utm_source=rss&utm_medium=rss&utm_campaign=peak-oil-6 Opportunities in smallcaps Tue, 15 May 2012 21:11:29 +0000 hourly 1 http://wordpress.org/?v=3.3.2 By: adminhttp://shareholdersunite.com/2009/11/15/peak-oil-6/comment-page-1/#comment-19614 admin Mon, 16 Nov 2009 15:16:43 +0000 http://shareholdersunite.com/2009/11/15/peak-oil-6/#comment-19614 You have a bit of a point, satchmo. I read a lot on peak-oil, and now we can't even trust the figures of the IEA. I also see how the bondmarket isn't worried the US is going to default anytime soon, and the US public finance figures are bad, but by no means the worst (countries like Japan and Italy have lived with debt levels exceeding GDP for years). But of course, when we'll finally run out of cheap oil, the whole economy will have to adjust.. You have a bit of a point, satchmo. I read a lot on peak-oil, and now we can’t even trust the figures of the IEA. I also see how the bondmarket isn’t worried the US is going to default anytime soon, and the US public finance figures are bad, but by no means the worst (countries like Japan and Italy have lived with debt levels exceeding GDP for years). But of course, when we’ll finally run out of cheap oil, the whole economy will have to adjust..

]]> By: satchmohttp://shareholdersunite.com/2009/11/15/peak-oil-6/comment-page-1/#comment-19589 satchmo Mon, 16 Nov 2009 06:07:05 +0000 http://shareholdersunite.com/2009/11/15/peak-oil-6/#comment-19589 I've learned a lot from you in the last few months and I respect your perspective and balanced analysis. With that said, your knowledge about global energy and its future seems at odds with this previous post, which seems pollyanna-like in dismissing some of the systemic risks posed by our global energy predicament (among other problems):http://shareholdersunite.com/2009/11/07/public-debt/Care to comment and perhaps reconcile the two? I would argue that if there is no supply in energy to allow all of that freshly minted public debt to become genuine economic activity, we are faced with a crossroads in the endless growth paradigm for energy and economies (which are inextricable if not synonymous).What is to fuel a recovery/return from the debt abyss? Perhaps you could bring Keynes back from the dead and ask him to discover cold fusion or tweak the laws of thermodynamics ;-) I’ve learned a lot from you in the last few months and I respect your perspective and balanced analysis. With that said, your knowledge about global energy and its future seems at odds with this previous post, which seems pollyanna-like in dismissing some of the systemic risks posed by our global energy predicament (among other problems):

http://shareholdersunite.com/2009/11/07/public-debt/

Care to comment and perhaps reconcile the two?
I would argue that if there is no supply in energy to allow all of that freshly minted public debt to become genuine economic activity, we are faced with a crossroads in the endless growth paradigm for energy and economies (which are inextricable if not synonymous).

What is to fuel a recovery/return from the debt abyss? Perhaps you could bring Keynes back from the dead and ask him to discover cold fusion or tweak the laws of thermodynamics ;-)

]]>