Usually when (10s of) millions of people stop consuming because of job loss it takes strain off of the global commodity markets leading to lower prices, at least for a bit. A depression can be a good temporary mitigation of energy limitations. It does not do too much good when you are following price points to fix these problems, though. It especially is a problem when there needs to be a certain price for exploration. Markets never assess and price in how much is in the tank, it is information they do not process and actually, by default, lie to themselves in a childish, I-refuse-to-see-my-limits, fashion. Oil could spike sometime again in the near future unless we deflate some more. I’m expecting more deflation before the price shots up again, which could be years. [/quote]
Ah, gotcha. So I don’t have to sell my SUV if oil prices are coming down. And, bonus – I’ll be able to haul firewood for heat during the depression. First a massive DEflation, then a massive INflation, then a depression (I presume to be followed by social unrest and famine)… I’m just glad somebody knows how this is all going to turn out.
Or is this like Paul Ehrlich (of “The Population Bomb” fame), who made all sorts of widely-accepted (by environmentalists, anyway) claims during the ’60s about a dystopic future resulting from population growth, including a global famine that would result in half the global population dying of starvation and average human life expectancy dropping to 40 years old by the year 2000? He got just about everything completely wrong in terms of effects, but I give the guy credit… he did pick a specific time frame.
Well, as attributed to Yogi Berra, “Predictions are tough; especially about the future.” But I digress…
[quote=Arraya]
Now, here is typical dave seamlessly shifting rationale. First she was a money- grubbing engineer pedaling her alt-energy systems through fear and then changed to a hard core environmentalist hell-bent on bringing down the global financial structure through blogging to save baby seals. Bravo![/quote]
Fair point. I shouldn’t have brought up her livelihood (although I didn’t suggest she was a “money grubber” – those are your words) because most hard core environmentalists are True Believers – that is, they’re not in it for the money. For example, while Al Gore has made untold millions off of his environmental beliefs, I think that’s largely an accident, not some grand design of his (I could be wrong). But like Al Gore (and many others), Ms. Foss’ views will never be altered by any facts presented that are contrary to what she already believes – she’s married to her views ’til death do they part.
[quote=Arraya]
Perception is not reality[/quote]
Is that for your benefit or mine? Or is it that only YOUR reality is the *true* reality while the rest of us are merely perceiving some larger lie? That last question is rhetorical – I know that in your eyes the answer is, “Yes, exactly.”
