Tilted Forum Project Discussion Community - View Single Post - an alternate view of the current economic crisis

mike3 · 07-15-2009, 09:56 PM

I'm not sure if we'll be out of this one easy either, and I do think it could represent the beginning of a major change as well. Look up an article online titled "From the Subprime Crisis to the Financial Meltdown, Peak Oil the Hidden Responsible".

It would seem that what will happen is that once it starts to "recover" in full tilt, oil prices will once again surge to $150 per barrel and likely beyond, and that will just throw it into trouble again. And then prices will drop, but to a lower bottom than before. Then it will try to "recover" again, and the cycle will repeat, with the floor under the prices going up higher so each dip isn't as low as the one before... beginning a new era of volatility and instability. If we've reached, are past, or are very near to reaching "Peak Oil", then we are entering a new phase of history that I believe will eventually spell the doom of consumerism and extravagant materialism. If this is the beginning, we are in for a very long, possibly difficult, maybe even painful, but certainly very revolutionary, ride. It may be literally require revamping the entire structure of civilization itself, at least what has been built in the past 130 years from oil and gas.

07-15-2009, 09:56 PM	#3 (permalink)
mike3 Upright	I'm not sure if we'll be out of this one easy either, and I do think it could represent the beginning of a major change as well. Look up an article online titled "From the Subprime Crisis to the Financial Meltdown, Peak Oil the Hidden Responsible". It would seem that what will happen is that once it starts to "recover" in full tilt, oil prices will once again surge to $150 per barrel and likely beyond, and that will just throw it into trouble again. And then prices will drop, but to a lower bottom than before. Then it will try to "recover" again, and the cycle will repeat, with the floor under the prices going up higher so each dip isn't as low as the one before... beginning a new era of volatility and instability. If we've reached, are past, or are very near to reaching "Peak Oil", then we are entering a new phase of history that I believe will eventually spell the doom of consumerism and extravagant materialism. If this is the beginning, we are in for a very long, possibly difficult, maybe even painful, but certainly very revolutionary, ride. It may be literally require revamping the entire structure of civilization itself, at least what has been built in the past 130 years from oil and gas.