How then, do we move backwards? How does a society, with most of the people having no clue of future events, move from being dependent on a vast and intertwined network of goods and services produced by the indigenous people of whereever, to a local resource and renewable energy based society, and do so in the timeframe available (20-30 years using the most liberal extimates, 10-20 with resonable estimates, 5-10 with worst case scenarios), all the while prices on everything increasing, world politics getting more militaristic, governments continuously reducing civil liberties, shortages of goods on the market and weather patterns resembling bad Hollywood movies?
Posted: Tue Apr 29, 2008 12:10 pm Post subject: Re: OPEC warns oil could reach $200. 'PERFECT STORM'
When the MSM is out-dooming us here at PO, you know we're in trouble.
A bit over a year ago I predicted $160 this year, a figure that was dismissed as premature by some of the more seasoned and informed posters on these threads. Now even my doomerish predictions are being topped in headlines by major economists.
It reminds me of the climate models that up to last year predicted that an ice-free Arctic would not occur for a century or so, at worst. Now many are predicting total melt this summer or within a decade or so at best.
Posted: Tue Apr 29, 2008 12:40 pm Post subject: Re: OPEC warns oil could reach $200. 'PERFECT STORM'
Eli wrote:
And Seahorse the inverse is also true, if lets say they do decide to depeg Oil would shoot past 300 dollars a barrel.
BY de-pegging the dollar is no longer the world currency and no one would want to hold the dollar, all those dollars come back to us and oil does a moon shot.
Then oil might crash as the worlds biggest economy crashes and burns.
That's the truth: a 150 Euro barrel of oil is more frightening than a $300 barrel of oil. _________________ http://www.ronpaul2008.com/
"We are building a religion; we are building it bigger. We are widening the corridors and adding more lanes."
Cake - Comfort Eagle
Posted: Fri May 02, 2008 9:20 pm Post subject: Re: OPEC warns oil could reach $200. 'PERFECT STORM'
seahorse wrote:
Now, if its a falling dollar that's the problem, it would seem that would cause, in and of itself, the countries of the world to start trading oil in a basket of currencies and not only the dollar. Of course, that's not a very dollar friendly move...
Just here to point out, again, that this is wrong. Trading oil in a "basket of currencies" (what does this even mean, anyway? But that's another discussion) is neither "friendly" nor "unfriendly" to the US dollar... it is simply irrelevant.
All times are GMT - 6 Hours Goto page Previous1, 2
Page 2 of 2
You cannot post new topics in this forum You cannot reply to topics in this forum You cannot edit your posts in this forum You cannot delete your posts in this forum You cannot vote in polls in this forum
News
Discussions
Resources
Members
Forum FAQ
Search
Usergroups
Profile
Log in to check your private messages
Log in
