Oil's energy contribution has declined by about 12% since 1999. The world's economies have also declined by about 12%. (Using conventional metrics, which are time delayed determinations, this will only be seen in hind sight). The massive destruction of asset values now occurring testifies to it happening.
Peak is well behind us, world economies have peaked and will continue to decline.
I'll try and tone down the cleverness from now on.
I liked your reference to Adam Smith in your name and made a play on words with the movie "A Beautiful Mind", implying that the revision of Smith in the movie was equally flawed.
PAX _________________ "When you understand why you dismiss all the other possible gods, you will understand why I dismiss yours." - Stephen F Roberts.
I'll try and tone down the cleverness from now on.
I liked your reference to Adam Smith in your name and made a play on words with the movie "A Beautiful Mind", implying that the revision of Smith in the movie was equally flawed.
PAX
Arrgh, I had a deathly suspicion that this was what you meant. I think whenever I'm discussing I have a reflex action to be as paranoid and cynical as possible (after once too many times being ridiculed as a Y2K type). Sorry about that! _________________ There'll be war, there'll be peace
But one day all things shall cease
All the iron turned to rust
All the proud men turned to dust
So all things time will mend
So this song will end
I understand about the omnivorous habits of some posters...
They like to eat everything in sight.
Is what I get for being too subtle... _________________ "When you understand why you dismiss all the other possible gods, you will understand why I dismiss yours." - Stephen F Roberts.
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