G'Day from down under

PeekOil · Coal Joined: May 30, 2008 Posts: 17

Hi everyone,

I have been aware of PO for well over 10 years. I have never seen it as imminent until just recently. Please note that I have been right about this and I believe that I am fairly good at making judgements about things like this.

My current feeling is that we are at or near peak and certainly beyond demand even if this may be temporary. I predict something of a bumpy ride, shocks as part of a slow slide.

Declines may be sudden but then we should see compensationary measures help to mitigate some of this. Eventually this will not be enough and we will really be in the poo then. I have deliberately not rushed out to sell everything I own and buy/build a country retreat because I believe that this would be unwise AT THIS TIME. Later, as things become more clear, I will review this and respond accordingly. I am however making sure that we have adequate bridging food supplies and other essentials and shaping our home and lifestyle to suit.

Ensuring a steady income stream with saving and investment (in house and needs) is my priority right now. This will change as the environment changes. Jumping too soon is a bad idea in my opinion and shows poor planning. I judge people on how sensible they are and not how dramatic they behave. We are all goint to the same place, the real question is how we will be when we get there. I suspect the loudest and most arrogant will either not make it or arrive in very bad shape.

Good luck to everyone here. We are all going to need heaps of luck and no shortage of skill and cunning in the near future.

seldom_seen · Fission Joined: Apr 12, 2005 Posts: 2037

stu · Posted: Fri May 30, 2008 2:16 am Post subject: Re: G'Day from down under

Welome Peekoil.

I look forward to hearing your thoughts.
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"The age of excess is over. The age of entropy has begun"

Micki · Posted: Fri May 30, 2008 3:51 am Post subject: Re: G'Day from down under

Welcome on boars and don't miss the Australian section of the forum should you wish to discuss some local matters.
_________________
It's not a bailout, it's a buy-in" - Nancy Pelosi

untothislast · Posted: Fri May 30, 2008 7:06 am Post subject: Re: G'Day from down under

Welcome indeed. When I first joined the forum discussions (about three years ago) you'd have been hard pressed to find acknowledgment of Peak Oil theory anywhere in the media. Now, it's almost a given.

With that in mind, you're lucky in that anyone you might happen to talk to about the subject these days, is going to be a lot more receptive than the folks I first blurted the bad news to - all of whom I could see mentally sidling away to avoid 'the crazy guy'.

But don't forget - PO is a the apogee of oil production - not so much a case of 'oil running out'. Anyone who tells you there's 'plenty of oil left' (which is the standard counter to the argument) is actually quite correct; it's just that being increasingly expensive to look for and exploit, a lot more of it is going to be staying in the ground in future. Especially as we reach the point where costs can no longer be passed on by the oil business, because mass-market customers can no longer afford to buy their product.

By the way, I used to live in Melbourne. Interesting to read in 'The Age' this week, that that most car-dependent of states is already seeing a steady migration to public transport, as running costs for motorists really begin to bite.

Cashmere · Light Sweet Crude Joined: Mar 27, 2008 Posts: 1971

taizy8 · Posted: Fri May 30, 2008 4:29 pm Post subject: Re: G'Day from down under

Hi Peek

welcome...I'm new here too.....will be good to hear opinions from down under. Never been there, may never get there.

t8