PeakOil is You
On crisis, Europe to US: 'I told you so'
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On crisis, Europe to US: 'I told you so'
by Ache » Thu 09 Oct 2008, 13:29:36
Last edited by Ache on Thu 09 Oct 2008, 15:02:27, edited 1 time in total.
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Ache - Lignite
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Re: On crisis, Europe to US: 'I told you so'
by Cashmere » Thu 09 Oct 2008, 13:43:22
Massive Human Dieoff <b>must</b> occur as a result of Peak Oil. Many more than half will die. It will occur everywhere, including where <b>you</b> live. If you fail to recognize this, then your odds of living move toward the "going to die" group.
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Cashmere - Heavy Crude
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Re: On crisis, Europe to US: 'I told you so'
by Spanktron9 » Thu 09 Oct 2008, 13:47:31
Where is the Nelson "Ha ha!" picture?
Who are you going to turn to when all the crazy Peak-oil doomers end up being right?
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Spanktron9 - Lignite
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Re: On crisis, Europe to US: 'I told you so'
by skeptik » Thu 09 Oct 2008, 14:06:21
Although Spain is up to its eyeballs in national debt, and the property market is tanking, I'm personally (for obvious reasons see location!) quite pleased that the Spanish banks did not deregulate in the '80's as per US & UK. Currently well capitalised, 150-200% provision against bad debt, and no exposure to derivatives.
Some of the smaller regional banks (especially along the Med) will no doubt fold, merge, or get snapped up by the big boys next year as they have high exposure to the Spanish property market/construction industry. Apart from that everything currently cool on the banking/financials front.
If you want a safe bank (or as safe as a bank can be in the current climate) have a look at Santander.
Some of the smaller regional banks (especially along the Med) will no doubt fold, merge, or get snapped up by the big boys next year as they have high exposure to the Spanish property market/construction industry. Apart from that everything currently cool on the banking/financials front.
If you want a safe bank (or as safe as a bank can be in the current climate) have a look at Santander.
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skeptik - Coal
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