Alfred Tennyson wrote:We are not now that strength which in old days
Moved earth and heaven, that which we are, we are;
One equal temper of heroic hearts,
Made weak by time and fate, but strong in will
To strive, to seek, to find, and not to yield.
Tanada wrote:Trickle of Poverty, yipee we can all be equal!!!!!
Concerned wrote:Tanada wrote:Trickle of Poverty, yipee we can all be equal!!!!!
Trickle?
Look at global stock indexes
I've been posting my reports from the trenches at Alternative Energy - R.I.P. I don't think this is the end of AE, but as Aaron said, this volatility will interrupt and delay the implementation of key AE necessary for the survival of thousands, millions, including us in the industrialized nations.Aaron wrote:These swings will devastate hydrocarbon alternative industries globally. With no firm economic base to ensure profitability, these fledgling oil alternative businesses will struggle for financing, and ultimately be delayed by years... perhaps decades. Imagine the downstream impact this interruption will have on our collective future.
Aaron wrote:These swings will devastate hydrocarbon alternative industries globally.
The recent collapse in oil prices to roughly US$55 per barrel makes this summer's rise to US$150 per barrel feel like a bad dream.
Higher oil prices were a red herring that diverted central bankers' attention from the global credit crisis to fighting inflation. Even now that the focus has firmly shifted to promoting economic growth, the prospect for a firm recovery in oil prices could still be years off.
Therefore, oil demand would need to rise by more than two million bpd to take us back to a position of tight OPEC capacity, assuming no net additions to OPEC capacity and no additional supply from non-OPEC producers.
This event is likely two to three years off at a minimum.
DaleFromCalgary wrote:It isn't that Peak Oil is wrong, it is just that
It isn't that Peak Oil is wrong, it is just that demand destruction is faster than supply decline and will be for quite some time. The increase in capacity is for OPEC countries, not for non-OPEC producers who are still rapidly declining.
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