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Gold/Mining/Energy : PEAK OIL - The New Y2K or The Beginning of the Real End?
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To: Sidney Reilly who wrote (220)3/29/2005 4:35:09 PM
From: Jurgis Bekepuris   of 1183
 
Yep, if we agree with the predictions of severe economic downturn (collapse), the only productive investments can be a farm in some place that does not require too much energy (watering, imported feed for livestock, fertilizers for crops) and maybe gold. People who imagine that they can profit by investing in something else in that situation are severely mistaken. Shorting the market may work, but this is risky and you still may end up with a ton of worthless paper money.

It is quite natural that people want to dismiss doomsday predictions. There are not that many people who want to buy and equip a farm right now. And not many who would like to live in such a farm if the collapse occurs, whatever the alternatives.

It is much more reasonable to expect people to support any constructive way out, whether it's new Manhattan project to strongly push nuclear fusion research or even building 100 nuclear fission reactors in US. These solutions do not require you to sacrifice 90% of your lifestyle, even if they come at considerable cost. Peak oil proponents might get many more supporters if they tried to find ANY solution instead of dumping doom and gloom. For example, recent article in Wired about rebuilding US nuclear power industry was much more useful than hundreds of doom-and-gloom articles about 80% of the people dying before 2020. Yes, maybe it's not enough and too late. But let's try it. Let's support it now and see if this solves at least part of the problem.

Jurgis I play Doom and kill all those people called Gloom :P
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