PEAK OIL - The New Y2K or The Beginning of the Real End? Message Board

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Gold/Mining/Energy : PEAK OIL - The New Y2K or The Beginning of the Real End?

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To: Bearcatbob who wrote (638)	5/30/2005 4:43:45 AM
From: kryptonic6	Read Replies (2) of 1183

Associating a fuel shortage in Zimbabwe with Peak Oil is like blaming a rainstorm for thirst - each totally irrelevant. I was born in 1984, so I don't remember the oil shocks of the 1970's, but I understand there were 1/2 mile-long gas lines, astronomical stagflation, and a widespread fear that life as we knew it might be over - all because of a 5% oil shortage. Five years past peak, we're going to be dealing with roughly a 10-15% shortfall. I'm curious, what are your main objections with the comparison, and how do you see things playing out differently in the U.S.? Zimbabwe is a political fiasco - tolerated in silence due to political correctness! The U.S. is a political fiasco, but granted it has not deteriorated anywhere near the point of Zimbabwe.

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