Booms, Busts, and Recoveries Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Booms, Busts, and Recoveries

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Maurice Winn who wrote (46194)	2/13/2004 3:27:19 AM
From: Raymond Duray	Read Replies (2) of 74559

There's a growing movement in the U.S. called "voluntary simplicity". I'm not officially aligned with anyone on this, but my lifestyle is pretty low impact, compared with the standards of consumption in the U.S. For instance, I haven't had any need to drive my vehicle since before Christmas. So I haven't. It's the longest I've been away from driving in 30 years. As I walk around my community, I realize how foolish urban planning is in America. It isn't based on the reality that transportation fuels are going to become extraordinarily expensive within the next 20 years. This city, and cities across America are designed for dependency on the automobile. This is a shockingly stupid thing in view of the impossibility of self-sufficiency within the U.S. for motor fuels. We've been set up for crisis down the line. And the necessity to create a resource-grabbing Empire to maintain irresponsibly designed urban landscapes across the nation. If you haven't read Mike Ruppert's rant here, tinyurl.com I'd appreciate getting your review of this. I tend to be a skeptic about those who claim that the sky is falling w/r/t the Hubbert's Peak concept of world oil production. I recall the foolish jeremiads I attended in the late 1970s where otherwise intelligent academics were claiming that the end of the age of oil was upon us. They were clearly wrong. So, we have the same sort of views coming to the fore today. As the saying goes, fool me once...... And I become a skeptic. But I'm also a calculating man. In the late 1970s, OPEC had a 25% buffer on reserve capacity. By 2002, that buffer had been diminished to 2% of daily demand for crude oil. There are no more Ghawar Giants being discovered. In fact, there hasn't been a giant discovered in over two decades. Clearly it would seem that we are at the end of the age of oil. Do you agree?

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next