This post has some typical Sliderisms in it, the most obvious being a straw man that he sets up and then knocks down.
Peak Oil people are not blind fools, or any more blind fools than any other collection of humanity. I don’t know anybody out there in the Peak Oil World who says that crude prices are going to go up towards the sky forever & ever. Most of them that I read are quite realistic, and the good ones do what all good investors do --- they pay themselves from time to time.
I think, in fact, that for the last two or three years Slider has not played the oil market very astutely (after years of brilliance, by the way, when he was a seer, in tune with the zeitgeist, and able to read the oil market like a book). Thinking the party was going to be over at midnight, he left too early, but it is now dawn and they are still on the floor boogieing. My guess is that Slider left a lot on the dance floor.
As a precautionary measure, I would say that if I were out of sync, I would level at least with myself. One can’t always be in tune with the zeitgeist but one can at least try to be in tune with oneself.
We’ll know when Slider IS BACK when his rhetoric gets creative again, as it was during his heyday. I say all this because I miss the old, creative Slider at his rampaging, exuberant best. This new paranoid phase, with dubious ideas about using oil to crush China (or whatever it is that he is saying) and his recycled rhetoric, is ..... alas....actually ...... quite ..... boring. |
