Opposing views are common, but perception of whose view is correct is always open to the amount of information any source relies upon. I want everyone to listen to the CC from L0705, and contrast what you hear against the perception widely shared and copied here below. In our world where message board forensics matter, its appropriate to our interests to understand what is the perception being articulated by those outside of our complex. This quarter we are hearing from a wide range of sources, about initiatives to oppose the common perception.
It behooves your interest to undertake this challenge immediately, because we are at a crossroads, between those whose objective is to provide cover and those whose objective it is to obfuscate the directions which the cover affords, in the grand scheme of capital flows. As investors we are the targets of each of the above mentioned sets of players, our main jobs are understanding who and what we are confronting.
Enjoy this time because we are at the beginning of a great story, its akin to being on IBM in the 60's. Oh for the hindsight; right!
To: rz who wrote (92896) 11/1/2007 12:40:35 PM
From: carranza2 2 Recommendations of 92933
We are globally blind to the realities of peak oil.
Preparing for substantial shortages will take time. Peak oil, unlike global warming, is simply not yet a part of the collective consciousness of many folks. It will be, however, and sooner than we think. I dare say that those who know and can appreciate the consequences are a tiny minority of the population. If you think the price of oil is going crazy, wait until peak oil is on the lips of every Tom, Dick and Harriet in America. And it will be, just as was the case with global warming.
There is no panacea to peak oil except discipline, energy conservation, cooperation between the haves and the have nots, and a complete turnaround in how we all view ourselves as part of humanity.
Yes, I think it will be that dire.
All you have to do is remember 1973.
There is zero, no, not zero, there is negative political will to deal with the issue. This failure of policy is global. Shameful, too, because I am convinced that the politicians who matter know exactly what is in store energy-wise.
Everything will be affected, food (which needs to travel, forget about your cheap Chilean blueberries in the dead of winter), transportation, absolutely everything that moves, is heated or cooled, planted, etc., will be hit.
We will naturally adjust after a fashion at some point in time, but the transition period from petroleum based energy to whatever is next, e.g., transformed coal, the sandbox, nukes, whatever, will be very difficult and long because we are globally sticking our heads in the sand.
In the meantime, I suppose we should all get ready by making piles and piles of money on coal, the Canadian sandbox, gold, and commodities.
I want to have lots of cash to make my life and my family's easier when we hit the wall. We have a once-in-a-lifetime opportunity on our hands. |
