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Gold/Mining/Energy : Big Dog's Boom Boom Room
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To: Bearcatbob who wrote (127637)1/18/2010 9:19:01 PM
From: Jim P.  Read Replies (1) of 206110
 
I disagree somewhat.
Peak oil is an issue of a declining standard of living even with the market forcing solutions.
The long question for me is what will that decline (living standards) looks like. I am thankful the recent additions to natural gas reserves should mitigate some of the decline in crude oil. IMO natural gas will bridge us to a lower standard of living not a market replacement solution.
Pessimistic yes, enjoying every day I am healthy, yes.
Jim
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