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Gold/Mining/Energy : Peak Oil - Not If but When
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To: veritas501 who wrote (108)4/12/2011 4:17:41 PM
From: Drygulch DanRead Replies (1) of 129
 
This guy Paul is pretty bearish on the future of mankind to a degree. However I see no projections of sudden population decline. You know famine, pestilence and war bringing along their friend death, the four horsemen of the apocalypse. Probably will come as a shock to some that the modern world can still suffer from these scourges.

I noticed a recent dip in the very first graph which I didn't understand. Also, in another chart it looked like Hydro power ought to be grown a bit in the future, as well as nuclear.

Regarding the other charts, there is an old adage of correlation does not imply causation. The old chicken vs egg syndrome.

Another issue: the value of the dollar continues to decline. When I was a kid, I happily worked hard for $1.50 an hour at Ken's Pancake House in Menlo Park. Ken's is gone now replaced by a Charles Schwab office and I suspect the employees there make a lot more per hour than I ever did. Later on I recall being less than happy making $100 per hour, but sticking to the issue, the declining dollar value versus the price of energy needs to be considered always.

Exxon the stock took a rather large hit today, and here I was thinking it had a green light all the way to $90 something. Just proves how little I know. I think trading will continue for another decade or two. One could make some serious coin in that time. I'd like to see oil besting that previous high price some time soon. If only to confirm peak is peak.
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