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Gold/Mining/Energy : PEAK OIL - The New Y2K or The Beginning of the Real End? -- Ignore unavailable to you. Want to Upgrade?

To: Sidney Reilly who wrote (220)	3/27/2005 1:44:06 AM
From: kryptonic6	Respond to of 1183

Layoffs and more down sizing as the demand decreases because the cost is too high due to the high cost of oil. U.S. is motoring on as gas prices soar Associated Press Mar. 24, 2005 12:00 AM *Despite those rising prices, U.S. motorists don't seem deterred. Energy Department figures show that demand for gasoline has risen about 2 percent from a year ago.* azcentral.com The problem is that neoclassical economics is a fundamentally flawed theory. "Market forces" and "prices" cannot counteract the effects of energy depletion and catastrophic supply shortages. Contrary to neoclassical economic theory, energy is not like every other commodity. There is no subsitute that can produce more than a fraction of the energy currently derived from fossil fuels. All this is laid out clearly at Jay Hanson's dieoff.org. That is why almost all economists, including Nobel Laureates, are totally wrong. As Jay Hanson points out, these men do not understand basic energy laws that can be taught to a child. Our current monetary system is a sick illusion. Like Jay Hanson says, there is no more energy in a 10 dollar bill than in a 100 dollar bill. For more, see dieoff.org Jesse

To: Sidney Reilly who wrote (220)	3/29/2005 4:35:09 PM
From: Jurgis Bekepuris	Respond to of 1183

Yep, if we agree with the predictions of severe economic downturn (collapse), the only productive investments can be a farm in some place that does not require too much energy (watering, imported feed for livestock, fertilizers for crops) and maybe gold. People who imagine that they can profit by investing in something else in that situation are severely mistaken. Shorting the market may work, but this is risky and you still may end up with a ton of worthless paper money. It is quite natural that people want to dismiss doomsday predictions. There are not that many people who want to buy and equip a farm right now. And not many who would like to live in such a farm if the collapse occurs, whatever the alternatives. It is much more reasonable to expect people to support any constructive way out, whether it's new Manhattan project to strongly push nuclear fusion research or even building 100 nuclear fission reactors in US. These solutions do not require you to sacrifice 90% of your lifestyle, even if they come at considerable cost. Peak oil proponents might get many more supporters if they tried to find ANY solution instead of dumping doom and gloom. For example, recent article in Wired about rebuilding US nuclear power industry was much more useful than hundreds of doom-and-gloom articles about 80% of the people dying before 2020. Yes, maybe it's not enough and too late. But let's try it. Let's support it now and see if this solves at least part of the problem. Jurgis I play Doom and kill all those people called Gloom :P