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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?

To: Moominoid who wrote (67016)	8/5/2005 6:31:49 PM
From: Wharf Rat	Read Replies (1) \| Respond to of 74559

"Peak oil is real and global warming is real too. We just have to put both in the proper perspective." They are Siamese twins

To: Moominoid who wrote (67016)	8/6/2005 12:33:47 AM
From: energyplay	Read Replies (1) \| Respond to of 74559

The peak oil Cassandras are likely pulling in big consulting and lecture fees these days....

To: Moominoid who wrote (67016)	8/6/2005 7:42:48 AM
From: elmatador	Read Replies (2) \| Respond to of 74559

Oil was important, not anymore. Proof below. As a result the economy can adapt to high and higher oil prices. 1973 the shock hurt because: It was the first big one. Leadership of the US was down (Vietnam War and Watergate) Information travelled slowly (this is IMPORTANT!) We had the Cold War We didn't know that OPEC countries could spend any amount of money and the money would come back as recycled petrodollars 1979 the shock hurt because: It was unrelated to oil the world hadn't yet recovered from the first blow The market still want to suck more money from the ones that didn't get it The market wanted to suck more money form the ones that were vulnerable 1986 oil shock in reverse The OPEC countries discovred that they needed to keep the money flowing and need more money and pump to their hearts delight North Sea oil was flowing The world had got rid of gas guzzlers The market was getting the benefits of the countermeasures to save energy Today's price spike: We know all that bullshit and we are not panicking . oil went up? Gasoline went up? Who gives a shit! In the past it was possible to use that great motivator of all: Fear. Today, no more. It is more difficult to pull the wool over the eyes of the market The oil game played is well known.