Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Big Dog's Boom Boom Room -- Ignore unavailable to you. Want to Upgrade?

To: kormac who wrote (148487)	3/29/2011 9:17:21 PM
From: Bearcatbob	2 Recommendations Read Replies (1) \| Respond to of 206326

Kormac, The asymptote term was used to illustrate the concept of gradual decline. The writer said oil would be "gone". Now anyone with basic knowledge of depletion curves know that is ludicrous. Your comment about who can afford oil at various elevated prices implies that there will be nothing else. The whole issue assumes we will only know what we know today. If you take the concept to its rational conclusion the world we know will end shortly. I do not think you believe that. Perhaps we could go back to the example of the slide rule to show how much things can change in a mere 40 years. I think I am done with this and believe my point is made. The sky is not falling! Besides - we will be broke long before we run out of oil or need the next energy. Bob

To: kormac who wrote (148487)	3/29/2011 10:38:22 PM
From: Jacob Snyder	Read Replies (1) \| Respond to of 206326

<Abundant for whom?> You have a valid point. And, since food prices and energy prices are connected, the point is even more important. For the average person in Pakistan or Egypt (and 40 other nations), we are already at the point where higher energy and food prices are making them desperate, and therefore amenable to desperate political/economic/military solutions. If oil and food prices stay at current levels, we are going to see many more revolutions. We saw, during the last oil price spike, that American's behavior changed, when gas hit $4/gallon. Gas where I live (Anchorage, Alaska) is now at $4. Transportation costs are steadily depopulating rural Alaska.