Curt

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    • Fundamentals Suggest Oil's Headed Much Higher [view article]
      Interesting article, but it seems to only briefly touch upon Peak Oil, though the overall thrust would seem to only be of concern in a Peak or Post Peak world. Humanity has always been able to adapt to changing circumstances. It will be interesting to see how we adapt this time, though I would expect that adaptation process to involve mass starvation, wars, riots, the end of globalisation, the end of annual long distance leisure trips by air, a serious reduction in global trade, and quite possibly the end of technological growth. In short, the end of the standard lifestyles (and supporting economic systems) in the Industrialised world. Such is the nature and pervasiveness of our greatly entrenched enormous dependence upon a growing supply of cheap crude oil. Jan 01 05:14 AM
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