Loading...
Symbols:
Get Seeking Alpha Free Stock Alerts by Email!
Get Free Stock Alerts by Email!
Transcripts
- American Vanguard Corporation Q3 2008 Earnings Call Transcript
- Oplink Communications, Inc. F1Q09 (Qtr End 09/30/08) Earnings Call Transcript
- Albany Molecular Research, Inc. Q3 2008 Earnings Call Transcript
- Alphatec Spine, Inc. Q3 2008 Earnings Call Transcript
- Avanex Corporation F1Q09 (Qtr End 09/30/08) Earnings Call Transcript
- Alnylam Pharmaceuticals, Inc. Q3 2008 Earnings Call Transcript
- eHealth, Inc. Q3 2008 Earnings Call Transcript
- MIPS Technologies, Inc. F1Q09 (Qtr End 09/30/08) Earnings Call Transcript
- Alexza Pharmaceuticals, Inc. Q3 2008 Earnings Call Transcript
- Alkermes, Inc. F2Q09 (Qtr End 09/30/08) Earnings Call Transcript
-
Editors' Picks
-
Most Popular
- Throwing in the Towel on This Market?
- General Electric: Genuine Risk of Collapse?
- Food: Against Self-Sufficiency
- The Fed: Now the World's Largest Private Bank
- Key to the Global Equity Market: Trend and Cycle Analysis of U.S. Retail
- Can a Global Economy Be Managed One Nation at a Time?
- Full list of Editors' Picks »
- Jim Rogers on China »
- Memo to Warren: AmEx Preferred at 15%, Warrants at $12 »
- Should We Really Bail Out the Big Three Automakers with $73.20 Per Hour Labor? »
- Peak Oil's Bell Is Ringing »
- UltraShort ETFs: At a Tipping Point? »
- The Biggest Problem Detroit's Big Three Face »
- 11 Stocks Selling Below Cash »
- Tech May Be a Wreck, But This Isn't 2001 »
- General Electric: Genuine Risk of Collapse? »
- The Autos and Mentality That Ruined Detroit »
- Iceland: What It's Like to Live in a World Without Money »
Hedge Fund Jobs
Job Seekers: Search jobs by category, get job alerts by email or live feed, apply online See full list of jobs »
Employers: See all recruitment options, get applications online or by email Post a job »
Cherenkov
1 Comment
Peak Oil is a Cost Issue
We live on a sphere. Therefore, we have X amount of oil no matter the variety.
At some point we will reach X/2, and that will be peak oil.
It is rather mindless, stupid and counterproductive to thrash around like a spastic contortionist in order to somehow make the exogenous, and largely extraneous in the larger sense, events and details conform to an ideology rather than to physical facts.
We will run out of oil. We will be UNABLE to replace that energy at the same gargantuan level it was. Again, physics does not care about your sustainability and efficiency and alternative energy fantasies. NOT GOING TO HAPPEN.
Other shortages also come into play: soil, water, ocean life, copper, indium, gold, copper, silicon, aluminum, etc.
These elements will also get more and more difficult to produce with energy supplies falling. Witness South Africa and its shutting down mines due to lack of electricity. What one must recognize is that our civilization is like hovercraft. Sure we can enjoy the lovely air-conditioned interior, the running water, the great gambling facilities, the lovely food, entertainment, and working conditions -- until it all sinks into the sea because the fuel to run the massive support system shuts down.
One tiny brick pulled from the system may collapse the entire system. Without cheap energy we don't have all the other cheap support elements. Without those cheap support elements, we can't have an advanced technological society. Ergo, no solar cell utopia, no windmill fantasyland, no nuclear glowfest, no tidal energy hoedown.
People who pontificate on the possibility that someone is hoarding or speculating or whatever minor irrelevant distraction from the real issue they wish to conjure is really in fact dooming the planet to an even larger crash. They are doing you a disservice. They are in effect like a retarded fireman pointing you back into the burning building because the light is better.
Don't be dumb. Physics is simple. BSing people is evil.
Don't let the economists BS you. Remember, if you push something hard enough it will fall down.