alpha24seven

How We Lost Faith in the Financial Superstructure

@PastTense. You couldn't be further from the truth. "Peak oil" is marketing nomenclature developed to validate pain at the pumps. Do you have any idea who Matt Simmons is and what he does for his day job? An world class exercise in conflicts of interest with $billions on the line. Do you realize that his predictions of gas lines, wars and general mayhem have already come and gone. You do realize that Hubberts projection for peak is erroneous as this year will set -- another -- record for all liquids extraction. You do realize that the averaged correlation for all relevant peak oil projections puts global peak somewhere between 2045 and 2065. You do realize that the visual aid of a bell curve is not accurate because there is a precipitous degree in slope at peak which in fact is much more like a plateau.You do realize that the peak oil theory has no intellectual capacity to accept the massive new finds we are stumbling over almost on a record basis. Fields such as the Bakken and Brazil's deep water. You do realize that firms such as Goldman Sachs distort the global supply demand equation to institutional investors to create a false panic in the market as their prop trading desk rakes in unfathomable amounts of money front running the oil trade.

And finally, you do realize that the incredible amount of brainpower and venture investment from firms like Kleiner Perkins and Khosla Ventures will head off any of this nonsensical Malthusian nonsense. Just look at one investment at Kleiner for direction. EEStor. Note the input from Lockheed Martin. This company has the ability to rewrite the entire global energy paradigm. A serious watershed moment in human history.

Peak Oil is complete nonsense from a factual standpoint and the "fringe truth" will never materialize because human beings will not lay down and die like the "novelists" predict.