Quote:
Originally Posted by Nesti
Peak Oil is all about affordability. The day when oil becomes too costly to extract and process, it will jack the prices on the exchanges and create a panic Bull Market.
Apparently it takes 10 calories of hydrocarbons to produce, manufacture and ship one calorie of food, so when it becomes too costly to extract and process oil, it naturally becomes too costly to manufacture and ship food to the consumer, this includes fuel to transport coal or to run pumps for power stations etc...the system stops, plain and simple.
A Bull market on oil sometime after the Peak Oil hump is all it will take. Ironically, there may still be large amounts of low grade hydrocarbons left in the ground.
Think about it...it's hyper-inflation followed by back-yard gardening, there is no Depression, there is no system for a Depression to reside in.
What "World War"??? There cannot be one in this picture. See Here.
It's effectively a Sabot in the cogs of modern society, and without hydrocarbons, we will not be able to create other newer technologies as that requires factories and factories currently require power from petroleum products: once the system stops, it cannot be restarted.
Imagine a world without TV, computers and all the myriad of distractions which we have today?! To me, that's not bleak, it's actually liberating: we get humanity back. 
More star gazing too! |
Problem is, Mark, it won't be like that. The moment oil becomes too expensive to extract and they have no other way of powering everything, there'll be a depression. The stock markets will crash, food will be in short supply. Sure, some people will grow vegies in the backyard, but where is all their other food going to come from?? It's not that simple.
Peak Oil is not only about affordability, it's about supply and demand and who's got the goods and who wants it badly enough to take it. A war will be inevitable because they'll be fighting over the one thing they haven't got....and since oil means money and power, the politicians aren't going to give up on it that easily. Neither will those other interests with a finger in the pie. And most of them would not be adverse to killing a few (million) people in order to get at it, especially when not having it meant they'd be the one's feeling all the pain. They're like heroin addicts....take it away from them and they'd kill anyone and everyone that got in the way of procuring their next fix, if they had to.
Starting a war mean creating a demand, a new market and new goods to sate that market. That's precisely what they will do and then they'll profit from it. Just like they've done in all previous wars.
It'll be a sabot in the cogs alright. Unfortunately, it'll be you and I and all the other ordinary people who'll suffer the most out of this. And be the one's either stupid enough to fight the rich's dirty little war or have to be drafted into doing so. Plus we'll be the one's having to carry the can as far as the financial and other burdens is concerned.