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If energy is so abundant, then why all the wars in far-away places?

Debt based paper is a suckers investment. Look at the history of international trade. Much more often than not, it was based on bartering or precious metals. It's only been the last 40 years that international trade has gone 100% debt based money. Yet most people think it's the tried and...

But the economy was not in great shape when Clinton left - or at least, the cracks were just beginning to show and widen. On March 6, 2000, the Nasdaq breached 5000, by the time Clinton left office in January 2001 - the Nasdaq was over 50% lower - around 2,400, and around 2,700 on his last day...

I'm no big fan of Keynesian spending, but I can try to be objective about it. If there is gridlock in Congress and we don't deficit spend, there will be widespread unemployment, debt deflation, bankruptcies and foreclosures at record amounts and wiped out 401Ks. Deficit spending reflated or...

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The world is too competitive, the balance of power is now too fragile. There is no one world government on the horizon. India, China, Russia, Brazil... they just came to the consumption party. You think they want to stop "progress" and only allow Americans to live the oil based industrial...

I think you're confusing two separate issues. The carbon tax/cap and trade scams are really new financial ponzi systems developed by and for the banksters. They need a new payground/bubble. Carbon Tax/Cap and trade also serve a geopolitical role - to make manufacturing nations like China...

Yes, I'm afraid you're right. Abiotic oil is so true, and so plentiful, that wars are not needed for oil. No country ever experiences well depletion, and we don't need to go from conventional sources to unconventional oil. It's all over the place!!! If only we tried looking for it the way...

So how much do we consume every year, and how much do we discover each year? How large are current proven reserves? How much of that is economically viable?

How can you say we reached peak demand in 2008? Isn't that a tad premature? And I'm assuming here, that you mean peak demand globally - OECD and the rest of the world. You do recall a global shock to international trade in 2008, no? A similar "peak demand" argument could have been made in...

Ed- I hope you made money on that trade, but you do realize that short term trends are irrelevant? I know you were joking. As for Yergin, I agree about his points of insufficient exploration. But your argument here is that we're not exploring and drilling fast enough. But that only goes to...

Currencies come and go, gold is stable. People in Europe find stashes of old national currencies and coins all the time. Too late to exchange them for Euros now. They're worthless. But if they find a pre Euro gold coin from any country - Italian gold lira, french gold franc, etc - guess...

Fair enough, I'll just need some time to go over some old materials and write a decent response for you regarding CERA and the new peak demand theory. Colin Campbell has asserted a similar theory recently. Colin Campbell is the geologist that many have followd after M. King Hubbert re peak...

Watch the video. And I have read Yergin... I don't have a lot of respect for him. CERA is a shill for the oil companies - I guess that's tinfoil, no? Follow the raw data - IEA and EIA.

' Ed - watch the video. Peak Oil, to me, is not just about flow rates/production. It is also about reserves, it is about grades, it is about cost as a percentage of gdp, it is about EROEI, and the amount of people coming onstream that want oil as well. peak oil is multi dimensional - it...

Ed, I have covered peak oil a lot on this board in the past. Honestly, I'm not up to regurgitating all the past info - nothing against you, but I try to avoid the discussions - I feel like it's pointless. Too many see a "Green" conspiracy, and others see a "Big Oil" conspiracy. The truth is...

The sums are so large, that instability would ensue. Most Central Bankers know eachother very well. They generally don't try to "rock the boat." A commonly accepted medium of exchange is needed to facilitate world trade. The dollar has served this role because of the US Gov'ts stability...

The US peaked in oil production in 1970. Since then, imports have increased to over 70%. By the way, there is a correlation between US peak oil production and the end of Bretton Woods. But that's another topic. The vast majority of nations that produce oil have peaked in production...

Oh really? You and I can push buttons - the market doesn't care, doesn't notice. China sitting on over $1 trillion? Just a wee bit different, no? Don't compare how you do things with how people that handle REAL money do things. They have different headaches than you and I do.