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ByLo - I consider myself to be more doomish than you. Yet even I find this article to be worthless because of the many erroneous conclusions the writer draws from articles and facts we all know about. China is not on the hook for "trillions" in derivatives. Any ET'er worth his salt knows...

Not quite. We use all three hydrocarbons right now - oil gas and coal. The oil goons want profits - yes that's true. But our gov't also needs to maintain petrodollar recycling as well. But the real bottom line is - for transportation purposes, for long haul and hauling loads, there is...

I mentioned Cantarell in the past. Here's a sobering article on Cantarell, Peak Oil, and ultimately, Mexico's future. Not good. From the article: "The proponents of peak oil—the theory that the world is no longer finding enough new oil from conventional sources to keep up with...

Times Square will return to being a shithole in a few years, just as it was in the 70s and much of the 80s. All that glitz you see? It was paid for by a world that no longer exists. I thought it was funny when back in early '07 pundits were saying that NYC was immune to the coming real...

How am I lying about the banks? Please tell me. This topic is about credit cards and lending practices - not mortgages. As for mortgages, kinda of convenient for you to leave out leverage, securitization and derivatives' role in magnifying the losses in mortgages. The mortgage issue is...

Dignity doesn't exist in this country? Why don't you go live in a country where they "break your legs" for defaulting. Isn't that the dignity you crave? The banks did not get into this mess because the population all of a sudden lost its morals. They dug themselves into this hole for...

Here's how I see it. The banks that own the government changed the lending and bankruptcy laws to favor themselves in 2005. Then they lent like crazy thinking that they have there bases covered. They were wrong. They mispriced risk and it backfired on them. So, like little screaming...

When was the last time that happened in American History? Please tell me when was the last time that some technological breakthrough/innovation wiped out our debts and put the banking system on solid ground. My answer: Never. I posted this video in another thread and agreed with Marc...

True... but I found this to be appropriately funny:

You are too jaded in your views. You don't see things clearly. I've seen enough of your posts to believe that you are no different than the extreme right wing nutjobs - where you differ from them is that you reside at the other extreme end of the spectrum. Peak Oil and Peak water are not...

There is no way out. How does an individual get out of burdensome debt without hitting the jackpot or getting a massive raise? He first takes on more debt to pay off old debt by using credit cards... then the credit cards stop his ability to borrow more.. he no longer can even make minimum...

+1

Methinks if he was a white kid with a "Jesus loves me" T-Shirt you would have a different view. I'm just sayin...

And what would you replace the internal combustion engine with? Over what period of time? Would take decades...

When it comes to trading, Peak Oil, so far, hasn't played a role in my decisions. Most are not aware of it or wrongly assume it is about oil vanishing and so draw the conclusion that it is nothing to seriously consider. It doesn't affect the market - yet. This severe global recession...

In the beginning of the oil industry, containers for oil varied a lot in size and shape. Standard Oil was the first to manufacture a standard barrel 42 gallons for transporting petrol. It was colored blue. Hence.... bbl (yeah I googled it)

You are correct. But think it through. What will be impacted by high prices? Suburbia, vinyl siding, asphalt roofing, farming/food... etc... It could be catastrophic. And I personally don't believe the transition to alternative energy will be seamless either. Chris Martenson also brings...

Look at it this way. Individual wells decline - fact. Rate of mega discoveries has dropped - fact Population growth continues as does global oil demand - fact Now add all the above and arrive at a conclusion. As for "technology" - yes, we can extract oil that in the past we...

peil - why the misleading title to this thread?

You may be a in the "Oil Industry", but when it comes to Peak Oil - I don't think you know what you're talking about. Peak Oil is not about running out of oil. It is about production not keeping up with demand. It's about oil wells having a defined lifespan. Its also about the fact that the...