Quote from Kassz007:
".. Maybe deflation would take prices MUCH lower than "fair value", then revert back to equilibrium. But during that time of deflation you will be crushed.
Quote from PAPA ROACH:
We have an estimated 9 times more recoverable oil formations to exploit still, peak oil is a myth for our lifetime. EASY oil peaked, but technology has made massive leaps in just the past couple of years. I wouldn't worry about oil being our doom.
Quote from endsongs:
Federal gov't budgets should be balanced just like the states.
I'm pointing out a possible scenario for economic collapse that the gov't seems to be working hard to avoid.
Quote from kxvid:
Are you familiar with chaos theory, peak oil, Jevon's paradox? The world wont last too much longer as it is; most of modern life is unsustainable. The are past the stone, copper, bronze, and iron ages. We are living at the high of the oil age.
short version: we are doomed
