Jiggs you got me, I admit defeat, you made the point clearly. The best Jiggs can support Peak Oil theory is to quote a link from Old Crock.
I know I made the point clearly. About 150 posts ago, and several times since. It's just that you're too intellectually dishonest (or plain stupid) to wrap your head around the concept and prefer to feign perpetual confusion.
Jiggs is now the smartest person here, a great example of using intelligence and common sense to prove a point.
Well no. Not the smartest. Just, perhaps, the most honest with himself, and able to recognize the data and not rationalize it all away based on nothing more than hope.
When oil hit $145 in the summer of 2008, I was right about the financial crash that would most certainly follow. Not because I'm smarter, but because every oil crisis in modern history has resulted in a recession... And they will get worse. There is no honest recovery in sight, and you're lying if you insist there is. U.S. states teeter on the brink of insolvency, and European nations already are. Russia is conjuring up reasons to renegotiate terms for heating Europe with their gas, and Europeans are freezing to death. Here in the U.S., there is ZERO optimism for job growth. Municipal budgets are stretched to the breaking point. Am I wrong here? Wait, I'll continue... Gas and food prices keep creeping back up, and should spike again by next summer. Wages are largely frozen.
What do you think $4 gas will mean this time around for a nation with 15-17% REAL unemployment, and a commercial real estate market set to bottom out?
Christ, look at the signs all over the world.... Do you think Alberta's Tar Sands is gonna save us all? If there was plenty of 30:1 and 50:1 oil to be had, why would we be desperately trying to expand a heavy thick oil industry that returns a mere 2:1 on investment? Why would we occupy sovereign nations with untapped (but still limited) oil reserves for 9 years at enormous cost? And why on God's green earth would we drill to deadly new depths under our own seas for piddly little kiddie pools of 50 million barrels, scraping safety protocol in the process? ... I'll tell you why: We are desperate to keep feeding the beast.
Do you geniuses think the systemic global financial meltdown is merely the result of the U.S. mortgage crisis and "liberal" lending practices here at home? ... Capitalism requires the illusion of endless growth. When that illusion can no longer be lubricated, the engine burns hot until the gears grind down. That IS what's happening today. And the only thing that saved our ass was the desperate ploy to print more money. ... Well, that and the $500-600 billion in drug cash our corporate banks launder into the global economy each year for liquidity. That fact was admitted by the U.N. earlier this year.
http://www.guardian.co.uk/global/2009/dec/13/drug-money-banks-saved-un-cfief-claims
We ARE at peak. ... The age of cheap, abundant energy is over, make no mistake about it. ... And it's gluttonous cons who are losing their minds about it the most. ... To the point of pathological denial and rage-addled panic.