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Originally posted by celticpride
all of them want shelter, water, food, transport and medicines...you still think theres enough oil to go around?
Originally posted by SavedOne
Originally posted by stuncrazy
this is not an if this is a when, and the when seems to be in a couple of years.
I didn't watch it yet, but if he really did say that it completely ruins his credibility. It implies that we will "hit the wall" at some point as if the oil supply will disappear overnight, and this is not at all what will happen.
Originally posted by SavedOne
st we will reach a tipping point at which supply cannot keep up with demand. The obvious result of this to anyone who has ever taken high school level economics is that the price of oil will climb. As the price goes up, demand typically goes down as people make efforts to save energy (through higher mileage cars, etc.) If the demand still outstrips the supply, the price will just keep going up. When the price gets high enough, new technology that was previously not cost effective (such as solar & wind power, natural gas & electric cars, etc.) will become more viable and as people jump into the technologies, the technologies will become more mainstream. These technologies are already in place, they need no development at all. They're ready to use. The only thing preventing their widespread use is oil is TOO CHEAP. When oil is no longer the cheapest energy source in the world, it will be replaced. It's as simple as that.
Originally posted by stuncrazy
he also says it could take anywhere between 20 - 100 years before a civilized society will start. so prepare yourself and prepare those you care about because it just got real
We only need turn to Argentina, Iceland and Greece to see the folly of this statement. All have suffered complete economic collapse in recent years. However, all continued on as civilized societies.
Originally posted by SavedOne
Originally posted by stuncrazy
but the great thing about this movie is that it is not doom and gloom. he states their is a problem and provides a solution. and the solution is you. and what you must learn to do and prepare to do. be a simple person and don't panic.
He'd do well to heed his own advice. There is no reason to panic at all, because the BEST thing that could happen for the world as a whole is for the price of oil to continue to climb. It will make it more cost-effective for the world to ween itself off of fossil fuel and adopt new clean technologies.
Originally posted by 46ACE
As per his" credibility" he called the economic crash of 2007 for 4th qtr of 2006! I'd say he's "pretty good.
Originally posted by eldard
Originally posted by 46ACE
As per his" credibility" he called the economic crash of 2007 for 4th qtr of 2006! I'd say he's "pretty good.
Crash was 2008.
The collapse of the U.S. housing bubble, which peaked in 2007, caused the values of securities tied to U.S. real estate pricing to plummet, damaging financial institutions globally.[4] Questions regarding bank solvency, declines in credit availability and damaged investor confid