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277 comments on DrumBeat: December 4, 2006

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sendoilplease on December 4, 2006 - 1:06pm Permalink | Subthread | Parent | Comments top
How ironic that the US is so close to collapse and that Russia may become the world's "lender of last resort" for energy... at least until their consumption surpasses their production.

Hopefully as production declines and the economic pain resumes in Russia, the russian bear doesn't turn rabid.

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westexas on December 4, 2006 - 1:53pm Permalink | Subthread | Parent | Comments top
Based on the HL models, Russia and the US are roughly at about the same stages of depletion.  Russia has just had a "noisy" post-Soviet production curve.  2007 could be really ugly all the way around, if the Russians do, as I expect, start showing a serious decline--to paraphrase Bush 41, we are headed for Peak Doo-Doo.
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sendoilplease on December 4, 2006 - 2:27pm Permalink | Subthread | Parent | Comments top
I think 2007 will be very ugly all around - for many reasons ;)

This just adds another log to the bonfire... hopefully Russia has also seen peak pollonium.  

What our world's leaders do and say in public is one thing, what they are planning behind the scenes is another thing entirely.

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slaphappy on December 4, 2006 - 7:51pm Permalink | Subthread | Parent | Comments top

Well, one ugly year is usually required to get things moving. Only in fairy tales can you wake a princess with a kiss....
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sendoilplease on December 5, 2006 - 12:48am Permalink | Subthread | Parent | Comments top
I'm not sure what your point is here slaphappy - went right over my head ;)
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slaphappy on December 5, 2006 - 3:56pm Permalink | Subthread | Parent | Comments top

I guess I was aiming for the idea that most people only roll out of bed and get moving after a stern push or a slap. Something like that.... Countries behave similarly.
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Kevembuangga on December 5, 2006 - 2:34am Permalink | Subthread | Parent | Comments top
Only in fairy tales...

We are not yet close to the happy ending (hum... yet?) only waking the dragon for now.

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277 comments on DrumBeat: December 4, 2006

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