<Ten Fundamental Principles of Net EnergyThe Oil DrumAn Interview with Michael Klare>
<DrumBeat: January 26, 2007DrumBeatDrumBeat: January 28, 2007>

270 comments on DrumBeat: January 27, 2007

Comments can no longer be added to this story.

Dragonfly41 on January 27, 2007 - 12:58pm Permalink | Subthread | Parent | Comments top

Hmmm...even though I've sworn off predictions as of late...I'm going to put my toe back in the water for this little prediction.

I am not 100% sure that we have passed world peak on C+C, we may know for sure in a year or two.

I am pretty sure that 2007 will be the year of "Peak Oil Awareness" in the general public and not just pockets of interested groups and communities. The "spillover" is ripe and there are more and more receptive ears even though gasoline prices are lower.

The public knows that something is not on the level with the war in Iraq and the threats to Iran from our President. They are starting to put the dots together.

Just a hunch.

0
Comments can no longer be added to this story.
airdale on January 27, 2007 - 2:14pm Permalink | Subthread | Parent | Comments top

Dragonfly,

"I am pretty sure that 2007 will be the year of "Peak Oil Awareness"

IMO it will not have to be a reduction in imports, climbing gas prices at the pumps, or any of the other that will be the cause for hysteria and resulting chaos.

It will simply have to be the acceptance by the public that WE ARE RUNNING OUT OF OIL.

Once that sinks into JoeSixPack's brainpan then he will become hysterical and start hoarding. All the rest will do likewise.
We will rapidly circle the drain as Amurkans realize that what they have been hearing is suddenly going to happen.

I believe this because over 30 yrs ago I was out and about when the oil embargo was put in place and what I witnessed then will be multiplied many many times over.

It will begin to feed on itself fanned by the MSM and their blowdried reports earnestly leaning into the camera and speaking of doom and armegeddon. The public like all good sheeple will respond. Where it goes from there is an unknown.

Once you see violence, chaos and other events up close you never forget just how little it takes to set one off.

Putting the dots together..yes...but only until the MSM goes nutso will the people believe anything. Thats the way they are now wired.

Those yelling doomer at me weren't here during WWII or Pearl Harbor or the backside of the depression and most likely have no recollection of 1973.

0
Comments can no longer be added to this story.
oaksmoke on January 27, 2007 - 4:52pm Permalink | Subthread | Parent | Comments top

Recognition of Peak Oil could be delayed by an economic recession. Demand can drop faster than production if the economy sinks. This would totally cloud the issue. It is bad news either way. I keep wondering which TPTB would prefer. It kind of looks like they would prefer to keep the economy humming as fast as energy production allows. Damn the consequences. The choice over the last decade is obvious now. TPTB wanted economic growth over everything else. Eventually growth bumps into limits to growth. Peak Energy and environmental destruction are here.
The reign of King Dumbo has been a complete failure for those who dream of peace and environmental sanity.

0
Comments can no longer be added to this story.
LevinK on January 27, 2007 - 8:59pm Permalink | Subthread | Parent | Comments top

Continuous recessions, followed by short revivals are the only serious scenarios about how PO will play out economically. One would be a fool to think that oil can get to $200 or even $100 and stay there without the this breaking the back of the economy along.

Those periods should continue until we complete our transition to an oil-free economy. Of course economic scenarious can not predict resource wars or the amount of suffering of the world's poor... economics usually shies away from such "externalities".

0
Comments can no longer be added to this story.
Aniya on January 27, 2007 - 10:06pm Permalink | Subthread | Parent | Comments top

Hi Oaksmoke,

Thanks. Yes. "Recognition of Peak Oil could be delayed by an economic recession."

And, in addition, as someone may have already suggested, it's even possible we'll see on-going economic upheaval, without any general understanding of the underlying reasons.

0
Comments can no longer be added to this story.
TechGuy on January 28, 2007 - 12:56pm Permalink | Subthread | Parent | Comments top

>Once that sinks into JoeSixPack's brainpan then he will become hysterical and start hoarding. All the rest will do likewise.

I wouldn't be so certain of this. For one, I suspect the majority of public still believes that we can use technology to replace oil. The media, gov't and so called "experts" will flood the airwaves that a tech. solution is just a year or two away. So instead of hoarding or making any prepations they'll go on about their daily lives. Plus Joe Six pack is up to his eyeballs in debt and can't afford to hoard anything, except hoarding even more debt.

>I believe this because over 30 yrs ago I was out and about when the oil embargo was put in place and what I witnessed then will be multiplied many many times over.

For this to begin there would need to be shortages. I suspect that this time oil prices will rise resulting in decreased consumption rather than like sudden shortages during the 1970s. The only what I see this re-ocuring is when exporters begin to husband remaining reserves or if war breaks out in the middle east that disrupts exports. Not to say that these events won't occur, but I just don't see an crisis begining because of US public exceptance of PO. Hell, Most americans believe that the Oil companies have been suppressing technology that could replace oil. Another words, a crisis will orignate overseas do to a severe decline in exports, not because of US public sentiment.

0
Comments can no longer be added to this story.