<Oil and the future - the commuter shift to public transportThe Oil DrumPeak Oil Media - 31 MAY 2008>
<DrumBeat: May 30, 2008DrumBeatDrumBeat: June 1, 2008>

169 comments on DrumBeat: May 31, 2008

Comments can no longer be added to this story.

westexas on May 31, 2008 - 7:37am Permalink | Subthread | Comments top

http://www.financialsense.com/fsn/main.html

Good discussion of Peak Oil/Peak Exports in Part One of Hour #3.

0
Comments can no longer be added to this story.
souperman2 on May 31, 2008 - 9:45am Permalink | Subthread | Parent | Comments top

IMO Puplava and Co. are criminally dismissive of AGW, Polution in general, the pain that the "free market" inflicts on the lower income 90% of the population.

Their solution is drill everywhere and burn more coal.

Of course they have a pretty huge inve$tment in BAU which is why I believe that the concept of protecting "store of wealth" is what garantees that we go screaming up to the edge of the cliff.

0
Comments can no longer be added to this story.
BrianT on May 31, 2008 - 9:52am Permalink | Subthread | Parent | Comments top

OTOH, they are money managers and offer investment advice-you can logically only compare them to their competitors, a majority of which are bunco artists and grifters.

0
Comments can no longer be added to this story.
Marco on May 31, 2008 - 10:08am Permalink | Subthread | Parent | Comments top

Ultimately I think the drill/mine more energy for the sake of keeping modern man running is going to win over any environmental concerns. Money and power really do make the world go round - and we will unfortunately be dragged kicking and screaming into a low carbon age.....but not one where carbon rationing has happened because of green concerns.

There is talk all over the world (especially here in the UK) of revisiting all those previously uneconomical coal seams.

Also carbon sequsetration will remain the echelon of the ever hopefull greens and big corps mouthing off about new green technology to seem like they are doing something (whilst actually doing virtually nothing.)

I can't remember specific figures but BP's "green" investment is a drop in the ocean compared to their total profit. Disgusting? Yes but then the shareholders and director always come first.
Furthermore the NOC's don't give amonkeys about being green.

Marco.

0
Comments can no longer be added to this story.
Burgundy on May 31, 2008 - 12:50pm Permalink | Subthread | Parent | Comments top

True, but economic descent will make such moves difficult, as will energy descent (eg South Africa) and possibly Climate Change too (eg. Australia). These overlapping crises will make doing anything extremely difficult. Especially for the UK which would be facing serious problems even without the aforementioned crises.

Governments are going to be in a funk, bombarded from all sides and trying to appease a very angry population (especially the poverty stricken former middle-class). In the UK the impact has hardly been felt and Gordon Brown's popularity is already at lows not seen since the 1940's.

I think there is a general underestimate of just how bad things are going to get (no I don't mean Mad Max bad) and that what we have today and what we are capable of doing today will somehow still be the same in the future. It won't, it will be gone. Economics is the Command and Control system for our civilisation, its destruction via the economic collapse will leave us as helpless as an army without communications.

Yes, things will be attempted, there will be successes and of course enormous failures, but overall it will all be lost in the overarching chaos.

0
Comments can no longer be added to this story.
arraya on May 31, 2008 - 5:54pm Permalink | Subthread | Parent | Comments top

"Their solution is drill everywhere and burn more coal."

As oil detoxification takes hold, the junkies will not be rational. I suspect it will get weirder and weirder with every uptick in price. The longer I study the subject and the response of our society to the issue, the bigger doomer I become.

0
Comments can no longer be added to this story.
Seadragon on May 31, 2008 - 6:21pm Permalink | Subthread | Parent | Comments top

Amen to that. Character (or lack thereof) determines destiny.

0
Comments can no longer be added to this story.
ExtraO on June 1, 2008 - 8:38pm Permalink | Subthread | Parent | Comments top

WT, is the Newsweek article the one you couldn't talk about a few days ago? This is really the MSM dropping the sugar coating and beginning to tell it straight.

0
Comments can no longer be added to this story.