 | Saudi Arabia Announces They Will Produce More Oil | The Oil Drum | Saudis announce oil production increases...again...and again...and again... |  |
343 comments on DrumBeat: June 23, 2008
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343 comments on DrumBeat: June 23, 2008
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Any predictions for when we hit peak delusion?
Evidence suggests the more delusion is consumed internally, the more is exported, clearly physical supplies remain abundant.
"I look at it this way... For centuries now, man has done everything he can to destroy, defile, and interfere with nature: clear-cutting forests, strip-mining mountains, poisoning the atmosphere, over-fishing the oceans, polluting the rivers and lakes, destroying wetlands and aquifers... so when nature strikes back, and smacks him on the head and kicks him in the nuts, I enjoy that. I have absolutely no sympathy for human beings whatsoever. None. And no matter what kind of problem humans are facing, whether it's natural or man-made, I always hope it gets worse." George Carlin (May 12, 1937 – June 22, 2008)
If only the ones doing the defiling and those receiving retribution from nature were the same, I would agree with this statement. Unfortunately, that's not how it works.
Those who have gotten rich raping the planet will be the most able to afford to protect themselves from it's counter-attack.
Peak delusion? I think it has peaked. What was it Dylan Ratigan said on CNBC last Fri. when the markets were plunging? Something like "Oh ... about the Saudi oil meeting and Bernanke meeting at the Fed? It doesn't matter who's meeting with who. Nothing changes the (bear market mentality)."
Dylan is looking a big depressed these days. He's a quick study I think. He and a number of the other CNBC staff are no longer as deluded as they once were.
Peak Delusion has a direct relationship with Peak I Told Ya So's. About the time we are tired of the told ya so's, the delusionists are tired of hearing it.