314 comments on Peak Oil and the Financial Markets: A Forecast for 2008--July 31 Update
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314 comments on Peak Oil and the Financial Markets: A Forecast for 2008--July 31 Update
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Gail,
It's hard to imagine you get anything else done with all the effort you put in on TOD. Much appreciated. I suspect you're familiar with Chaos Theory and Complex Adaptive Systems. I'm just a novice on the subject but it's easy to the possibilities you describe fitting into such a format. Given the proximaty and uniqueness of PO even stochastic,or "look back" modeling, might offer not offer a very clear vision of the future.
As much as I appreciate your efforts it is a little overwhelming to see all the weak points of our economy stacked up in one spot.
More approach is more to look at what I see as links, and try to see what happens in some sample cases.
I am concerned that there is a fairly close link between electrical availability and petroleum products availability. For example, if we can't get coal because of a lack of petroleum products, then there is likely to be a drop in electricity available. If electricity is lacking in certain parts of the country, this could be a major problem.
Gail, congrats on a truly remarkable article. You really separated out what is important and made it all to easily understood <--That is NOT easy to do. BRAVO!
Your concern of electricity is one that I share. IF we have a hard time getting oil, delivering oil, etc. then people will switch to electric heat, electric cars (doing this already), and our grid does not have extra capacity to replace the lost value of oil based energy. This is clearly overlooked by the MSM. I think you are dead on that this will be another crisis mixed in with the others that will hit.
You also hit on "never to be sold homes". yeegads!
I think you have done a masterful job of outlining the coming collapse with plenty of real "signals" that will be obvious if you care to look.
A job well done.
D
It's also clearly overlooked by many promoting techno fixes on this site.
Thanks!