Australian Politics Forum - Politics, Economics & New Realities!

Grappler Deep State Feller Gold Member Offline Australian Politics Posts: 85136 Always was always will be HOME Gender:	Re: Politics, Economics & New Realities! Reply #120 - Jan 6^th, 2016 at 8:36am We WILL run out of oil......... http://www.oildecline.com/
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Grappler Deep State Feller

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Re: Politics, Economics & New Realities!
Reply #121 - Jan 6^th, 2016 at 8:46am

The thing about decline in oil fuel production is that as the supply goes down, the ability to move that supply goes down with it...... hence there will begin to appear 'brown-outs' of petroleum product availability, followed by ever-increasing 'black-outs'.... until finally there is scarcely a flicker of movement of petroleum products worldwide.....

At this time, it is not necessarily the production of petroleum products per se that is the issue - it is that movement within a market - and bear in mind that the prime issue with The Great Depression was NOT any inability to produce goods - but the inability due to economic factors such as income imbalances - to actually MOVE those goods in the economy.

When too many people simply cannot buy goods, those goods do not MOVE in the economy - and thus that economy, when a larger and larger number of people are unable to buy and thus move goods - slides into depression.

Any further arguments about Sunday penalty rates?

Anyway - as petroleum production declines, that inability to move it within its market will slow down, and that affects virtually every facet of modern society.

Along Ye Olde Mountaine Traile one Darke Nighte When The Stars Are Big And Bright... around Ye Campfire....

"Ah, yes, lad - I recalls it clear as yestiddie - them big coloured birds what flew five miles high an' carried 500 people at 500 MILES an hour - tha's 800 kilometres fer you young folk... yeah there wuz plenty of 'em up there, day an' night. Now git some sleep - we need ter make another five mile tomorrah an' the horses is gettin' tired!"

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“Facts are stubborn things; and whatever may be our wishes, our inclinations, or the dictates of our passion, they cannot alter the state of facts and evidence.”
― John Adams

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longweekend58

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Re: Politics, Economics & New Realities!
Reply #122 - Jan 6^th, 2016 at 9:38am

Grappler Deep State Feller wrote on Jan 6^th, 2016 at 8:36am:

We WILL run out of oil.........

http://www.oildecline.com/

http://www.oildecline.com/images/peak.jpg

The problem with your grpah is that it is out of datae. In fact, ALL of the predicted decline is just that - prediction - and was created prior to the emergence of the shale oil industry which has rendered all such prediction total garbage. IN fact, at the moment, production is limited by DEMAND only, not the shortage of supply.

peak oil is like climate change - a fabricated con designed to suck in gullible fools.

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AUSSIE: "Speaking for myself, I could not care less about 298 human beings having their life snuffed out in a nano-second, or what impact that loss has on Members of their family, their parents..."

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Grappler Deep State Feller Gold Member Offline Australian Politics Posts: 85136 Always was always will be HOME Gender:	Re: Politics, Economics & New Realities! Reply #123 - Jan 6^th, 2016 at 9:56am Every graph you'll find says much the same predicted path - the inevitability is that oil production will slow and then trickle, and that at some future point the whole world economy will grind to a halt, and millions will perish.
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perceptions_now

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Re: Politics, Economics & New Realities!
Reply #124 - Jan 6^th, 2016 at 10:07am

longweekend58 wrote on Jan 6^th, 2016 at 8:27am:

perceptions_now wrote on Jan 5^th, 2016 at 9:47pm:

longweekend58 wrote on Jan 5^th, 2016 at 4:24pm:

poor old prozac_now. forever predicting doom gloom, recession and peak oil while being 100% wrong every single time.

must suck to be you.

Well , well Longy/Maria, talk about being wrong!
As I said, YOU obviously don't even take your own advice -
https://www.google.com.au/webhp?sourceid=chrome-instant&ion=1&espv=2&ie=UTF-8#q=...
Try Wiki, for a starter -
Peak oil, an event based on M. King Hubbert's theory, is the point in time when the maximum rate of extraction of petroleum is reached, after which it is expected to enter terminal decline.[1] Peak oil theory is based on the observed rise, peak, fall, and depletion of aggregate production rate in oil fields over time. It is often confused with oil depletion; however, peak oil is the point of maximum production, while depletion refers to a period of falling reserves and supply.

I think that means, YOU ARE WRONG, this time & pretty much every other time & on pretty much every topic!

Finally, I note you still haven't answered to the basic query raised on the following thread -
http://www.ozpolitic.com/forum/YaBB.pl?num=1451723678/all

WHY? Well, because "you have no idea what's it's about", NOR do you have any idea what is happening currently, in Global Economics, nor do you have any idea WHY it's happening!

Oh & on "Recession", you may not have noticed the GFC AND YOU WILL SOON SEE GFC2, which is likely to be "somewhat worse than the first!

you have spent years (decades even) predicting the demise of the oil-based economy because we will 'run out of oil'. call it what you want, but you were dead wrong.

you are just as wrong about everything else as well.

It is indeed fortunate, for YOU, that you have YOUR BELIEFS, as REALITY SAYS YOU ARE WRONG, as does the very occasional bit of "so called proof" that you raise!

Btw, I researched & then wrote about the likely effects of Demographics & Peak Oil in late 2006.
In writing about the likely effects, I said -
1) There would soon be a Global Recession, which there was, starting in 2007-2008.
2) The Price of Oil would initially rise significantly, due to the effects of Peak Oil, before going into steep Decline, due to a Global Demand Decline, before eventually rising again, as Oil Production would finally slow so much that it would catch up to & pass the Global Demand Decline.
Shale Oil, as has been seen, WAS only a TEMPORARY aberration!!!

Finally, I note you still haven't answered to the basic query raised on the following thread -

http://www.ozpolitic.com/forum/YaBB.pl?num=1451723678/all

WHY? Well, because "you have no idea what's it's about", NOR do you have any idea what is happening currently, in Global Economics, nor do you have any idea WHY it's happening!

Oh & on "Recession", you may not have noticed the GFC AND YOU WILL SOON SEE GFC2, which is likely to be "somewhat worse than the first!

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perceptions_now

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Re: Politics, Economics & New Realities!
Reply #125 - Jan 6^th, 2016 at 12:04pm

Oh & Btw, THE REALITY of all of this Global -
Demographics
Energy
Climate Change
Debt & More

Is that OZ POLITICIANS (ALL OF THEM), no matter what they say, which hasn't been much on these issues, CAN NOT NOW WAVE A "MAGIC WAND" & make the OZ Economy Grow again, like it used to!

So, IF any Politician &/or their "Supporters" say THEY CAN, you will know they are telling MORE PORKIES!

In Fact, there will be quite a bit of pain, including Economic pain and the only way to avoid the worst outcomes will be IF ALL SECTORS BEAR THEIR FAIR SHARE OF THE PAIN & ACTION is commenced NOW, on all of the above Global/Local REALITIES!!!

All of which means -
1) Business, particularly BIG Business MUST carry their "fair share of Taxes", which means the Politicians MUST DO THEIR JOB, for a change, as must most of the Global Pollies.
2) Individuals can expect changes to Super Loopholes & Government Expenditures!
3) Even Religious owned Businesses, MUST pay their fair share of Tax, which means the Religion/s only get to keep the "After Tax", NOT "before Tax Profit/s.
4) AND MORE!!!

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Bias_2012 Gold Member Offline Australian Politics Posts: 10766 Gender:	Re: Politics, Economics & New Realities! Reply #126 - Jan 6^th, 2016 at 1:19pm perceptions_now wrote on Jan 6^th, 2016 at 12:04pm: So, IF any Politician &/or their "Supporters" say THEY CAN, you will know they are telling MORE PORKIES! Porkies such as: "There's never been a better time to be an Australian"
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longweekend58

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Re: Politics, Economics & New Realities!
Reply #127 - Jan 6^th, 2016 at 3:20pm

Grappler Deep State Feller wrote on Jan 6^th, 2016 at 9:56am:

Every graph you'll find says much the same predicted path - the inevitability is that oil production will slow and then trickle, and that at some future point the whole world economy will grind to a halt, and millions will perish.

every graph made before the advent of shale oil which TRIPLES current reserves. and then there are a few conventional oil reserves being discovered as well. It is well known that Siberia contains reserves that dwarf saudi arabia and new technology will soon make that viable as well.

alas... peak oil is a bit like climate change. A con for the gullible. And it sure has hooked you and depression_now.

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AUSSIE: "Speaking for myself, I could not care less about 298 human beings having their life snuffed out in a nano-second, or what impact that loss has on Members of their family, their parents..."

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longweekend58

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Re: Politics, Economics & New Realities!
Reply #128 - Jan 6^th, 2016 at 3:27pm

perceptions_now wrote on Jan 6^th, 2016 at 12:04pm:

Oh & Btw, THE REALITY of all of this Global -
Demographics
Energy
Climate Change
Debt & More

Is that OZ POLITICIANS (ALL OF THEM), no matter what they say, which hasn't been much on these issues, CAN NOT NOW WAVE A "MAGIC WAND" & make the OZ Economy Grow again, like it used to!

So, IF any Politician &/or their "Supporters" say THEY CAN, you will know they are telling MORE PORKIES!

In Fact, there will be quite a bit of pain, including Economic pain and the only way to avoid the worst outcomes will be IF ALL SECTORS BEAR THEIR FAIR SHARE OF THE PAIN & ACTION is commenced NOW, on all of the above Global/Local REALITIES!!!

All of which means -
1) Business, particularly BIG Business MUST carry their "fair share of Taxes", which means the Politicians MUST DO THEIR JOB, for a change, as must most of the Global Pollies.
2) Individuals can expect changes to Super Loopholes & Government Expenditures!
3) Even Religious owned Businesses, MUST pay their fair share of Tax, which means the Religion/s only get to keep the "After Tax", NOT "before Tax Profit/s.
4) AND MORE!!!

rant rant rant

it is all you ever do.

your medication isnt working.

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AUSSIE: "Speaking for myself, I could not care less about 298 human beings having their life snuffed out in a nano-second, or what impact that loss has on Members of their family, their parents..."

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longweekend58

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Re: Politics, Economics & New Realities!
Reply #129 - Jan 6^th, 2016 at 3:32pm

perceptions_now wrote on Jan 6^th, 2016 at 10:07am:

longweekend58 wrote on Jan 6^th, 2016 at 8:27am:

perceptions_now wrote on Jan 5^th, 2016 at 9:47pm:

longweekend58 wrote on Jan 5^th, 2016 at 4:24pm:

poor old prozac_now. forever predicting doom gloom, recession and peak oil while being 100% wrong every single time.

must suck to be you.

Well , well Longy/Maria, talk about being wrong!
As I said, YOU obviously don't even take your own advice -
https://www.google.com.au/webhp?sourceid=chrome-instant&ion=1&espv=2&ie=UTF-8#q=...
Try Wiki, for a starter -
Peak oil, an event based on M. King Hubbert's theory, is the point in time when the maximum rate of extraction of petroleum is reached, after which it is expected to enter terminal decline.[1] Peak oil theory is based on the observed rise, peak, fall, and depletion of aggregate production rate in oil fields over time. It is often confused with oil depletion; however, peak oil is the point of maximum production, while depletion refers to a period of falling reserves and supply.

I think that means, YOU ARE WRONG, this time & pretty much every other time & on pretty much every topic!

Finally, I note you still haven't answered to the basic query raised on the following thread -
http://www.ozpolitic.com/forum/YaBB.pl?num=1451723678/all

WHY? Well, because "you have no idea what's it's about", NOR do you have any idea what is happening currently, in Global Economics, nor do you have any idea WHY it's happening!

Oh & on "Recession", you may not have noticed the GFC AND YOU WILL SOON SEE GFC2, which is likely to be "somewhat worse than the first!

you have spent years (decades even) predicting the demise of the oil-based economy because we will 'run out of oil'. call it what you want, but you were dead wrong.

you are just as wrong about everything else as well.

It is indeed fortunate, for YOU, that you have YOUR BELIEFS, as REALITY SAYS YOU ARE WRONG, as does the very occasional bit of "so called proof" that you raise!

Btw, I researched & then wrote about the likely effects of Demographics & Peak Oil in late 2006.
In writing about the likely effects, I said -
1) There would soon be a Global Recession, which there was, starting in 2007-2008.
2) The Price of Oil would initially rise significantly, due to the effects of Peak Oil, before going into steep Decline, due to a Global Demand Decline, before eventually rising again, as Oil Production would finally slow so much that it would catch up to & pass the Global Demand Decline.
Shale Oil, as has been seen, WAS only a TEMPORARY aberration!!!

Finally, I note you still haven't answered to the basic query raised on the following thread -

http://www.ozpolitic.com/forum/YaBB.pl?num=1451723678/all

WHY? Well, because "you have no idea what's it's about", NOR do you have any idea what is happening currently, in Global Economics, nor do you have any idea WHY it's happening!

Oh & on "Recession", you may not have noticed the GFC AND YOU WILL SOON SEE GFC2, which is likely to be "somewhat worse than the first!

Shale oil is a 'temporary abberration'? there would be very few experts agreeing with you on that. Oil is THE PRODUCT that the world economy drives on. solar cells and wind towers dont power ships, cars or planes. That is all done by oil and will be for a very very long time because of its extraordinary energy/kg feature. shale oil has turned USA and Canada from importers into EXPORTERS of oil. the southern ocean is beleived to contain more oil than the entire saude oil fieds and siberia even more.

there is no shortage of oil. never was, never will be for several centuries. there are MASSIVE amounts of oil to be found.

half the economists in the world were predicting the GFC you dope.

get over it. you have been dead wrong on peak oil, so far wrong that your embarrassment would be total if not for your delusions.

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AUSSIE: "Speaking for myself, I could not care less about 298 human beings having their life snuffed out in a nano-second, or what impact that loss has on Members of their family, their parents..."

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Grappler Deep State Feller Gold Member Offline Australian Politics Posts: 85136 Always was always will be HOME Gender:	Re: Politics, Economics & New Realities! Reply #130 - Jan 6^th, 2016 at 3:39pm It's all estimates and maybes, Longy.... a conservative view would be that there is what we see now, not what we think we might see in ten years.
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longweekend58

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Re: Politics, Economics & New Realities!
Reply #131 - Jan 6^th, 2016 at 4:49pm

Grappler Deep State Feller wrote on Jan 6^th, 2016 at 3:39pm:

It's all estimates and maybes, Longy.... a conservative view would be that there is what we see now, not what we think we might see in ten years.

that would actually be the ignorant, idiotic 'view. forward planning is the stuff of economic planning and growth. You could always confer with your second cousin, the head of the US Federal REserve. or is that your nephew?

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AUSSIE: "Speaking for myself, I could not care less about 298 human beings having their life snuffed out in a nano-second, or what impact that loss has on Members of their family, their parents..."

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perceptions_now

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Re: Politics, Economics & New Realities!
Reply #132 - Jan 6^th, 2016 at 8:13pm

longweekend58 wrote on Jan 6^th, 2016 at 3:32pm:

perceptions_now wrote on Jan 6^th, 2016 at 10:07am:

longweekend58 wrote on Jan 6^th, 2016 at 8:27am:

perceptions_now wrote on Jan 5^th, 2016 at 9:47pm:

longweekend58 wrote on Jan 5^th, 2016 at 4:24pm:

poor old prozac_now. forever predicting doom gloom, recession and peak oil while being 100% wrong every single time.

must suck to be you.

Well , well Longy/Maria, talk about being wrong!
As I said, YOU obviously don't even take your own advice -
https://www.google.com.au/webhp?sourceid=chrome-instant&ion=1&espv=2&ie=UTF-8#q=...
Try Wiki, for a starter -
Peak oil, an event based on M. King Hubbert's theory, is the point in time when the maximum rate of extraction of petroleum is reached, after which it is expected to enter terminal decline.[1] Peak oil theory is based on the observed rise, peak, fall, and depletion of aggregate production rate in oil fields over time. It is often confused with oil depletion; however, peak oil is the point of maximum production, while depletion refers to a period of falling reserves and supply.

I think that means, YOU ARE WRONG, this time & pretty much every other time & on pretty much every topic!

Finally, I note you still haven't answered to the basic query raised on the following thread -
http://www.ozpolitic.com/forum/YaBB.pl?num=1451723678/all

WHY? Well, because "you have no idea what's it's about", NOR do you have any idea what is happening currently, in Global Economics, nor do you have any idea WHY it's happening!

Oh & on "Recession", you may not have noticed the GFC AND YOU WILL SOON SEE GFC2, which is likely to be "somewhat worse than the first!

you have spent years (decades even) predicting the demise of the oil-based economy because we will 'run out of oil'. call it what you want, but you were dead wrong.

you are just as wrong about everything else as well.

It is indeed fortunate, for YOU, that you have YOUR BELIEFS, as REALITY SAYS YOU ARE WRONG, as does the very occasional bit of "so called proof" that you raise!

Btw, I researched & then wrote about the likely effects of Demographics & Peak Oil in late 2006.
In writing about the likely effects, I said -
1) There would soon be a Global Recession, which there was, starting in 2007-2008.
2) The Price of Oil would initially rise significantly, due to the effects of Peak Oil, before going into steep Decline, due to a Global Demand Decline, before eventually rising again, as Oil Production would finally slow so much that it would catch up to & pass the Global Demand Decline.
Shale Oil, as has been seen, WAS only a TEMPORARY aberration!!!

Finally, I note you still haven't answered to the basic query raised on the following thread -

http://www.ozpolitic.com/forum/YaBB.pl?num=1451723678/all

WHY? Well, because "you have no idea what's it's about", NOR do you have any idea what is happening currently, in Global Economics, nor do you have any idea WHY it's happening!

Oh & on "Recession", you may not have noticed the GFC AND YOU WILL SOON SEE GFC2, which is likely to be "somewhat worse than the first!

Shale oil is a 'temporary abberration'? there would be very few experts agreeing with you on that. Oil is THE PRODUCT that the world economy drives on. solar cells and wind towers dont power ships, cars or planes. That is all done by oil and will be for a very very long time because of its extraordinary energy/kg feature. shale oil has turned USA and Canada from importers into EXPORTERS of oil. the southern ocean is beleived to contain more oil than the entire saude oil fieds and siberia even more.

there is no shortage of oil. never was, never will be for several centuries. there are MASSIVE amounts of oil to be found.

half the economists in the world were predicting the GFC you dope.

get over it. you have been dead wrong on peak oil, so far wrong that your embarrassment would be total if not for your delusions.

As usual Longy/Maria, I'm the one that's always Wrong & never Right, But my Predictions on the GFC & Oil Pricing come true & your Peak Oil "proof" actually verifies what I am saying.

AND, I note you still haven't answered to the basic query raised on the following thread -
http://www.ozpolitic.com/forum/YaBB.pl?num=1451723678/all
WHY? Well, because "you have no idea what's it's about", NOR do you have any idea what is happening currently, in Global Economics, nor do you have any idea WHY it's happening!

Shale Oil in the US is "Dead & Buried", forget it!
With likely massive financial losses, from the recent Shale splurge, it will be a long time before Financial markets take on the Shale market again!
As for shale oil turning the USA away from importing & into Exporting, You MAY be interested in the following article -
After Years of Decline, U.S. Oil Imports Rise
http://www.wsj.com/articles/after-years-of-decline-u-s-oil-imports-rise-14458518...

Oh & Btw, very few Economists & even fewer Politicians predicted the GFC, YOU ARE WRONG YET AGAIN!

STRANGE HOW YOUR BELIEFS HAVE NOTHING TO DO WITH REALITY!!!

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perceptions_now

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Re: Politics, Economics & New Realities!
Reply #133 - Jan 6^th, 2016 at 11:05pm

I Re-post the following here, as it is relevant -

perceptions_now wrote on Jan 6^th, 2016 at 10:59pm:

Wti Oil is currently trading Down some 3.5% today & is currently under $35, at $34.66.

The above is an 11 year low and in my opinion, the major causes being Global Demand Decline & a rising US$, currently at 99.33 on the US$ index, which is up several cents over the last couple of days.
The likely causes of the US$ rise, are Declining Global Economic conditions & news out of North Korea today!

Oh & US DOW Futures are currently Down over 300 points (some 1.75%), indicating it may be another interesting night???

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longweekend58

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Re: Politics, Economics & New Realities!
Reply #134 - Jan 7^th, 2016 at 8:27am

you really are a bizarre weirdo depression_now. you spent years shouting about how we are all going to run out of oil... starting with 2010. yeah that worked out well!

and here we are with the biggest oil glut in history. this is your 'peak oil' with more oil than you can shake a stick at.

I was right... again. but most people will be right when they shake off chronic depression and delusions.

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AUSSIE: "Speaking for myself, I could not care less about 298 human beings having their life snuffed out in a nano-second, or what impact that loss has on Members of their family, their parents..."

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