longweekend58 wrote on Dec 31
st, 2015 at 4:30pm:
perceptions_now wrote on Aug 25
th, 2013 at 11:06am:
As usual, those who purport to be Experts (yes - Maqqa & Longy) on Economics, are shown by their silence, to simply be people who formerly thought they were an Economics Exspurts, but who now understand that they are just a drips under pressure!
You spent all those years lecturing us on PEAK OIL!!!!
how'd that work out prozac_now?
As usual, Maria/Longy, your comment/s are "somewhat" restricted on Realities & concentrate on Personality abuse!
Nothing to say about the current "Realities", which I posted about?
Oh & btw, as I have said "a few times already", Peak Oil is now part of history, with standard (old & cheap Oil) Production having Peaked around 2006!
And, I have also previously said, what has been happened & what will happen, are now involves Demand, Supply & Pricing, which are & will be largely affected by Demographics.
In short, the recent Price Decline, is largely driven by Demand Decline & by a short term increase in Shale production, which is now in Decline.
There will be a competition, for some time, between Global Demand Decline, driven by Demographics, in which the "winner" will be "LOW" Oil Pricing & generally lower Commodity Pricing.
This will prevail for some time, until Shale is "priced out" & it becomes obvious that the "old Oil sources" are now in run out stage, then Oil Pricing may start to lift again, "somewhat".
Having sustained huge losses on Shale, it will be difficult to find new backers, willing to put money into a new Shale surge, so Shale may well NOT make a COMEBACK!
In short, you are now saying that Peak OIl is not real and real all at once.
you are slippery, but most crazy people are.
you've never gotten a single prediction right yet. Today is stil NOT your day.