4 replies to this topic

[wjfox]

Quite a long read, but very interesting -

http://www.theoildrum.com/node/8268

Pretty much confirms everything I've been saying. We can expect MAJOR economic collapse within the next 5-10 years.

[Shimmy]

I wouldn't say finding an article that agrees with you confirms anything. I'm sure there are more articles that don't agree with you, do they confirm that you're wrong?
I continue to be impressed by your incredibly pessimistic view of the future though, keep up the good work.

[Innsertnamehere]

I agree. Oil is running out, so we will tap into oil sands, until we can be fully oil independent. I read an article a couple weeks ago about how it will take 2 trillion barrels of oil before we are off of it, and there is an estimated 10 trillion left. Does this mean gas won't go up in price? Absolutely not. The us is decling as a superpower fast, REALLY fast, and Americans are too damn stupid to realize it, and are declining even faster because of it. Once they realize they can't have 3 cars and a 3000 square foot home, the economy will stabilize. The question is how long this takes. The US won't default, but rather just keep raising its debt ceiling until it's drowning in it for the next 50 years, making it decline as a world power even more. Are bad economic times ahead of us? Yes, but not the end of the world.

[wjfox]

Oil is running out, so we will tap into oil sands

But it takes enormous amounts of energy and money to extract from oil sands, and they will only provide a fraction of what is needed.

[Azevo]

I did some snooping on the author and read some of her other stuff, quite interesting but very general on the subject. I wouldn't consult her in citing for a paper thats for sure.

Here is her blog:

http://ourfiniteworld.com/