I'm
pleased to tell TRENDLiners this past Winter 82% of visitors
were International (113 nations: most from USA, UK,
Argentina, Australia, France, Italy, Spain, Austria, Germany & Hong
Kong)
clik to follow
(@TrendlinesDotCa) for new chart alerts
~
Beware
... the Lunatic Fringe
venue
March 27th 2009 ~ Dire forecasts for
energy, climate change & the economy abound 'cuz their
authors and most of the Media lack a sense of
perspective. This venue seeks to expose high
profile abusers ... ambassadors of The Lunatic Fringe!
Many pseudo futurists are plainly wrong and/or purveyors of bad
science. Others may actually be right about what they see
coming down the road, but they have trouble with the timing.
They fall victim to the phenom of instant gratification.
They unconsciously advance the probable dates of what is coming
... or they purposely accelerate the date knowing that their
audience has an unquenchable anticipation to see the future come
sooner.
The best forecasters: (a) are not always correct but certainly
better than most of their peers, and (b) have a very low level
of false positives. This latter point weeds out those
annual prognosticators that by default will have to be right
"some day" ... the broken clock is right twice-a-day factor.
My
own acid test to gauge futurists involves the due diligence of
examining their unfolding evidence for the trickery of an
absence of time lines to sell their books, attract web hits and
arrange speaking engagements. Next time u are at a
doomster site, look for dates...
In what year will the globe be down to 1 billion? In what
year will they bulldoze the suburbs and use the salvage to
rebuild in the city cores? In what year will North
Americans no longer have cars? In what year will China not
be able to find or afford fuel for export freighters? In
what year will the Antarctic be ice free and similarly, in what
year will NYC be under nine metres of water? (hint: the
Hadley GCM Model says only 26cm/10in by 2100!
When "they" start giving time lines, it opens up their rhetoric
for challenges. That is the acid test of a good forecast
site.
Lastly, we condemn
their facilitators: media commentators that want to pump
their ratings by a dash of hysteria; or use their soapbox
to promote their own leftist agenda.
Dec 2 2007 -
A great many people luv the WWWeb 'cuz they can go to it for a
second opinion and due diligence in researching the News.
Unfortunately a great many of 'em are hitting websites that
mirror their preconceptions and bias ...
The web is an
awesome place to search whether u are a kid or an academic. But
for the many that are vulnerable and gullible, there are a
cornucopia of sites that prey on those souls. Their appetite
quenched, they become sociopaths in our midst. Cancers of doom
that pollute their workplaces, their neighbourhoods & their
families with urban legends and conspiracy theories.
It is easy to
recognize these gloom merchants. Most have failed careers,
marriages or investments and take glee in the coming day when
the rest of society will join them in grief...
Folks,
everyone has the right to be wrong about something now and
then. Use the Web to learn. But if u surf the fibre optic
hi-way only to spread nonsense, please get help...
what's new, eh? ...
new ambassadors added:
Susan
Bonner, Peter Mansbridge, Jane Taber, Rachel Maddow, Chris
Matthews, New York Times & Wolf Blitzer are Eager Facilitators
for Ambassadors of
the Lunatic Fringe
Jeff Rubin
(pseudo american-economist said PEAK OIL will bring $225/barrel
oil & $7/gallon gasoline ... and today is an ex-CIBC World Markets
employee)
~ James Howard Kunstler
(let's bulldoze American subdivisions & all live like the Amish
& Mennonites)
~ Matt Simmons (29% crash
in All Liquids oil production by 2015 ... down to
65-mbd from 84; $600/barrel crude price on the way; War on
Rust would cost $100 Trillion in next 7 years)
~ Ken Deffeyes (start of the
Second Great Depression)
~ Matt Savinar (Life After the
Oil Crash LATOC website)
April 10 2009 ~ (rev 90410)
The voice of the Lunatic Fringe would be quite moot
had it not been for facilitators in the Main Stream Media
(MSM). The Media after all, is no stranger to selling
its soul in the quest to maintain/raise RATINGS. Lest
we forget the cozy relationship in Y2k when financial
channels, investment banks, and their analysts together
drove the dotcom stock bubble during the episode Fed
chairman Greenspan called "irrational exuberance".
I call your attention to the liberal leftist members of the
MSM:
(a) the pacifists who
ridicule our participation and undermine UN, NATO &
Coalition missions. They fail to comprehend the late
20th Century concept of peace-making and the need for
diligence.
(b) the Economics
101-challenged who talk down the Economy with every
opportunity with clear intent to break Confidence among
consumers and commerce to bring on or extend financial
contractions.
(c) leanings to
political correctness, social engineering & excessive rights
for homosexuals
Their mission is to inflame
controversy and polarize political factions. They
employ disinformation techniques and quote out-of-context.
They are adversarial & many are Cassandras. They
attempt to "make" the News, rather than "report"
it. With deep socialist leanings, many of them are
recognizable by their third season of nauseous fawning over
Barack Obama. And of course most of them are all to
ready to grant interviews to ambassadors of the Lunatic
Fringe.
These are not objective
journalists. They are agenda-driven. Current
gloom merchants include:
CBC: Susan Bonner &
Peter Mansbridge
CTV: Jane Taber
MSNBC: Rachel Maddow
(the angry lesbian) & Chris Matthews
New York Times: almost
whole editorial staff
CNN: Wolf Blitzer
But their incessant insults
of the Right, the Religious, Capitalists, Free Enterprise &
our troops has caught up with them. Not caring that
these categories are major constituents of their audience,
they are being TUNED OUT>
Impatient with their musings,
victims of their venom will not voluntarily listen forever.
Subscriptions are being cancelled. Websites are being
shunned. Couch potatoes have found THE POWER OF THE
CLICKER.
The diminished audiences has
led to reduced Ad revenue and outright Advertiser
cancellations. Very pleased with reports that all
these venues are presently in financial turmoil...
April 3 2009 ~ (rev 91208)
It is no accident that CIBC World Markets was Canada's only
casualty of the sub prime mortgage & derivative trading
fiascos. Jeff Rubin, a pseudo-american
economist, is an embarrassment to our industry. Rubin
is the poster boy for not-so-objective analysts that
facilitated Crude Price Bubble that caused gasoline to
rocket to over $4/gallon.
On January 10 2008, Rubin's
2012 targets for oil & gasoline were $150/barrel &
$4.50/gallon. By April 24, he had bumped the forecasts
to $225 & $7 respectively.
In a
July 31 2008 Fox interview, only days
before economic contraction turned into a Severe Recession,
he was ill-advising the Federal Reserve to raise interest rates
2% to avert 6% Inflation by January 2009. By Oct 31
2008, three months into the $94/barrel collapse of the
Contract Crude Price,
Rubin remained confident the Recession would be over by
January 2009, with
the Unemployment Rate cresting shortly at 7%. and that new
oil price records would be set in
2009.
Just days before becoming an
ex-CIBC analyst, March 2 2009, he predicted US New Car sales will stay below the 9-million/yr threshold until 2014.
Unfortunately, since bottoming that Spring @ 9.1 units, they
had already climbed back to 10.9 million by November.
And what was the foundation
for his dire forecasts? PEAK OIL
Rubin is yet another 2-star
ambassador for the Lunatic Fringe with a message that
OIL PEAKED in 2008 and the repercussions will be
apocalyptic. The end of the world as we know it.
Globalization and exports are dead. As of January 23 2009, he
was still predicting that
triple digit
Crude Prices will return in 2010. In a October 26 2009
update to ASPO-USA, he forecasts $100/barrel oil and
$4/gallon gasoline by Spring 2010.
Rubin has illustrated gross
ignorance of the effects of rising energy prices on an American
economy already thrown into a Technical Recession by the
Housing Bubble. Rubin continues to blame oil for the
Recession.
Since 2004, TrendLiners have been
privy to the knowledge that Crude Prices in excess of
$70/barrel were unsustainable. Rubin's positions on
future crude production & Energy Prices can only bring one to the realization that
his irrational exuberance and rationalization of oil & gas
price fundamentals is akin to the analysts that promoted tech stocks via
pie-in-the-sky revenue projections and ludicrous forward Price/Earnings
Ratios thru
the dotcom bomb.
March
30 2009 ~ (rev 90413) James
Howard Kunstler is another 2-star ambassador of the Lunatic
Fringe ... both a McDoomer & a McPeakster. One of those poor souls that believes oil is going to
fall off a cliff ... 3 to 5% per year he states. Odd,
considering that the consensus among geologists in our TrendLines
Scenarios AVG is a mere 0.7%. My own
Peak Scenario 2300
indicates 2.2% per annum. But hey, why let facts get in the
way of good book sales and lucrative speaking tours, eh! He is
neither a geologist nor a futurist. Kunstler majored in
Theater at SUNY Brockport (near Rochester) in 1971 and apprenticed at
Rolling Stone Magazine. He has been putting on a show ever
since...
Let's start with
this Aug 24 2005 pre-article commentary by columnist Robert Birnbaum
of The Morning News website: "Even more troublesome to me
is the fact that no major newspapers have deigned to review James
Kunstler’s book. Since he is no crank and the book is not rife
with crackpot theories that it has not been introduced into the
public conversation is, by my thinking, a serious disservice.
I contacted a number of book review editors to inquire why this book
has not been reviewed. None chose to respond. Go figure."
Here
are some of Kunstler's musings revealed in the TMN interview:
JHK:
It’s about the global oil predicament. And that predicament is
that we are reaching the worldwide oil production peak, top, highest
level of production ever and after that we are going to go down a
slippery slope of remorseless—
RB: A steep decline?
JHK: We don’t know how steep it’s going to be. The estimate is
about three to five percent a year. But it will be a remorseless
slope of depletion. And that three to five percent will add up very
quickly and we saw in the U.S. what happened [in the 1970s].
Yeah, and people generally misunderstand what the implications are.
A lot of people think it’s about running out of oil. It isn’t
particularly about running out of oil. It’s about living in an
industrial society that can no longer expect to have more energy but
only remorselessly less energy.
My
point about that really came from this idea that anything that is
operating at the gigantic scale now in our society, government, the
large-scale farming model based on the Archer Daniels Midland Cheese
Doodle and Pepsi Cola agricultural model, or the Wal-Mart model of
commerce or the large centralized high school—any of these gigantic
scale things are going to either wither away or fail or not work
well under the conditions that we are moving into. Our lives are
going to be greatly downscaled and are going to be profoundly local
and the larger things in our lives are going to fade away. Including
the federal government. My friends back home are all wringing their
hands over George Bush becoming the next Adolf Hitler—
People in Atlanta and in Silicon Valley will not be able to get to
work. People in Los Angeles will not be able to feed themselves. People in Atlanta may not be able to feed themselves.
When I say the core I don’t necessarily mean the downtown business
districts. Those parts are going to be very, very problematical, and
that’s another important point you have made. The places that are
overburdened with mega-structures, whether they are skyscrapers or
even just large buildings, are going to be in real trouble. These
are experimental building types that have only been with us for 100
years. I’m even talking about 10-story pre-war apartment buildings. I don’t know if we can run them in the energy-scarce economy that we
are going to have in the future.
(cont'd above)
And it raises one really
interesting question like the question of—take this for
example—modern plumbing as we know it, where every apartment has a
bathroom, a toilet, etc., is totally dependent on central heating,
good and dependable central heating. You can’t be running space
heaters in a 10-story Manhattan apartment building. If one-third of
the building or one-eighth of the building isn’t warm enough to keep
the pipes from freezing, the whole building is going to lose its
plumbing and then the building is going to become dysfunctional and
we don’t know if this is going to happen or not. And it could. Because the natural gas situation in America—which is how we heat
most of our buildings now—is arguably more ominous than the oil
situation.
So
we have a lot of problems. It’s my belief that as we enter this
period of disorder and travail and hardship and economic trouble,
that among other things we will probably begin to ignore are a lot
of the codes and regulations that we cooked up in the late 20th
century because we won’t be able to afford to follow them. People
are really going to have to improvise their way through this
including rebuilding America on something more than a single-story
basis and something less than a ten-story basis.
My
reference earlier was to politics. We are liable to see more
despotic politics on the local level because there is going to be a
desperate need for authority and people may turn to not the nicest
characters. We will have to make certain expeditious decisions about
things, like whether we prevent someone from building a three-story
house without an elevator because can’t afford to do that anymore. And yet our laws stipulate that we have to have elevators in
virtually every building. I am not against keeping handicapped
people from getting around. I am saying it has been a luxury of this
tremendously affluent period of our history, that we have been able
to mandate that. Nothing lasts forever and that is one of the
things—and that’s not the only issue in how we rebuild some kind of
urban America.
And
from TMN's Birnbaum's Jan 27 2009 interview:
JHK:
We need to understand that things like Wal-Mart and
Target—they’re not going to function on the leaner energy diet,
they’re not going to be able to run the warehouse on wheels. The
just-in-time delivery of products that are made 12,000 miles away,
that’s over with.
Well, the agro-business model is very different from the local
organic model, in many ways, but what we’re going to find is that
it’s not going to be that different in Iowa than it is in the
Northeast. We’re going to have to grow food locally wherever we are
in the United States, and the places that can’t do that, like Las
Vegas and Tucson, you know, forget about it, they’re going to dry up
and blow away.
Well let’s put it this way: This is not going to be imposed
from above. Human societies and economies are emergent and by
definition are self-organizing. Circumstances present themselves and
societies respond. I mean, they can respond foolishly—they can elect
Nazis, or do other things that societies do in desperation—and I
hope that we don’t do anything like that here, although we may—
We’re going to have to inhabit the landscape
differently because whether we like it or not, suburbia is going to
fail.
The joker in the deck is
that we don’t know how disorderly this process is going to be. As I
go around the country one of the things I find is that there’s an
assumption—especially by a lot of policy people and environmental
techno-wonks—there’s an assumption that we’re entitled to an orderly
transition from where we’re at and where we’re going, and I of
course don’t buy that at all.
Ken Deffeyes
March
28 2009 ~ On Feb
6 2008, geologist Ken Deffeyes wandered from his field of expertise
to proclaim that the Second
Great Depression had commenced in the USA. For this
ludicrous point of view, he has lots of company. Economic
McDoomers have awaited the collapse of the "American Empire" for a
very long time. He has since expanded his thesis to assert
that the Recession commencing in Dec-2007 was caused by Peak Oil.
Deffeyes has the privilege of being a 2-star ambassador of the Lunatic
Fringe ... both a McDoomer & a McPeakster
Matt Savinar
March
27 2009 ~
While at theOilDrum on Oct 5 2005, i ventured this analysis on sites
like Life After the Oil Crash (LATOC):
George in Vermont: "This is my
first posting on your site, which I think is great. You all seem to
be very well versed in PO, finance, geology, history etc., and I
find this to be a great resource. I'm wondering if the group
at any point had commented on the information presented at
http://lifeaftertheoilcrash.net? Are his dire
predictions supportable?"
Freddy Hutter: "Yes and no.
And yes. Sites as this use the trickery of an absence of time lines
to sell their books and arrange speaking engagements. Next time u
are at a doomster site, look for dates...
In what year will the globe be down to 1 billion?
In what year will we bulldoze the suburbs and use the salvage to
rebuild in the city cores?
In what year will North Americans no longer have cars?
Heinberg came to Vancouver last year and told us we should start
building massive manufacturing plants in the West for shoes, etc
'cuz soon China and other nations will not be able to find or afford
fuel for tankers or freighters. Tell us Richard, in what year will
that momentous crossover occur?
In what year will the Antarctic be ice free and similarly, in what
year will NYC be under nine metres of water? The Hadley GCM Model
says only 26cm (about 10 inches) by 2100!
When "they" start giving time lines, it opens up their rhetoric for
challenges. That is the acid test of a good site."
April 3 2009 ~ (rev 90407)
It is no accident that CIBC World Markets was Canada's only
casualty of the sub prime mortgage & derivative trading
fiascos. Jeff Rubin, a pseudo-american
economist, is an embarrassment to our industry. Rubin
is the poster boy for not-so-objective analysts that
facilitated Crude Price Bubble that caused gasoline to
rocket to over $4/gallon.
On January 10 2008, Rubin's
2012 targets for oil & gasoline were $150/barrel &
$4.50/gallon. By April 24, he had bumped the forecasts
to $225 & $7 respectively.
In a
July 31 2008 Fox interview, only days
before economic contraction turned into a Severe Recession,
he was ill-advising the Federal Reserve to raise interest rates
2% to avert 6% Inflation by January 2009. By Oct 31
2008, three months into the $131/barrel collapse in Crude Price,
Rubin remained confident that new records would be set in
2009 and that the Recession would be over by January, with
the Unemployment Rate cresting shortly at 7%.
Just days before becoming an
ex-CIBC analyst, March 2 2009, he predicted US New Car sales will stay below the 9-million/yr threshold until 2014.
Unfortunately, since bottoming that Spring @ 9.1 units, they
had already climbed back to 10.9 million by November.
And what was the foundation
for his dire forecasts? PEAK OIL
Rubin is yet another 2-star
ambassador for the Lunatic Fringe with a message that
OIL PEAKED in 2008 and the repercussions will be
apocalyptic. The end of the world as we know it.
Globalization and exports are dead. As of January 23 2009, he
was still predicting that
triple digit
Crude Prices will return in 2010. In a October 26 2009
update to ASPO-USA, he forecasts $100/barrel oil and
$4/gallon gasoline by Spring 2010.
Rubin has illustrated gross
ignorance of the effects of rising energy prices on an American
economy already thrown into a Technical Recession by the
Housing Bubble. Rubin continues to blame oil for the
Recession.
Since 2004, TrendLiners have been
privy to the knowledge that Crude Prices in excess of
$70/barrel were unsustainable. Rubin's positions on
future crude production & Energy Prices can only bring one to the realization that
his irrational exuberance and rationalization of oil & gas
price fundamentals is akin to the analysts that promoted tech stocks via
pie-in-the-sky revenue projections and ludicrous forward Price/Earnings
Ratios thru
the dotcom bomb.
James Howard Kunstler
March
30 2009 ~ (rev 90413) James
Howard Kunstler is another 2-star ambassador of the Lunatic
Fringe ... both a McDoomer & a McPeakster. One of those poor souls that believes oil is going to
fall off a cliff ... 3 to 5% per year he states. Odd,
considering that the consensus among geologists in our TrendLines
Scenarios AVG is a mere 0.7%. My own
Peak Scenario 2300
indicates 2.2% per annum. But hey, why let facts get in the
way of good book sales and lucrative speaking tours, eh! He is
neither a geologist nor a futurist. Kunstler majored in
Theater at SUNY Brockport (near Rochester) in 1971 and apprenticed at
Rolling Stone Magazine. He has been putting on a show ever
since...
Let's start with
this Aug 24 2005 pre-article commentary by columnist Robert Birnbaum
of The Morning News website: "Even more troublesome to me
is the fact that no major newspapers have deigned to review James
Kunstler’s book. Since he is no crank and the book is not rife
with crackpot theories that it has not been introduced into the
public conversation is, by my thinking, a serious disservice.
I contacted a number of book review editors to inquire why this book
has not been reviewed. None chose to respond. Go figure."
Here
are some of Kunstler's musings revealed in the TMN interview:
JHK:
It’s about the global oil predicament. And that predicament is
that we are reaching the worldwide oil production peak, top, highest
level of production ever and after that we are going to go down a
slippery slope of remorseless—
RB: A steep decline?
JHK: We don’t know how steep it’s going to be. The estimate is
about three to five percent a year. But it will be a remorseless
slope of depletion. And that three to five percent will add up very
quickly and we saw in the U.S. what happened [in the 1970s].
Yeah, and people generally misunderstand what the implications are.
A lot of people think it’s about running out of oil. It isn’t
particularly about running out of oil. It’s about living in an
industrial society that can no longer expect to have more energy but
only remorselessly less energy.
My
point about that really came from this idea that anything that is
operating at the gigantic scale now in our society, government, the
large-scale farming model based on the Archer Daniels Midland Cheese
Doodle and Pepsi Cola agricultural model, or the Wal-Mart model of
commerce or the large centralized high school—any of these gigantic
scale things are going to either wither away or fail or not work
well under the conditions that we are moving into. Our lives are
going to be greatly downscaled and are going to be profoundly local
and the larger things in our lives are going to fade away. Including
the federal government. My friends back home are all wringing their
hands over George Bush becoming the next Adolf Hitler—
People in Atlanta and in Silicon Valley will not be able to get to
work. People in Los Angeles will not be able to feed themselves. People in Atlanta may not be able to feed themselves.
When I say the core I don’t necessarily mean the downtown business
districts. Those parts are going to be very, very problematical, and
that’s another important point you have made. The places that are
overburdened with mega-structures, whether they are skyscrapers or
even just large buildings, are going to be in real trouble. These
are experimental building types that have only been with us for 100
years. I’m even talking about 10-story pre-war apartment buildings. I don’t know if we can run them in the energy-scarce economy that we
are going to have in the future.
And it raises one really
interesting question like the question of—take this for
example—modern plumbing as we know it, where every apartment has a
bathroom, a toilet, etc., is totally dependent on central heating,
good and dependable central heating. You can’t be running space
heaters in a 10-story Manhattan apartment building. If one-third of
the building or one-eighth of the building isn’t warm enough to keep
the pipes from freezing, the whole building is going to lose its
plumbing and then the building is going to become dysfunctional and
we don’t know if this is going to happen or not. And it could. Because the natural gas situation in America—which is how we heat
most of our buildings now—is arguably more ominous than the oil
situation.
So
we have a lot of problems. It’s my belief that as we enter this
period of disorder and travail and hardship and economic trouble,
that among other things we will probably begin to ignore are a lot
of the codes and regulations that we cooked up in the late 20th
century because we won’t be able to afford to follow them. People
are really going to have to improvise their way through this
including rebuilding America on something more than a single-story
basis and something less than a ten-story basis.
My
reference earlier was to politics. We are liable to see more
despotic politics on the local level because there is going to be a
desperate need for authority and people may turn to not the nicest
characters. We will have to make certain expeditious decisions about
things, like whether we prevent someone from building a three-story
house without an elevator because can’t afford to do that anymore. And yet our laws stipulate that we have to have elevators in
virtually every building. I am not against keeping handicapped
people from getting around. I am saying it has been a luxury of this
tremendously affluent period of our history, that we have been able
to mandate that. Nothing lasts forever and that is one of the
things—and that’s not the only issue in how we rebuild some kind of
urban America.
And
from TMN's Birnbaum's Jan 27 2009 interview:
JHK:
We need to understand that things like Wal-Mart and
Target—they’re not going to function on the leaner energy diet,
they’re not going to be able to run the warehouse on wheels. The
just-in-time delivery of products that are made 12,000 miles away,
that’s over with.
Well, the agro-business model is very different from the local
organic model, in many ways, but what we’re going to find is that
it’s not going to be that different in Iowa than it is in the
Northeast. We’re going to have to grow food locally wherever we are
in the United States, and the places that can’t do that, like Las
Vegas and Tucson, you know, forget about it, they’re going to dry up
and blow away.
Well let’s put it this way: This is not going to be imposed
from above. Human societies and economies are emergent and by
definition are self-organizing. Circumstances present themselves and
societies respond. I mean, they can respond foolishly—they can elect
Nazis, or do other things that societies do in desperation—and I
hope that we don’t do anything like that here, although we may—
We’re going to have to inhabit the landscape
differently because whether we like it or not, suburbia is going to
fail.
The joker in the deck is
that we don’t know how disorderly this process is going to be. As I
go around the country one of the things I find is that there’s an
assumption—especially by a lot of policy people and environmental
techno-wonks—there’s an assumption that we’re entitled to an orderly
transition from where we’re at and where we’re going, and I of
course don’t buy that at all.
Matt Simmons
March
29 2009 ~ It was
bad enuf when on February 4 2008 he predicted to a Minnesota State
Legislature Committee that All Liquids production would fall
7.2% per annum (to 60-mbd)
by 2015. But instead, a new record was set in 2008!
Then,
on June 27 2008 he was quoted by the Aberdeen Journal:
"It is not beyond the pale of imagination to see
oil at $300, $400, $500 or even $600 a barrel within a relatively
short time, much less than 20 years." But we know
sustained pricing higher than $70/barrel induces Recessions among
the G-20 nations.
Today,
we award Matt Simmons the TripleCrown for his statement on the
December 13 2008 Jim Puplava Financial Sense segment: "We
need to ... War on Rust. It's sad but true that over 98% of
our oil and gas infrastructure, from the well bores to drilling rigs
to refineries to gathering systems to ... is all built out of steel
and about 80% to 905 of it is beyond its original design life and it
literally will rust away, so we have to rebuild it all in the next 5
to 7 years. That's a $100 Trillion construction
project."
$100
Trillion? Geez, most experts put the tab at $3 Trillion.
If that wasn't enuf Simmons continued to tell co-guest Robert Hirsch
the advice that he would give Barack Obama as the new President:
"The first thing I would do is basically in the first minute
triple our oil, gas and electricity prices and put a floor under
them ... and basically then take a day off and probably come back in
a few months and triple the prices again and put a floor under it."
As a sampling, here's a gem posted by
theOilDrum to YouTube on July 11 2008. Matt Simmons says crude
prices of $147 are a bargain. "The price is going way higher
and never coming down ... this is not a bubble."
Ken Deffeyes
March
28 2009 ~ On Feb
6 2008, geologist Ken Deffeyes wandered from his field of expertise
to proclaim that the Second
Great Depression had commenced in the USA. For this
ludicrous point of view, he has lots of company. Economic
McDoomers have awaited the collapse of the "American Empire" for a
very long time. He has since expanded his thesis to assert
that the Recession commencing in Dec-2007 was caused by Peak Oil.
Deffeyes has the privilege of being a 2-star ambassador of the Lunatic
Fringe ... both a McDoomer & a McPeakster
I'm pleased
to tell TRENDLiners this past Winter 82% of visitors were
International (113 nations: most from USA, UK,
Argentina, Australia, France, Italy, Spain, Austria, Germany & Hong Kong)
clik to follow
(@TrendlinesDotCa) for new chart alerts
Trendlines
Research
... Long-Term multidisciplinary Perspectives by Freddy Hutter
![[New!]](../images/smallnew.gif){kind=small}
Susan
Bonner, Peter Mansbridge, Jane Taber, Rachel Maddow, Chris
Matthews, New York Times & Wolf Blitzer are Eager Facilitators
for Ambassadors of
Canadian &
USA Politics
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