Was Deffeyes right?

biffvernon · Post by **biffvernon** » 24 Dec 2013, 07:46

I don't think facts will be allowed to interfere with RGR's story.

Post by **kenneal - lagger** » 24 Dec 2013, 18:40

I would be surprised if we see $150 oil unless the dollar is devalued by 20 to 30% because the price rising near to that level would probably cause world recession again. That would reduce demand which would drop the price somewhat. These continual recessions will gradually take their toll on the world economy and we could eventually start to see a breakdown of that economy.

We won't know until after it happens though.

Where have I heard that before?

Ralph · Post by **Ralph** » 24 Dec 2013, 23:14

PS_RalphW wrote:Gaza Egypt Nepal all have structural shortages of fuel.

Sure..and those STRUCTURES have NOTHING to do with lack of oil, and everything to do with lack of ability to PAY the folks who would show up with a tanker the instant you waved money at them.

Confusing the availability of a thing with the ability to pay for or develop it yourself are two different problems.

India and China want some more NG? Fine, build the LNG facility and sign the contract with Qatar for what you need.

Exactly the idea that the Brits look to be cooking up, relying on the good nature of those who ARE capable of developing their own resources to sell it to you.

http://www.ibtimes.com/fracking-gas-boo ... es-1413186

Ralph · Post by **Ralph** » 24 Dec 2013, 23:22

biffvernon wrote:I don't think facts will be allowed to interfere with RGR's story.

Current liquid fuels available around the globe today, compared to what was SUPPOSED to happen (contemporaneous to when this thread was started), does certainly contain a story.

Primarily related to why there is more, rather than less.

Obviously, it is understandable that raising this topic disturbs the status quo. I apologize. Carry on.