>>11375936You mean the limits to growth study?
I never said anything about peak oil, and definitely not hubbertian peak oil.
That being said, whether the events of this year and the state of the world going forward were purposely orchestrated or not, it's clear that we have experienced a sharp drop off in services per capita in almost perfect keeping with the original predictions by the limits to growth study.
If economic demand doesn't recover, and it seems highly unlikely to, given the additional sharp dislocation in wage and wealth disparity that occurred this year, oil prices are not likely to ever recover to their pre-fracking days. The federal reserve and other central banks have repeatedly stated over the years that it is deflation which they are fighting, not inflation. They have been able to inflate asset bubbles, but they cannot print aggregate demand. This is no more evident than in low oil prices.
Contrary to the hubbert school of peak oil, oil is on a terminal trajectory with no alternative to replace it, and demand is likely never to return to pre-coronahoax levels.
Screenshot this post. In 2030 oil will be closer to 0 dollars per barrel than to 100, no matter what the central banks do.
