WHEN THE OIL BUBBLE BREAKS John McElroy - Zilvia.net Forums | Nissan 240SX (Silvia) and Z (Fairlady) Car Forum

aznpoopy · 12-16-2007, 04:23 PM

+1 to halveblue

the writer undervalues (or completely forgets to mention) the status of the oil supply. while there have been peak oil scares in the past, peak oil DOES happen; as it has already happened in the US. even optimistic forecasts put it within the century. doomsday predictors say it has happened already or will happen in 5-10 years.

the writer also undervalues the developing countries out east. china + india = a shitload of people. as their standard of living improves and they all buy cars, you can expect to see the price of energy in general skyrocket, due to a ridiculously huge influx of demand.

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12-16-2007, 04:23 PM	#9
aznpoopy Post Whore! Join Date: Mar 2003 Location: New Jersey Age: 44 Posts: 5,013 Trader Rating: (1) Feedback Score: 1 reviews	+1 to halveblue the writer undervalues (or completely forgets to mention) the status of the oil supply. while there have been peak oil scares in the past, peak oil DOES happen; as it has already happened in the US. even optimistic forecasts put it within the century. doomsday predictors say it has happened already or will happen in 5-10 years. the writer also undervalues the developing countries out east. china + india = a shitload of people. as their standard of living improves and they all buy cars, you can expect to see the price of energy in general skyrocket, due to a ridiculously huge influx of demand.