> and the transition has been traumatic, just like predicted.
What trauma? What transition?
We currently have more oil than we know what to do with. It's piling up in huge storage containers, and the price keeps falling because no one needs any.
Re:The sky's gone dark
by happyscrappy on Thursday October 01, 2015 @02:37PM
(#10313515)
>It's not that peak oil didn't happen, or that it wasn't traumatic
What trauma do you mean?
Re:The sky's gone dark
by marcosdumay on Thursday October 01, 2015 @05:21PM
(#10314833)
You may not have noticed, but about the entire world has stopped growing by now.
Everything looks like growth will resume, but in a different way, and conditioned to a different social organization.
That's not because of high oil prices, it's because of financial chaos and general market turmoil. The oil boom across the Dakotas collapsed, but not because of lack of oil....?
Something like this? http://twincharts.com/dow-jones-oil.html
I'm pretty sure at least some future economic historians will argue that what really killed the economy in 2008 was the "superspike" in energy prices.
It's not that peak oil didn't happen, or that it wasn't traumatic. It did come, just like predicted, and we are on the way to adjust from a growth based society to a society where "if we work hard and right, we can improve the world!", and the transition has been traumatic, just like predicted.
Where predictions failed was that people expected a one in a 1000 years calamity (because it is a one in a 1000 years event), instead we got what looks like just a one in 100 years calamity.