PeakTrader.com

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PeakTrader said...

Using one source, particularly a source that overestimated the Soviet economy for decades (i.e. from the CIA), is not the most reliable methodology.

We need to look at actual data in the context of a sound model to find some realities:

1. There's a positive correlation between education and income. The U.S. has one of the highest per capita incomes and an even higher per capita standard of living than almost every country in the world, which is remarkable for a large country.

2. The U.S. not only leads the world in the Information and Biotech Revolutions (in both revenues and profits), it leads the rest of the world combined (the U.S. has less than 5% of the world's population).

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http://www.blogger.com/comment.g?blogID=28997633&postID=3055574758046194248

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PeakTrader said...

The fact remains, it will become increasingly harder and more expensive to extract oil, because cheap oil is being depleted quickly.

If the U.S. didn't have the weakest economic recovery in history, oil would've reached $150 a barrel again, or more, because of Peak Oil.

Technology will continue to improve. Nonetheless, global production will decline and prices will rise. We reached Peak Gold a decade ago. However, the technology hasn't improved enough to even replace lost production.

The higher price of oil caused the ND production boom, which began in 2008, as the chart shows. Even if oil reaches $200 a barrel, I doubt unconventional oil production will replace cheap oil depletion fast enough.

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PeakTrader said...

BxCapricorn says: "It's actually called a "fraction" of CEO salaries and benefits..."

CEOs normally don't cheat consumers-taxpayers, unless government is involved. If they did, their firms wouldn't be in business for long.

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http://www.blogger.com/comment.g?blogID=28997633&postID=4255467557766542388