[FoRK] Was the financial crisis the result of oil prices?

Eugen Leitl eugen at leitl.org
Mon Apr 27 14:03:11 PDT 2009


On Mon, Apr 27, 2009 at 03:36:49PM -0400, geege schuman wrote:
> And so argues Donald Trump: "As far as the economy is concerned, though,
> Larry, I'm afraid that if and when the economy does get going, you'll have
> OPEC raise its ugly head and come out and just raise oil prices again and
> kill it, because I think that OPEC had a lot to do with the failing of the
> world economy."

Some people still don't realize what Peak Oil and worsening EROEI means.
We've been below infrastructure replacement price for a while; when it
spikes again it's going to go right through a hole in the ceiling.

And there will be much wailing, and gnashing of teeth.
 
-- 
Eugen* Leitl <a href="http://leitl.org">leitl</a> http://leitl.org
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