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Author Topic: 🚩 Global Climate Chaos ☠️  (Read 68798 times)

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AGelbert

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Re: 🚩 Global Climate Chaos ☠️
« Reply #1380 on: June 24, 2018, 03:44:03 pm »
Quote
RE: That graph only goes through 2004.  What do the latest real data points look like? ???

BP(2018) shows production in 2004 was 81.1 Mbpd and in 2017 was 92.6 mbpd - that's a 14% increase in 13 years. (1.01% / year, after 20 years of 1.6%).  That includes fracked oil , tar sands and Natural Gas Liquids.  The split between Crude and Condensate is unknown since nobody collects the data ( ! ) so we can't tell how much is fracked.  However we do know fracking only came on stream in 2006, just in time for the Peak in Crude Only in 2005.  Fracking has never made a profit and as soon as USG/Fed stops backing the losses, the whole lot will collapse in a heap overnight, causing a major financial shock, which will bring down the Dollar and Industrial Civilisation.

Amazon, Tesla, Facebook and numerous other Industrial Civilization ventures have never made a profit either, but that doesn't stop the  TBTF Banks from buying their corporate paper with money borrowed from Da Fed.  In fact, Steve's analysis shows no industrial enterprise from the railroads to carz to planes ever made a real profit, all these industries grew on credit and eventually went BK, to then be bailed out by Da Goobermint and the debt shifted (in theory) to the tapayer.  The taxpayer of course can't afford to retire this debt either, so the total debt keeps increasing as long as the enterprises are kept running.

Since as you say they must have an endless credit line to keep running, it's unlikely Da Fed will cut off that credit because then it means not just the end of Industrial Civilization but the end of their hegemony over the world, through the credit they issue to the MIC to buy planes, drones and bombs.  There will either have to be some sort of credit lockup or the resources become unavailable no matter how much credit you issue.  Another possibility is that the resource controllers who actually still have some oil left underground they can pump up stop taking the credit in payment, aka they abandon the Dollar.  However, since they hold so much of their reserves in Dollars. this amounts to cutting off your nose to spite your face.  It's why nobody has quit on the whole system yet.  It will of course inevitably occur, but the timeline on it still remains obscure.

RE

Rob not the poor, because he is poor: neither oppress the afflicted in the gate:
For the Lord will plead their cause, and spoil the soul of those that spoiled them. Pr. 22:22-23

 

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