Disliked{quote} go back pre 40 years,, that's where energy takes the world. all u.s. recessions since in the last 45 years were caused by oil spikes... that fact is less weighted now, to more null in the future. its more weighted to ones with, more energy cost comparably (Europe Asia). like it was prier to the 70ties. few of us here were trading then, there no experts. gold, oil, social unrest, in countries with oil, and many more things were posted before they were in the history books of today, and have long been posted here.. as well as the return of...Ignored
Still doing research...
QuoteDislikedIn 2005, the
QuoteDislikedUnited States Department of Energy published a report titled Peaking of World Oil Production: Impacts, Mitigation, & Risk Management.[124] Known as the Hirsch report, it stated, "The peaking of world oil production presents the U.S. and the world with an unprecedented risk management problem. As peaking is approached, liquid fuel prices and price volatility will increase dramatically, and, without timely mitigation, the economic, social, and political costs will be unprecedented. Viable mitigation options exist on both the supply and demand sides, but to have substantial impact, they must be initiated more than a decade in advance of peaking." Some of the information was updated in 2007
Think we missed that boat...
QuoteDislikedLater, in 2010, Hirsch developed a projection that global oil production would begin to decline by 2015
There is a 7 year cycle in America specifically....1987 black monday, 1994 bonds, 2001 dot com bubble, 2008 housing market, 2015?