I already said let's assume it was because of peak oil. It doesn't matter to my point. You still won't answer my questions about the fed and interest rates, and it is very clear why.

Projection at its most transparent.

You can't even be honest about what I said, and you ignore the answers I do give, because your strategy is to just keep stalling and obfuscating the premise. It is very clear why.

As a cultist of traditional economic theory like you are, wouldn't you agree the market should set rates? Why does the Fed need to set them?

In any event, you're asking a question as if you assume I subscribe to traditional economic (growth imperative) theory. I don't.

I've been asking trolls like you since this thread started what has caused first-world nations to all resort to such desperate monetary tricks (for a condition that isn't really getting any better)? Your vague, surface response has been "subprime."

Lowering rates this drastically for this long is a sign of desperation. As is buying our own bonds at $85B/month for years. That's all I'm trying to get you to concede. Saying it's all because of a housing bubble 10 years ago misses the diagnosis, wildly. It's time to admit it.

Excluding someone from the thread intended to discuss moderation issues seems ****ing awful tbh.

https://en.wikipedia.org/wiki/Price_fixing

FEDHAWK.jpg

Once again, this is nonsense. You don't understand how technology comes into the picture.

Even if you were 100% right about the economics/physics/geology of oil, you still can't claim that it's inevitable for modern industrial society to experience degrowth. There are all sorts of possible technological advances in solar, nuclear, fusion, etc. that would make it possible.

Jiggs will always have an excuse for why he is wrong. That's ok. He has to deal with those facts.

No, that would be you who doesn't understand ... its limitations.

Well, I don't know about 100%... But certainly exponentially more than you are.

I just did. And an endless stream of global developments shows we're right on target.

It's funny when cornucopians pad their empty assertions with a lot of "possibles" "woulds" and "coulds."

We'd already be in degrowth mode if not for QEx and years of $85B in monthly bond purchasing. Growth has been maintained for the past 5-10 years entirely by unsustainable levels of debt. Obviously, that can not continue.

Lol. RIGHT ON TARGET. Jiggs, it's 2017.


Great! So we agree we're not in degrowth mode. Progress!

QE made more oils.

Sorta like: Muh credit card made more Xmas gifts.

Sort of:

http://money.cnn.com/2017/03/10/inve...ain/index.html

^ LOL!!!!...

so?

Unfortunately, you'd need at least 500 more of these of the same size to actually have a point.

Don't you get tired of saying that? You've said it for 8 years now.

Don't you get tired of pretending tiny finds like that (twice per year) do anything for your "no problem" argument? You've been relying on them for 8 years now.

Meanwhile, the global economy remains mired in sluggish, debt-based growth, and the extraction/refining industry is cannibalizing it's own assets for loan payments.

Eight years in, and the road map of predicted decline (and/or war because of it) by 2020 remains right on schedule.

Right about US peak. Right about global conventional peak. Right about unconventional's unsustainable bubble. I've seen little doubt the entities we rely on are gonna be right again about global production decline by 2020.

What is wrong with debt based growth?

No, I don't get tired of being right.

LOL. 2015 is now 2020, eh? Don't worry most of us should still be here in 3 years to mock you again.

And Jiggzzzzzz will still be declaring victory

I know people hate for this thread to be taken seriously, but..

http://fuelfix.com/blog/2017/03/09/s...in-late-2020s/

Of course, that doesn't mean Shell is planning on giving up.

https://www.theguardian.com/business...-in-wind-power

You're delusional, like Trump... You have about a 9% track record of being "right" on this overall issue. Most of the time, you end up embarrassing yourself.

Yes, you attempted this a few times before. And then I posted links to the numerous occasions I referenced 2020. I don't remember you having anymore clever retorts after that. You even acknowledged the 2020 assertion by me right here. Yet now, being dishonest like you are, you're pretending you never saw it.

2015 ended up being the fracking peak. We'll see if that holds. But 2020 is the date the Pentagon JOE rested on way back in 2008 for overall decline.

There's a time period between reaching the peak, and starting the decline. Of course, we've covered that about 3 dozen times too. And you know that.

WE. ARE. AT. PEAK.

we absolutely are...

I've been fueling my car using fake oil for a few years now.

Jiggs, that's you making a 2020 assertion in 2014. I've linked multiple times you posted 2015 - back in 2009.

Do you know how we know we were talking about your 2009 posts and not your 2014 posts? Because the current year is 2017. And 2017 - 8 = 2009. Not 2014.

You know how ****ed up the world has gotten when a major energy company cares more about climate change than the US Government.

And that's not to say I take Shell's actions all that seriously at this point.

LOL!!!!!! ... Please do stfu ... Every time you make the mistake of reviving this thread, you're left looking like a dishonest douche.

Jiggs in 2009, referring to 2020 global date:

Examine the hydrocarbon figures from any international agency the past several years.

http://www.guardian.co.uk/business/2...020-prediction

It's pretty simple, really.

Jiggs again in 2009:

http://www.amblondon.um.dk/en/menu/T...unning+low.htm

The country’s oil and gas reserves in the North Sea will run out by 2018 and 2020 respectively, an alarming report from the Danish Energy Agency states.

Jiggs, yet again in 2009 referring to 2020 decline:

Warning over global oil 'decline'

There is a "significant risk" that global production of conventional oil could "peak" and decline by 2020, a report has warned. The UK Energy Research Council study says there is a general consensus that the era of cheap oil is at an end, but it warns that most governments, including the UK's, exhibit little concern about oil depletion.

Jiggs, this time in early 2010, staying with the 2020 theme:

< 10 years, considering the new (optimistic) accepted date for peak is estimated at 2020.

Liar