https://ourfiniteworld.com/2016/08/08/an-updated-version-of-the-peak-oil-story/ |
Other, newer, more expensive kinds of production made up the difference;
As oil stocks are at record highs as the economy slows down,
which the press and the government can't admit;
Too much oil as an economic indicator is supposed to lead to lower asset prices,
but it's not, as global central banks print more than $180 billion a month
to keep everything looking aesthetic
There are too many people and not enough jobs
There are too many people and there isn't going to be enough food,
as the economy tanks and vendor payments and debt payments aren't made
More war coming
More war, debt defaults etc... = less oil production
More 1% bailouts with printed money
More fake news
More Zack Matheny
More Ponzi
Less oil production = less food, less transport, less global commerce, lower ability to keep the global population fed
Oil = modern food
Money = Oil and other finite physical resources
Some local vendors aren't getting paid by some large businesses
which means less pay and fewer jobs and wealth destruction
You won't read it in the paper