Quote from: RE on Dec 25, 2025, 06:27 PMBoth the Ruskies and the Saudis have to keep pumping to keep their economies afloat at such low prices. Demand destruction on the global level is moving at a faster pace than the supply shrinkage. There is insufficient credit being dished out on the consumption side to maintain growth and high demand. Most of the 1st world economies that pull consumption are up to their eyeballs in debt and are no longer credit worthy customers. 3rd world countries aren't growing enough to compensate so the whole economic cycle is broken. What most Peak Oilers never got was that the prooblem was much more an economic one than a supply one. Really, the only 3 who ever really got it were Nicole, Steve and me.
RE
Nicole Foss I presume, but who is Steve? And if it is Nicole Foss, what did she get that caused her to run off and hide in a "world is ending" type commune? She "got" something that never happened? Doesn't exactly give her economic credentials worth spit.
Here is Nicole...presenting on how she fixed her home for peak oil in 2011. You know....the one that the suckers fell for, as compared to the one that occured a decade or more later (depending on WHICH peak oil claim someone fell for early in the century). i don't have when exactly Nicole got involved in the 'Run for the hills, peak is coming!", she didn't seem to be involved much on the technical side, more on the fru-fru "I like the idea of resileince so I'll pimp peak like everyone else because it is popular". I trended towards the alleged technical folks.
https://www.youtube.com/watch?v=ESYAix1QD1E