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coksiw 12-02-2020 04:55 PM

Collapse
 
Predicting a -70% population drop in the US by 2025, and a tremendous drop in military expending:

https://www.deagel.com/forecast


This authors attributes it to Oil production collapse:

https://www.theamericanconservative....in-the-future/



It seems a little bit fantasy to me, but I do know oil production changes can be catastrophic to the economy, and can happen suddenly.

I think if the gov't envisions the situation in time, it could smooth it out by subsidizing the oil industry to make it "profitable".

Esaias 12-02-2020 05:15 PM

Re: Collapse
 
Folks been talking about Deagel for a couple years I think. Nobody has any hard data on who they are or what they are saying, if they have inside info or if it's total bunk fantasy, or what.

A weird anomaly, in other words.

Originalist 12-02-2020 06:10 PM

Re: Collapse
 
There is no oil shortage in this country.

coksiw 12-02-2020 06:40 PM

Re: Collapse
 
Quote:

Originally Posted by Originalist (Post 1597027)
There is no oil shortage in this country.

It is not shortage. It is extraction being more costly than the price they can sell it for, increasing the possibility of a crash and then a drop in extraction.

The correction could shake the economy badly, unless the gov’t smooths it out with subsidies by printing money.

Evang.Benincasa 12-02-2020 06:59 PM

Re: Collapse
 
Good God from Zion!

Esaias 12-02-2020 07:15 PM

Re: Collapse
 
Peak oil is a myth. Oil is produced within the earth.

Evang.Benincasa 12-02-2020 08:04 PM

Re: Collapse
 
Quote:

Originally Posted by Esaias (Post 1597034)
Peak oil is a myth. Oil is produced within the earth.

Thank you

:highfive

Esaias 12-03-2020 12:13 AM

Re: Collapse
 
Republicans and Democrats doing what Republicans and Democrats do - Selling America out to foreign interests:

https://www.twitter.com/SenKevinCram...05368952934408

Evang.Benincasa 12-03-2020 09:46 AM

Re: Collapse
 
Quote:

Originally Posted by Esaias (Post 1597078)
Republicans and Democrats doing what Republicans and Democrats do - Selling America out to foreign interests:

https://www.twitter.com/SenKevinCram...05368952934408

What! But I thought the Republicans were the Avengers, led by Captain America! Yibambe!

:lol


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