Spotty Ginger Kid on Newsnight re the debt crisis

[tynevalleyblackcat]

Looks about 13.

Not being funny but, what the hell would he know about anything much? The world is in financial turmoil and the BBC go down to the city and hold an interview with the office boy

The daft thing is that nobody seems to get the real cause of all this. Its all about oil. Its running out and this much vaunted recovery is impossible to achieve without increasing quantities of it. Instead we have DECREASING quantities of it. Why are the middle East countries suddenly interested in Football, the Olympics, Tourism, Man Built Islands etc, when they were anonymous during their true boom times in the 70's and 80's? The simple answer is that they know they are running out (despite what they tell OPEC about their reserves to keep their influence). They are desperate not to return to what they were before the oil, i.e nomadic camel herders.

The world oil price has been rising at a time of stagnation. Why? Stop and think what will happen if we actually recover and demand for oil picks up? Its a no brainer. Massively rising oil costs will strangle any recovery at birth. It was predicted many years ago and is coming home to roost big time. We should have been planning for this 40 years ago and we failed.

This is not and never really was a credit crunch. Its a fuel crisis and its terminal.

[EcosseMackem]

Originally Posted by tynevalleyblackcat

Looks about 13.

Not being funny but, what the hell would he know about anything much? The world is in financial turmoil and the BBC go down to the city and hold an interview with the office boy

The daft thing is that nobody seems to get the real cause of all this. Its all about oil. Its running out and this much vaunted recovery is impossible to achieve without increasing quantities of it. Instead we have DECREASING quantities of it. Why are the middle East countries suddenly interested in Football, the Olympics, Tourism, Man Built Islands etc, when they were anonymous during their true boom times in the 70's and 80's? The simple answer is that they know they are running out (despite what they tell OPEC about their reserves to keep their influence). They are desperate not to return to what they were before the oil, i.e nomadic camel herders.

The world oil price has been rising at a time of stagnation. Why? Stop and think what will happen if we actually recover and demand for oil picks up? Its a no brainer. Massively rising oil costs will strangle any recovery at birth. It was predicted many years ago and is coming home to roost big time. We should have been planning for this 40 years ago and we failed.

This is not and never really was a credit crunch. Its a fuel crisis and its terminal.

i was told at school in the 70's that unless they found oil fields the size of the North Sea Fields every 5 years that the oil would run out by 2000 - they must have found a couple

Originally Posted by tynevalleyblackcat

Looks about 13.

Not being funny but, what the hell would he know about anything much? The world is in financial turmoil and the BBC go down to the city and hold an interview with the office boy

The daft thing is that nobody seems to get the real cause of all this. Its all about oil. Its running out and this much vaunted recovery is impossible to achieve without increasing quantities of it. Instead we have DECREASING quantities of it. Why are the middle East countries suddenly interested in Football, the Olympics, Tourism, Man Built Islands etc, when they were anonymous during their true boom times in the 70's and 80's? The simple answer is that they know they are running out (despite what they tell OPEC about their reserves to keep their influence). They are desperate not to return to what they were before the oil, i.e nomadic camel herders.

The world oil price has been rising at a time of stagnation. Why? Stop and think what will happen if we actually recover and demand for oil picks up? Its a no brainer. Massively rising oil costs will strangle any recovery at birth. It was predicted many years ago and is coming home to roost big time. We should have been planning for this 40 years ago and we failed.

This is not and never really was a credit crunch. Its a fuel crisis and its terminal.

I have been living in oil country for 35 years.
I was told back in the 70s that the oil in Saudi would be gone by 2020.
When BP developed the Saudi oil fields in the 50s they immediately began injecting water down the wells to increase flows,injecting water is usually done in the final stages of the life of the well.

[Occam's Razor]

We run out of things all the time.

We'll run out of oil in about 60/70 years time, but nobody will even notice because everything will be fuelled by something else.

Originally Posted by Occam's Razor

We run out of things all the time.

We'll run out of oil in about 60/70 years time, but nobody will even notice because everything will be fuelled by something else.

This may be true,but nothing will replace oil in terms of creating jobs or wealth

[The Hooded Claw]

Originally Posted by tynevalleyblackcat

Looks about 13.

Not being funny but, what the hell would he know about anything much? The world is in financial turmoil and the BBC go down to the city and hold an interview with the office boy

The daft thing is that nobody seems to get the real cause of all this. Its all about oil. Its running out and this much vaunted recovery is impossible to achieve without increasing quantities of it. Instead we have DECREASING quantities of it. Why are the middle East countries suddenly interested in Football, the Olympics, Tourism, Man Built Islands etc, when they were anonymous during their true boom times in the 70's and 80's? The simple answer is that they know they are running out (despite what they tell OPEC about their reserves to keep their influence). They are desperate not to return to what they were before the oil, i.e nomadic camel herders.

The world oil price has been rising at a time of stagnation. Why? Stop and think what will happen if we actually recover and demand for oil picks up? Its a no brainer. Massively rising oil costs will strangle any recovery at birth. It was predicted many years ago and is coming home to roost big time. We should have been planning for this 40 years ago and we failed.

This is not and never really was a credit crunch. Its a fuel crisis and its terminal.

Which John Pilger article did you steal that from?

[Occam's Razor]

Originally Posted by mick18

This may be true,but nothing will replace oil in terms of creating jobs or wealth

If someone had suggested 60 or 70 years ago that oil would be such a massive creator of jobs and wealth, they'd probably have been considered mental and locked up. Things change.

[tynevalleyblackcat]

Originally Posted by The Hooded Claw

Which John Pilger article did you steal that from?

In all seriousness, I do not even know who he is.

[Liz]

Originally Posted by tynevalleyblackcat

In all seriousness, I do not even know who he is.

he's suggesting you are the Johann Hari of the SMB. I'd bray him like.

Originally Posted by Occam's Razor

If someone had suggested 60 or 70 years ago that oil would be such a massive creator of jobs and wealth, they'd probably have been considered mental and locked up. Things change.

Mate im not a Luddite,i have made a very good living in the oil patch for over 35 years,my son is doing the same now.
I am all for new technology but the downturn in the oil industry( and it is coming) will have a major impact worldwide