The Daily Blog Open Mic – Friday 26th May 2017
Announce protest actions, general chit chat or give your opinion on issues we haven’t covered for the day.
Moderation rules are more lenient for this section, but try and play nicely.
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Brace for the oil, food and financial crash of 2018
https://medium.com/insurge-intelligence/brace-for-the-financial-crash-of-2018-b2f81f85686b
Few scientific research suggests that the world faces an imminent oil crunch, which will trigger another financial crisis.
A report by HSBC shows that contrary to the commonplace narrative in the industry, even amidst the glut of unconventional oil and gas, the vast bulk of the world’s oil production has already peaked and is now in decline; while European government scientists show that the value of energy produced by oil has declined by half within just the first 15 years of the 21st century.
The upshot? Welcome to a new age of permanent economic recession driven by ongoing dependence on dirty, expensive, difficult oil… unless we choose a fundamentally different path.
Yes that would seem to be an important part of the fragile structure of economics and resource depletion that is well under way.
In spite of reducing dependence on oil for energy, a shrinking economy will bring down our energy consumption as the global recession bring us a harsher but simpler lifestyle.
It will not be pretty are populations decline.
Food will be of prime concern and NZ should be making moves to become more resilient instead of chasing the import / export channel to increased vulnerability that we have been slavishly led to adopt.
But it is much more than oil scarcity that will drive the downturn.
Something to keep in mind in regards to Britain and terrorism
“Britain is now the second biggest arms dealer in the world, official government figures show – with most of the weapons fuelling deadly conflicts in the Middle East.
Since 2010 Britain has also sold arms to 39 of the 51 countries ranked “not free” on the Freedom House “Freedom in the world” report, and 22 of the 30 countries on the UK Government’s own human rights watch list.
A full two-thirds of UK weapons over this period were sold to Middle Eastern countries, where instability has fed into increased risk of terror threats to Britain and across the West.”
http://www.independent.co.uk/news/uk/home-news/britain-is-now-the-second-biggest-arms-dealer-in-the-world-a7225351.html
Brace for the oil, food and financial crash of 2018
https://medium.com/insurge-intelligence/brace-for-the-financial-crash-of-2018-b2f81f85686b
Few scientific research suggests that the world faces an imminent oil crunch, which will trigger another financial crisis.
A report by HSBC shows that contrary to the commonplace narrative in the industry, even amidst the glut of unconventional oil and gas, the vast bulk of the world’s oil production has already peaked and is now in decline; while European government scientists show that the value of energy produced by oil has declined by half within just the first 15 years of the 21st century.
The upshot? Welcome to a new age of permanent economic recession driven by ongoing dependence on dirty, expensive, difficult oil… unless we choose a fundamentally different path.
Oil is not the only crunch ahead and none of this stuff is new knowledge.
It has been mapped out for over 45 years and deliberately ignored.
It appears most people are living a myth called growth which has chewed up our planets resources.
Our infrastructure is so vast we cannot replace it nor maintain it when slight changes happen as they must.
Food supply will be the leveller. You know what happens when you don’t eat.
Politicians don’t want to know. Ignorant Voters seek perceived comfort not reality.