10,000 Italians swarmed the streets of Rome, burning NATO flags and protesting soaring costs of living which they connect to the war in Ukraine. According to the latest poll by EuroWeek News, only 38% of Italians are for weapons shipments to Ukraine.

submitted by EthnocratArcheofuturist from self.debatealtright

sorted by:
top
newinsightfulfun
you are viewing a single comment's thread.

view the rest of the comments →

[–]DragonerneJesus is white 2 insightful - 1 fun2 insightful - 0 fun3 insightful - 1 fun -  (3 children)

There is a meme with it and I'll share it with you when I stumble upon it.

Every decade they say "oil is running out"

[–]EthnocratArcheofuturist[S] 4 insightful - 1 fun4 insightful - 0 fun5 insightful - 1 fun -  (2 children)

This is bullshit. Hubbert himself said the US would reach peak oil by the 1970s, which happened. The shale bubble has revived American oil production, but it's a bubble nonetheless. It's ERoEI is too low and it's been propped up by massive amounts of debt. Hubbert also said that the world would reach peak oil by the 2000s, which, again, happened: https://www.nationalgeographic.com/science/article/101109-peak-oil-iea-world-energy-outlook

It's one of the reasons why the financial crisis of 2007–2008 happened. That crisis was partly sparked by an oil shock. The shale bubble pushed this date up by about a decade. Global peak oil now probably happened in November 2018.

By the way, Hubbert's predictions were about conventional oil. Shale oil is unconventional oil. So, technically Hubbert was spot-on.

[–]DragonerneJesus is white 4 insightful - 1 fun4 insightful - 0 fun5 insightful - 1 fun -  (1 child)

I saw your other post and I find your knowledge on this subject very interesting. Thank you. If you have time, it would be nice if you could make more articles/posts about this subject in the future too. I liked your earlier post about renewables too

[–]EthnocratArcheofuturist[S] 4 insightful - 1 fun4 insightful - 0 fun5 insightful - 1 fun -  (0 children)

Thanks, and yes, I'll make future posts about this.