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    With an ever-lower cost of debt, the economy has had a hidden tailwind pushing it long between 1981 to 2020. Now that interest rates are again rising, the danger is that a substantial portion of this debt bubble may collapse. My concern is that the economy may be headed for an incredibly hard landing because […]
  • By Gaia Gardener: On Suffering 15 maj, 2022
    Buried in the comments of the last post we discussed human overshoot and what should be done about it. I proposed our goal should be to minimize suffering and that the best path to achieving this goal is awareness of Ajit Varki’s Mind Over Reality Transition (MORT) theory. My view, in summary, is that when […]
  • Why do Natural Gas & Oil cost so much? 21 maj, 2022
    Preface. Below are excerpts from U.S. House & Senate hearings where various speakers made the case that due to tight fracked gas & oil the United States had 100 or 200 or even 250 years of Energy Independence ahead.  For … Continue reading →

Bundeswehr och 'Peak Oil'

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Nu kommer det även rapporter om att Bundeswehr, Tyska armen, även dom ser en energikris i faggorna. Men det kanske är lika som i England att man inte vill släppa rapporten helt.

The scenarios outlined by the Bundeswehr Transformation Center are drastic. Even more explosive, politically, are recommendations to the government that the energy experts have put forward based on these scenarios. They argue that ”states dependent on oil imports” will be forced to ”show more pragmatism toward oil-producing states in their foreign policy.” Political priorities will have to be somewhat subordinated, they claim, to the overriding concern of securing energy supplies.

Här är en rätt intressant del under punkt 3.

3.2. Systemic risk whilst crossing the ”Tipping Point”
– Total Liquids production declines
– Short term, the world economy contracts proportionally to the decline of oil supply
– Medium term, the global economic system and every market economy collapse (see also bullet point 4 of my initial post)

Investment will decline and debt service will be challenged, leading to a crash in financial markets, accompanied by a loss of trust in currencies and a break-up of value and supply chains – because trade is no longer possible. This would in turn lead to the collapse of economies, mass unemployment, government defaults and infrastructure breakdowns, ultimately followed by famines and total system collapse

Det finns en längre kommentar på The Oil Drum och ett inlägg här.

’Peak Oil’ and the German Government: Military Study Warns of a Potentially Drastic Oil Crisis – SPIEGEL ONLINE – News – International.

Uppdaterat med en punkt 3 om systemisk risk vilket är väldigt tydlig, vi har behandlat detta förut.

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