Machine Nation

Irish Politics Forum - Politics Technology Economics in Ireland - A Look Under The Nation's Bonnet


Devilish machinations come to naught --Milton
 
PortalPortal  HomeHome  FAQFAQ  SearchSearch  MemberlistMemberlist  UsergroupsUsergroups  RegisterRegister  Log in  GalleryGallery  MACHINENATION.org  

Share | 
 

 This Is Not Good News...

View previous topic View next topic Go down 
Go to page : Previous  1, 2
AuthorMessage
Guest
Guest



PostSubject: Re: This Is Not Good News...   Mon Jul 14, 2008 2:31 pm

Ohhh dear, this isn't good news. If this is what happens with a shortfall in oil supply of a few percent, I dread to think about what happens when the supply starts dropping by 5% per annum. We need renewables and fast. The peak oil theorists predicted the severe financial crash accompanying peak oil, what continues to frustrate me is the obvious inability of the capitalist market system to think more than 5 seconds ahead. Markets react rather than planning ahead, this, in my view, is their biggest flaw
Back to top Go down
Guest
Guest



PostSubject: Re: This Is Not Good News...   Mon Jul 14, 2008 3:28 pm

expat girl wrote:
Ohhh dear, this isn't good news. If this is what happens with a shortfall in oil supply of a few percent, I dread to think about what happens when the supply starts dropping by 5% per annum. We need renewables and fast. The peak oil theorists predicted the severe financial crash accompanying peak oil, what continues to frustrate me is the obvious inability of the capitalist market system to think more than 5 seconds ahead. Markets react rather than planning ahead, this, in my view, is their biggest flaw
I've been thinking about this lately - is it the fundamental issue with free market capitalism that it is a mechanism which cannot deal with time in general or in this case that it has no inbuilt mechanism to deal healthily with the interaction of human systems and (finite) nature?
Back to top Go down
Ex
Fourth Master: Growth
avatar

Number of posts : 4226
Registration date : 2008-03-11

PostSubject: Re: This Is Not Good News...   Mon Jul 14, 2008 3:33 pm

Auditor #9 wrote:
expat girl wrote:
Ohhh dear, this isn't good news. If this is what happens with a shortfall in oil supply of a few percent, I dread to think about what happens when the supply starts dropping by 5% per annum. We need renewables and fast. The peak oil theorists predicted the severe financial crash accompanying peak oil, what continues to frustrate me is the obvious inability of the capitalist market system to think more than 5 seconds ahead. Markets react rather than planning ahead, this, in my view, is their biggest flaw
I've been thinking about this lately - is it the fundamental issue with free market capitalism that it is a mechanism which cannot deal with time in general or in this case that it has no inbuilt mechanism to deal healthily with the interaction of human systems and (finite) nature?

I think the desire to make more money than is necessary to happily survive, is not compatible with living on the planet. Maybe there's a good reason why greed is one of the 7 deadly sins !! Shocked
Back to top Go down
View user profile
Guest
Guest



PostSubject: Re: This Is Not Good News...   Mon Jul 14, 2008 4:08 pm

Back to top Go down
Guest
Guest



PostSubject: Re: This Is Not Good News...   Mon Jul 14, 2008 4:40 pm

expat girl wrote:
Ohhh dear, this isn't good news. If this is what happens with a shortfall in oil supply of a few percent, I dread to think about what happens when the supply starts dropping by 5% per annum. We need renewables and fast. The peak oil theorists predicted the severe financial crash accompanying peak oil, what continues to frustrate me is the obvious inability of the capitalist market system to think more than 5 seconds ahead. Markets react rather than planning ahead, this, in my view, is their biggest flaw

Utter rubbish, the stock exchange falls in anticipation of profit reductions years ahead. Look at the ISEQ for example, it has fallen well in advance of the profitability troubles Irish plcs have encountered.

Currencies also rise and fall months ahead of Central Bank decisions, current account news, economic releases and so on.

Prices of oil are rising rapidly in sympathy with what you speak of, ie 5% falls in supply per annum. The market is adjusting to this future reality.

In all this, equity, currency and commodity markets are thinking more than 5 seconds into the future and are a leading indicator of future reality. They assign prices to these realities and are a very efficient means of doing it.

I have more faith in market mechanisms than some government bureaucracy.
Back to top Go down
Guest
Guest



PostSubject: Re: This Is Not Good News...   Mon Jul 14, 2008 4:47 pm

Ard-Taoiseach wrote:
Prices of oil are rising rapidly in sympathy with what you speak of, ie 5% falls in supply per annum. The market is adjusting to this future reality..

The price of oil rises every time somebody puts the words War and Gulf in the same sentence.
Back to top Go down
Guest
Guest



PostSubject: Re: This Is Not Good News...   Mon Jul 14, 2008 4:49 pm

Lestat wrote:
Ard-Taoiseach wrote:
Prices of oil are rising rapidly in sympathy with what you speak of, ie 5% falls in supply per annum. The market is adjusting to this future reality..

The price of oil rises every time somebody puts the words War and Gulf in the same sentence.

True, but isolated incidents like that happen in every market. Over the long run, the market puts a good price on things.
Back to top Go down
Sponsored content




PostSubject: Re: This Is Not Good News...   

Back to top Go down
 
This Is Not Good News...
View previous topic View next topic Back to top 
Page 2 of 2Go to page : Previous  1, 2
 Similar topics
-
» Service Dog Dora! Good news
» Finally- some good news- service dog
» Good News!
» GOOD NEWS- EDP on weekends
» Low carb and good news!

Permissions in this forum:You cannot reply to topics in this forum
Machine Nation  :: Business and Finance :: Economy, Business and Finance-
Jump to: