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Peak Oil is today. What do we do?

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  • #46
    Re: Peak Oil is today. What do we do?

    Originally posted by Kidicious
    This thread isn't for debating whether or not Peak Oil will occur, but what to do after it occurs. Assume that Oil production starts to decrease and the market does not react to the increasing prices. What do we do?
    since we're part of the market, and you assumed the market does not react, we do nothing, of course. You've assumed away any possible reaction.

    Other than I suppose a non-market one, like a state action. So we have the state make (by fiat) all the demand and supply side substitutions the market would have done. If you hadnt assumed no market reaction.
    "A person cannot approach the divine by reaching beyond the human. To become human, is what this individual person, has been created for.” Martin Buber

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    • #47
      i dont see how if supply changes, the market does nothing. thats kinda strange to me. but dont tell me that, ive only got an A in advanced microeconomics.
      "Everything for the State, nothing against the State, nothing outside the State" - Benito Mussolini

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      • #48
        Re: Re: Peak Oil is today. What do we do?

        Originally posted by lord of the mark
        Other than I suppose a non-market one, like a state action. So we have the state make (by fiat) all the demand and supply side substitutions the market would have done. If you hadnt assumed no market reaction.
        Right, but what should the state/s do? How would you use the oil that you had to solve the problem?
        I drank beer. I like beer. I still like beer. ... Do you like beer Senator?
        - Justice Brett Kavanaugh

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        • #49
          Re: Re: Re: Peak Oil is today. What do we do?

          Originally posted by Kidicious


          That only works for vultures, what about the rest of us.
          It's just as realistic as your scenario.
          When all else fails, blame brown people. | Hire a teen, while they still know it all. | Trump-Palin 2016. "You're fired." "I quit."

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          • #50
            Originally posted by Lawrence of Arabia
            i dont see how if supply changes, the market does nothing. thats kinda strange to me. but dont tell me that, ive only got an A in advanced microeconomics.
            micro?
            I drank beer. I like beer. I still like beer. ... Do you like beer Senator?
            - Justice Brett Kavanaugh

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            • #51
              ya, thats what we are looking at here, how does the consumer change his consumption when the price of one good increases. (or, what actions can the govt do to influence changes in demand, and what is the cheapest way of doing it)
              "Everything for the State, nothing against the State, nothing outside the State" - Benito Mussolini

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              • #52
                Curb wasteful uses of oil, I suppose. More than we are now.

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                • #53
                  I didn't mean to insult actually.
                  No, what I meant was that I don't wish to insult you, so I will not reply further.
                  I came upon a barroom full of bad Salon pictures in which men with hats on the backs of their heads were wolfing food from a counter. It was the institution of the "free lunch" I had struck. You paid for a drink and got as much as you wanted to eat. For something less than a rupee a day a man can feed himself sumptuously in San Francisco, even though he be a bankrupt. Remember this if ever you are stranded in these parts. ~ Rudyard Kipling, 1891

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                  • #54
                    Originally posted by Lawrence of Arabia
                    ya, thats what we are looking at here, how does the consumer change his consumption when the price of one good increases. (or, what actions can the govt do to influence changes in demand, and what is the cheapest way of doing it)
                    You got an A in microeconomics and you think it has something to do with the govt?
                    I drank beer. I like beer. I still like beer. ... Do you like beer Senator?
                    - Justice Brett Kavanaugh

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                    • #55
                      Originally posted by DanS


                      No, what I meant was that I don't wish to insult you, so I will not reply further.
                      gotcha.
                      I drank beer. I like beer. I still like beer. ... Do you like beer Senator?
                      - Justice Brett Kavanaugh

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                      • #56
                        You got an A in microeconomics and you think it has something to do with the govt?

                        yeah, actualy it does, especially when comparing the effects of welfare, subsidies, and cash handouts, and the cost and effects of each on the consumer.
                        "Everything for the State, nothing against the State, nothing outside the State" - Benito Mussolini

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                        • #57
                          What college do you go to LoA?
                          I drank beer. I like beer. I still like beer. ... Do you like beer Senator?
                          - Justice Brett Kavanaugh

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                          • #58
                            (check PM box)
                            "Everything for the State, nothing against the State, nothing outside the State" - Benito Mussolini

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                            • #59
                              Originally posted by Lawrence of Arabia
                              yeah, actualy it does, especially when comparing the effects of welfare, subsidies, and cash handouts, and the cost and effects of each on the consumer.
                              True, but the issue is macroeconomic, because it concerns the effect on the whole economy, and what govt action would, or wouldn't, be appropriate.
                              I drank beer. I like beer. I still like beer. ... Do you like beer Senator?
                              - Justice Brett Kavanaugh

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                              • #60
                                You can post in this thread or my skull sucking locust aliens thread, which is more realistic. Btw, when the aliens land and start rounding up humans for brain food, it will likely effect the markets.

                                I want to be perfectly clear on that.
                                Long time member @ Apolyton
                                Civilization player since the dawn of time

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