In the 80s interest rates hit 20percent and at one part old classic cars were cheap, as the first thing people sell when times are tough are there toys.. As interest rates came back to around normal the prices climbed again.
Least Thats how I remember it and after all I was kind of drunk most of the time lol.

The reason for high interest rates was iraq invaded iran. And oil went up very high ,this caused everything to rise ,demand was for higher wages, this caused inflation and interest rates to rise.
Less spare money caused unemployment as businesses slowed down.

The future is going to be tougher than any of us can imagine.
There have been 4 recessions in the last 40yrs but a depression is on its way.

A ression is just 2 quarters with no growth.

All previous ressions hav been due to oil. The 70s the gazza stip fight and the saudis shut supply.
At that point they only stopped not much more than 5percent of the world oil. But thats 5percent of a very large number.
The 80s iraq iran
the 90s gulf war.
etc.
The 70s
Think how that affected the usa and here in nz we had carless days.
You had to choose a day of the week not to drive your car, a sticker on the window told the police if you were ok to drive also the speedlimit was dropped from 100kmh to 80kmh

Only the middle east has not peaked in its production of oil.
The rest of the world has already peaked.. Meaning they get less oil from the ground every year.Thats over 50 countries that have peaked.

Once the middle east peaks which is about now ;0 the price will rocket up just like the cars and houses have. Supply and demand.

Unlike a bottle you can empty it at the same rate until dry, an oil field slows as the table drops further away.
You also get less fuel per barrel from the oil at the bottom as oppossed to the sweet oil at the top of a field.And it takes more energy to retrive it.

Once this happens and interest rates rise like previous people will sell there toys again to survive.. And thats because it will cause unemployment of around 10percent or more like the 80s.

Except there will be no fix because the oil will only get more expensive and scarcer

Of course you could believe we have an infinite supply.

Whats the alternatives.
Nuclear power for electricity to make hydrogen.
Sorry not enough uranium on the planet to run everything oh and the fact that to extract uranium you use fuel..but there still not enough uranium.. hence the usa using gas and coal.

How about solar electic.. yep that will work but by the time it comes online the poor wont have the money to buy it.

You think what 20percent interest rates will do to your parents or your self..

260,000 loan will cost $1000 per week on interest alone.. Still think you will have spare cash.

Sorry but you have to sell your homes.. House market collapse and values drop as so many sell up. Same as share market caused by less people buying goods due to interest on loans and higher rents eating up there spare cash.

How much LPG you have in Aust as here in NZ ours is on the deline. maui gas field is running low, other fields found but not big enough to keep production.

Huntly power station will run on coal as it has before.

Aust has Huge supplies of coal so you wont run out of power. If the greens let you use it.

Already Canada is using its oil sands ... Now you dont use this stuff unless its near the end of cheap oil.

The USA have passed a vote to allow all woman into DRAFT for the army between ages 18-35yrs you dont do this unless you think you will be having confilt.. That confict will be over the last reserves in the middle east..

Kuait is on deline in 1980 10 million barrels of oil a day. Today they stuggle to keep 2.5 million barrels a day.

The USA goverment will not tell its people of the close and yet imernent slow down in oil production.
Its believed that 50percent of a population wont believe it. The other 50percent will start hording it.. This will cripple the economy as people stop spending.

Ok so you dont believe its going to happen. On what information are you baseing this.. It almost certainly just a guess, What experts have you spoken to or learned from proberly none.

We all know it will run out some time but we all say nahh not in my life, as none of us living today have known any thing but cheap oil.

Hubbard predicted the usa peak of 1970 and he was correct.. He also predicted the world peak.. how ever this peak hasnt happened as the price spikes curbed demand by enough to prolong the peak.

Dubai is building a city for holidays for the richest people in the world.. WHY.. well his advices have told him that DUBAIs oil boom will be over by 2016 and they will be broke again.. So he thought the richest people in the world can always go on holiday and built his city for them.

As 50 countries supplies are depleating more demand is put on Saudi which will make it peak faster.

Already the north sea which supplied England since 1969 has peaked and as of 2006 england is now a net importer of oil. More demand from Saduis.

They have such high tech sizmic scanners that they can detect the smallest of pockets of oil in the ground. For every 1 barrel they find we use 4 barrels.

But for now enjoy your cars
I know I will.



If its not broke it will be soon

kieth, what a great essay, well done,,it appears to be true enough as well?
although i did think we had heaps of natural gas???
further there are other ways of cheaply utilizing the abundant energy around us? and for cars as well,? i am working on an i

I researched this topic extensively at Uni, heres a snippet to show just how bad it is:

As of January 2004, the world’s oil reserves were estimated at 1.025 trillion barrels (Oil – Proved Reserves 2006). Furthermore the world’s oil consumption in 2005

how did the the government & oil companies back in the day when the combustion engine was first invented know how much oil reserves there really was to go ahead & built so may automobiles .i understand later as the years went on they were able to estimat

All the alternatives like methane alcohol and bio diesel have one big draw back. It takes almost as much energy to plant fertilze harvest and refine.

The crops than the energy we get from them. Also the amount of land required is so huge and would eat

hey kieth,
mostly true,,but did you know an electric car, can blow most v8,s of the road? including drag cars? i know we stil need to recharge, but small wind solar etc will do this, on a micro scale?
the solutions are already here? all we will need is

In the making of certain foods, such as potato chips, hot vegetable oils are used which require specially designed hot oil pumps.

hey jbm,,,yes good thinking,,,i think small electric hire scooters, enclosed for comfort, and maybe trikes,,,they do this in some cities of europe.

ptpro

if it ever gets back to 17% it will ruin many many lives. i cant believe the trust people put in the government and how quickly they forget the past.

One thing that has always intrigued me about oil and its consumption is the amount of fuel cars use. Have you ever noticed it never changes very much?

If you go back to the early 1930s when all car manufacturers had finally settled on the same basic m

Edited by user Saturday, 11 August 2007 9:17:33 AM(UTC)  | Reason: Not specified