Now We Can All Relax - Goldman Sachs Says Technology (TM) Will Save Us From Peak Oil

[hatrack]

EDIT

Lastly, Goldman takes on the topic of "peak" oil - in summary, the firm claims, it is not a concern. All you who believe commodities are the safe haven from fiat FRN destruction, well - you are simply naive. Goldman said so.

Goldman's desire of status quo perpetuation is evident and for obvious reasons. Yet, things are now different, because while the financial system did not collapse in September 2008 as it should have in order to get a fresh start, the moment of reckoning has been delayed for as long as the US can churn auction after non-failed treasury auction. In that sense, yes, it is different this time. And with that one can easily assume that all of Goldman's assumptions about a linear future are incorrect. The only question is how long into the future will the current "adjustment" period of pretend reality extend, and what happens when the emperor can not issue another $40 billion in 3 Year Bonds to buy some more non-existent clothing.

EDIT/END

http://www.zerohedge.com/article/goldman-takes-stab-gold-bugs-and-oil-peakers-says-dollar-will-flourish

[MisterP]

1. Ray Kurzweil says the same thing: of course, he's just waiting for a comet to pass by

so his flock can release their spirits and escape to Pluto, where they have a nerd-rapture Singularity

ditto "you're questioning the cornucopia science has given us!" Julian Simon

[wuvuj]

2. And here is the REAL SCOOP...you should prepare?

>>>>> a 3 part video....how to prepare for the END of cheap oil..... :think:

http://www.postpeakliving.com/preparing-post-peak-life

[phantom power]

3. Mysteriously, that does not soothe me.

[Terry in Austin]

4. Well, that's a load off!

Show up at the window with enough money, and God will put more oil in the ground