European Tribune - Comments - Countdown to 100$ oil (21) - 8-page extravaganza in the Independent: 'we're doomed'

Countdown to 100$ oil (21) - 8-page extravaganza in the Independent: 'we're doomed' | 34 comments (34 topical, editorial, 0 hidden)

Re: Countdown to 100$ oil (21) - 8-page extravagan (none / 0)

What are the geopolitical and macroeconomic implications for the oild producers of $200 oil at 80mbd? They're already raking in more cask than they know what to do with at about $60.

I keep asking the same question over and over again, but soes anyone know where I can get my hands on a relatively up-to-date Leontieff model?

guaranteed to evoke a violent reaction from police is to challenge their right to "define the situation." --- David Graeber citing Marc Cooper

by Migeru (migeru at eurotrib dot com) on Sun Jan 22nd, 2006 at 03:34:58 PM EST

Re: Countdown to 100$ oil (21) - 8-page extravagan (none / 0)

With oil at those prices, I would expect high inflation. In part we would see a start to an economic shakedown where practices that require lots of energy (shipping food long distances, for example) will simply no longer be viable.

When I saw Deffeyes speak, he kidded about learning to like to eat turnips and potatoes.

by ericy on Sun Jan 22nd, 2006 at 08:48:07 PM EST
[ Parent ]

Re: Countdown to 100$ oil (21) - 8-page extravagan (none / 0)

I like turnips and radishes...

guaranteed to evoke a violent reaction from police is to challenge their right to "define the situation." --- David Graeber citing Marc Cooper

by Migeru (migeru at eurotrib dot com) on Mon Jan 23rd, 2006 at 05:38:29 AM EST
[ Parent ]

Re: Countdown to 100$ oil (21) - 8-page extravagan (none / 0)

To add to ericy's comment, this represents the kind of wealth transfer that we last saw in the colonial periods. So maybe that is the place to look for ideas of effects.

by Metatone (metatone [a|t] gmail (dot) com) on Mon Jan 23rd, 2006 at 04:32:17 AM EST
[ Parent ]

Countdown to 100$ oil (21) - 8-page extravaganza in the Independent: 'we're doomed' | 34 comments (34 topical, 0 editorial, 0 hidden)

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