Now the Beijing Olympics are over I would say that they will
go down in history as the peak of western civilization. As China opened up to
the western world, western civilization started on its downward death spiral.
As historians look back they will probably blame China because as China built
itself and the Olympics they helped to use up the last of the cheap oil.
In 2000 at the Sydney Olympics oil was under $30 a barrel
and the price had moved over $30 a barrel for the Athens Olympics say to around
$35 for the Olympics. Somewhere between Athens and Beijing we ran out of cheap
oil and by the time we got to Beijing oil had nearly taken out the $150 but
then it crashed back to under $120 a barrel. We could call this little spike in
oil the first oil shock attributed to peak oil. Now we could be on a plateau
where oil prices hover around this level before moving up for another leg on
the way to peak oil.
Between Sydney and Athens the price of oil went up about 50%
but between Athens and Beijing we are looking at a major move. From $35 to $70
is 100% and then from $70 to $140 is another 100% but it came off a bit so we
could honestly say the move was under 200% but not much under. So where to now?
I don’t know but I think with the world heading into recession oil use will
drop or level off. And then when economic activity resumes we will see the
price of oil take off again.
I would say from now on life will progressively get worse as
oil gets more expensive. And we will never see another Olympics as grand and
spectacular as the Beijing Olympics. The London Olympics was just an ordinary Olympics. China had set the standard and they will be very hard to beat.What a way to end an era.
For more gloomy stories about what we could expect very soon check out.
http://www.animalsdinosaursandbugs.com/Weakest-Link2.htm
Thank you for your time
Peter Legrove
The suburban survivalist
For more gloomy stories about what we could expect very soon check out.
http://www.animalsdinosaursandbugs.com/Weakest-Link2.htm
Thank you for your time
Peter Legrove
The suburban survivalist
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