PEAK OIL - EPOCHAL EVENT OF OUR LIVES

[HowardHughs]

The DOW topped Oct 2007 around 14,000 when crude was around 90.
From there the DOW and other global markets struggled and declined about 20% until oil topped at 147 in July 2008 and then the DOW went south from 12,000 to 6,500 in March 2009.
Peak Oil was the reason for the 2008 crisis but unless one is a Peak Oiler, Peak Oil came and went like a fart in the wind.
And now the world believes there is no energy problem in our future.
There is no rush to transition from crude oil because of Peak Oil but because of the Man-Made Global Warming myth and an insane fear of carbon dioxide.

With the global cooling cycle kicking in after a 15 year transition from the warming cycle we will see the next crisis in the next few years(DOW
top 35,000 June 2019 possible).Why?

Because food prices will rise from here due to declining food production caused by deteriorating growing conditions caused by the early stage of the new Little Ice Age.

The pattern is the same as Peak Oil but the consequences will be much more painful.

I don't think any society can prepare for the next crisis.

Peak Food is just around the corner and with it comes Peak Population perhaps in 2020.