Seriously, oil? Peak oil? Your actuary is not an oracle but he is a time traveler. He comes from the year 1973. There is a reason his charts are “complex” because they are bullshit. That is perhaps too harsh, more precise to say they are meaningless, they are like a logical contradiction, they seem to convey some actual information about the state of affairs in the world, that a certain thing cannot be or is impossible but they do not, they convey nothing, for they are nonsense. A logical contradiction tells you nothing. It conveys no actual information it only seems too. Notice how with only two minor changes the “price problem” with oil becomes the price problem with anything you want. Prices are always too high for consumers and they are always too low for producers. That is the nature of a capitalist economy especially one as cut throat and competitive as ours. It is the equilibrium position. Far from representing some sort of warning clarion for a society ending catastrophe it represents the norm, the average, the everyday. It is about as middling a condition as one could possibly dream up.
Drawing a giant red circle with what appears to be a crayon around some portion of the “chart data” and saying “producers started complaining about too low prices” is one of the most inane and ridiculous things I have yet seen in a supposed serious issue chart or graph. Producers are always complaining about too low prices. I fixed it for accuracy, see Figure 3.
And then we come to interest rates, the ultimate placeholder. The rate you love to hate, its bad, its good, its great, a learned man I imitate, but all the while I celebrate, the sucker and his sorry fate. No wait, that rate aint great, I hate that rate, allow me to tabulate, never early never late, my best friend the interest rate. Never has a number that in reality means so little been imbibed with such awesome power. The number that will save our economy or the global economy or it will destroy them. One can never really say because you can cherry pick just about any data set and plot it against interest rates and tell whatever story you want to tell.
Our intrepid time traveling oracle says “ Interest rates are very important in determining when we hit “Peak Economy.” As I will explain in this article, falling interest rates between 1981 and 2014 are one of the things that allowed Peak Oil to be postponed for many years.” Interesting you say that because it took me two seconds of a google search to find this answer to the question of Are interest rates and oil prices correlated? A:Yes. No. Maybe. Definitely. Theories abound as to what, if any correlation exists between those two very different things. Most of the theories directly contradict each other. This is what I like to call a “clusterfuck” and is a prime symptom of the disease I call tryingtomakesomethingfromnothingitis, or IcansaysomecrazyshitbecauseIknowhowtouseexceltoplotsetsofnumbersinachartformatitis.
Perhaps the world is going to hell in a handbasket but interest rates have nothing and at the same time everything to do with it. Also, peak fucking oil, are you fucking serious, in 2017, really? Let me guess, I should be putting all of money in gold too.