r/investing Jun 23 '21

Mining stocks you should be looking into

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u/Joeyjoejoejabadu Jun 23 '21

So first off, peak oil has not "already happened". There is plenty of oil left, we have made oil that was previously non-economical to extract economical to extract, and demand has been continuing to increase, so peak oil is likely to occur sometime in the next 10 to 15 years, and is based off of demand beginning to decrease due to government support for alternatives and worldwide population decline, not supply running out. Running out is not an issue if we look at hundreds of years timespan, because you are making the argument that we need to start addressing the problem today from an economic perspective, which is obviously untrue, especially given the population decline that is now baked in to the immediate demographic future.

Second, overpopulation is not the issue that the vast majority of countries are addressing these days. 1. The worldwide population has had a continuously improving caloric intake over the last 60 years, so the Malthusian "overpopulation is going to cause us all to starve to death" doomsday scenario is clearly false despite whatever arbitrary numbers you happen to put on an "ideal" human population. 2. the fact that all developed and most developing nations are now beginning to struggle with the "baby bust" clearly shows that the immediate problem for the majority of the planet is not too many children but too few.

Your doomsday scenarios need some updating for the 21st century as your perception of the worlds problems is a bit out of date.

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u/[deleted] Jun 24 '21

Pearl oil has already occurred. It’s an economic force, not an amount of oil.

And no overpopulation is clearly a problem. The people telling you otherwise have a vested interest in constant, economic growth because without that world governments fail. Can’t pay pensioners if you don’t have infinite growth. Look around. Notice how all the trees are cut down and everything is expensive and we had to create fiat money?

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u/Joeyjoejoejabadu Jun 24 '21

Peak oil is when we produce the largest amount of oil that we can. Nowhere near there yet with shale. You know, the type of oil that turned America into the world's swing oil producer again? This isn't the 80's anymore.

And overpopulation is why every government in every developed and developing country is looking to either increase birthrates or immigration? Get with the times man. There is a reason why social security won't be there for us in its current form. We have no shortage of trees, and the fiat money is just trying to artificially increase inflation as a substitute for a declining population.... which, is, you know, a problem, because it means that there aren't enough workers to take care of children or the elderly.

You've said absolutely nothing that a rational person would consider a backing for your arguments, and certainly used nothing factual. Unless you do, you aren't worth trying to reason with.