RE:Your Sunday Oil/Energy ReadsInteresting articles Migraine.
I have a number of comments on a few of the points but will restrict myself to Point 4 in the zerohedge article regarding Limits to Growth.
In 1972, I was in Graduate School and as part of my duties for my scholarship, I was a Research Assistant to one of the Professors. The book Limits to Growth had just come out and he was able to procure the source code for their model. My job was to figure out how the model worked and then make simulations by changing some of the parameters/assumptions in the model to test the stability of their conclusions in the book. To make a long story short, the results published in the book were a special case and could not be duplicated by a any other combination of assumptions. Basically, another combination of assumptions created a sine wave of various amplitudes but no catastrophic Armageddon as advertized in the book. In layman's terms it meant that bad things happened but that the world regenerated itself.
Interesting result?
Was to me back then and especially now when I read articles by climate change people who say the world will end in X years and when I am out cycling I see a lushness in the forests and more wildlife than I have seen for years.
To me, these models and forecasts miss two fundamental things that have happened in the world since Day 1.....the ability of Nature/ecosystem to regenerate itself and the ability of Humans to adapt to changes and create solutions to problems.
As an investor, I put my money on companies that are finding the solutions. That is where the growth is and the money to be made.