Mutant Zombie Biker
Posts: 150
Joined: Sat Jul 16, 2011 3:14 pm
Re: The Politics of Peak Oil
PetroApocalypse wrote:OldNorseman wrote:As you can see, Global Trade has come to a halt.
Nothing can be transported profitably.
Sorry, but the BDI (Baltic Dry Index) can not be used as a measure of how much goods is being transported.
Hey look, a definitive statement backed up by absolutely nothing. Nice.
Hey, if you look carefully, you'll find a few statements from the posters above that are backed up by absolutely nothing: “As you can see, Global Trade has come to a halt. Nothing can be transported profitably.”
The trouble with using graphs in a very biased forum like this one, is that people will get away with posting anything as long as it confirms the general bias of the forum. If the BDI surged, no one would bother mentioning it. The only things that will get posted here is gloomy news. And since most folks already have made up their mind as where this is going and in which speed, any gloomy news will do, even if it is plain bullshit, because such news basically has just one point, and that is to confirm doomers in their belief, much the same way BAU-ers will interpret any news in light of the near past.
In my view is unhealthy if every graph pointing down is taken as sure sign of doom, while everything going up is diagnosed as a soon-to-burst bubble.
From Tickerforum.org:
2010 - Dry bulk demand +12% BDI dropped 46%
2011 - Dry bulk demand +5% BDI dropped 25%
http://tickerforum.org/akcs-www?post=201280&page=1
I’ll start a BDI thread here, if anyone is interested in discussing: why-the-baltic-dry-index-is-irrelevant-t6456.html
But really, it would be far better to discuss how this forum is working.
http://www.energyconservationinfo.org/compendium.htm#9.4%20%20Formulas



