HSBC Investor Report on Energy
LewisLucanBooks posted a link to the HongKong and Shanghai Banking Corporation's recent report on Energy. HSBC is the sixth largest bank in the world with over $2.5 billion in managed assets, so they might just have an interest in this.
The link to the report is here: https://drive.google.com/file/d/0B9wSgViWVAfzUEgzMlBfR3UxNDg/view (download and store before it disappears)
This article on Alternet does a good job of explaining the findings:
"A report by HSBC shows that contrary to industry mythology, even amidst the glut of unconventional oil and gas, the vast bulk of the world’s oil production has already peaked and is now in decline, while European government scientists show that the value of energy produced by oil has declined by half within the first 15 years of the 21st century.
The upshot? Welcome to a new age of permanent economic recession driven by ongoing dependence on dirty, expensive, difficult oil—unless we choose a fundamentally different path.
Last September, a few outlets were reporting the counterintuitive findings of a new HSBC research report on global oil supply. Unfortunately, the true implications of the HSBC report were largely misunderstood.
New scientific research suggests that the world faces an imminent oil crunch, which will trigger another financial crisis.
The HSBC research note — prepared for clients of the global bank — found that contrary to concerns about too much oil supply and insufficient demand, the situation was opposite: global oil supply in coming years will be insufficient to sustain rising demand.
Yet the full, striking import of the report, concerning the world’s permanent entry into a new age of global oil decline, was never really explained. The report didn’t just go against the grain of the industry’s hype about "peak demand": it vindicated what is routinely lambasted by the industry as a myth: peak oil , the concurrent peak and decline of global oil production."
This confirms the feeling that I have had, that 2017 will see an increase in disruptive events and shocks. I think the new US lead Trump Administration will have a bit of a honeymoon, with things muddling along somehow, but that by 2018 we will see a major crisis much like 2008.
Will this be enough to really shake things up? I don't know but I think I'll try and get a bit more prepared by then.