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ground_fog said:I am a Software consultant. My Wife actually wants me to be a Pilot so I am home more. You guys think you travel much-I'm gone 25 days a month.
As automation increases the need for skill decreases.
As the need for skill decreases, wages naturally decrease.
As the wages decrease along with the minimum level of skills, less qualified individuals driven by advancement will increase.
Pay will not increase.
I'm just curious....do you and ATP get together to design and build your tinfoil hats, or are you able to accomplish this via IMs or a chatroom?Siucavflight,
With that attitude, you should probably just stick your head back in the sand. Everything ATP says is true. The world is reaching a point where oil production will probably begin to decline globally.
Oil production has been flat at 84 million barrels a day since the end of 2004.
33 of 48 countries according to Chevron have declining production, why can't the world start having declining production? The U.S. used to produce 10mbd, now they produce 7mbd. Prudhoe Bay used to produce 1.7 million barrels a day, now it produces .4mbd!!
Saudi Arabian production is down more than the ENTIRE PRUDHOE BAY productionin the last year(down from 9.5 million barrels a day to 9mbd). All of OPEC is down about 750 mbd from just two years ago! Nobody can increase production and most production is falling fast. I can go on and on.
Oil fields get old and peter out eventually. The world's oil fields are old and petering out and no new oil is being brought to market fast enough to replace the losses.
You should educate yourself, it's not the refineries.
We can turn coal to oil and jetfuel, it's just that it takes 3 years just to build one of the plants and the first ones are just being built. Every plant will only replace 1/1000th of our oil usage. Thank god we're starting now.
Oil prices are still low compared to what they'll be in the next couple years. Get used to it. Hopefully the economy can handle it as well.
Sorry please go back to the topic, I just had to defend ATP, because he knows a lot about what he is talking about.
Jet