Re: The 'Bone of Contention' -or- Why no one cares to discuss 'Peak Anything'

[sartesian <sartesian@xxxxxxxxxxxxx>]

Me too.  Pay me something right now, and I promise to pay you nothing in
the future.
----- Original Message -----
From: "Sabri Oncu" <sabri_oncu@xxxxxxxxx>
To: <PEN-L@xxxxxxxxxxxxxxxx>
Sent: Saturday, September 15, 2007 4:14 PM
Subject: Re: [PEN-L] The 'Bone of Contention' -or- Why no one cares to
discuss 'Peak Anything'


> David:
>
> > I bet with my equally imaginary 1 trillion, that he could
> > never syndicate a loan for $1 trillion even on the "sure thing"
> > of peak oil.
>
> I will not take the opposite side of your bet because there is no
arbitrage
> opportunity here. Nobody would loan me that much because they would
kow that
> nobody would take the opposite side of my bet. But the "peak oil" is a
sure
> thing as long as the rate of consumption exceeds the rate of renewal.
This has
> nothing to do with any kind of deep social, political or economic
analysis,
> whether Marxist or not. It is a simple fact of physics. If you are
arguing that
> sooner or later we as humans will find a way to lower the consumption
rate
> below the renewal rate, then this would be another bet and I will not
take the
> opposite side here either: no arbitrage opportunity.
>
> Further, I like the arbitrage of the second kind more: you get paid
something
> now to pay nothing in the future.
>
> Sabri
>
>
>
>
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