| Chicho said: No. We have been hearing this for years and years. There are articles from 50 years ago that say we will run out of resources in 15 to 20 years and yet we increase resource extraction and production. |
No. Conventional Crude Oil peaked in 2005 - 2006 according to the International Energy Agency. Production has been able to increase thanks to the investment in techniques and products (such as fraking and extra heavy crude oils) that are already showed their limits (you can't produce with them several derivatives of conventional crude oil, such as diesel, esential to transport, mining and heavy industries). Even if production of several energy sources and raw materials can be sustained for some more years, global trends show that there is a decline that will be hard to navigate, specially in electronics and chip dependent industries (ask car producers).
And, by the way, these "articles from 50 years ago" (I guess you are pointing to Hubbert, and his "disciples") have proben to be somehow accurate, even if not 100%. Conventional Crude Oil peak is the best example.
But the point here is not the peak of all things (even if it plays a crucial role in what we're seeing and whats to come), but the fact that several crisis and difficulties hare hindering videogame companies capacity to produce, deliver and, most importantly, make profitable, his console bussiness.
