Originally posted by NaplesX
Die, in Naples, FL?
What are talking about?
Have you ever heard the story of chicken little?
Have you ever heard of Peak Oil?
Have you heard of the fact that our economies are based on debt, that is, the promise that one day people will get paid back because the economy's default state is one of growth?
Have you seen the size of the US trade deficit and budget deficit?
Have you heard that growth is only possible because exploitation of oil results in a net surplus of energy?
Have you heard that oil is a financial instrument ('petrodollars')?
What do you think will happen to the dollar when people realise that the US won't be able to rely on cheap energy with economic surplus for ever?
Chicken little my arse. You've never heard of thermodynamics, entropy or fundamental economics.
Oh, by the way, we've got, what 40 years of oil left. Do you think that production is going to tail off gently or just stop? When do you think the tail off will start (Peak Oil)? What do you think will happen to oil prices when speculators realise that no matter how much they spend on oil, it will be worth more tomorrow because it's running out?
The very basis of industrial economy is not a God-given fact, nor is it based on American ingenuity, genius, freedom or hard work. It's based on energy surplus, cheap oil and belief in the future. And it's very fragile.
I suggest you think this through carefully, step by step. Time is running out.