Quote
What do you fear with all this oil talk really? Do you expect you and your family to be back in caves and without fire or the wheel?
Fear? What reason is there for fear in understanding potential threats? My point is that we (most people) are discounting or ignoring an inevitable and thus creating a condition for greater havoc than necessary.
You are right that in the big picture economies can restore themselves over 20-40 years, but for someone whose bulk of life is captured by those 40 bad years would surely have preferred to ahve lived before the collapse or after the change had been completed.
The basic premise here is that when someone brings up declining oil reserves, the instant comeback is higher prices, like that's the end of the story; while higher prices would occur, this is only a minor inconveniece compared to the staggering amount of redistribution of wealth and enonomies that would then occur.
It is a misunderstanding to think the U.S. is still a world power other than in its military might - the U.S. is totally dependent of FCBs to finance its debt while it cannot sustain its oil demand without imports.
A country that relies on a Blanche Dubois enonomy to sustain its debts and energy demands can at best be considered a vulnerable superpower in its declining years.
I'm just wondering how long until we are all standing out on the streets yelling, "Stella!"