PEAK OIL - The New Y2K or The Beginning of the Real End? Message Board

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Gold/Mining/Energy : PEAK OIL - The New Y2K or The Beginning of the Real End?

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To: Sidney Reilly who wrote (220)	3/27/2005 1:44:06 AM
From: kryptonic6	of 1183

Layoffs and more down sizing as the demand decreases because the cost is too high due to the high cost of oil. U.S. is motoring on as gas prices soar Associated Press Mar. 24, 2005 12:00 AM *Despite those rising prices, U.S. motorists don't seem deterred. Energy Department figures show that demand for gasoline has risen about 2 percent from a year ago.* azcentral.com The problem is that neoclassical economics is a fundamentally flawed theory. "Market forces" and "prices" cannot counteract the effects of energy depletion and catastrophic supply shortages. Contrary to neoclassical economic theory, energy is not like every other commodity. There is no subsitute that can produce more than a fraction of the energy currently derived from fossil fuels. All this is laid out clearly at Jay Hanson's dieoff.org. That is why almost all economists, including Nobel Laureates, are totally wrong. As Jay Hanson points out, these men do not understand basic energy laws that can be taught to a child. Our current monetary system is a sick illusion. Like Jay Hanson says, there is no more energy in a 10 dollar bill than in a 100 dollar bill. For more, see dieoff.org Jesse

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