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Strategies & Market Trends : Mish's Global Economic Trend Analysis
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To: mishedlo who wrote (78331)4/26/2008 12:08:15 PM
From: Bill on the Hill  Read Replies (1) of 116555
 
Mish, Thank you for bringing the topic of Peak Oil to your blog. The background noise from Washington about Iran is being turned up. Our government is going to do what THEY like no matter what our populace wants to see happen.

Educating America to what is TRULY happening within the oil companies and political systems in response to the peaking of production and subsequent decline in supplies of oil fields like North Sea and Cantarell in Mexico is critical. Without knowing about the problem we will not be able to begin to correct it.

Our country and world needs to begin a comprehensive inventory of current energy consumption and audit the waste consumed within the system. Efficiencies of vehicles, homes, commercial buildings and every component of our infrastructure needs to be tuned for best energy usage.

High prices are necessary in my opinion to initiate this inspection and force us to come to grips with the problem. This is where leadership from the heads of state would be helpful. Obviously we will not receive this from our current elected officials. The push must come from private people and independent media.

Every person that opens Matt Simmons book "Twilight in the Desert" is another person that will begin to understand the depth and danger of our energy crisis.

That to me is the "Elephant in the Room" that no one wants to admit is there. More light on the subject is vital. Your writing about this helps.

Once again thank you for talking about it.

Bill
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