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Gold/Mining/Energy : PEAK OIL - The New Y2K or The Beginning of the Real End? -- Ignore unavailable to you. Want to Upgrade?

To: Raymond Duray who wrote (98)	2/19/2005 11:27:24 AM
From: kryptonic6	Read Replies (1) \| Respond to of 1183

"The issue is not one of abundance, the issue is one of cheap energy." Yes - which forces us to realize the thermodynamic deficiencies of the alternatives to oil. The other issue is this culture's prevailing unwillingness to reduce its energy consumption. You're right - energy is abundant - and so are the number of people and armies willing to inflict unlimited death and destruction upon each other to secure it (i.e. 100,000 dead Iraqis, 1,500 dead Americans, hundreds of thousands of mutilated/injured Iraqis, tens of thousands of Americans mutilated/injured, and growing every day). It really is a matter of how many BTUs can be concentrated into a unit per dollar (or Euro, yuan or yen). One Euro has no more energy than one trillion Euros. The capitalist financial system is predicated upon infinite economic growth, and economic growth requires a constantly increasing supply of energy. The age of constantly increasing energy availability (and thus our growth-based economic system) literally ends the day the peak oil event occurs. Jesse