Fracking, deep water drilling and bio-fuels all are reactions to peak oil... Easy stuff is gone. No more spindle top gushers...
Now where is that cartoon I posted 3 forums and about 10 years ago?
Here it is. My favourite peak oil video still on youtube!
Fuel here is hovering around $2.10 a litre. When I started drivig it was $0.20 a litre. 10 fold in 35 years.
Peak oil is adding to inflation, and all we know how to do is print more money, adding to inflation.
The correct response is use less... But... No government will ever get elected telling people your chldren will have a lower standard of living than you, hence the cycle goes on until we fall off a clif, One of many, we are rushing towards:
Ecconomic collapse
Food shortage
Environmental collapse
Social collapse
Wars
Population collapse
IQ collapse?...
Hmm, seeing all of these right now already. Maybe we are already in free fall?
Western ecconomic society needs to grow to survive. its basd on increasing money supply. It needs cheap energy to do this. We have run out of chep energy. De-growth is the only path forward. Some call this collapse. Most think we can avoid it. We can only delay.
JOW