> From: Ben Goren via EV <[email protected]> > > At the $200/bbl range the article so casually mentions, even unimaginably > expensive futuristic technologies become economical...
The old free-market argument about prices going up until more expensive technology is affordable has some serious problems. > ...imagine what that doubling of fossil fuel prices and everything that > relies on fossil fuels (like food) would be like. It's not going to be a > pretty sight. Gail Tverberg (http://OurFiniteWorld.com) sees things differently. She doesn't think it will get that far before collapse ensues, because higher prices without higher wages stagnates the economy, causing recession, which then reduces demand. When demand goes down, prices go down, and high-priced energy technologies that have amassed huge debt in order to become established go bankrupt, chopped up, sold for scrap, and abandoned. Gail thinks most of the remaining oil is going to remain in the ground. :::: If it were possible by legislation to obtain a milk supply from clean stables after a careful process of milking... then pasteurization would be unnecessary. -- Lina Gutherz Strauss :::: Jan Steinman, EcoReality Co-op :::: :::: (Send email to [email protected] to get a random quote, or [email protected] to get 50 random quotes. Put a word in the Subject line to filter for that word.) _______________________________________________ UNSUBSCRIBE: http://www.evdl.org/help/index.html#usub http://lists.evdl.org/listinfo.cgi/ev-evdl.org For EV drag racing discussion, please use NEDRA (http://groups.yahoo.com/group/NEDRA)
