Agree and re: the last para, amen.

Arthur



I suggest that we will be getting a "steady state" or probably more
accurately declining state world soon enough whether anyone likes it or not.
Oil production has certainly peaked, barring absurd and ill advised heroic
efforts, and the knock on effects will mean all economic activity must start
to constrict very soon. Prices will rise as the advancing societies of the
developing world try to buy in to the remaining energy supplies for their
nascent mobile infrastructures - China may have the sobering experience of
an automobile culture which rises, flourishes, and is strangled, all within
ten years. We will all be learning in this decade how cheap food was
dependent on cheap oil for both machinery and fertilizer. Universal
austerity will be visited upon us for our past sins of profligacy. It is
probable that the current level of affluence will not be seen again for
perhaps two centuries, in a very different world. 

The best we can hope for is that the slide will be ridden with dignity,
grace, tolerance and cooperation. Not an unreasonable expectation, as this
situation will be an opportunity for people to bring forward all their best
qualities to meet the challenges ahead.

 -Pete


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