Oh dear....peak oil.

[johnny9fingers]

http://www.guardian.co.uk/environment/2009/nov/09/peak-oil-international-energy-agency

Hmm.

The US has been living on borrowed time for quite a while. Now all its chickens are coming home to roost. I suppose it's bad luck it should be on Obama's watch, but this was going to happen no matter who was in charge. How will the US cope, when it all unravels? In terms of research the major corporations are....a trifle backward when it comes to other power sources. The investment in the internal combustion engine, rather than any alternatives, has been almost total. Driving a car is going to be a lot more expensive, and air-travel so costly as to be prohibitive and only for the rich.

And unless we find another convincingly stable power-source, the era of cheap personal transport shall wither and die. Probably in my lifetime.

Comments

[donolectic.livejournal.com]

This is because one of the largest economies on earth is reactive rather than proactive. That's why we spend more on ER visits than making sure everyone has preventive health care. It won't be a problem for us until it hits the daily lives of the proletariat and they start to grumble about it.

[johnny9fingers.livejournal.com]

Thanks for the info.