Interesting...
Well, for the most part, if its relevant and in an online source, I
point to it rather than retype it. lol.
I wanted to say something pretty damned amazing in response to this
thread topic - we really don't need to have an energy shortage, and we
really don't need to pay what we pay for the energy we use. We have
the technology to pay dramatically lower costs for energy. That
technology has been supressed for a variety of good and valid reasons
- and no one is motivated to make the magic happen so to speak. Quite
the reverse.
That's a big statement, not made lightly, and without adequate support
is not likely to be believed. So, that's why I did the data dump - to
back up that statement..
Now, energy costs are relevant because energy costs drive every other
cost in an industrial economy. High energy costs have detracted from
our standard of living. Had there been continuing 4,9% per year
declines in energy from the 1960s - instead of the 8% per year rises
that did happen - per capita incomes would be $250,000 per year -
instead of the current $50,000 per year. - and the US would be a
creditor and exporter rather than a debtor and importer today.
In an economic environment where the US is 5x richer than it is now,
we would likely not be seeing the sort of insanity we see today -
which is the subject of this thread.
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