The scenarios spun in this article are being applied to climate change. They are just as easily applied to the fallout from Peak Oil.
From the Land Down Under comes a warning, again attached primarily to climate change, but it also includes energy. A timely piece for Earth Day.
It's not just me who sees rising gasoline prices in the immediate future. And auto owners will keep right on paying.
The Gamesters of Triskelion would love this effort to use gaming to solve the oil crisis before it arrives. Stack those quatloos and let's get started!
And for those of you needing a "Happy Motoring" fix, this article is for you. And if you prefer the original report, here ya go! (PDF Warning)
1 comment:
The rest of us will pay for the rising gasoline prices, too. We will all be paying higher energy prices in everything we buy and use. Rents will have to rise. Goods will cost more, to reflect additional costs involved in their manufacture and distribution.
Absolutely everything will cost more.
I expect some "deflation" and "demand destruction" first, particularly in the still-bloated housing market, and I expect that employment and business opportunities will narrow considerably. There will be massive shifts of investment, as the money moves from areas of activity dependent upon cheap energy.
There will be silver linings,which we can only hope will somewhat offset the catastrophic economic losses and social costs that result.
The smart money is positioning itself for peak oil. Warren Buffet is shoveling hundreds of millions of dollars into railroads, and T. Boone Pickens has indicated it's time to get out of oil.
If our local leadership would get their heads out of the sand and stop robbing the tax base for TIFs that do more to shrink the local economy than build it, and stop allocating billions of dollars to "vanity" projects like the ridiculous Olympics, the pharoanic Block 37 el station, and other such criminally wasteful projects that line the back pockets of Da Mare's cronies at the expense of our necessary services; and instead go to work creating a favorable climate for the relocalization of manufacturing, and zoning that would encourage the creation of multi-use high-density business-residential districts, our city might be able to make it through the next 30 years as a vital and major economic center, instead of a place of catastrophic loss and disorder due to hundreds of thousands of workers rendered suddenly redundant, and thousands of structures that suddenly become unusable and unliveable in a age of steeply reduced energy availability.
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