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bhikkhu

(10,789 posts)

11. Oil is a limited resource, and consumption has increased to the limit of the extraction rate

Mon Mar 5, 2012, 12:24 AM

Mar 2012

...at which point, you have an increasing number of competitors for a limited supply. That's not intended to describe how it was in the 50's, or how it was under Nixon, but how it is currently. The past isn't coming back.

Good economic times increase competition for the resources the economy depends on. As far as the physical realities of the situation go, bubbles, inflation or deflation, speculation, etc - none of that changes the basic equation for very long.

So you can accept it or not. In the long term, any large-scale culture dependent on fossil fuels is doomed to be replaced by a culture which is not dependent on fossil fuels, and leading the way forward is more useful than nostalgia.

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"In case you haven�t noticed, the economy is actually getting better. Noticeably better." [View all] Pirate Smile Mar 2012 OP

Tell that to these people: Initech Mar 2012 #1

You're probably right about a new system for monitoring. elleng Mar 2012 #2

I saw that article on Fail Blog. Initech Mar 2012 #3

"those... who have so much invested in a bad economy they are reluctant to acknowledge any of this" TheWraith Mar 2012 #19

How about new vehicle sales? Comes out Lucky Luciano Mar 2012 #40

I got ONE Number Against This Argument: $4/Gallon gasoline Demeter Mar 2012 #4

"Good economy" and "expensive gas" are two terms inextricably linked bhikkhu Mar 2012 #7

Um, No Demeter Mar 2012 #10

Oil is a limited resource, and consumption has increased to the limit of the extraction rate bhikkhu Mar 2012 #11

Regrettable, but true. We're hitting peak EVERYTHING. Zalatix Mar 2012 #12

This message was self-deleted by its author Warren DeMontague Mar 2012 #15

I made the same anol0gy last time gas went up Javaman Mar 2012 #36

It won't affect the economy as much as it would have in the past. JDPriestly Mar 2012 #14

DOW 13,000! ellisonz Mar 2012 #5

Hehe Dokkie Mar 2012 #31

more job openings in the last few years around where i live madrchsod Mar 2012 #6

usual bullshit attack on the "Democratic left" paulk Mar 2012 #8

Because it's true, as evidenced right here in this thread. TheWraith Mar 2012 #20

don't worry, be happy paulk Mar 2012 #23

There's nothing "realistic" about mocking and deriding reality. nt TheWraith Mar 2012 #39

tell it to Krugman paulk Mar 2012 #42

fuck Steven Pearlstein Enrique Mar 2012 #33

So much negativity in the responses here. Nye Bevan Mar 2012 #9

Your question seems to puzzle you, me, and the author the o.p. I've never seen anything quite.... Tarheel_Dem Mar 2012 #13

The simple fact is that the economy is not improving for most people. girl gone mad Mar 2012 #37

Yup. Obama should've nationalized everything, and then we'd be Venezuela. Tarheel_Dem Mar 2012 #41

A great many DUers are hurting financially.. Fumesucker Mar 2012 #17

+1000 ellisonz Mar 2012 #18

"Their relentless demagoguery has undermined the recovery as much as the gridlock politics" DCBob Mar 2012 #16

What effects the mood of many consumers the most is that they don't have any money.. Fumesucker Mar 2012 #21

No doubt. DCBob Mar 2012 #22

Really, the poor and unemployed should just STFU.. Fumesucker Mar 2012 #24

How do you get that from what I wrote?? DCBob Mar 2012 #25

My handle is a reference to my financial situation.. Fumesucker Mar 2012 #26

.. DCBob Mar 2012 #27

Unfortunately, it's improving to a totally unacceptable NEW NORMAL eridani Mar 2012 #28

Yeah, I think that this is what bothers THIS particular........ socialist_n_TN Mar 2012 #30

2016 is the key for sure eridani Mar 2012 #43

I got a $30 freelance job two weeks ago. LiberalEsto Mar 2012 #29

the Democratic left is "invested in a bad economy" Enrique Mar 2012 #32

That may be the most intelligent article I've read on DU the past two years. cbdo2007 Mar 2012 #34

who are the loud mouths on the left? Enrique Mar 2012 #35

I think I've read and learned enough about capitalism to be unimpressed. TBF Mar 2012 #45

when my personal, home economy improves magical thyme Mar 2012 #38

uh huh paulk Mar 2012 #44

all the more reason to push that narrative I guess SunsetDreams Mar 2012 #46

to what narrative paulk Mar 2012 #51

It's only better for the 1% Peter1x9 Mar 2012 #47

We of the sinking middle class may sink without further struggles into the working class sad sally Mar 2012 #48

Knock on wood Broderick Mar 2012 #49

Here's the article I was looking for on this: Peter1x9 Mar 2012 #50