The Jaymax Scale
I believe Peak Oil will probably be...
0) ... revealed as a myth or conspiracy / alternatively "peak what?"
1) ... passed as a virtual non-event, and won't create any real turmoil
2) ... difficult, but manageable, many people will hurt, but society itself continues
3) ... an economic catastrophe, but society will largely recover within a decade or two
4) ... a global calamity, but most of us will survive somehow and eventually learn to adjust
5) ... the cause of massive human dieoff, society as we know it will not exist within decades
6) ... the end of everything, welcome to the stone age
Original thread:
http://www.peakoil.com/fortopic9920.html
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As was pointed out by a certain former politician on every major network this weekend, for the first time in history we depend on borrowing money from countries like China and SA to fight in Iraq and Afghanistan while at the same time giving huge tax breaks to those who need them least.
Now we will borrow a couple hundred billion more to rebuild a city below sea level – not to mention great transportation goals like planting flowers along the Ronald Regan Freeway.
The congress and president have gone money crazy and there is no way to pay that debt plus the debt owed the Social Security trust.
I’ve gone from 2.9 a of couple years ago to 4.6 based mainly on the abandonment of whatever fiscal conservatism there might have once been, for empty hearted pandering.
Hopefully the Dems will regain at least one house next year – at least that way nothing will get done…
Oh yea, then there is PO.
The legitimate object of government, is to do for a community of people, whatever they need to have done, but can not do, at all, or can not, so well do, for themselves -- in their separate, and individual capacities.
-- Abraham Lincoln, Fragment on Government (July 1, 1854)