by FatherOfTwo » Mon 03 Oct 2005, 14:02:11
$this->bbcode_second_pass_quote('', '')How is it possible for an amateur like me to see evidence for a looming global energy crisis that isn’t seen by government?”
That question assumes that a global energy crisis is even detectable before it is upon us. I would argue that it is not detectable.
Of all the things we don’t know, the thing we do know with certainty is that URR is unknown and hotly debated. When you couple this with the fact that there is no Plan B, then it should be apparent that it’s time to get worried. Why? Because now our last line of defence is the market. Uh-oh. The market does nicely pull in all of the
known factors in the world and spits out a price and it is a very good indicator of where we are right NOW. It does a very poor job of predicting the future, at least in a meaningful enough way because URR is unknown. Garbage in, garbage out. Proof of this is the disagreement over the current oil price. Lynch says it’s speculation. Others say it is proof that peak oil is almost upon us. We can’t tell because no one knows URR!
So THE question should be, since we don't know, why aren’t we planning for the worst? For such a clever species, we’re amazingly stupid.
The sad fact is we’re walking blind and assuming we’ll gain sight before we walk off the edge of the cliff. Our friend the market will come along and tap us on the shoulder right as we take our last step. Let’s hope we learn how to fly, or that the cliff is only a 3 foot drop so that once we hit the bottom we’ll be able to pick ourselves up.
Comforting, isn’t it?