by Gazzatrone » Tue 17 Jan 2006, 13:37:37
$this->bbcode_second_pass_quote('Doly', '
')This is an oversimplification. Economic growth represents the growth of money, and money is a human construction,
Regardless of whether or not Money is a Human construction, it is
every other Human construction that money is used for in the purchasing of.
Purchasing is vital for
sustainable economic growth. Ecomonies do not grow if money is saved and not spent. The argument, and it is a very sound argument, is that every single Country that demands sustainable, economic growth has to do it based on using a finite resource, chiefly oil.
Every product is touched by oil in its manufaction and transportation from factory to warehouse to store. The reason is because oil is so cheap and so versatile, which is why we as a race have become so addicted to it.
This is the whole crux about Peak Oil. We are deluding ourselves that cheap oil has permanence in society in order to maintain sustainable growth. Seriously download the video given in the link from the initial post.
Bartlett puts it very simply.
When oil becomes to expensive for market forces to bear, our whole society is in for one unimaginable rethink. The point is it is happening now. Not on a dramtic scale but petrol prices are increasing and show no signs of decreasing to the pre-millenium prices.
20 years ago, the damage caused by hurricaines Katrina and Rita wouldn't have made a dent, but the system is becoming ever increasingly fragile, to the point where it caused queues at the pumps for oil.
These are all portents for the near future.
As stated in my original post. People can be baffled and blinded by science and statistics, but when simply put, each year the world uses 1.6% more than it did the year before. After 10 years nearly 400gb has been exploited, never to be reused. The remaining 1000gb looks a very small number indeed. As mentioned, this is oil that is not easy to extract. That's gone already.
This is not over oversimplification, this is the plain truth.