by Kingcoal » Thu 21 Oct 2004, 21:29:52
$this->bbcode_second_pass_quote('Licho', 'C')ould it be caused just by more driving and more apparent oil dependence in USA rather then by "cultural" differences?
If you have to drive to work each day and your family has 3 cars, "hard" might seem more likely to you than if you have 1 car in family and walk/mass transit to work..
Since fertilizers and pesticides are made from oil and natural gas, the price of food will go up and it's availability will go down. Land has been made orders of magnitude more productive from oil and gas products. If you generate electricity using coal, that coal plant has to be fed on a daily basis. The train or trucks used to get the coal to the power plant uses diesel fuel. As diesel goes up, so does your electric bill. There are hundreds more examples of the hidden presence of hydrocarbons in our lives.
America will have a hard landing financially because our fiscal policy requires economic growth. Our government prints money at will and has been able to do so due to the need for petrodollars around the world. The dollar has been falling and high oil prices make that fall that more painful to owners of US dollars - China, Japan, etc. If they start spending those dollars, we will have very high inflation, which will cripple our economy and the world economy as a whole. That is what we mean by hard landing.
America has a growing population, while Europe's and even China's growth is flat. We have high immigration and all those mouths need to be fed. While I live in farm country, next to a coal mine, a lot of the country lives in contrived communities which are uneconomical without cheap oil, example: Los Vegas. Los Vegas is in the middle of a desert and everything has to me trucked in.
I don't agree with the food riot, roving mob theory. By that time, population growth will have reversed and many will have died off. You can't put up too much of a fight if you're starving. Try going without food for a week and see how aggressive you feel.
Unless we invent a new limitless energy source, that's the future. I don't know enough about Australia to predict what will happen there. At the least, everything will become more expensive and fewer jobs will be available. Expensive oil is a worldwide hidden tax on everything.