The Other Future

…It isn’t energy per se that is the problem, but the problem of recycling petrodollars and the marginal profits of energy. Namely, if the last barrel of oil that keeps everyone happy is at $64/barrel

…This is where global warming and peak oil come in. Changing the energy basis of the global economy allows this shift to take place, since it removes the marginal barrel of oil problem, and it is something that everyone, logically, has an interest in.. Global warming is the global rent which allows the publics of the world to behave as one public, and demand that the control over the global economy be shifted back to the public and away from the globally wealthy.

TPM Cafe