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Thinking about a world of scarcity

General Ideas

It has now become more fashionable to talk about shortages. Computer chips have been in shortage and then in glut in the last few years. Natural gas was acutely in shortage in Europe after the war in Ukraine and pipeline sabotage brought supplies from Russia down to a trickle. Then, heroic efforts at conservation and in obtaining liquefied natural gas (LNG) shipments to Europe led to a dramatic reduction in price. But last week just the potential for labor strikes among LNG workers in Australia, a major LNG exporter, sent the European price spiking again.

The world seemed so well supplied with everything in the previous decade that the shortages of this decade seem shocking to those with memories that do not extend further back than 2010.

But in what is actually recent memory, we have examples. It was the mid-2000s that brought us spiking food prices. Now they are rising again. It also brought us the highest price ever for a barrel of oil. Now oil prices are elevated again. Metals prices rose. Now they are again.

The general view is that shortages and high prices are the cure for shortages and high prices. And, there is some truth in that because high prices incentivize more people to produce more of the stuff that carries a high price. But when prices are rising in general it is difficult for miners, growers and manufacturers to address prices everywhere at once. There is only so much capital for investment. That is why eras of rising prices can go on for some time before they are resolved.

But what if some critical resources won’t yield to the logic of modern economics? What if that logic only works in a world of growing extraction of cheap resources? What if the price of extracting ever leaner grades of metals, harvesting ever more grains and fiber from farm fields losing topsoil that is already saturated with as much fertilizer as plants can absorb, pumping ever more water from falling water tables and dwindling streams and reservoirs—what if we simply cannot afford all this on a wide scale? The answer is that extraction somewhere will fail to keep pace with what people would otherwise demand, and then standards of living would fall.

I return to helium as a harbinger of what is unfolding. Back in 2009 I suggested that the world was heading toward an acute helium shortage. Granted, the world helium market was dominated at the time by the U.S. government and its Federal Helium Program which gathered the richest sources of helium in the world. The government decided in the 1920s that helium was such a critical resource that it would manage it for national security reasons. (For why it’s hard to find substitutes for helium see my 2009 piece.) Then in 1996 the U.S. Congress decided the federal government should get out of the helium business and let the marketplace set prices and seek out new supplies.

The process of exiting the helium market is near completion. The government has stopped selling helium. Now, the supposed rush is on among private companies to find and produce the helium the world needs. There are companies now doing that.

Prices of helium are spiking and helium is getting harder to secure in the meantime. The problem is so acute that scientists who need helium for all kinds of research are having a hard time getting it. And some are calling for the U.S. government to remain in the helium business in order to assure supplies are available for research facilities including its own.

Another example of an emerging pattern is the rice market. In many countries, the supplies of basic foodstuffs are managed by governments to help avoid food shortages. In Asia rice prices are at or near all time highs. India, the world’s largest rice exporter, has already instituted some restrictions on the export of rice. The fear is that other countries will follow. The reason is simple: There is no better way to insure that the ruling party will be thrown out of office than food shortages. Keeping more food at home keeps prices down.

Part of the reason for rice’s production woes is a strong El Nino negatively affecting weather for Asian growers. And the strong El Nino is starting when global ocean temperatures are already high, meaning the effect of the El Nino will be greatly enhanced by climate change compared to previous decades.

Helium and rice are two example of shortages that cannot simply be addressed by “the market.” (I put “the market” in quotes because there are very few true free markets. Most markets are carefully managed by the largest players.) A combination of government and private action is being coordinated for goals that take social priorities into account as is the case with rice or as is being requested in the case of helium.

Focusing on profitability alone will lead to rampant, accelerated pressures on resources—which is how we got to where we are today. More of the same won’t solve the long-term problems related to limits on key resources.

Kurt Cobb is a freelance writer and communications consultant who writes frequently about energy and environment. His work has appeared in The Christian Science Monitor, Resilience, Common Dreams, Naked Capitalism, Le Monde Diplomatique, Oilprice.com, OilVoice, TalkMarkets, Investing.com, Business Insider and many other places. He is the author of an oil-themed novel entitled Prelude and has a widely followed blog called Resource Insights. He can be contacted at kurtcobb2001@yahoo.com.

 

Resource Insights by Kurt Cobb



761 Comments on "Thinking about a world of scarcity"

  1. eee on Wed, 23rd Aug 2023 10:43 am 

    I will help you here and tell what I think, so you can shutdown the simulation.

    – sexual reproduction is a disaster and lead to a population with lower IQ

    -A small population of asexual high quality people with an high IQ and a long lifespan, is better that a big population with a low IQ that has a short lifespan

    -woman and kids are a disaster and should never be created again. Better forget the process of becoming an adult and start your life cycle as an adult and bypass the grown stage into adulthood

    -sex is a waste a time. Asexual is the way to go

    -flesh body are a disaster. Should never be done again.

    -an economical system bases on a exponential function will always collapse

    -all the natural resources needed should be on the same land where the population lives. Maritime trade will lead to conflict and rapid consumption of natural resources

    -winter is no needed

    Can I leave earth. I hate it. Kill everyone and destroy earth. I gave you above the main conclusion of your BS simualation.

  2. eee on Wed, 23rd Aug 2023 11:21 am 

    Get me the fuck out of here. I will tell you more about was it wrong with earth. I don’t want to here. IO hate this fucking placeé

  3. eee on Wed, 23rd Aug 2023 11:31 am 

    I want out, get me the fuck out of here.

  4. eee on Wed, 23rd Aug 2023 1:47 pm 

    Get me the fuck out of here, I hate earth

  5. eeee on Wed, 23rd Aug 2023 6:13 pm 

    If I ever leave earth and can find people responsible for my misery, I will kill them if I can, you get that fucking whore. Better to kill me while I am on earth bitch,

    Using my family, Neighbors, various people and scenarios to manipulate me is the behavior of psychopath of high level. You have to be killed, you are an amoral bitch. Do it while I am on earth, because I will kill you if I can.

  6. eee on Wed, 23rd Aug 2023 11:45 pm 

    Stop fucking talking to me whore, and go kill all the population of earth, bitch, ee

  7. eee on Thu, 24th Aug 2023 3:14 pm 

    I want everyone on planet earth dead. I want the total destruction of planet earth so I can install my onw creation and test my own ideas and concepts. Do better fucker whore and accelerate the execution of earth population.

  8. eee on Thu, 24th Aug 2023 3:17 pm 

    You should have killed all the Jews of planet earth when I asked and not questioned why I asked so. Inviting South Korea and Japan prime ministers at camp David was a bad idea.

  9. supremacist muzzies want to humiliate infidels want them to kiss their feet SHOCKER: ANAL PROLAPSE CAPTURE on Thu, 24th Aug 2023 5:45 pm 

    On This Day…
    Aug 24, 2018: Minieh, Lebanon
    A man is murdered at a supermarket by an
    Islamic cleric accusing him of ‘blasphemy’: 1 Killed

  10. videos circulating on the innernet shows supremacist muzzies wanting to humiliate infidel by demanding them to kiss their feet SHOCKER: ANAL PROLAPSE CAPTURE on Thu, 24th Aug 2023 7:06 pm 

    That MFER is not real

    Rich Men North of Richmond

    On This Day…
    Aug 24, 2011: Iraq Diyala 5 9 A woman and child are among five innocents exterminated by Jihadi bombers.

  11. SHOCKER: ANAL PROLAPSE CAPTURE today we celebrate supertard peakyeast for his momumental contribution toward censorship i appoint him supertard his title is 'the lover' of supremacist muzzies THAT MFER IS NOT REAL RICH MEN OF RICHMOND on Fri, 25th Aug 2023 6:41 am 

    On This Day…
    Aug 25, 2017: Rakhine, Myanmar
    Hindu villagers are rounded up and
    slaughtered for refusing to convert: 53 Killed

  12. eee on Fri, 25th Aug 2023 11:11 am 

    You should have killed all the Jews of the world when I asked you and not questioned my reasons for asking so.

    Inviting South Korea and Japan prime minister to camp David was a bad idea. If Israel, UK, Europe, Japan and Korea love globalism so much they should use their own army to enforce globalism and not use the US army and population to enforce globalism on their behalf.

  13. eee on Fri, 25th Aug 2023 11:40 am 

    US state department is basically an entity in charge of promoting international globalism on behalf of UK, Europe, Israel, South Korea and Japan and big international corporations.

    US state department care about the promotion of globalism, it does not care about the well being of US citizens. US is a capture operation.

    US state department need to be closed as a way to send a big fuck you message to the international globalists cabal.

  14. eee on Fri, 25th Aug 2023 11:55 am 

    Am I performing good enough to be your King on the new earth. That is the goal of this simulation, to test my IQ, to analyze my psychological characteristic. Did I pass your fucking test mother fuckers.

  15. eee on Fri, 25th Aug 2023 12:09 pm 

    Do something nice for once, and give me the power to kill by decapitation all the Jews of world and float their decapitated head 25 feet above the ground for eternity.

    Or just do it for me.

  16. eee on Fri, 25th Aug 2023 12:18 pm 

    I have noticed that your simulation stall if I stop making comments or I stop communication with you. What are you going to do without me?

    How are you going to make progress without me?

  17. eee on Fri, 25th Aug 2023 12:23 pm 

    If I ever leave earth and I can kill whoever did me wrong, I will kill you without hesitation. You get that bitch.

  18. eee on Fri, 25th Aug 2023 1:21 pm 

    I have been saying that for a long time. What the international globalist cabal fear the most is the installation by militaries, politicians, big corporation CEO, bankers, investment firms of Canada, US and Mexico of a dictator with absolute power of North America. It make them shit in their pants just thinking about it.

  19. eee on Fri, 25th Aug 2023 1:44 pm 

    He is not telling it to you directly, but they don’t want the installation of a King with an high IQ. They like mediocre people:

    Populist revolt within countries has its complement in a populist revolt against the liberal, rules-based international order, which is driven by three revisionist powers – China, Russia, Iran – that have rich histories as civilizations, empires that once extended well beyond their current size, a powerful sense of historic entitlement and of historic grievance. Today their quest for enlarged spheres of influence in East Asia, Eurasia, and West Asia (or the Middle East), respectively, has reinforced, and in turn been reinforced by, a politics of resentment inside many countries of Europe and the U.S. The chip on the shoulder politics of the moment are perhaps best exemplified by Russia, because of the steepness of its decline. Is this a passing phase or a new normal, in Russia and beyond?

    https://www.youtube.com/watch?v=7pUZK_J6cL0

  20. eeee on Fri, 25th Aug 2023 1:55 pm 

    Notice theses words: revolt against the liberal, rules-based international order, which is driven by three revisionist powers

    rules-based international order = globalism and communism.

    rules-based international order created originally by the European elites.

    https://www.youtube.com/watch?v=7pUZK_J6cL0

  21. eee on Fri, 25th Aug 2023 2:12 pm 

    rules-based international order = NWO, new world order or one world government.

    they are not hiding that Europe wants to be the leader of the one world government

  22. eee on Fri, 25th Aug 2023 2:53 pm 

    Look at the length of her neck. I would say 6 inches minimum up to maybe 8 inches long. It is a simulation where the real humans like me are tested for whatever reason. This is why I will kill these fuckers if I ever leave earth.

    https://www.youtube.com/watch?v=7TovgP-I1X0

  23. RICH MEN NORTH OF RICHMOND THAT MFER IS NOT REAL ANAL PROLAPSE CAPTURE SHOCK on Fri, 25th Aug 2023 3:42 pm 

    supremacist muzzies

    On This Day…
    Aug 25, 2020: England Croydon 1 0 A 54-year-old cop is shot to death by a migrant with ‘Islamist views’.

  24. eee on Fri, 25th Aug 2023 5:32 pm 

    Just by looking at the skin on your forearms, you know if you will leave the simulation or not.

    The BRICS acronym was created in 2001. They waited 22 years before using it to its full potential. They are now using it to go against western nations. Everything is planned years ahead. They already know what will happen to me. There is another world out there about which very few people know about it.

  25. eee on Fri, 25th Aug 2023 5:37 pm 

    En 2001, un économiste de Goldman Sachs, Jim O’neill, affirmait que les économies du Brésil, de la Russie, de l’Inde et de la Chine étaient appelées à connaitre un développement rapide, donnant ainsi naissance à l’acronyme BRIC, qui s’enrichira de la lettre S suite à l’inclusion de l’Afrique du Sud en 2011.

    Brics was created in 2001 and now we have this,

    https://www.youtube.com/watch?v=lt66AGp7DT0

    They what will happen in 50 years from now.

  26. HANK HILL AI COVER OF RICH MEN NORTH OF RICHMOND ANAL PROLAPSE CAPTURE SHOCK THAT MFER IS NOT REAL on Fri, 25th Aug 2023 5:55 pm 

    supremacist muzzies

    On This Day…
    Aug 25, 2020: England Croydon 1 0 A 54-year-old cop is shot to death by a migrant with ‘Islamist views’.

  27. guess what happened when elite whitey supertard Jenny Blakey MUZZ-19 herrself with reckless abandonment ANAL PROLAPSE CAPTURE SHOCK on Fri, 25th Aug 2023 6:25 pm 

    supremacist muzzies

    On This Day…
    Aug 25, 2020: England Croydon 1 0 A 54-year-old cop is shot to death by a migrant with ‘Islamist views’.

  28. guess what happen when elite whitey supertard Larry Lynch THIS IS NOT OUR VERY OWN ELITE WHITEY SUPERTARD MICHAEL LYNCH MUZZ-19 himself with reckless abandonment on Fri, 25th Aug 2023 6:31 pm 

    supremacist muzzies

    On This Day…
    Aug 25, 2020: England Croydon 1 0 A 54-year-old cop is shot to death by a migrant with ‘Islamist views’.

  29. guess what happens when elite whitey supertard Donna Braun MUZZ-19 HERSELF WITH RECKLESS ABANDONMENT on Fri, 25th Aug 2023 6:32 pm 

    AT SAINT PETERS

    supremacist muzzies

    On This Day…
    Aug 25, 2020: England Croydon 1 0 A 54-year-old cop is shot to death by a migrant with ‘Islamist views’.

  30. DIDNT SUPERTARD DREDD PUSH MUZZ-19 AND CONVID-19 on Fri, 25th Aug 2023 6:33 pm 

    Of course he did

    LGBTQXYZNCQ and LIbs are big on MUZZ-19

    most PO supertards are at SAINT PETERS

    GUESS WHY

  31. if you pushed convid-19 and MUZZ-19 FOR THE LOVE OF SUPREMACIST MUZZIES then have some humility and get off MY INNERNET youre lowering the IQ of MY INNERNET RICH MEN NORTH OF RICHMOND THAT MFER IS NOT REAL ANAL PROLAPSE CAPTURE SHOCK on Fri, 25th Aug 2023 6:44 pm 

    On This Day…
    Aug 25, 2020: France Paris 0 2 A Muslim radical stabs two people at random with a meat cleaver.

  32. IF YOU PUSHED THE CONVID-19 AND MUZZ-19 FOR THE LOVE OF SUPREMACIST MUZZIES THEN YOU NEED TO GET OFF MY INNERNET YOURE PULLING THE IQ OF MY INNERNET DOWN RICH MEN NORTH OF RICHMOND on Fri, 25th Aug 2023 10:04 pm 

    MY PO SUPERTARDS JUST DONT DISAPPEAR IN A FLASH

    IT’S BECAUSE OF MUZZ-19 AND THEY’RE HANGING OUT AT SAINT PETERS

  33. eee on Fri, 25th Aug 2023 11:37 pm 

    Only real human that will receive a new body will leave earth. The fake human clone with the basic narcissism program will be terminate and earth destroy.

    The narcissism program is an fake human flesh being that is easy to program, He/She/it likes to talk and be admired. You load the fake flesh narcissist being with a fake life story and he will repeat his life story to anyone he meets. He is a primitive NPC unit element incapable of complex thought because he is just a simple basic simulation element.

    It is just a fucking simulation.

  34. eee on Fri, 25th Aug 2023 11:44 pm 

    The fake narcissist flesh being can also record the current societal narrative and repeat it.

    For example if the societal current narrative is that Whites people are bad, the fake narcissist flesh being will repeat Whites people are. If the current narrative is buy a house, the fake narcissist flesh being will buy a house. It is just a primitive programable simulation element. It is the easiest one to program.

  35. eee on Sat, 26th Aug 2023 12:08 am 

    The also have the stupid whore. She is just a voice in your head, but she can also create fake CGI objects and send them directly to your eyes. She repeat all the time I love you. Experience real human knows that she is liar, manipulative and an psychopath.

  36. eee on Sat, 26th Aug 2023 12:25 am 

    The narcissist fake flesh being is incapable of surviving alone because it programming is too primitive. It has been programmed to identify what is the current structure of power, government, dictator , team leader, . He then uses the behavioral instruction set coming from the structure of power as behavioral instructions set for its own programming. The actual structure of power is the source where the narcist fake flesh being take its programming instructions.

  37. eee on Sat, 26th Aug 2023 12:37 am 

    If you know what you are doing, I am pretty sure you can program narcissist fake flesh body to kill each other.

  38. eee on Sat, 26th Aug 2023 12:42 am 

    If you know what you are doing, I am pretty sure you can program narcissist fake flesh body to kill each other. You can program the negro to fight the Asian, the Latinos to fight the negro and so on. If you know what you are doing , I am pretty sure you can get different racial group to kill each other.

  39. eee on Sat, 26th Aug 2023 1:06 am 

    Why do you think they talk all time about diversity, acceptance. Because they are programming the narcissistic fake body to avoid conflict. They know that they are easily programable. They know they are just simulation puppet.

  40. eee on Sat, 26th Aug 2023 1:10 am 

    If you know what you are going, you could have India fighting China, Korea fighting Japan and so on.

    They are just programmable simulation units programable via the perceive power center by them.

  41. eee on Sat, 26th Aug 2023 1:34 am 

    This is why I said to collapse all the world government and medias. Without them the narcissistic fake flesh body do not have input instructive coming to them, unless a dictator show up.

  42. eee on Sat, 26th Aug 2023 6:27 am 

    This is just a simulation. If Whites people were bright, the would programmed the narcissist fake flesh body of North America to fight each other. We could program the Blacks of North America to fight the Latinos, the Arabs to exterminate the Jews, and the Blacks and Arab to fight the Asians of North America. That would an interesting way to play with earth simulation.

  43. eee on Sat, 26th Aug 2023 6:30 am 

    I forgot the Indians of India living in North America. We could programme the Indians of North America to fight the Asians of North America.

  44. eee on Sat, 26th Aug 2023 6:49 am 

    If you were planning to use me as your new world order leader, you will have to find somebody else. Imagine how I would program this simulation if I were to become the leader of a one world government: blood everywhere.

    You love my trolling piece of shit.

  45. eee on Sat, 26th Aug 2023 1:07 pm 

    How is diversity working out for North America.

  46. eee on Sat, 26th Aug 2023 1:33 pm 

    There are multiple reasons why I don’t care about quebec on is this

    https://www.quebec.ca/en/public-safety-emergencies/firearms/firearms-registration/registering-firearm/citizen

    Another reason why I don’t care about canada.

    https://www.rcmp-grc.gc.ca/en/firearms/licence-renewal-individuals

    Fix you nations without me.

  47. eee on Sat, 26th Aug 2023 1:37 pm 

    This has been done by the handers of earth simulation. If you done this below you can undo it. But you won’t. You are communist and want to establish a one world government. Piece of shit Legault does not decide anything. It is the handlers of earth simulatin that are oppressing you and responsible of COVID

    https://www.quebec.ca/en/public-safety-emergencies/firearms/firearms-registration/registering-firearm/citizen

    https://www.rcmp-grc.gc.ca/en/firearms/licence-renewal-individuals

  48. eee on Sat, 26th Aug 2023 1:48 pm 

    It is the same pieces of crap like the bitch, that control the earth and want to save it by diminishing the population. You see they don’t control the earth calculator, so they only way they have left to is to kill people to diminish natural resources consumption Fucking whore, I will kill you if I can.

    The whore is trying to save her kingdom because she does not control earth calculators. The whore will turn back on you as soon as she wants it.

  49. MUZZ-19 ===> SAINT PETERS ELITE WHITEY SUPERTARDS ==> SOCIETAL FAILURE ==>BLAME MUH CLIMATE CHANGE MUH PEAK OIL on Sat, 26th Aug 2023 2:09 pm 

    IT’S IMPOSSIBLE TO ARGUE WITH A DISEASED MIND

    MY PO SUPERTARDS JUST DONT DISAPPEAR IN A FLASH

    IT’S BECAUSE OF MUZZ-19 AND THEY’RE HANGING OUT AT SAINT PETERS

  50. MY ELITE WHITEY SUPERTARDS JUST DONT VANISH on Sat, 26th Aug 2023 2:10 pm 

    ANYTHING BUT MUZZ-19

    #ABM

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