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 Originally Posted by Fnord
This vastly under-estimates how mismanaged the government is nor the capacity of market to solve problems in unexpected ways. These guys have been predicting a global crash via a resource crunch for years.
From the article:
"I have talked to a couple of groups recently (one a church group; one a peak oil group), about this issue."
Glad to hear he's reaching out to critical minds that will come up with well thought out challenges to his conclusions.
Yeah, I'm not really going to spend much time defending the Oil Drum or their interpretations, but the article is for the graphs of facts of the energy costs.
And you're deeply, sorely mistaken if this is a problem of government policy. Most oil production has virtually no significant affectations from government policy; they're the most autonomous of industries on the planet. Besides, the numbers simply do not exist for the Invisible Hand to conjure more scalable cheap oil
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