Friday, November 14, 2008
The Peak Oil Crisis: The First Rule of Holes
Thursday, 13 November 2008: America has dug itself into the deepest hole it has been in since 1860 when the dispute over slavery reached its zenith.
That hole took five years of war and 150 years of social discord before we could start climbing out. The current hole, reliance on fossil fuels for nearly everything, will also take many decades of hardships to work itself out.
For now however, digging our hole deeper continues everywhere. Oversized gas-guzzling automobiles continue to be built and sold by the millions. New generations of kerosene-guzzling airliners are being readied for the market. Houses and all sorts of buildings requiring excessive amounts of energy to be habitable continue to be built. Roads are being widened and lengthened. Our great national hole deepens every day.
Getting out of this hole will not be painless.
At the top of the national agenda this week is what to do with the automobile industry which employs millions, is burning through billions each month, and will be utterly bankrupt by New Years. More >>>