Friday, November 19, 2010

The Peak Oil Crisis: Did We Vote Ourselves to Extinction?

By Tom Whipple  

November 17 2010 The disconnect between the American body politic and reality grows larger every day. 

In reviewing hundreds of pages of commentary on the election, one searches in vain for analysis that even come close to describing what is happening to the nation - i.e. we are in the midst of a massive deflating credit bubble and running short of affordable liquid fuels at the same time. There seems to be general agreement that the new balance of power in Washington means two years of gridlock. Despite an occasional bow in the direction of bi-partisanship, the new majority in the house is saying quite openly that it will work to lower taxes, cut spending, will stop any efforts to deal with climate change, and will spend the next two years investigating everything it can about the Obama administration in hopes it will be so discredited in two years that the President can't possibly win another term. Whether this agenda is what the voters thought they would get on November 2 when they voted yet again for change is another question. More >>>

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