Thursday, December 23, 2010

The Peak Oil Crisis: The Time of the Demagogues

Wednesday, December 22 2010 - The transition from 200 years of cheap and plentiful fossil fuels to an era without will go through many phases as it gradually dawns on the body politic what is happening.

A few weeks ago Virginia's U.S. Senator Mark Warner noted that the global warming debate was not so much a scientific one as it was religious. On one side were the apostles of science and on the other was the "American way of life."

When Election Day came, it was no contest - the American way of life won hands down and numerous veteran politicians were sent packing. In state after state, "cap and trade" was widely perceived as the implacable enemy of all Americans hold dear - prosperity and economic growth.

Now it shouldn't take long for one to figure out that the good times we have enjoyed for the last 200 years or so were based on cheap energy. More >>>

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