Energy experts and economist continually assure us that if the price of crude oil keeps rising, alternative energy sources eventually will replace crude oil. They cite the basic economic theory (market price mechanism) that one type of good can be substituted for another as far as the two types can be consumed or used in place of one or another for at least some of their possible uses. Here are [...]
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by theeconomiccollapseblog.com Well, let’s take a look at oil first. Oil Shortage? Right now oil is absolutely essential to almost everything that we do. We require oil to drive our cars, we require oil to produce our food, a large percentage of our homes use energy that is derived from oil and most of what we buy at the stores comes in packaging that is made up at least [...] Oil shortages could turn outer suburbs into slums December 28, 2010 AUSTRALIA will be forced to rely on huge quantities of imported oil unless it radically overhauls its transport and urban policies, according to a study by the Planning Institute of Australia. It warns that without urgent national action the trade deficit will spiral and many outer suburbs will become slums. The study comprises a series of papers in the latest edition [...] |
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