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There are also the people who demand that a cheap alternative be developed so that life as usual can proceed.  I suppose ultimately a sense of denial - not so uch denial that oil will run out, but denial that life has to change.

I run into this in conversations with people.  They make the argument that "The U.S. is different from Europe - we cannot do things that way".  To which my answer is that we have no choice but to change.

by ericy on Thu Apr 27th, 2006 at 08:27:08 AM EST
[ Parent ]
Europe today is a result of many policy changes adopted as a result of the 1970's oil shocks. All the same, people on DKos keep arguing that the Democrats cannot afford to "make the same mistake Carter made".

What worries me is that I don't see European governments talking realistically about the issue, and I'm not confident that they are enacting the right policies behind the scenes. Everyone has caught the free-market liberalism bug and believe that the market will fix things without the need for policy choices.

guaranteed to evoke a violent reaction from police is to challenge their right to "define the situation." --- David Graeber citing Marc Cooper

by Migeru (migeru at eurotrib dot com) on Thu Apr 27th, 2006 at 08:35:03 AM EST
[ Parent ]
As has been pointed out (by Jerome, I believe) doing nothing is a policy choice.

guaranteed to evoke a violent reaction from police is to challenge their right to "define the situation." --- David Graeber citing Marc Cooper
by Migeru (migeru at eurotrib dot com) on Thu Apr 27th, 2006 at 08:44:56 AM EST
[ Parent ]
Death, starvation and (in the best case) being stuck where you are are efficient market solutions to oil shortages.

In the long run, we're all dead. John Maynard Keynes
by Jerome a Paris (etg@eurotrib.com) on Thu Apr 27th, 2006 at 09:12:54 AM EST
[ Parent ]
According to Amartya Sen, famines don't happen in functioning democracies. It is argued that the Irish potato famine escalated from a food shortage to a famine due to the free-market fundamentalism of the Whig government, which was ignorant and unresponsive [hence not properly democratic] towards Ireland.

Do we have a valid analogy here between famine and the possible consequences of a severe oil shock?

guaranteed to evoke a violent reaction from police is to challenge their right to "define the situation." --- David Graeber citing Marc Cooper

by Migeru (migeru at eurotrib dot com) on Thu Apr 27th, 2006 at 09:24:24 AM EST
[ Parent ]
BBC:
A French government report on the global oil industry forecasts a possible peak in world production as early as 2013.
by Detlef (Detlef1961_at_yahoo_dot_de) on Thu Apr 27th, 2006 at 12:35:13 PM EST
[ Parent ]
The Independent published an 8-page special in January which made it quite clear the supply crisis will is very likely to have hit by 2012. (Jerome's diary on it)

guaranteed to evoke a violent reaction from police is to challenge their right to "define the situation." --- David Graeber citing Marc Cooper
by Migeru (migeru at eurotrib dot com) on Thu Apr 27th, 2006 at 01:23:08 PM EST
[ Parent ]

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