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There is a problem with this analysis... a reduction of oil consumption in cars.. or a shift to battery is all it takes to overcome any decline in oil production... once oil is out of the question a major investment in energy production can compensate the new emerging car model... and we have plenty of sources of energy...If yo make the numbers, a car transition starting within a year will take at msot 10 years... covering all the oil depletion... int hese ten years youa hve to produce the energy.. ad eergy projcts last around 5 years...3 years if pressed...

the only question is how abrupt or tender the transition will be... but there is no doom scenario I can foresee... I think even a great depression is almost impossible, given the money that can be invested in energy and new car productions....

but it can be a bumpy road ,lasting even a decade in the worst case cenario...a dt he capitalsim at the end of te road will be very different...

A pleasure

I therefore claim to show, not how men think in myths, but how myths operate in men's minds without their being aware of the fact. Levi-Strauss, Claude

by kcurie on Wed Nov 12th, 2008 at 12:04:03 PM EST
[ Parent ]
Nobody will buy your books or pay you for speaking if you say things like that.
by Colman (colman at eurotrib.com) on Wed Nov 12th, 2008 at 12:12:38 PM EST
[ Parent ]
Would it help if I sa that the trasnition can be very very tough... and as krugman says the worst sicne the Great Depression?

Oh.. well this is soemthing Krugman already says.. and I guess eh gets fees... I just ened a noble prize.. I will keep on working on it..

A pleasure

I therefore claim to show, not how men think in myths, but how myths operate in men's minds without their being aware of the fact. Levi-Strauss, Claude

by kcurie on Wed Nov 12th, 2008 at 12:34:18 PM EST
[ Parent ]

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