With the economy going to hell, I'd say the people of Iceland will be pretty happy they'll still have the aluminum industry left, especially as I've heard the guestworkers have been shipping out because of the currency collapse: their wages aren't that high anymore in real terms.
So the Karahnjukar project should be a good thing now, if Alcoa doesn't fuck them over somehow. Peak oil is not an energy crisis. It is a liquid fuel crisis.
- Jake If you only spend 20 minutes of the rest of your life on economics, go spend them here.
The fact that they were one of the central players in Pinochet's coup doesn't precisely do wonders for my confidence in their willingness to do well by Iceland either. AFAIK, they were never seriously punished for that story.
We'll just have to wait and see. Peak oil is not an energy crisis. It is a liquid fuel crisis.
