aguywhoplaysthief on 29/6/2006 at 06:44
Because the fallacy would be in thinking that it would improve the standard of living. An oil shortage will cause negative growth, continuously, for years, unless we develop a magical alternative. Any job created by an oil shortage will simply be labor and capital spent on slowing the decline, which otherwise could have been used increasing wealth were there no shortage.
Deep Qantas on 3/7/2006 at 05:21
Ah. But... wouldn't it still mean that it'd be beneficial to prepare for the situation beforehands regardless of whether it'll be a disaster or just a regular bad thing?
aguywhoplaysthief on 3/7/2006 at 09:53
Dude, what are you responding to? Have you been reading the thread?
TheGreatGodPan on 3/7/2006 at 20:37
Quote Posted by Deep Qantas
Ah. But... wouldn't it still mean that it'd be beneficial to prepare for the situation beforehands regardless of whether it'll be a disaster or just a regular bad thing?
Depends on how extensive your preparations are. If it's just slightly bad, buying some oil futures could be a good bet. If it's going to be the end of the world, going all crazy-survivalist might be reasonable. But if it isn't you'll have spent your life savings on some stuff you don't really need and you'll feel stupid.
Deep Qantas on 4/7/2006 at 04:55
Quote Posted by aguywhoplaysthief
Dude, what are you responding to? Have you been reading the thread?
Are you advocating that we should let the market forces handle the whole peak oil thing without any government interference? Cos that's the image I'm getting... and responding to.
aguywhoplaysthief on 4/7/2006 at 05:48
If the individual states want to spend some money on research for alternative energy sources, or the military wants to spend money on researching for alternative energy sources for military purposes (that may have larger consequences), then that would be okay with me.
Rogue Keeper on 4/7/2006 at 16:49
But... but that would be waste of my precious taxes!
Renegen on 4/7/2006 at 16:55
Quote Posted by BR796164
But... but that would be waste of my precious taxes!
If you are an American citizen, those wastes of your precious taxes began in the 70s. And they still haven't brought any cheap alternative to oil.
Rogue Keeper on 4/7/2006 at 16:58
I just wanted to adopt a right-wing perspective for a moment.
