cjwirth

Pondering the Fate of an Oil Exporter: Squandering One's Inheritance Cheaply

Good article. but is is based on a VERY COMMON MYTH:

"if one had converted the built-up years of oil revenue to new productive capacity in energy."

The problem is that renewable energy is a myth.

Renewables yield electric energy and 80 years of trying and no easy way to convert this into powering tractors, combines, trucks, ships, and airplanes. Likewise, algae oil and veggie oils are a myth in terms of solving the liquid fuels crisis.

Wake up folks, time to prepare for Peak Oil impacts.

Documented here:
survivingpeakoil.blogs.../
www.peakoilassociates....