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Jake
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The Dreamtime

- James Howard Kunstler -

Mr K, I believe you have hit a very large nail precisely and powerfully and right square on the head. As an observation of the current situation this piece is incredibly accurate IMO.
To amplify what another commenter has said, we are not running out of oil or gas. The EROI or energy return on investment is changing for the worse. We are down to 9-1 from 100-1 a century ago. Tar sand is 4-1 return with the higher grades maybe 6-1. When it takes 1 gallon equivalent to get 8,7,6,5,4,3,2-1, we likely will still get oil and gas but the price will reflect the energy required to obtain it.
This is why some have referred to precious metals as "stored energy."

Commented 3919 days ago

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Beginning of the headline :The idea that techno-industrial society is headed toward a collapse has become very unpopular the last couple of years. Thoughts (and fears) about it have been replaced by a kind of grand redemption fantasy that bears the same relation to economics that masturbation has to pornography. One way to sum up the current psychological state of the nation is that an awful lot of people who ought to know better don’t know their ass from a hole in the ground anymore... Read More

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