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Hart
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The Dreamtime

- James Howard Kunstler -

So I'm not sure where our opinions diverge enough that it warranted a response? Especially when I stated that "They do what's good for the shareholders." I own a company and I understand that my company has to provide a return. When I stated “Since when has a large oil company ever done anything because it's good for the people?” it was simply that, a statement not a point to argue over.

As for electric cars, this is a topic that much discussion and opposition will be focused on in the near future. Having gone through a public panel with the city I live in that was formed specifically to review options for public transportation and general resource use by the city today and in the next 50 years, I have been privy to the kind of information most people don't bother to read or even think about. I have had a firsthand look, over a period of several months, at the challenges this world faces with regards to energy on a far larger scale then my own back yard. At first glance electric vehicles hold a lot of value, it's not till you get into what it takes to sustain a fleet of these vehicles that you start to realize electric is not a viable option at this time and won't be till some major breakthroughs in battery and motor technology happen. The power to charge these vehicles is another problem, people wrongly assume that solar and wind generation will replace coal and gas fired power plants. There is today no better engine than a diesel to move people and produce around with a reasonable associated cost. How long this will hold all depends on how the oil companies maneuver things. While solar and wind can certainly ad to the grid when the sun is shining and the wind is blowing they become useless without these natural elements. When it's dark and no wind is blowing we still need an alternative to charge those vehicles and run the air conditioners. If a very large abundance of green power is put into the grid why would we expect the owners of power plants to keep them running? Why would or should they be happy to maintain all that equipment just to pump out a few GWH only at night? As a shareholder based company they have to provide an ever increasing profit for the shareholders or close their doors. What would happen if the power plants were shut down, even a portion of them? We wouldn’t have enough juice to recharge that vehicle battery when we get home at night. At best with some power plants still running we would have rolling blackouts, not something that is conducive to keeping people happy that want to run the air conditioner every night. I’ve lived for years in a third world country where rolling blackouts are common, the people are accustomed to this since they have never had 24/7 uptime on their power plants, how long do you think spoiled people in the US or Europe would tolerate this kind of thing before there were riots? Nuclear is an option but if you've kept up on what's going on in the uranium and its associated mining industry you'll know that the US will be running short on uranium supply in the not so far off future forcing them to buy from countries they’ve been pissing off for years. This will of course cause the price per kilo watt hour to keep going up. Given these facts, that fuel prices will keep going up with no real alternatives, is it then really too much to imagine that horse and buggy may become more common place, especially in rural areas? Will it be unreasonable for city dwellers to start looking at where they can put a garden? If it takes a few hours of grazing to put enough energy into a horse which can then take you into town and back vs. paying $12 for a gallon of gas or $16 for a gallon of diesel and you had a buggy to pull with the horse what would you chose? This brings us closer to JHK’s world made by hand. The event that puts us back into this mode need not be apocalyptic, it could be nothing more than energy company shareholders demanding higher dividends, but there will come a time when humans will start looking at what they can do to reduce their overall energy bill and the costs associated with trying to stay fed.

There is no easy way out of higher future oil prices when our world infrastructure has been built around the use of fossil fuels, no matter if markets are free of government intervention. We can wish for new technologies that will save us and I for one hope that there will be advances that a free (freer) market can bring us at a reasonable price. Ask yourself though if you are willing to bet everything you have on these ‘possible’ advances and not take advantage of what has worked for years. In one of your previous posts you state “I own gold and silver”. Why? Are you hedging your bets and ensuring that when the fiat Ponzi scheme crashes you still have something? But... But… Gold and silver are ancient relics, what could they possibly do for you when there’s lots of fiat cash? Ask yourself the same thing about other things humans have done for thousands of years, things like growing their own food, working the land by hand, using a horse drawn buggy. Insurance comes in many forms.

And as I’ve stated, I am a vocal opponent of the Man-Made Global Warming crappola so please don’t try to make me out as some tree hugger who hates oil. Much of my income comes from the oil industry. I merely hold a balanced view of what’s happening and don’t let lunatics on either end of an issue determine what I believe.

Commented 3921 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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