Thursday, December 23, 2010

The peak oil crisis: the time of the demagogues
Tom Whipple, Falls Church News-Press
At present America is abounding with demagogues professing an answer to the current economic difficulties and a restoration of the jobs and prosperity that is the American birth right. Restoring "prosperity" in the conventional sense of acquiring more and fancier things and ever increasing real incomes will, of course, be impossible as liquid fuels become more and more expensive.

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