How then, do we move backwards? How does a society, with most of the people having no clue of future events, move from being dependent on a vast and intertwined network of goods and services produced by the indigenous people of whereever, to a local resource and renewable energy based society, and do so in the timeframe available (20-30 years using the most liberal extimates, 10-20 with resonable estimates, 5-10 with worst case scenarios), all the while prices on everything increasing, world politics getting more militaristic, governments continuously reducing civil liberties, shortages of goods on the market and weather patterns resembling bad Hollywood movies?
What will you cut back on to compensate for higher energy prices?
Travel
29%
[ 95 ]
Eating out/Entertainment
27%
[ 89 ]
Groceries
0%
[ 2 ]
Purchases of capital goods
10%
[ 33 ]
Tech Toys: Cell phones, cable TV, etc.
23%
[ 77 ]
Investments
3%
[ 10 ]
Recreation
5%
[ 18 ]
Total Votes : 324
Author
Message
patience Expert
Joined: Jan 04, 2008 Posts: 1331
Posted: Thu Jul 24, 2008 5:49 pm Post subject: Re: The Near Term Economic Effects of Peak Oil
A truck driver neighbor came to our shop today for a small steel purchase, saying he just bought a newer used semi truck. His old one blew up the motor, and a rebuild would be $18,000. And, he'd still have a truck with 917,000 miles on it. He bought one a year newer, with only 200,000 miles on it for $25,000. A no-brainer in his situation. He has a fairly good contract hauling to a power plant.
Trucking is suffering a lot from a slowing economy, etc., and thus brought the price of the used truck down to this point. Not too many years ago, the engine rebuild would have been much more competitive he said.
Separately, Louisville is celebrating at the news that Ford will retool their Explorer plant, previously set to be closed, for new small cars. If Ford can stay solvent, that is. _________________ Local fix-it guy..
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