[PREV - NOWHERE_WARNINGS]    [TOP]

NOWHERE_OIL

           
Kunstler evidentally hasn't heard
that betting on resource shortages        GOLD
has been a losing game:
                                        
   "The known global reserves of              
   petroleum are expected to                         
   last roughly another thirty                    (No source cited.)    
   years." p. 111              
                                                                    
Almost 10 years later, what's the figure?
Do we have 20 years to go, or has it
miraculously stayed at around thirty?
Because that's the usual pattern of these
imminent resource shortage predictions...


   Notably, Jane Jacobs is smarter   
   than he is in this respect.  

   A few of her comments to Kunstler 
   in an interview conducted by him:


     JJ: Well, you see all my life I have been hearing
         that the oil was going to run out. It never  
         happens. They keep discovering new oil       
         fields. The world is apparently floating in  
         oil fields.                                  
                                                      
     JJ: I basically don't think that the way we do   
         things is that dependent on one resource,    
         such as oil. There can be different kinds of 
         engines for cars.  ...  I do not think that  
         running out of oil is not going to bother us 
         that much. I think we have got to be rescued 
         by something or we really are going down a   
         slippery slope.                              
                                                      

             http://www.kunstler.com/mags_jacobs2.htm



--------
[NEXT - NOWHERE_MODERN]