Before Katrina oil prices are high because demand=supply, now after Katrina demand>supply
supply will never likely ever exceed demand ever again, not if growth continues which it cant for too much longer since the two are directly tied together
civilizations have risen and fallen because people still dont understand geometric doubling and a very very basic logarithmic function
scary part is, even facing overwhelming evidence to the contray, many people think unlimited growth will continue indefinitely
The US has screwed itself, it has built an unsustainable way of life that will later in history be looked at as the biggest misallocation and misuse of resources in world history.Unfortunately, it will use military power in a futile attempt to delay the inevitable instead of dealing with this in a responsible manner.
supply will never likely ever exceed demand ever again, not if growth continues which it cant for too much longer since the two are directly tied together
civilizations have risen and fallen because people still dont understand geometric doubling and a very very basic logarithmic function
scary part is, even facing overwhelming evidence to the contray, many people think unlimited growth will continue indefinitely
The US has screwed itself, it has built an unsustainable way of life that will later in history be looked at as the biggest misallocation and misuse of resources in world history.Unfortunately, it will use military power in a futile attempt to delay the inevitable instead of dealing with this in a responsible manner.