Saturday, June 27, 2009

Great post on "The Oil Drum"

Check this post out over at "The Oil Drum". It requires a certain amount of background knowledge to understand what these guys are on about, but Have We Reached an Inflection Point in Economics History?: “Indeflation” and Energy (awful title — the post is easier!) nails many things which we need to understand. They are
  • It's over (meaning the debt-driven consumer economy)
  • Frugal is the new meme, with all that implies for investment
  • The cost of a barrel of oil is now close to the cost of production (no profit=no more oil)
  • Governments at all levels and in all places still don't "get it" and wont in the medium term
  • You're on your own, with respect to existing institutions
I'm in the process of setting up a forum with my friend Linda to get people together in my area who might have some ideas how we can work towards making where we live more attractive and survivable. I'm not smart enough to figure it all out myself, but if we start talking to one another about it (keeping the points outlined above in mind) we may shorten the time taken to work out whatever new arrangements we need.

No comments: