The Unofficial But Kind of Official US Pawliticks Thread

[Fnord]

The real story of the economy

The Oil Drum | Oil Limits, Recession, and Bumping Against the Growth Ceiling

Cost of energy trumps all, and it's not really even close. Correctly structuring revenue streams and oligopoly laws can only do so much.

This vastly under-estimates how mismanaged the government is nor the capacity of market to solve problems in unexpected ways. These guys have been predicting a global crash via a resource crunch for years.

From the article:
"I have talked to a couple of groups recently (one a church group; one a peak oil group), about this issue."

Glad to hear he's reaching out to critical minds that will come up with well thought out challenges to his conclusions.