View Single Post
Old 11-12-2008, 10:20 AM   #85 (permalink)
Baraka_Guru
warrior bodhisattva
 
Baraka_Guru's Avatar
 
Super Moderator
Location: East-central Canada
If you've tapped into the media lately, you'll get an interesting picture.

Oil's dipped to as low as $59 recently, and now you have the IEA giving another peak oil scenario: There will be a supply crunch because of forecasted demand increases and the fact that cheap oil will discourage companies from making new investments.

This is what global economic meltdowns do: they twist and turn in on themselves and create environments where potential economic growth is stunted. This is why I believe governments should play a role in these things. They need to open up their coffers and offer incentives to companies to ensure supply doesn't become a problem.

An alternative would be to hit a brick wall.

Fun times.
__________________
Knowing that death is certain and that the time of death is uncertain, what's the most important thing?
—Bhikkhuni Pema Chödrön

Humankind cannot bear very much reality.
—From "Burnt Norton," Four Quartets (1936), T. S. Eliot
Baraka_Guru is offline  
 

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46