On 3/12/07, Julio Huato <[EMAIL PROTECTED]> wrote: > The future is not a replica of the past.
Yoshie Furuhashi wrote:
Right. But the question is, will global capitalism stay in business? If the answer is yes, it is safe to bet that oil consumption at the global level will continue to rise into the foreseeable future:
the idea that global capitalism won't stay in business in the foreseeable future seems irrelevant. It's possible we'll have a world depression and/or a break-up of the world into competing nationalisms, but even the latter (which seems less likely) doesn't involve global capitalism ending or shutting down. one major possibility is that a world depression would put a major damper on efforts to move away from fossil fuels. First, it would drive down oil & gasoline prices, discouraging private efforts to economize on them. Second, it would squeeze national government budgets, threatening funds allocated for replacing and/or economizing on fossil fuel. -- Jim Devine / "The truth is more important than the facts." -- Frank Lloyd Wright
