Your share of the national debt

We usually hear about "lies, damn lies, and statistics," but, in the case of the US national debt, it's more like "lies, damn lies, and more damn lies."  Bush and Congressional Republicans campaigned on promises of fiscal restraint, but their promises have turned out to be even bigger lies than the ones they…

Continue ReadingYour share of the national debt

Civilization as we know it is coming to an end soon – the issue of Peak Oil

No, this isn’t one of the many religious end-of-the-world warnings based on dusty books or personal revelations. It’s much worse. It is the story of “peak oil,” based on the sort of evidence that leaves both disciplined scientists and conservative bankers tossing in their sleep.

Exhibit A is the refusal of oil companies to build any additional refineries. They won’t build them anymore because refineries won’t be needed, even as demand for oil is relentlessly soaring. Why won’t refineries be needed? Because there won’t be any new oil to refine.

The story of “peak oil” is so huge and horrifying that the American public probably couldn’t bear to hear about it, even if the national media bothered to cover the issue. Of course, the American media is still too busy telling us about Janet Jackson’s nipple, Aruba murders and teachers having sex. If you want to be truly informed–if you want to be the person who destroys the mood at the next party you attend, read the next few paragraphs.

Here’s the problem in a simple picture representing the discovery and production of oil over time:

PeakOilDiscovery_op_800x489.jpeg

Matt Savinar is a California attorney who has worked incessantly to spread the word about global “Peak Oil.” A visit to his detailed and sober website is like a brutal kick in the stomach. It leaves one wondering who is going to take care of all of us and how “they” are going to do it. No such luck, according to Savinar. We’re all …

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Continue ReadingCivilization as we know it is coming to an end soon – the issue of Peak Oil