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What is not comprehended about this predicament is that the developed world will begin to suffer long before the oil and gas run out. The American way of life can run only on reliable supplies of dependably cheap oil and gas. Even mild to moderate deviations in either price or supply will crush our economy and make the logistics of daily life impossible. Fossil fuel reserves are not scattered equitably around the world. They tend to be concentrated in places where the native peoples don’t like the West in general or America in particular, places physically very remote, places where we realistically can exercise little control . For reasons I will spell out, we can be certain that the price and supplies of fossil fuels will suffer oscillations and disruptions in the period ahead . (en) |
