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A place where liberal politics and yachting collided
"Resources are not, they become."
Lovejoy, The Road to Spindletop. DSK wrote: jlrogers±³© wrote: Thank you Professor Maltus. Very good JL. You get the bonus points for Esoteric Trivia. I'm impressed. For those who have no idea what contribution Malthus made, see http://www.econlib.org/library/Enc/bios/Malthus.html (the short version) http://socserv2.socsci.mcmaster.ca/~.../3ll3/malthus/ (the detailed version including the actual works of Malthus) Applying Malthusian principles to the energy supply may be valid economics, I tend to lean that way. The reason why we are so dependent on oil & fossil fuels is that the number of watts per dollar is very much greater than anything on the near horizon. So, yes, we will have plenty of energy to power our hi-tech industrialized economy after the oil is gone... the bad news is that it will cost a lot more, leaving much less disposable aggregate income, *until* higher levels of technology bring the cost of that energy down. Most people who tout 'alternative energy' can't do math. Regards Doug King -- jlrogers±³© Never date a woman you can hear ticking. - Mark Patinkin Eschew Obfuscation. |