Soldato
- Joined
- 4 Aug 2007
- Posts
- 21,989
- Location
- Wilds of suffolk
Something will have to give.
These prices will grind Europe particularly down to nothing.
Shows that at the core natural resources within your borders means so much.
And not selling them off to private corps!
We are stuffed in Europe. Too big a population, too reliant on volatiles countries resources. If this cost keeps up we and many other countries will just accelerate our decline.
We are over populated. I've never agreed with people who say we aren't. Things like this highlight it.
If these prices are the new norm standard of living is going to tank even more than we think. Government help can only go on so long.
I guess vulnerable people will just die?
Time to move to a hotter climate!
I agree in some ways, but disagree in others.
Its always been the case that domestic resources are a boon, the main benefit in time of ... war.
They also mean less likelihood of importing inflation on those items, although once you go full on capitalism the benefit moves from security of supply to GDP benefit.
Whats happened is that for the last couple of hundred years fossil fuels have been cheap to extract and as such have dominated energy.
We got used to it, and took it for granted.
I dont think anyone now really thinks that time isnt over, its just for how much longer can we keep extracting and allowing their usage in vast numbers.
Its certainly possible for us to move off most of them now, but the economic cost is prohibitive.
The population is a somewhat similar issue in that our growth has been kept pace with by innovation, its amazing when you look back 2000 years what % of the population was simply providing food.
Even back to WW2 when we were trying to grow as much domestically has been dwarfed now.
How many times we can keep doing this is an unknown, but I think we will see at least one more, the switch to high tech hydroponics in factory farmed areas as opposed to open land.