I haven't had time to read all the post (in a rush, about to go out).
But has anyone heard of peak oil?
I will explain it later if you haven't.
The petrol/gas prices are causes much bigger problems than what many people believe.
Many airlines are now struggling to make profit because of high oil prices. If they raise their ticket prices further, less people can afford to travel on them.
Farmers use patrolium based fertilisers to grow food.
Actually, oil pretty much plays a role in everything in a modern day society.
If the price of oil doesn't stop going up (it is expected to continue going up worldwide) then:
Airlines go into Liquidation (they already are around the world)
Taxis buisnesses go into liquidation
Shipping cost increase
fertilizer price goes up = food goes up
Travel Agents go out of buisness (no one traveling, to expensive)
Car manufacturors go under (as well as those who sell cars for a living) as no-one wants cars anymore due to high cost of running.
Trust me, you have ALOT more problems to worry about than running ya car.
We should have Geology forum here... they'd know quite abit about peak oil (and its a science... makes sense).
Most alternatives of oil use incredible amounts of energy to make. Biofuels? They use fertilizers. Wind farms? Lots of oil is used to create them and get them on location (perhaps more energy than they will produce in their lifetime(.
Strongly advise you to read some geology textbooks.
Shell oil was recently caught lying about its reserves... it has a lot less.
I would encourage people to read their Reserve/Central banks monetary policu as well as other nations as well.
Read Chinas (yes, it does make it public), USA, Britian, Australia, New Zealand, Canada, French, Sweden (don't know if they release it).
Remeber also, monetary policy is usually based in things that are currently happening rather than why it is happening (non of them mention peak oil, even though many politicians and alot of geologists are now admitting were there...)
I STRONGLY encourage all people to start growing their own fruit and vegetables right now. Get all variaties. Ones that grow in different seasons... Your gonna need the money that you'd normally use for food on other things (if it still has value). Gold may be a viable option also (notice it has doubled? (in America). People are abandoning debt based currency rapidly. Basically, people are losing confidence in the money supply.
Where I live, alot of my fellow students are watching the US currency drop. We keep pretty up to date with this stuff. The world has alot of its wealth invested in US currency so with a faultering US Economy it is making everyone nervous. Countries around the world are starting to get rid of their US dollars... slowly though. If they did it all at once it would cause panic and everyone would try and get rid of all their US dollars... this would cause chaos. Make no mistake though, the US dollar is being given up slowly but surely.
I Wish everyone the best of luck in the coming years.
This post has been edited by LawLord: 10 June 2008 - 04:45 AM