The real question one needs to ask oneself this election is:
Now, which you you prefer? An Oligarchy or a Caudillo?
An increasingly infrequent delve into the creaky mental workings of a cynical old man Per Jesse: Need Little, Want Less, Love More
Now, which you you prefer? An Oligarchy or a Caudillo?
"The target of the Jihad was a machine-attitude as much as the machines," Leto said. "Humans had set those machines to usurp our sense of beauty, our necessary selfdom out of which we make living judgments. Naturally, the machines were destroyed."Frank Herbert, God Emperor of Dune
Why is China’s tolerance higher? Because the value of oil is higher there. For example it is fairly clear that the economic benefit of the first car in a family is much greater than that of the third. Similarly the productivity gain from the first truck in a commercial fleet is greater than that of the twentieth. This observation suggests that rapidly industrialising economies such as China and India have a higher marginal productivity from an incremental barrel of oil than in more developed economies.This really cuts to the nut of the problem that the industrialized world faces. It points at a problem that Mayberry and I have been discussing. When you think about the way that energy is used in this country, you might say that, along with peak oil, we are looking at peak return on investment. The amount of power that we use is inappropriate to the economic realities. Hence the inordinate use of power.
This in turn poses a terrifying question: Would this higher price tolerance mean developing economies could keep developed economies in growthless stagnation by paying oil prices that were just above those that bring developed economies to an economic halt?
Imagine, for a moment, that an industrial nation were to downshift its technological infrastructure to roughly what it was in 1950. That would involve a drastic decrease in energy consumption per capita, both directly—people used a lot less energy of all kinds in 1950—and indirectly—goods and services took much less energy to produce then, too.
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| Data taken from EIA |
| http://tonto.eia.gov/dnav/pet/hist/LeafHandler.ashx?n=PET&s=MCRFPUS1&f=A |