Scarcity of resources and insufficient infrastructure cap supply; emerging global middle class drive demand. Given these circumstances one may rationally presume substantially higher energy and material prices in the foreseeable future. This notion is augmented by the active weakening of the currency we reflexively price resources in.
We lack the copper to build pipes to deliver potable water to the world. We lack the cement for the 200 nuclear reactors needed. We lack the silicon for the solar panels and aluminum for the wind turbines. We lack scalable technology for harnessing geothermal, hydro and seismic energy. We divert corn to offset oil demand while Haitians riot for food. Our oil, coal and natural gas discoveries likely peaked. Fish, in fact, peaked in the late 80s.
Most scarce of all, the will to effect these realities.
Only by rationally facing these challenges can we confidently address each of them.
Further reading:
http://www.pickensplan.com/
No comments:
Post a Comment