Quote:
Originally Posted by cbacba
I guess they haven't figured out yet that oil (and hence energy) is no longer valued in US $. Hence inflating the currency to give away money. They've been doing it way too long now and the value has dropped even relatively from $1.30/UK pound sterling now to $2.05/UK pound sterling and who knows how weak the pound actually is.
However, there is one bright note. The pinch of farmers with doubled fuel costs and no increase in produced commodity prices has already started started reducing the efficiencies and production rates. One cannot afford to fertilize as much now. One cannot afford to perform brush control. Hence, less food will be produced and some of that seems destined for the unsustainable government subsidized food burning project called ethanol. It's starting to sound like the population of planet earth is about to undergo a major culling.
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Hi Cbacba,
Yeah, so much for ethanol as a viable alternative. I called that one way back. I'm in Northern Cal, we have people driving around advertising their bio-fuel use proudly. It is looking more like a bio-famine at the moment.
~Paradox