Wednesday, July 13, 2005

Reality Check: That Long Black Cloud is Coming Down

When the man is right, he is sure enough right. Jim Kuntsler comments on a "Pandemic of Brainlessness." An excerpt:

"What all these cretins seem to miss is the cold hard fact that today's transient global economic relations are a product of very special transient circumstances, namely, relative world peace and absolutely reliable supplies of cheap energy. Subtract either of these elements from the equation and you will see globalism evaporate so quickly it will suck the air out of your lungs.

Also, it must be obvious that relative world peace depends on equitable distribution of cheap energy. If the industrial nations don't get the oil and gas they need at a tolerable price, they are going to get very cranky, and when nations get cranky, peace itself is in short supply.

Three quarters of the world's oil is in the eastern hemisphere -- two-thirds of the total is in the Middle east alone. Guess what? All of it is a lot closer to China than it is to us. Some of it they can walk to. Do you have any idea how desperate for oil both China and America are going to be in five years? Do you have a clue how tapped out America's WalMart shoppers are going to be as jobs vanish and the value of a dollar craters in the face of runaway energy prices?"