Please fool wrote:
[quote]relax, remember "peak oil" wrote:
Remember when they said we'd run out of oil any time now? Whoops
Actually I don't.
I do recall -- and can find on the internet -- many predictions running from running out in 40 years to running out in 55 (2055 to 2070). Along with the rightwing "prediction" (i.e., fantasy) that we never will.
Paul Ehrlich, author of the 1968 ridiculous horror fantasy "The Population Bomb", made all kinds of doom and gloom predictions in the 70s that were widely reported. His biggest failed prophesy was that mankind would run out of sufficient food and widespread mass starvation would occur in the 70s and 80s.
U of I business and economics professor Julian Simon offered in 1980 to bet Ehrlich $10,000 that any 5 raw materials that Erhrlich chose would not only not become extinct or scarce, but would decline in price. Specifically, he wagered "that the cost of non-government-controlled raw materials (including grain and oil) will not rise in the long run."
All 5 of Ehrlich's metals selected in 1980 became cheaper, in either actual prices or in inflation adjusted prices. Ehrlich lost and sent Simon a check in 1990.
When govenment allows the free market to flourish, abundance is possible. When government takes too much control, scarcity is more commonly the result.
See the following cases;
Chile vs Venezuela
North Korea vs South Korea
West Germany vs East Germany
Taiwan vs Mainland China
16th to 20th Century England vs Spain
United States vs most of the World