Peak Oil
Kevin Drum, at Washington
Monthly, has been making some points for awhile about the "Peak Oil"
hypothesis, that worldwide oil production will peak and begin to decline in the
relatively near term. Well, apparently "peak oil" is now a mainstream
assumption of the oil industry itself, as he outlines in this post.
The larger question raised by all of this is, of course, political -- particularly whether our hyper-partisan, dysfunctional, and myopic political system can even begin to address a problem that 10, 20, or 30 years off.
(And Social Security doesn't count here -- Bush's Social Security "reform" proposals actually illustrates why the current political system cannot process rational and coherent long-term policy. Bush's Social Security effort has more to with the need to use the Social Security Trust Fund to pay for his tax cuts than anything else.).
The larger question raised by all of this is, of course, political -- particularly whether our hyper-partisan, dysfunctional, and myopic political system can even begin to address a problem that 10, 20, or 30 years off.
(And Social Security doesn't count here -- Bush's Social Security "reform" proposals actually illustrates why the current political system cannot process rational and coherent long-term policy. Bush's Social Security effort has more to with the need to use the Social Security Trust Fund to pay for his tax cuts than anything else.).
Posted: Fri - May 27, 2005 at 11:43 AM
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Published On: May 27, 2005 11:43 AM
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Published On: May 27, 2005 11:43 AM