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The warning we are ignoring : Comments
By Keith Suter, published 9/11/2018Gross domestic product (GDP), the measure of economic activity, for instance, will actually increase as the climate gets worse.
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been quite accurate. Resources are starting to present themselves as
a problem that will have to be tackled.
Rome declined because the silver mines in Spain were being worked out
and the slaves had become too expensive to work those mines and the
Italian farmland. To make matters worse the Arab & Nth African slave
traders had decimated the Roman sea trading ships forcing Roman
merchants onto expensive and slow land transport.
The slave traders raids on the European mainland forced up the price of slaves.
Rome did not decline because of material shortages. However we are
facing a longer term decline ourselves, in that at some time in the
future both oil and coal will become too expensive to mine.
Peak crude oil occurred in 2005 and we have been kept going by the
resurrection of the old technique of fracking. We got ten years relief
there but the warnings are that the shale, ie tight oil, companies are
all running at a loss.
Heed Royal Dutch Shell's CEO warning last year that his company is
planning its way out of the oil industry.
It looks like the energy industry will be the bellwether for all
industry.
I doubt I will see much of it but I can hear that tinkling bell