No Belly, I did not think you were advocating boiling down penguins,
it was a joke !
OK on the fall in electricity prices due to work completion.
No I had not heard that, that is encouraging.
I am surprised however as I thought Julia's "Gold Plating" was going to
yake a lot longer.

Re my doom & gloom on fuel, well it is based on arithmetic and is
really hard to deny.
Anyway peak oil is not the future it is literally history now.
There is no way these fracked wells can overcome 4.5% decline rate of
conventional wells.

Pericles, I find myself largely in agreement with your post.
Quote:
>>To me globalisation means manufacturing where cheapest and shipping the goods around the world<<

Merriam Webster describe globalization as the "development of an increasingly integrated global economy marked especially by free trade, free flow of capital, and the tapping of cheaper foreign labor markets"

I do not find mine and your quote to be contradictory in any way.
I believe that the current growth decline is caused by the increasing
cost of energy and that globalisation cannot flourish in a low growth
or what is more likely a zero growth world.

Many who study this field think that the only way to reach a balance
is for a contraction of the world economies to a level that can
match the world population with resources.

Just in case anyone thinks I am talking through my hat about the energy
problem and in particular the tight oil supplies read this by one
of the oil industries well known long time experts;

http://tinyurl.com/n7arawv

He believes that tight oil will peak this year !

Bazz I just about knew what you meant but here we part ways.
See household power started to become to expensive after the NSW ALP in government, privatized it.
I strongly hold the view it needed reform and changed work practices not selling.
We like every state, are in the hands of profit chasers in this area.
Bet we all would be very upset if we knew what politicians hold big share portfolios in this area.
However the solar installation industry is seeing lots of power, much more than some think, returned to the grid under the cost power stations can produce it.
Mate honestly we have been told peak oil is here from about nineteen eighty!
It daily becomes clear alternatives exist, right now, costs however are a problem.
I tend to believe in science and they seem confident that we will use far cleaner and far more available alternative fuels within 50 years.cheers
PS solar rebates while needing addressing are varied some get the 60 cents, putting some $2.50 a day in credit.
Late comers get either 2 cents yes two and I get 6 six cents.
Bet a day comes that all get about six cents the day after contracts end seems about right

I'm not sure that is the case, Bazz.

>>I believe that the current growth decline is caused by the increasing
cost of energy and that globalisation cannot flourish in a low growth
or what is more likely a zero growth world.<<

I could make an equally convincing case that the recent decline in growth was caused by the GFC, and that is also the reason why it is presently recovering. If your theory that the decline was caused by the increasing cost of energy, how come that decline has reversed?

I also dispute that globalization cannot work in a low-growth or zero-growth world economy. In fact, I'd go so far as to say that in order to ensure the survival of as many economies as possible (in your apocalyptic scenario), the need to integrate them becomes greater, not less.

Sorry, Indy have been a bit busy lately.

< So, in your opinion it then doesn't make any difference which Government ? >

The only difference I can see, Indy. Is which pocket they get to rob your hard earned wealth from. One steals from your left pocket and the other steals from your right pocket. At the end of the day you're still poorer.

The fact that the left, right division created by both has us all arguing for who should get what and at who's expense should enlighten you to how effective the two party fraud works to keep your eyes where they don't want you to look!

Also witness those that work in financial circles tell you how good everything is and how the world is recovering. Even a blind man can see the world is in a fraudulent, debt driven shithole with no recovery in sight.