Economy...?

[leftForDeadPhoenix]

Well, There's really nothing you can do about it, but at least your government is doing all they can by invading innocent countries such as Iraq to steal their oil, building military bases in different parts of the world etcetera. In the coming years we are going to see fuel shortages everywhere...

New evidence has come out that oil is not a fossil fuel, so it will not run out like a lot of news people are predicting.

http://www.worldnetdaily.com/news/article.asp?ARTICLE_ID=59991

The US of A has not stolen any oil from Iraq, btw. Where did you get that idea?

 

[Create Reality]

the world won't implode if we run out of oil but somebody will get the short stick. the economy is stagnant because people are growing smarter than to spend all their money on useless consumer ****. but dont take my word on that.

 

[SmoothTalker]

I can't agree with that at all, if anything the average person is spending more than ever. Okay maybe there's been a very small dip recently because of economic worries, but overall we're certainly not less prone to consume.

 

[Rhoto]

We invaded Iraq to slow the oil production, and ideally, cut China off.

 

[ShockerGuy50]

Rhoto, I did some research about nuclear energy from the perspective of Japan. Uranium is expected to last about 50-70 more years which isn't that great.

source: http://www.world-nuclear.org/info/inf75.html

Also sorry not trying to turn this into a nuclear energy debate. (i support it anyways)

 

[gösta berling]

A short video about peak oil, for those of you who are still clueless as to what lies ahead. Abiotic oil? Ethanol? Coal? Pleeeaase!!

BRITNEY'S REVENGE - Uncut
http://www.youtube.com/watch?v=cCF5tU4_o7Y

 

[Corona]

We'll be fine.

Do you think our political and corporate overlords would kill us all off? Where would they get their money from then? :crazy: :crazy: :crazy:

At least, that's what I tell myself when I try to go to sleep at night.

 

[synergy1]

Rhoto, I did some research about nuclear energy from the perspective of Japan. Uranium is expected to last about 50-70 more years which isn't that great.

source: http://www.world-nuclear.org/info/inf75.html

Also sorry not trying to turn this into a nuclear energy debate. (i support it anyways)

50-70 years gives research science time to figure out new technology, or how to mass produce existing technology like fuel cells.

 

[decades]

less than attractive rich women can be your security blanket in times like these.

 

[STR8UP]

Our economy actually grew a little this last quarter, so no recession. We still have a fairly free market, so we are ok for now. Socialism and taxes kill business. Both Republicans and Democrats are moving more toward full-blown socialism, which is cause to worry.

Presidents have very little effect on the economy, btw.

I always crack up when I hear people talking about how much better everything was when Clinton was in office, without taking into account the cyclical nature of economies and dozens of other factors that a president has no control over.

 

[Evzone]

I always crack up when I hear people talking about how much better everything was when Clinton was in office, without taking into account the cyclical nature of economies and dozens of other factors that a president has no control over.

The problem is that the average person in the US knows basically nothing about economics, and the average politician knows even less. So, you can take credit for or assign blame to pretty much whatever you want if you're a good enough speech writer.

The government does not "control" the economy. This isn't the Soviet Union.

 

[leftForDeadPhoenix]

I always crack up when I hear people talking about how much better everything was when Clinton was in office, without taking into account the cyclical nature of economies and dozens of other factors that a president has no control over.

How the fuk people think the President can control entire global markets is beyond me. Entire networks of economic geniuses still don't know everything about what makes markets works and still people think that one man or even a few dumb politicians somehow have wrapped their heads around the economy and are controlling it. And I get surprised when people freak out about UFOs...go figure.

 

[Falcon]

The government can control an economy in a sense, or at least heavily influence it. Through government, laws are created in which all businesses have to follow. Decisions are made on what to subsidize, setting wages, going to war, how much to tax, etc. And this is not even considering monetary policy, in which an institution like the federal reserve has a huge amount of influence over the economy.

 

[canadianmetalhead]

I'm scared.

 

[Cry For Love]

I'm scared.

There is no reason to be. The problems mankind faces in the near decades may seem frightening because we are so used to extremely comfortable sedentary life, but in practice, people havent had any fear of hunger ever since 17th-18th century(other than some sadistic attempts by dictators) when more advanced farming techniques were invented.

Heck, people in africa keep getting poorer and poorer compared to the rest of the world and look how happy they are! Dancing and everything :cheer:

 

[joe bloggs]

Thus the world's present measured resources of uranium (4.7 Mt) in the cost category somewhat above present spot prices and used only in conventional reactors, are enough to last for some 70 years. This represents a higher level of assured resources than is normal for most minerals. Further exploration and higher prices will certainly, on the basis of present geological knowledge, yield further resources as present ones are used up.

Known nuclear reserves are always going to be lower than actual nuclear reserves because there hasn't been any serious investment in exploration.