2 posts tagged with oil by thedailygrowl.
Displaying 1 through 2 of 2.
Is the currency that oil is denominated in the real reason for the Iraq War? "The Federal Reserve's greatest nightmare is that OPEC will switch its international transactions from a dollar standard to a euro standard. Iraq actually made this switch in Nov. 2000 (when the euro was worth around 80 cents), and has actually made off like a bandit considering the dollar's steady depreciation against the euro. (Note: the dollar declined 17% against the euro in 2002.)"
The life-expectancy of Industrial Civilization is horridly short according to Richard C. Duncan and his Olduvai theory. Like all of these weird theories it can be found on the outer fringes of the Internet. Duncan's theory kind of tracks the Hubbert Curve model of petroleum depletion that has been posted before on this site. As Isaac Asimov has stated "Indeed, the ability to control energy, whether it be making wood fires or building power plants, is a prerequisite for civilization." Only time will tell if Duncan was on to something we should have paid attention to.