The Glorious Atomicflea wrote:
it's led me to sadly acknowledge that we, as a country are undergoing a shift in our collective paradigm and there is nothing to do but hold on tight and adjust. I've done it before--but I also see people in total denial, waiting for the 90s to come back.
I am optimistic. Not for the US, necessarily, to return to the 90's, US style, but for the US to look more like Europe did in the 1990s. And this is regardless of who politically is in power in the US. What I mean by this is: less spending on health care, less on the military, not a superpower militarily, less imports, more local production, generally: higher prices, higher wages, fewer jobs and far greater local autonomy.
By the way, this is not a hope, just what I feel is inevitable.
Here is roughly why: the world's population is transitioning from mostly poor to mostly some approximation of "middle class" (not US style, at least not yet). Now it is cheaper to produce goods where labor is cheap and transport them elsewhere. In the future, wages will rise elsewhere (China, for example) and fuel costs will be more expensive. Some of those manufacturing jobs? Ya, they are coming back. Not necessarily all back within US boarders, but closer. And at higher wages which means higher prices...and all the rest I said above.
About energy: I am an optimist on electricity. There are several ways we might generate comparably priced electricity. However, I am not an optimist on fuel prices. When the majority of people in China and India begin to drive cars, there will be a demand for fuel which cannot be offset by added exploration.