Comment: I'm sorry but this is way off.

(See in situ)


I'm sorry but this is way off.

"Fracking, deep water drilling, and Arctic exploration are desperate acts in an attempt to make the impossible, possible."

Fracking, deep water drilling, and Arctic exploration are attempts at economically producing useful energy, which is something they are doing as we speak at millions of locations across the globe. It is not accurate to call what they do "impossible" since they are in fact already doing it, and it is not honest to misattribute their intentions.

****

Rather than type out a long, line-by-line response, I will just ask you one question:

Can you show me a graph that backs up your assertion that the cost to produce oil in real terms has grown "exponentially"?

Since your whole argument is predicated on the fact that the cost to acquire resources grows exponentially over time, if you are unable to provide evidence that this is correct, the rest of your post is meaningless.

I borrow the following from Tom Woods:

"---In 1950, for example, Americans had to work six minutes to earn the money that would buy them a loaf of bread; by 1999 that was down to just three and a half minutes.

---To be able to buy a dozen oranges in 1950 took 21 minutes of labor. It was only nine minutes by 1999.

---Paying for 100 kilowatts of electricity required two hours of labor in 1950, but only 14 minutes in 1999.

---Someone in 1900 would have had to work nine hours, as compared with four hours in 1950, and three hours in 1999, to earn the money to buy a pair of jeans.

---For a three-pound chicken, it was 160 minutes in 1900, 71 in 1950, and 24 in 1999."

What do you think the data would look like for oil? Or Gas? Or gold? Or silver?

Tu ne cede malis sed contra audentior ito