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The production of usable goods and services is necessarily predicated upon available energy to effect such production or service. When available energy (≅ net energy) declines, the production will decline pari passu. The promise (in the form of fiat currency) of future offsets to the decline will ultimately come due, at which time the piper can only be offered wheelbarrows heaping full of inflated cash.
Happy Autumnal Equinox
Are We Seeing the Economic Inflection Point? I missed the Summer Solstice because I was intensely focusing on my book writing last June. But as a rule I try to reflect on our situation every seasonal inflection point. This is because the seasonal changes remind me constantly of the nature of cy...
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Sep 26, 2011
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