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livingontheland - Re: [Livingontheland] Reason for high gas prices

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Chronological Thread  
  • From: "E. E. Mitchamore Jr" <emitch@att.net>
  • To: "Healthy soil and sustainable growing" <livingontheland@lists.ibiblio.org>
  • Subject: Re: [Livingontheland] Reason for high gas prices
  • Date: Wed, 2 Jul 2008 06:27:37 -0500

You did a very good job of summarizing the forces at work.  We should acknowledge, however, that rising demand and speculation are exacerbating the problem of limited supply.  People who do have money are looking for places of real value to put it before its value declines more.  For example, at the moment, I'm working to trade my 401k for a more secure irrigation system.
 
E. E. "Mitch" Mitchamore
www.hillcountrynatives.biz
----- Original Message -----
Sent: Tuesday, July 01, 2008 10:00 PM
Subject: Re: [Livingontheland] Reason for high gas prices

NOTE: The e-mail below was sent my ME, in response to Ken, not BY Ken!  Verizon web mail for some strange reason every once in a while does this! :-(


-Mark Nagel
Everett, WA


>From: Ken Hargesheimer <minifarms2@yahoo.com>
>Date: 2008/07/01 Tue PM 12:53:05 CDT
>To: Healthy soil and sustainable growing <livingontheland@lists.ibiblio.org>
>Subject: Re: [Livingontheland] Reason for high gas prices

>I like Jim Hightower, but in this case he's doing a big disservice in suggesting that high oil prices are all about manipulation by the big players.  Sure, the big players are going to milk things as best they can (they also got hammered on low prices in the 80s; don't recall any sympathy there), but there IS a fundamental that no one can maniuplate- Peak Oil.
>
>The "bad guys are scamming us" view distracts us away from the fact that oil production/extraction is in decline and will forevermore be that way.  It's a limited resource.
>
>The biggest reason for the big ramp up in prices (it would happen eventually anyway) is the decline of the US dollar.  And that is due to our massive debt (welfare/warfare state).
>
>Oil was never really cheap, we just put off the tab into the future and it's now catching up to us.  The illusion of cheap distracted us away from maintaining control over our local food production.  It helped push a totally unsustainable system.  Doesn't matter whether it was/is good guys or bad guys doing this, it's still a bad system.  Its externalized costs are now starting to pop out at the seams.
>
>
>-Mark Nagel
>Everett, WA
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