CarbAppreciator
Member
I agree with your assessment that energy prices are critical to economic growth, but I do not at all agree that the US is running out of oil, or energy in general. In fact the US is soon poised to officially become the worlds leading energy producer, and that's before the ANWR fields have begun to be drilled, not to mention other reserves that are currently cordoned off. Also, it seems we are on the cusp of moving towards more sustainable energy solutions any way.Revolution absent energy consumption growth and productivity growth just results in slave labor GULAGs. There's no political solution at all. The social and political problems are to do with energy, same as with an organism. Britain ran out of anthracite coal in the late 20s, with predictable consequences. America peaked out on cheap, abundant low sulfur oil in 1969. The Soviet Union did a little later. America was shrewder about orchestrating global shenanigans to keep the energy flowing homeward.
I fear our American future almost inevitably looks like 90s Russia. Nobody has done anything serious about the energy problem. We are out of coal and oil. The time to establish space based solar and thorium reactors was ten years ago.