Very good point you bring up ... the Worldwide crisis. What most people don't seem to understand that it's a direct consequence to fossil fuel scarcity, and the simple fact that Oil, our primary source of energy, now costs five times as much it always has. Consider the Export Land Model (ELM) - a mathematical construct based on total exports available to importers. There are currently about 157 oil importing nations - including China and India (referred to as Chindia) who are trending upwards in total imports against what is a declining net exports available. (Why this drops is manyfold, factors include depletion, and the windfall effect (oil producers use increasing amounts of their own to fund/power their growing infrastructure/needs)). So, two lines are drawn and have been since 2005 - one going up, the other going down - and guess when they cross, meaning that Chindia will (if allowed to) consume ALL the available exports - leaving NONE for the other 155 importers including the US. Believe it or not, that crossover point is 13 years from now!
Remember, Oil is a fungible commodity - it always goes to the highest bidder once on the market. And guess who's going to bid the most? Not you and I buying Apple computers and hopping into our 3-ton SUVs to Walmart to buy a plastic pumpkin! It's going to be the billions of Chindians pooling together their resources to cover their cooking needs, their emergency transportation needs, and so on. We are in the US, remember, just five percent of the world's population - there's that whole other 95% out there - we will become irrelevant in the years to come.
No matter what you hear, the ELM constitutes the most important thing to consider in the world - and think about it - ten years from now we'll all be out of a job - we'll not be cruising the highways like today - many will begin to starve rich and poor alike. And please, oh please, don't start pointing at North Dakota ... the oil found there is merely a substitute of what was once the Prudhoe Basin's oil - and it's soon to bust - they're already in a "scam the public" mode as they play the stock market to keep themselves afloat. (Research Chesapeake, and how they're bungling to the tune of billions!)
Granted, we do produce 8 million barrels per day of oil, but we also import nine and export one of those as refined products - in other words, we burn through 16 million barrels of oil per day, 5,840,000,000 barrels per year - year after year ... until we can't and that day is just around the corner.
Think about it. Don't start laughing and saying what the **** is this guy talking about - I'm telling it like it is. Simple facts of life!!
