The Oil Drum | DrumBeat: October 7, 2006

119 comments on DrumBeat: October 7, 2006

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TrueKaiser on October 7, 2006 - 9:36pm

no. it will be worse.
let me give you a example, during the great new york blizzard at bars milk was served more often then bear. not because the milk would spoil. but because it became a status symbol to those who could afford it after the price spike. people bought it simply to have a glass of it, to tell people around them that they can afford it.
this will happen with gas, the more the price rises the more people who can afford it will use it because the more it will become a status symbol.

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TrueKaiser on October 7, 2006 - 10:00pm

opps i mean beer

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odograph on October 7, 2006 - 10:42pm

Solid gold bathroom fixtures are a status symbol too ... but the desire doesn't seem to bring us down to ... a collapse in bathroom plumging(?).

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TrueKaiser on October 8, 2006 - 6:52pm

get back to me when you find out how they got that gold and to what ends one must go now to get it compared to the good old days of finding it in a river bed.

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odograph on October 8, 2006 - 7:03pm

You know I thought I might have to explain my sense of humor here too. When you gave me that milk example I thought it was funny to respond with a gold example. Tit-for-tat. Even Steven.

Of course the joke is that neither one really means anything. They are both stupid point cases in a broader (and "uncollapsed") economy.

Now I'm boggled that you want to continue down to ... river beds? You are a long way afield from the original question.

My comment:

Sure, we are unlikely to powerdown when gasoline is around two bucks a gallon. You tell me, would our commitment really be exactly the same when gasoline is ten, or twenty bucks for the same gallon?

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119 comments on DrumBeat: October 7, 2006

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“This order [i.e. capitalism] is now bound to the technical and economic conditions of machine production which today determine the lives of all the individuals who are born into this mechanism, not only those directly concerned with the economic acquisition, with irresistible force. Perhaps it will so determine them until the last ton of fossilized coal is burnt.”

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