<Standard Offer Contracts - the Future for Renewable Generation?The Oil DrumDrumBeat: October 19, 2006>

57 comments on DrumBeat II: October 18, 2006

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PeakOil Tarzan on October 19, 2006 - 9:18am Permalink | Subthread | Parent | Comments top
Frum repeated the same statistic in a give-and-take with Robert Reich on NPR yesterday evening.  That refers to 4.5% of GDP, not Federal spending.
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PeakOil Tarzan on October 19, 2006 - 9:24am Permalink | Subthread | Parent | Comments top
Frum's argument was -- and I'm paraphrasing -- that 4.5% of our national income is a small price to pay for economic and political stability. He's right, of course. The biggest threat to the Western Military/Industrial machine is a scarcity of resources.
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