163 comments on Updated World Oil Forecasts, including Saudi Arabia
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Pre-1925 we dug coal out by hand and hauled it to the surface with ponies.
Pre-1925, we picked cotton by hand.
Pre-1925, most families used kerosene light.
Pre-1925, most families did not have a radio or a car.
Pre-1925, per capita oil production was almost an order of magnitude less than today (even though we exported oil then and import it now).
We did *NOT have the same resource base in 1925, we had (effectively) *FAR* fewer resources per capita then than now.
I do not think you have any real comprehension of pre-1925 America.
Alan
What this? Is Alan becoming a realist?
In the 1920's 40% of the US population lived in poverty. And I mean poverty. By today's standard those that live in poverty lived similar lifestyles of the 1920's era middle class. Few people has access to basics that we take for granted (ie clean water, fresh foods, health-care, etc).
In the 1920's the unemployement rate ranged from the 25% to 35%. Just imagine today if 25% to 30% of the workforce was unemployment. Most People also worked much longer days (about 10 hours day + 5 hours on Saturdays), and they were happy to have a job. The work was far more grueling and the working conditions where dangerous (no worker safety regulations).