167 comments on The Economics of Oil, Part II: Peak Oil and the Energy Supply Curve
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167 comments on The Economics of Oil, Part II: Peak Oil and the Energy Supply Curve
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I agree that price rationing alone may not solve the issue and to think like that would be utterly foolish (reality doesn't follow an economic model, esp. such a broken one).
As for US/gasoline tax/war option, how about UK? They have high gasoline tax as the rest of the EU, but they are still with US in the oil wars.... err... I mean the great generational just war against terrorism (sic)
Well, i don´t know why UK is in the war. But i know that Sweden has a military force in northern Afghanistan supposedly for idealistic reasons helping the people of Afghanistan, when they and some other countrys in reality are lured by the US to be a part of the oil war.
EDIT: I hope Sweden as payment will get a share of the oil US is going to steal from the region.