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258 comments on The Slavery of Oil

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tonyw on May 14, 2009 - 5:37am Permalink | Subthread | Parent | Comments top

Good article, thanks Francois.
I remember reading a study (by Soc Gen?) that showed oil prices would have to rise to around USD 180/barrel to match the same share of GDP as in the previous oil shock and may have posted this on TOD.
Also I seem to remember that Euan has shown a much higher percentage was spent on energy in the past.

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PeakPlus on May 14, 2009 - 7:50am Permalink | Subthread | Parent | Comments top

Growing up on the edge of the Appalation coal mines in SE Ohio, we knew the song "Sixteen Tons" http://en.wikipedia.org/wiki/Sixteen_Tons
all too well. Especially the phrase "I owe my soul to the company store" was used in daily speech. I was educated on the system before I was 10..

"You load sixteen tons, and what do you get?
Another day older and deeper in debt.
Saint Peter, don't you call me, 'cause I can't go;
I owe my soul to the company store..."

Cheers from Munich,
Dom

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Fractional_Flow on May 14, 2009 - 1:59pm Permalink | Subthread | Parent | Comments top

Ever read the treatise below

http://www.ohgen.net/ohathens/coal.htm

Quite interesting 1980 analysis of the Hocking County Coal fields.

Nelsonville native here.

FF

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PeakPlus on May 14, 2009 - 5:17pm Permalink | Subthread | Parent | Comments top

Well God bless you 'Flow! Grew up 20 Miles upstream on Rush Creek, the "bigger" branch of the Hockhocking River, near Bremen, Ohio. South of Logan (where we did our Christmas shopping) was noman's land for all my doings. Pappy worked at South Central Supply for a (short?) while. I'll be at the homestead from 27th of May to 9th of June.

If you want to reminis, send me a note..

Cheers, Dom

ps Great article. Gives a good sense of what was going on while the mines were producing. My sister (Lives near New Lexington) says the trains are trucking out the coal once again. !!

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258 comments on The Slavery of Oil

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