6/3/09

If there’s only so much oiland unlimited currency production capacitycould energy demand exceeding supplyignite inflation?

oil

Could economic recovery


be limited to available and/or affordable energy supplies?





 


 


Fossil fuels resemble capital in the bank


  


A prudent and responsible parent


will use his capital sparingly


in order to pass on to his children


as much as possible of his inheritance


 


A selfish and irresponsible parent


will squander it in riotous living


and care not one whit how his offspring will fare


 


I suggest that this is a good time to think soberly


about our responsibilities to our descendants…


 those who will ring out the Fossil Fuel Age


 


Admiral Hyman Rickover


Father of the Nuclear Navy

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