One thing I'm certain of is that the more I know, the more I realize I don't know that much. That's the irony of knowledge. It's like, as you open one door of knowledge, there are ten more to explore. And to be honest, I love that about life; I love learning more and more about our ever-changing reality. But sometimes, it can be frustrating. Having ideas you're grown accustomed to believing in challenged by new information can be quite unsettling.
And that's what I've been dealing with recently. Let me explain:
I've been a big believer in free markets and capitalism. After all, as the story goes, their combined power have brought prosperity to more people than any other economic model. Actually, they've enabled a population explosion since the industrial revolution that is unprecedented in the history of mankind. Check it out:
But don't take my words wrong. I still think free markets, capitalism and liberty are the only route, though to call today's economic system a "free market" would be a stretch (fascism is more accurate). However, what I've learned recently about our finite planet has been startling.
Like me, you've undoubtedly heard of the theory of Peak Oil: "a point in time when the maximum rate of global petroleum extraction is reached, after which the rate of production enters terminal decline."
Some people rival this theory by saying that people have been predicting the end of oil for decades. And it's true. Even back in the early 1900s, some people predicted the end of oil, and those people have never quieted. Every decade since those early years of oil production, people have predicted the end of oil. It makes sense: we live on a finite planet so it factually has finite resources, oil included.
But are these oil alarmists just the proverbial "boy who cried wolf"? Or are today's Peak Oil theorists different?
I believe they're different.
I believe they're right.
Just using common sense, let's think about this...
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