Monday, August 22, 2005

Jim, you sound worried . . .

James Kunstler, in discussing the media's reporting that the price of oil really doesn't matter any more:
NPR's Marketplace show and a separate wire story piece on the web offered similar headlines (or lead-ins) which said (again I paraphrase) "US Economy No Longer Affected By Oil Prices." Of course, this is exactly the kind of magical thinking you'd expect to see in a public on extended leave from reality, despite the ubiquity of "reality television." The accepted idea is that since America outsourced most of its heavy industry to China and elsewhere, we now have an economy that runs just fine on Tic-tacs and Diet Pepsi, and oil is not in the picture anymore.

Wrong. America consumes one-quarter of the world's daily production of 84 million barrels of oil. More than half of our share is burned in cars and trucks. In fact, our economy now amounts to little more than running 200 million motor vehicles around the suburban metroplexes in the service of ever more slapped-together McHousing developments, big box stores, and fried chicken huts. That's our economy. That's all we do anymore.
You can read his whole post, which Spot recommends, here.

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