Tuesday, February 22, 2011

It Strikes Me Funny: It’s not like we don’t know


We know - we have for quite some time - US national debt is going North.

(It will surpass $15 Trillion this year).


We know Canadian debt is going North.

(It will surpass $600 Billion this year).

We know personal debt is going North.

(Canadian per capita debt is now at $150 per $100 income for the first time).

All these things we know.

What we don’t know - this strikes me funny - is what to do about it.

We know the days of $15 oil (price per barrel), as in the early 1980s, are over.

We know oil prices have increased four-fold in the last ten years alone.


We know global oil consumption has grown steadily since 1984.

We know global oil consumption, as from 1996 - 2006, cannot be sustained.

1996 - 71,669,000 barrels, a 2.19% rise over 1995
2006 - 84,977,000 barrels, a 1.16% rise over 2005
(Source: United States Energy Information Administration)

We know the oil bubble will burst, that it may have an unstoppable leak already.

These things we know.

What we don’t know - and this also strikes me funny - is what to do about it.


I’d recommend, just off the top of my head, long distance training.

***

Please click here to read a series related to US debt.

How exciting is that!

.

No comments: