Monday, May 9, 2011

How much is oil really worth? And what would be left over for other things?

RecessionImage by Anders V via FlickrGiven that we've built a society entirely dependent on cheap energy, it's important for leaders and concerned people to think about the implications of that dependence --- such as "What happens to our institutions when energy is no longer cheap" and "how much could we wind up paying for oil, and what would that do to our tax revenue, which is how we pay for public goods like schools, police, fire protection, etc."
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