that which can't continue, won't. kunstler provides examples and shows the direction in which we are headed, in case you didn't already know the answer. more at the link as usual;
And so the sun seems to stand still this last day before the
resumption of business-as-usual, and whatever remains of labor in this
sclerotic republic takes its ease in the ominous late summer heat, and
the people across this land marinate in anxious uncertainty. What can be
done?
Some kind of epic national restructuring is in the works. It will
either happen consciously and deliberately or it will be forced on us by
circumstance. One side wants to magically reenact the 1950s; the other
wants a Gnostic transhuman utopia. Neither of these is a plausible
outcome. Most of the arguments ranging around them are what Jordan
Peterson calls “pseudo issues.” Let’s try to take stock of what the real
issues might be.
Energy: The shale oil “miracle” was a stunt enabled by supernaturally low interest rates, i.e. Federal Reserve policy. Even The New York Times said so yesterday (The Next Financial Crisis Lurks Underground).
For all that, the shale oil producers still couldn’t make money at it.
If interest rates go up, the industry will choke on the debt it has
already accumulated and lose access to new loans. If the Fed reverses
its current course —say, to rescue the stock and bond markets — then the
shale oil industry has perhaps three more years before it collapses on a
geological basis, maybe less. After that, we’re out of tricks. It will
affect everything.
The perceived solution is to run all our stuff on electricity, with
the electricity produced by other means than fossil fuels, so-called alt
energy. This will only happen on the most limited basis and perhaps not
at all. (And it is apart from the question of the decrepit electric
grid itself.) What’s required is a political conversation about how we
inhabit the landscape, how we do business, and what kind of business we
do. The prospect of dismantling suburbia — or at least moving out of it —
is evidently unthinkable. But it’s going to happen whether we make
plans and policies, or we’re dragged kicking and screaming away from it.
http://kunstler.com/clusterfuck-nation/the-uncomfortable-hiatus/
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