Thursday, October 16, 2008

Vanity Fair Acknowledges Peak Oil and Mr Kunstler - isn't it time you did?

Abandon hope, all ye who enter this article.

The author has lived through a lot of hair-raising times—nuclear standoffs, assassinations, 9/11, financial meltdown—but now he’s sure the world is going to hell in a handbasket. And, God knows, the media are only making it worse.
by James Wolcott

It was the “Peak Oil” theorists who warned of spiking oil prices and strains on the refinery system, only to be dismissed as amateur nerds and tinfoil-hat chiliasts—until $4-a-gallon gas and winter heating bills brought the new reality home. It was James Howard Kunstler, the author of The End of Suburbia and The Long Emergency, who warned with scourging wit and rococo imagery in his weekly online column that high gas prices, suburban sprawl, decaying infrastructure, the machinations of hedge-fund greedheads, and Wall Street necromancy were converging into a Hurricane Katrina–size “clusterfuck” that would deform the social and political landscape.
clipped from www.vanityfair.com
Illustration by Barry Blitt
Illustration by Barry Blitt
Illustration by Barry Blitt
Illustration by Barry Blitt
It was James Howard Kunstler, the author of The End of Suburbia and The Long Emergency, who warned with scourging wit and rococo imagery in his weekly online column that high gas prices, suburban sprawl, decaying infrastructure, the machinations of hedge-fund greedheads, and Wall Street necromancy were converging into a Hurricane Katrina–size “clusterfuck” that would deform the social and political landscape.

In his August 25 column, Kunstler wrote, “I’m rather convinced that the carnage on the money scene will be so extreme this fall that the nation will seem to have been transformed from a superpower to a basketcase before November 4th, and that the blame for this state of affairs will be blindingly obvious: the people in charge for the past eight years looted the treasury, destroyed the currency, and left the machinery of capital a smoking wreckage.”

Within a month, the carnage Kunstler envisioned not only got worse but gained velocity...

NVDL: That momentum is continuing and in fact, picking up pace.
blog it

No comments: