Alt energy can't do it. The tech stock and housing bubbles reached or potentially reached into every household in America. Ethanol production is fairly tightly held. Of all the biodiesel production capacity out there now only about a third is running due to poor feedstock/output economics. Plus, it'll take 5 years to get to 1 mil bls / day on ethanol and biodiesel combined. No pervasive bubble on either of those fronts. Relative to oil, its not even a trickle. Relative to the downside of the housing/Keynesian funnymoney bubbles its miniscule.

I guess one could argue the ag commodity prices could be on bubble mode but in a peak oil environment I dont think that was fiscally contrived. Its more substance than bubble. Higher oil and food prices are here to stay. Just because something gets bid up doesnt make it a bubble. Oil isn't.

Quote:
Are we better society today because of Keynesian?


As the opening article aptly portrays, in the past we lived better. In the future, we won't. We are already irresponsibly draining our cheap energy legacy to the detrement of future generations. This Keynesian good living boom/bust will just aggrevate the downside. We are like double screwing future generations. We used all your cheap oil and busted your financial game too. We created lots of funny money and wealth and left you will the resultant debt. Thanks!

"Behind us lay the whole of America and everything I had previously known about life... We had finally found a magic land at the end of the road and we never had dreamed the extent of the magic." -Jack Kerouac
Our pending energy supply contraction= no economic growth= insufficient debt service= chaos + oilwars.