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|User Info||An Extremely Frightening Chart; entered at 2012-06-12 10:39:39|
Registered: 2008-08-26 Austin, Tx
That access to energy is based on credit
I imagine you could write a whole book based on that statement right there.
How accurate are the quick assumptions proposed in the definitions of those baselines though? The lower trend would fall as well if/when deflation occurs. These folks were crying that supply was a constraining problem back around 2003-2008, which isn't so true any more.
I think you could look at the relative cost of energy in countries without the overuse of credit to find an analogous example for what we might be looking at. Cuba might be a pretty good example. Or Burma.