[Peakoil-website-changes] [DokuWiki] page changed: senate_oil_inquiry_submission

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Date        : 2006/02/24 14:46
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Old Revision: http://act-peakoil.org/dokuwiki/doku.php?id=senate_oil_inquiry_submission&rev=1140752505
New Revision: http://act-peakoil.org/dokuwiki/doku.php?id=senate_oil_inquiry_submission
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@@ -205,9 +205,9 @@
  
  For a discussion of the monetary system see (Heinberg, 2003). M. King Hubbert, originator of the “Hubbert Peak” pointed out the incompatibility between ecological systems based on matter and energy, which are effectively finite, and the monetary system based on interest, which are infinite and therefore not adapted to the former (http://en.wikipedia.org/wiki/The_Party's_Over:_Oil,_War,_and_the_Fate_of_Industrial_Societies#Ch._3:_Lights_Out:_Approaching_the_Historic_Interval.E2.80.99s_End)
  
  The committee is likely to receive submissions on proposals to shift to currencies backed by energy production. These, along with energy quota systems, should be given analysis and consideration. 
- (http://www.energybulletin.net/12226.html)
+ (http://www.energybulletin.net/12504.html)
  
  **Recommendation: the inquiry examine the role of the monetary system in promoting excessive resource consumption, as opposed to technological and societal improvements.**
  
  ==== Geopolitical implications ====



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