[Peakoil] Fwd: [Peakoil-announce] ACT Light Rail Announcements

[Keith Thomas]

Here's a quotation I came across this morning on a blog I follow for US  
economic news. It explains the "8 years too late" and the "leisurely  
four or five years" I referred to on Saturday:

" I’ll leave you with some good strong quotes from Ned Hill,
an economist in Cleveland I must admit I never heard of
before, who addresses the car industry trouble, but who
might as well have been talking about the demise of
America as an empire:

• "If you go back to 1980 to 1982, with the upheavals in
the steel, rubber, glass and auto industries, that really was
the end of an economic era that started in the 1890s.
This is the last movement in the symphony." [...]

• "It takes almost 20 years to rebuild your economy, and
usually you waste five to six years because of denial."

The source, for any who are interested, is:

http://theautomaticearth.blogspot.com/2009/04/april-11-2009-last- 
movement-in-symphony.html

and the words quoted above are about 4 screens down.
--------------------------------------------
Keith Thomas
www.evfit.com
--------------------------------------------

Begin forwarded message:

From: Keith Thomas <keith at evfit.com>
Date: 11 April 2009 11:24:34 AM GMT+10:00
To: 'Peakoil Discussion' <peakoil at act-peakoil.org>
Cc: Alex P <alex-po at trevbus.org>
Subject: Re: [Peakoil-announce] ACT Light Rail Announcements

Alex

We are about 8 years too late to begin in, say, a leisurely four or  
five years hence, constructing light rail in Canberra.

If you look at the global oil situation - as in this article translated  
from the German for The Energy Bulletin - we have about 18 months (at  
the most) to prepare.
=================
The IEA warns of shortages - "The next oil crisis is coming"
  by Michael Kläsgen
http://www.energybulletin.net/node/48582

A shortage of oil could trigger another global recession around 2013 –  
says the IEA. By 2010 the price will reach new highs.

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