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No More Cheap Energy -- Eating the Seed Corn
firedoglake.com — Ian Welsh: "Oil is a dragon’s hoard of gold. Almost literally, it is the decayed remnants of beasts long dead – the gooey remains of life and it is incredibly valuable stuff. We have used that hoard to give ourselves lifestyles that would be the envy of the Kings of old – but like any found wealth we have been spending our way through it."
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