[ExI] How Electricity Became a Luxury Good

[Mirco Romanato]

Il 11/09/2013 18:06, Alfio Puglisi ha scritto:
> On Wed, Sep 11, 2013 at 12:00 AM, Kelly Anderson <kellycoinguy at gmail.com
> <mailto:kellycoinguy at gmail.com>> wrote:
> 
> 
> 
>     The North Dakota story is illustrative of what I think will happen
>     in the future with other sources of energy. 
>     1) It wasn't tapped until improvements in technology (methods of
>     fracking) made it economical.
> 
> 
> Shouldn't that be "until the price of oil rose enough to make it
> economical" ?  The main change in today's world is that oil is 5x-10x
> more expensive than before.

Not in term of gold.

http://www.macrotrends.net/1380/gold-to-oil-ratio-historical-chart

But I suppose you are talking about prices set in toilet paper with
(usually dead) politicians printed on.

Mirco