[ExI] How Electricity Became a Luxury Good

[Alfio Puglisi]

On Wed, Sep 11, 2013 at 8:00 PM, Mirco Romanato <painlord2k at libero.it>wrote:

> 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


No, it's in terms of the average worker's salary. Or maybe you are paid in
fixed-weight gold for your work?

Alfio
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