[ExI] repercieve the economy [was: Engineering]

spike spike66 at att.net
Thu Dec 20 19:53:54 UTC 2012

>... On Behalf Of Adrian Tymes

On Thu, Dec 20, 2012 at 5:21 AM,  <ablainey at aol.com> wrote:
>>... I just think that in a world where energy is the number one commodity,

> we need to start using it as our global unit of currency. ...  Al

Al, energy already is the real currency.  We mask it to some extent with our
fiat currencies, but oil is real money, and the real measure of value, even
more so than gold.  Reasoning: we have an arbitrary supply of gold ore at
arbitrary quality.  It just takes energy to extract the gold.  So energy
prices drive gold prices, which indirectly define the value of fiat
currencies.  So energy is already money.

>...Unfortunately, this fails to take into account the many different kinds
of energy, transmission & transport, et cetera...

Ja, these factors complicate the picture, but I stick to my story that
energy is money.

>...  For example, a gallon of gasoline is worth far more than the
electricity used to pump it - but if there is a power failure, most gas
stations can't pump their gasoline, rendering it temporarily worthless...

In the '89 earthquake we learned that most stations have an on-site gasoline
powered generator for power outages.  That was a good thing for us: my tank
was almost empty when that hit, and I was able to fill up before the power
went back on the next morning.


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