As the recent turmoil across the Arab world has driven oil prices skyward, I’ve had some thoughts about what this means for civilization going forward. Could our civilization truly function without oil? Are alternatives, such as solar and wind, truly “free” forms of energy?
I believe it will take time for us to shift from oil to alternative sources, and while I do believe that solar and perhaps fusion (in a very long time) are the ways of the future, it’s going to take a while to get there. I also think that every energy source has costs and that renewable energy sources are not really free. One must also consider the opportunity costs as well as energy return on energy invested — something that I believe corn ethanol failed miserably at, besides increasing food prices for the poor.
What are your thoughts on the future of energy and of our dependence on oil?
Contests and giveaways
Budgeting in the Fun Stuff is holding her first blogversary giveaway, with over $600 in prizes!
Control Your Cash is also holding a big giveaway with lots of great prizes at their recently redesigned site; the new site also looks really great!
Yakezie Writing Contest
There are a lot of great submissions over at the Yakezie writing contest site; here is one in particular that I’d like to share with you: War Torn, which is about the author’s experiences growing up in Serbia.
On the topic of oil, my friend Mich over at BTI always has interesting insights: Investing in Oil: My Bias for Canadian Oil Producers.
- Welcome MSN Readers – Best of First Gen (First Gen American)
- Are the High Oil Prices Sustainable? (Invest in the Markets)
- Capitalism, Happiness, and Beauty (Mises Canada)
- Skyscraper Scale Econ (Overcoming Bias)
- The Growing Income Gap Between The Rich And The Poor (Buy Like Buffett)
- The Dollar, and The Next Ten Days (Gonzalo Lira)
- The Poverty Cure (The Biz of Life)
- What Economics Is Not (Mises Canada)
- Improving the World Through Competitive Government (Let A Thousand Nations Bloom)
- Seasteading: Striking at the Root of Bad Government (Freeman)
- Interview With A Vampire… I mean RESPA Writer (The Biz of Life)
- An Energy Pick By Portfolio Manager Daniel Cheng of Matco Financial Energy Fund (Investing Thesis)
- How to Rebalance a Portfolio (DIY Investor)
- Indexers are Human Too (DIY Investor)
- The Grouch Potato Balanced Portfolio (The Biz of Life)
- What’s Better Than Learning From Your Investment Mistakes? (Andrew Hallam)
- Financial Windfall: What a Week! (Squirrelers)
- Human Nature and the “Perfect” Society (Mises Daily)
- Inside a Millionaire’s Mind (krantcents)
- Invest in Yourself: Wealth vs. “Small Means” (MomVesting)
- My Most Interesting Job – Candy Factory Worker (Everyday Tips and Thoughts)
- Primo Property Pets Help Sell Homes (Savvy Saving Bytes)
- Rethinking “Teach a Man to Fish” (MoneyMamba)
- The Regulars VS The New Year Crowd (retireby40.org)
- To Hell With Farming (Daily Capitalist)
- What Do You Do? (21st Century Human)
- Would you sleep in your office…. (My Financial Trek)
- BAD MIX! FRIENDS & MONEY (Finance Fox)
- Random Thoughts on Money (101 Centavos)
- Buffett Speaks (Dr. Dean)
- Get Out of Debt, Stay on Track (Life and my Finances)
- How Not To Retire By 40 Part I: Things That Undo Us (Aloysa’s Kitchen Sink)
- The Most Important Financial Goal You Could Ever Have? (The Wise Buck)
- WHY YOU MUST START SAVING NOW! (Barbara Friedberg Personal Finance)
- Using Credit Card Points Toward RRSPs Revisited (In Search of Salt)
- Inside Job (Dividend Ninja)
Thank you (as always) for all of the great comments and feedback; I appreciate it and hope you all have a great weekend! 🙂