On May 14 2012 06:22 -fj. wrote:Ok, because I thought it would be interesting, I went and ran the #s on the experiment i was talking about earlier.
set up a large-range supply and demand relationship model between cars/iphones/nice houses and the price of oil, and you will see that if you chose the number of iphones/whatever as six billion, the price of oil will raise so high that it will be impractical to extract it all, if that much oil even exists.
![[image loading]](http://i.imgur.com/WY3z5.png)
The trend for the price of a barrel of crude oil, by year, is 0.965250965x - 1870
The trend for millions of registered cars by year is 27.3x - 53859.4
One car for every 4 people means ~2 billion cars
2 billion cars in millions of cars is 2000
By intercepting the trend for cars by year, we find that we should have 2000 million cars in 2047.
So, if the population keeps constant (big if here), we will have one car for every family in 35 years.
Now intercept the price of oil trend at year 2047. Oil will cost 105.8$ per barrel adjusted for inflation.
That means we would be drilling for oil from reserves that are harder to get at then the current ones. Most of the "bad" reserves that are around now, which people are considering drilling into, are like 1.5 to 2 times as expensive to get at, or 2 to 4 times if you take the ecological devastation into account. And most alternative fuels are 5 to 10 times more expensive (inefficient) than current oil drilling.
Now, of course, I think most of us on TL don't come from one car families of 4. We probably have our own car and no family, or we have a family with several cars. 1 car per person. Let's do it. Or we could call it one flying car per family. Whatever.
8 billion cars assumes no population growth, and it is -> 8000 million cars.
We will have 8000 million cars in year 2268 at the rate things are going.
In year 2268 oil will cost 319 dollars per barrel.
That means we will have to drill for oil in even worse spots, causing even more ecological damage and requiring 3 times more work to be done. If we use alternative fuels we will have to work 15 to 30 times as hard. If alternative fuels increase in efficiency by a factor of 5, we will still have to work 3-5 times harder to sustain this. I don't know about you but I don't think any mechanization can increase our productivity by 3-5 times what it already is. Plus, where are you getting the energy to do that if you are already spending it on making everybody wealthy?
So even though this is a rough estimate, I hope it demonstrates the principles of the limits to how wealthy humans can be, as imposed by our natural resources.
CAVEATS:
yeah i know that for this to be a legit analysis, it would need more metrics, it would need more data, and it would need the data to span the same time scale, but I just wanted to make a point, which is that as the amount of wealth increases, the difficulty getting more also increases. What the weed-smoking ron paul officianados who created this video don't understand is that the resources of the earth are limited and we are already pushing them farther than we should with how much wealth we have now.
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