Re: Michael Moore and the hydrocarbon "die-off"

[Paul Cockshott <clyder@xxxxxxxxxx>]

Waistline2@xxxxxxx wrote:
>   Value and price can move in opposite directions. If it were proven
> tomorrow that the world runs out of oil in 50 years the price would fluctuate
> horribly but the value is going to continue to move - drift in the direction 
> of zero.
> Value and price can become polarized. The world trend is devaluation in the
> sphere of commodity production. Not every item everywhere at the same time, 
> but
> the trend is very clear.
This is generally the case, but there are possible exceptions in
the case of limited natural resources, where exhaustion of reserves
demands more labour be put into their production in less favourable
conditions.



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