Re: Time of Oil (Hubbert's peak)

[Doug Henwood <dhenwood@xxxxxxxxx>]

Yoshie Furuhashi wrote:

> > At 4:41 PM -0400 6/2/04, Doug Henwood wrote:
> > > So do you think we'll "run out" of oil - in the economic, not
> > > physical sense - before we choke on the smoke and CO2?
> >
> > "Before" is a time-related concept, no?
> >
> > Doug
>
> Yeah, but saying "before we choke on the smoke and CO2" and saying
> "before we exhaust all known oil reserves" both have the same
> End-Time status in discussion of time -- which is to say, irrelevant.
>
> Marx and Keynes' innovations concern the introduction of secular time
> -- time of production, time of circulation, time of consumption, and
> perilous dependence of each on the others -- to political economy.
> -

Gosh, I didn't know that. Thanks!

What do you suppose "in the economic, not physical sense" means?

Doug