Saturday, May 8, 2004

John Quiggin over at Crooked Timber and Paul Krugman over at his little rag have spooky pieces about oil right now. Key points of interest include: will oil prices stay high forever? Are we running out of oil? Where can Giblets get his hands on some oil if he really has a major oil jonze goin'? Does oil come from dinosaurs? No really, doesn't it come from dinosaurs? Oh. Now Giblets feels bad about sticking all his dinosaur friends in tar pits all those years ago.

Krugman talks a lot about the oil squeeze and about China eating up more of the world supply of a limited resource, but what of Giblets, Krugman? Where does Giblets go for sweet, sweet crude? There is the pool, yes, but that is just for casual swimming and bathing. Giblets has a couple dozen kegs on tap but those are for special occasions, and on a regular basis I have thirty or so internal combustion engines running in my home (Giblets finds the incessant roar of their engines and belching of their smog comforting) and they are getting hungry, Krugman. So hungry!

Quiggin says "low-cost substitutes" will "become attractive." Krugman says we will all have to "adapt." Giblets does not adapt to the world! The world adapts to Giblets! What am I going to do, get "fuel cells"? Hydrogen economies are for pussies! Giblets demands a monopoly on an exhaustible resource! Giblets demands a monopoly on an exhaustible resource NOOOOW!
posted by Giblets at 11:24 PM




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