Staniford – a goodie

Stuart Staniford is no mug. Here’s a beauty:

http://www.energybulletin.net/stories/2011-04-29/chinese-inflation-and-next-recession-musings

a snippet:

We are in an era where the availability of natural resources is not sufficient to support the wealth levels that the developed world has grown accustomed to, along with the speed of growth with which the developing world is trying to approach those same levels.  So, this is represented by oil prices rising (along with food and other commodity prices more generally).  But the effect of this is not to place a uniform drag on growth, because the global mind has not accepted this truth yet.  Instead, the global economy keeps trying to grow in a way that is inconsistent with the resource constraints, and then some part of the system tears and gives way.

Well worth the perusal.