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Ford of Europe chief executive Stephen Odell

There will be jobs for engineers somewhere, cars without internal combustion engines won't develop themselves. The question is who has the money to do this, and who will go bust failing to do it. To avoid the risk the lobbyist movement will be put into overdrive to prevent this. In the long run this leaves us with an eventual "car crash" from resource depletion. Oil is going to become unaffordable as fuel eventually, we either prepare for the future or we pretend there isn't a problem. Well the last problem we tried to pretend away with bogus fundamentals was runaway debt and spiraling house prices, and that ones still playing out.

12 Nov 2011

4:19 pm