| mai said:
Those "saves from stagnation" were one-offs; there will be no more supergiant energy finds, nor any equivalents of the Internet expansion cycle.
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Erm Fracking anybody? There's a reason why gas prices are plummeting, and should this continue/remain at current prices for a couple of years, that's an instant boom to the world economy as costs have similarily plummeted for everybody, coupled with Europe's push for 'clean' energy reducing the need for oil and gas, things are looking really good on the energy front for everybody.
The next boom will come when the new wave of nuclear happens (sadly most likely spearheaded by China) and energy costs effective become construction + decomission cost/time frame of plant with fuel being almost free, and maintenance + wages being the only yearly cost.
Ultimately things look shit for both the EU and America as the rest of the world want to fuck the dollar off and half the EU is being oppressed by a courency far far too expensive for their economies, whilst the other half have to prop up these countries, as the european elite are so obsessed at making USE work.
