maybe he's not
maybe he's not
Out of context: Reply #9
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oil is a fungible commodity. It's importance lies in its exchange value as well as it's use value. It is called commidity fetishism. We will continue to drill for oil and go to wars over it, as long as it stays valuable as a standardised exchange value commodity. This situation will not change just because we find alternative fuels.
It's like gold. Oil is a standard that currencies, exchange rate mechanisms, stocks, bonds, etc.. are all attached to.
Welcome to Capitalism comrade.