Rob Cheng’s Blog

Introduction
Check out this article, The Long Emergency. The article focuses on one basic fact - this year marks when 50% of the world’s oil reserves have been depleted. The article goes on to speculate on what our world would look like without inexepensive and plentiful oil. Have you ever thought about how fundamentally our life styles, our economy, and even the way we think, our intertwined with the basic assumption of free and inexpensive energy? It colors and touches every facet of American existence. So much so that when the world’s oil reserves are depleted, life will change so drastically, that people will reflect back on our lifestyle as a product of the Oil Age. More »

May 25th, 2005 | Category: Politics, Technology | Leave a comment

The American Economy Is Driven By Innovation

When I jump back in time to 1980, the American economy was in trouble. Interest rates were sky high approaching 20%, and inflation was a large concern. Ronald Reagan was elected to office with the promise of trickle down economics, and ‘peace through strength’. Reagan kept his promises and handed out huge tax cuts to the rich while building up the military against the Soviet Cold War threat. The end result was a sky rocketing budget deficit that at the time was unprecedented. More »

May 23rd, 2005 | Category: Politics, Religion, Technology | Leave a comment