The Los Angeles Fibershed activities are a living model
of how «
slow fashion» garment and textile production can
function hand - in - hand with global and personal health, principles
of sustainability, local
economies, and regional agriculture.
I start (and started) from the premise that the dramatic decline in crude oil prices that took place from August, 2014 ($ 96 / barrel), to March, 2015 ($ 44 / barrel), was due — on the one hand — to decreased demand, a
function of slow economic growth in Asia, Europe, and elsewhere, endogenous, price - driven technological change leading to greater fuel efficiency, and policy - driven technological change that also has been leading to greater fuel efficiency, such as more stringent Corporate Average Fuel
Economy (CAFE) standards in the United States; and — on the other hand — was due to increased supply, partly a
function of the growth
of unconventional (tight) U.S. oil production (a product
of the combination
of two technologies — horizontal drilling and hydraulic fracturing).