For anyone else who hasn't put their fingers in their ears, it should be obvious that there does exist an equilibrium in bitcoin mining, centered around the 25 BTC cost per block, because if there weren't one of two things would happen:

1. Cost of production exceeds 25 BTC, all miners go out of business since their costs exceed their profits
2. Cost of production is less than 25 BTC, the block interval shrinks to 0, and bitcoin inflates wildly out of control

You might argue that difficulty adjusts to compensate, but that can only happen if there can be an equilibrium.  TPTB_need_war is confusing the fact that some miners are more profitable than others with the fact the overall the network is break even, since some miners are unprofitable.