Monday, October 22, 2007
The Bigger Picture Is, Always Was . . . Oil
The Energy Watch Group bases its findings on audited figures for oil production and consumption rates - not on projections of possible future discoveries. Hint: there haven't been very many.Once the markets start to factor in the ramifications of our transition from the oil age (and most of the things we make require oil as a basic raw material, in one form or another) to an as yet unknown future, expect the sort of turmoil that will make 1929 (when all the resources were actually still in place, ready to be used!) seem benign. Welcome to the new paradigm. Start making your plans.