Wednesday, October 3, 2007

The Peakist long term view of the situation

Economic Impact of Peak Oil Part 3: What's Ahead?

Link to part 1, which describes about our current economy, part 2 then explains the situation we are in, like debt. Part 3, this one discusses what this means for a post peak oil world. "If a scenario such as we are discussing happens in the next few years, spending time and money on attempts to extend our current lifestyle would be counterproductive. The decline would be so significant that we would not be able to maintain our new technologies in the years ahead" "Hopefully, a scenario such as what I have described will never happen. Thinking about it, and why it might or might not happen, can perhaps give us better insight as to how we should prepare for the years ahead." I certainly wouldn't rely on BTL for a solution!!

Posted by planning4acrash @ 12:04 AM (584 views)
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One thought on “The Peakist long term view of the situation

  • A late post on Oil Drum says…

    So who gets hurt more by the depreciation of the dollar versus the Euro, Americans or Europeans? Nixon’s treasury Secretary John Connelly said about the dollar prior to Bretton Woods, “It’s our currency, but it’s your problem”.

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