Mia, I expect that you have see this, but for those who haven’t, below is an excellent article on what peak oil looks like when we hit it and the consequences, see this post by Richard Heinberg:
It’s interesting to see that the reality of our economy over the last few years matches the predictions mentioned in Heinberg’s article above. That is, not an immediate crash, but an economic “bumpy” period characterised by fluctuating oil prices and unstable global economy. I wait with interest to see when the next cycle of oil price increase, followed by recession will happen.
That’s a great summary, thanks for sharing!
Mia, I expect that you have see this, but for those who haven’t, below is an excellent article on what peak oil looks like when we hit it and the consequences, see this post by Richard Heinberg:
http://www.postcarbon.org/article/80688-life-after-growth
It’s interesting to see that the reality of our economy over the last few years matches the predictions mentioned in Heinberg’s article above. That is, not an immediate crash, but an economic “bumpy” period characterised by fluctuating oil prices and unstable global economy. I wait with interest to see when the next cycle of oil price increase, followed by recession will happen.