This is one of those inconvenient truths.
http://www.postpeakliving.com/
What happens when world oil production peaks? Internatinal Energy Agency says NON OPEC oil will peak in two years then production will plateu and then go down. OPEC production is set to peak in 2020.
The world has been binge shopping for energy with a credit card that is about to reach its limit. This is for real and happening if you want it to or not or if you are prepared or not.
This is a little apocalyptic. Get your hand crank flashlight and radio etc. I know you heard about the total collapse of the world as we know it somewhere before, but take a look at the facts presented. He may be wrong in some of his analysis of what will happen or when, but there is no getting around the fact that oil prices are going to skyrocket soon. America with staggering national debt, decaying infrastructure and major oil dependency will be impacted and will no longer drive the world economy.
This will happen if you expect it or if you don't.
Sunday, May 2, 2010
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