This article is from a site called ‘Peak Oil News and Message Boards’ and is written by ‘Our Finite World’. I found it interesting as it proposes three possibilities for the future world economy and assesses the likelihood of each in terms of ‘Peak Oil’ theory. The first is business as usual i.e. continued exponential growth as per the main-steam economic model. This suggests that Peak Oil will have little or no effect. The second is basically the middle position, where politicians and statesmen manage to rein in the economy despite a massive global energy crisis. The last is the ‘Dragon Line’ scenario i.e crash or total collapse as a result of energy depletion.
From my book’s point of view, this is the most relevant though – I sincerely hope – not the necessarily most likely. Still, it is a warning all the same.
You can check it out on this link here:
Until the next post…