Breakfastburrito, that was an excellent video. Summed up all the important points quite well. Our political leaders do not tell it this way, as it is not to their advantage. Nevermind it will "all out" soon.
Basically cheap (easy to obtain) oil has gone. Prices will rise (for most of us) as a result, quite quickly too. Difficult days ahead for all. Especially for the aviation industry which was built, and depends upon, cheap oil.
Not too sure about carbon tax, though I understand the implications. Will China & India "play by the rules" - I think not. We will see (and pay !!).
My main concern is, given the facts in the video, how our leaders, elite, bankers, China, India, etc, etc will play the situation to their own advantage, (as usual).
Lid