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Thread: Wake Up Time
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Old 23rd Sep 2011, 20:49
  #3 (permalink)  
flying lid
Join Date: Aug 2009
Location: England
Posts: 98
Before, during and after WW2 the world had an ever increasing supply of cheap, easilly transportable liquid energy - OIL.

Still alot left, but at over $100 / barrel, it's expensive, and the demand for it is insatiable, especially India / China. We are at peak oil (or even past it) - oil supply is downhill from here.

No cheap energy, little or no economic growth.

Energy is THE problem - or the lack of CHEAP liquid energy, to be honest.

I agree the system may fail catastrophically soon. Globalisation is failing fast. "Interesting" times ahead, world-wide.

flying lid is offline