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Peak Oil - Peak Economics

Article from Energybulletin (now resilience.org) discussing the economic

implications of Peak Oil which will undoubtedly be profound.

 

    "In the last issue of New Solutions, we proposed that in addition to Peak Oil, we are at a time of Peak

    Technology as there are no new technologies which can replace fossil fuels. In this issue, we examine

    the impact of Peak Oil on the world economic structure, one built on the confidence in ever-expanding

    markets fueled by technology, itself fueled by oil.

     

    Our analysis suggests that there is every reason for concern - and unless serious action is begun now,

    we may very well be headed toward another Great Depression. We are hovering on the edge of an

    unsustainable Peak Economy."

 

 

 

 

 

 

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