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What Happens Once We've Burned All the Resources?

Why we're inheriting a 'slower moving' world
Wednesday, October 3, 2012, 12:03 AM
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Executive Summary

  • Why purchasing power and quality of life will decline in OECD countries, even as economic 'growth' is maintained
  • Why 'energy mix' is as critical as 'energy supply'
  • The potential of natural gas as a "bridge" fuel
  • Why we're inheriting a "slower moving" world

If you have not yet read Part I: The War Between Credit and Resources, available free to all readers, please click here to read it first.

Low-Quality GDP

Declinists have been surprised by the ability of policy makers to slow the rate of our post-Peak-Oil financial collapse using quantitative easing. But the global economy stopped funding new industrial growth with oil starting seven years ago. Accordingly, the transition to coal as the source to fund growth was well underway before the financial crisis began.

And it remains vexing, to be sure, to understand how the world economy has been able to move forward – at least a little – in the post-2008 environment.

Nevertheless, we now have those answers and no longer need to forecast an imminent black swan or tail event...

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