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Why The Coming Oil Crunch Will Shock The World

And why we need a new energy strategy -- fast
Friday, July 6, 2018, 7:42 PM

A responsible global society should have a credible and very publicly-stated energy strategy providing a road map for weaning itself from fossil fuels before they become prohibitively expensive/scarce.

But since we don't have one, the alternative path we're taking is to sleepwalk into the future with no plan for feeding 9 billion people or re-building a crumbled global infrastructure -- let alone facing the additional challenges of running out of critical minerals, dealing with destroyed ecosystems, and being unable to field the necessary fuel and economic complexity to install a brand-new energy infrastructure measuring in the hundreds of quadrillions of BTUs.

This business-as-usual path will be marked by the three D’s: despair, demoralization, and death. » Read more