PEAK OIL - EPOCHAL EVENT OF OUR LIVES

[sumisu]

Low Oil Prices: An Indication of Major Problems Ahead?

Posted on November 28, 2018

by Gail Tverberg

"In recent years, we have heard a great deal about the possibility of Peak Oil, including high oil prices. If the issue we are facing is really prices that are too low for producers, then there seems to be the possibility of a different limits issue, called Collapse. Many early economies seem to have collapsed as they reached resource limits. Collapse seems to be characterized by growing wealth disparity, inadequate wages for non-elite workers, failing governments, debt defaults, resource wars, and epidemics. Eventually, population associated with collapsed economies may fall very low or completely disappear. As Collapse approaches, commodity prices seem to be low, rather than high."

https://ourfiniteworld.com/2018/11/28/low-oil-prices-an-indication-of-major-problems-ahead/?fbclid=IwAR0o5cGKsyjQ8zFjlKwZ7auzwVxKZMHV4Nu-C2q_Vjf2dvQ34SwKm4g2R3E