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>It's not that peak oil didn't happen, or that it wasn't traumatic What trauma do you mean?
by happyscrappy 11y ago
>It's not that peak oil didn't happen, or that it wasn't traumatic
What trauma do you mean?
- T-A 11y agoSomething like this? http://twincharts.com/dow-jones-oil.html http://twincharts.com/dow-jones-oil.html I'm pretty sure at least some future economic historians will argue that what really killed the economy in 2008 was the "superspike" in energy prices.
- marcosdumay 11y agoYou may not have noticed, but about the entire world has stopped growing by now. Everything looks like growth will resume, but in a different way, and conditioned to a different social organization.
- titzer 11y agoThat's not because of high oil prices, it's because of financial chaos and general market turmoil. The oil boom across the Dakotas collapsed, but not because of lack of oil....?