There is so much wrong with this. > from 1880 to 1975, when energy per capita is strongly growing, the world undergoes just one major economic crisis, in 1929.

There is so much wrong with this. > from 1880 to 1975, when energy per capita is strongly growing, the world undergoes just one major economic crisis, in 1929. > since 1975, after the rate of growth dramatically decreased, there has been a crisis every 5 to 10 years: 1975, 1980, 1991, 2000, 2008, 2012, and it would be no surprise to have a new one in the coming years. These statements are just totally wrong. There were many more economic crisis between 1880 - 1975 and often those were worse then those since 1975. These statements are just 100% opposite of every history of economics I have ever seen. It seems he gets the causation totally backwards. > and recurring recessions will become something normal in our economic system Recessions are absolutely not linked to energy supply.