Along the same lines of gloom. Sorry if somebody already posted this since it's from Jan 30. I'm reading it today.
It is becoming clear that we are in far more trouble than we are being told. In recent months, all forms of traditional energy have become significantly more expensive, and this is fueling price increases
theeconomiccollapseblog.com
It is becoming clear that we are in far more trouble than we are being told. In recent months, all forms of traditional energy have become significantly more expensive, and this is fueling price increases all over the planet. This new global energy crisis is directly responsible
for the astounding rise in fertilizer prices, it has resulted in a tremendous amount of pain at the pump for millions of average Americans, and since virtually everything that we buy has to be transported it is a major contributing factor to the “inflation boom” that we are currently witnessing.
Unfortunately, this is just the beginning.
I was recently contacted by a geologist that worked in the oil industry for more than a decade."
The geologist writes:
"As you keep pointing out, add wars or natural disasters to this and we are in really big trouble. Oil is the number one resource upon which the entire global economy is built. High oil prices lead directly to bread riots and collapse of governments (think the Arab Spring).
Politicians need cheap oil but we won’t be seeing it again. Some people in the industry keep thinking new technology will save us and help us develop new oil plays. They couldn’t be more wrong. The technology for frac’ing was first developed in the 60’s.
I can tell you that there is no new technology being developed right now in the oil industry that will save us. Physics and geology are against us on this one, even if we could develop some technology. Wind & solar won’t save us either, it would require a larger investment of materials and energy than we have.
There is no way we are getting out of this."