Two words: Peak Oil. What do Dick Cheney, Michael Moore, George W. Bush, the vice-president of the Iranian National Oil Company, energy investment banker Matthew Simmons, one of George W. Bushâ€™s energy advisors, and many others agree about?
We’re past Peak Oil. Starting in the next few years oil prices will skyrocket and a lot of things which depend on cheap oil (like the U.S. economy) are going to break irrevocably.
With regards to oil, we’re a lot like a lottery winner who didn’t invest a dime, and is just burning through his cash, buying more and more, and then it starts to get scarce, and he just tries not to think about it… Until it all falls down. If he’d invested in something outside of his lottery stash, he could have been set up for life, but it was easier to just spend the ready cash. (I speak as someone who would unfortunately probably behave this way if he won the lottery.)
What if the fall of civilization that the older ones among us expected to happen because of nuclear war happened anyway cause we didn’t plan for what happened when the oil was gone?
I’ll tell you, I’d sure suck at eking out a living in a desperately impoverished post-industrial Dark Age.