It is not a coincidence that just as we are hitting peak oil, world monetary systems seem to be edging toward collapse. Monetary systems are debt based, and depend on growth to continue. Resources are finite, and we are reaching limitations on them. Full Story »
Posted by Greg Boyle
The topic is timely and presents ties between the financial system and peak oil. While the search for alternative energy sources has received increasing attention, the ties shown here are a primary motivating force for the alternatives.
This opinion piece has modest journalistic merit. The author provides his speculations, but with little factual basis. The author quotes no sources to support his speculations. He is ignorant about the huge new oil discoveries off Brazil, and is unaware of the mostly untapped oil reserves in North America, which dwarf those in the Middle East. Nor is he aware of the advances (such as organic panels) in solar energy, which is becoming competitive with coal and oil. So this piece amounts to uninformed guesses by the author.
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