Sunday, August 14, 2011

oil shortages are coming

Hypercatastrophic is the future we see. People, oil shortages are coming. It is not a matter of if they shall occur. Quite the contrawise, it is a matter of when and I feel we will see it hit in a few years. Fact is, we hit peak oil in 2005 and since then we have seen a dramatic decrease in consumption due to unemployment that is massive. However, china will continue its enormous expansion. This means more fossil fuels are necessary. Sadly, that means we will see a dramatic increase in price. We can tap the oil shale's bounty, but that oil is expensive.

0 comments: