Monday, July 03, 2006

Downhill From Here

Yesterday, Stuart Staniford at The Oil Drum updated his moving-average graph of world oil production which is an excellent visualization of the cliff off of which our drunken civilization is driving:

Irreversible, significant, and compounding decreases in oil production are imminent. Price will rise dramatically, and recession and "The Greater Depression" will be harbingers of the end of this civilization. But don't worry - the next one will be much better. We'll laugh about those things we used to call "cars" around the campfire next year.

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