Peak Oil and Apocalypse Then

Based on the past experience of Japan, North Korea and Cuba, an Oxford researcher identifies three possible responses to peak oil: Predatory militarism, totalitarian retrenchment and  socioeconomic adaptation.

Oil is the backbone resource of industrial society, but the Oil Age will come to an end, someday. Thepessimists say the world reached maximum oil production in 2008.Middle-of-the-road optimists say peak oil won’t occur until 2030. Either way, production is already past its peak and on a terminal decline in 54 of the 65 largest oil-producing countries in the world, including Mexico, Norway, Indonesia and Australia. It’s been declining in the lower 48 states of the United States since 1970.

What will happen when cheap oil is no longer available and supplies start running short? More >>>