Page added on March 2, 2005
To the vast majority of us ignorant to the lessons of history, conditioned by an extended period of prosperity and technological advancement this is not welcome news. The callous reality is that we are staring down the barrel of the next Great Depression not because we are “running out of oil†but because the truism of perpetual economic growth fuelled by a seemingly endless growth in the supply of oil is about to be reversed.
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