Page added on April 23, 2005
To me, a hope is that we are going to hit peak oil [when oil resources begin to decline] — and some geologists say we already hit it last year. The business community is now starting to take this very seriously. The first thing to happen would be the big-box stores, like Home Depot and Walmart, collapsing because they are dependent on cheap oil to ship cheap goods. Also, in the suburbs of Canada we have these gigantic homes with two or three people in them, and the heating and cooling bills are enormous, and they depend on cars. But the big thing is food.
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