Peak Oil is You
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Page added on December 13, 2011
Oil prices, 0% growth and the environment
In this video Chris Martenson – economic analyst at chrismartenson.com and author of The Crash Course – and Alasdair Macleod of the GoldMoney Foundation talk about the implications of rising oil prices for economic growth. They wonder what effect it would have on pension portfolios when the predicted returns of 7-8% cannot be realised anymore because rising oil prices curtail economic growth. Martenson points out that the exponential increase in the consumption of our natural resources leaves us with the big question of how this is supposed to be sustained in the coming decades. Due to the ever-increasing cost of extracting more resources, he expects a big structural shift in the way we do business.
2 Comments on "Oil prices, 0% growth and the environment"
BillT on Wed, 14th Dec 2011 1:31 am
The rising prices and contracting supplies of oil will change our world in what most will consider negative ways. Economic growth is over in most Western countries, never to return. It is slowing in the other developing countries and will also contract in the future.
The Petroleum Age Economy that we have always lived in is almost over, forever. Anything, including pensions or any investment is going to decline. 401ks or IRAs or any stock based retirement is going to be curtailed. Home prices are not going to ever equal the PPI of the pre-2008 years. You may still get the same dollars in your paycheck, but they will buy less and less as the governments inflate to pay their debts.
James on Thu, 15th Dec 2011 4:17 am
I think later into the Oil Crisis, we will start looking to re-opening the trash dumps we have been filling up for metals to re-use as the metals start to decline.