Peak Oil is You
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Page added on May 6, 2011
Richard Douthwaite: How will peak oil affect the economy?
Economist Richard Douthwaite discusses the impact of peak oil on the world economy. Our current economic model requires sustained growth based on cheap fossil fuels; oil depletion, rising oil prices and climate change will cause a global economic crisis.
3 Comments on "Richard Douthwaite: How will peak oil affect the economy?"
Carlhole on Sat, 7th May 2011 12:05 am
Nearly 10 years ago, I exchanged a few emails with Douthewaite. His message at that time was exactly the same as it is now – that within ten years, there will be a major global economic crisis.
Carlhole on Sat, 7th May 2011 12:06 am
…due to the peaking of oil, that is.
rebecca on Sat, 7th May 2011 5:22 am
Looks like he was spot on then.