Essential viewing for newbies. What hasn't been factored in is the export land model where producing countries experience soaring, subsidised , domestic consumption on the back of ever higher oil prices with the result that their exports are cannabilsed to the detriment of oil consuming countries. The outlook is grim.
Joe P. joeparente.com "Only when the last tree is cut; only when the last river is polluted; only when the last fish is caught; only then will they realize that you cannot eat money." - Cree Indian Proverb