We sorely need some definitions. Use this thread to post your suggestions and then I’ll pull out up to the 10 best and we can vote in a separate thread (polls only allow 10 options… moderators can feel free to take this over). Of course, a time scale is necessary. Since the ASPO estimate is currently forecasting a peak in 2007/2008, let’s hold this time scale to the next 20 years.
Here are some definitions I’ve found for hard-landing
Economists define it as:
When the economy goes directly from a period of expansion to a recession. This might happen if a government or monetary authority is more restrictive in its fiscal or monetary policy than what is appropriate for the economy. opposite of soft landing.
Space scientists (airline pilots?) might define it as:
The landing of a craft such that it is unable to continue operations.
I would define it as:
A major downturn in the production of oil which directly leads to severe recessions or depressions. There is a significant drop in the standard of living, costs of living rise dramatically and unemployment reaches never before seen highs. People are forced to cut out all non-essential goods and services from their lives. Crime increases dramatically but there is no major disorder. Local wars become prevalent, but not severe.



