The Event of the Century

The 21st century is still young, as there are another 93 years to go. So it might sound overambitious to claim that ‘The Event of the Century’ is already behind us. But I’ll gladly take the risk, for I seriously believe that the peaking of the global production of crude oil — commonly know as ‘Peak Oil’ — has occurred in 2006 and will be ‘The Event’ bound to dominate the history of the 21st century: one of those ‘historical inflection points,’ which abruptly change fundamentals in the course of world history. I cannot foresee any other event coming to eclipse Peak Oil, not even the world wars which might be unleashed in the Peak’s aftermath and further fueled by widespread resource scarcity. Unless, of course, humanity decides upon collective suicide with the massive use of weapons of mass destruction; but such an annihilating event would spell the word ‘end’ for most, if not all, of mankind.”

lifeaftertheoilcrash