The Peak Oil Crisis: Powerdown or Collapse?

It is relatively easy to foresee what is likely to happen in the early APO (after peak oil) years. Few will disagree that $5-10+ gasoline will result in a major reduction in personal automobile travel and explosive growth in mass transit, alternative vehicles and ride sharing. The substantial increase in the cost of transporting goods and raw materials will result in unprecedented price increases, high interest rates, and an economic downturn.

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