The Ultimate Dilemma for Oil-dominated Economies

I am a big fan of Paul Roberts, whose book The End of Oil: On the Edge of a Perilous New World (from which I copied this passage) is one of the best tomes available about the current energy situation. The book was published in 2004, though. Although Roberts accurately spotted the major trends and accurately explained the issues, the period in which he did his research and writing was one of high optimism compared to the situation today. Sometimes he seems almost naive.


The big word today is recession, with fears around the world that the US may already be there, and that Europe and Japan will soon follow. Perhaps the ballyhooed