Wednesday, June 11, 2014
the world will start to end again next year
At least according to Gail Tverberg. She predicts that energy production will peak next year and then begin a rapid decline that will be accompanied by complete social and economic breakdown across the world. Although towers of ilium cannot claim to be as smart as she is, I doubt that things will play out in the neat fashion that her graph shows. Tverberg is demonstrating a peculiar myopia about the nature of energy resources--they're still too cheap, plentiful, and diversified to play a major role in Armageddon. Although I believe we're seeing a drop-off in fossil fuel production and use right now, market slack will be filled by an increasing share of renewables and nuclear.
I hope so. I don't own a shotgun and am not fond of canned food.