Peak oil is not apparent to most. It is occurring on a geologic time frame, not on a nightly media cycle or business quarter. Word of oil production declines anywhere move very slowly for a bunch of reasons: personal psychology (denial), media culture (corporate responsibility to advertisers), oil-industry propaganda, globalist/bankster controls, lies from corrupt oil-exporting, etc.
- Step One in Collapse: Word Gets Out.
--news of another government/military report,
--news of another failed oil exporting nation,
--maybe ETP finally published lol?
--stagflation like the 1970's (when the USA peaked),
--a real serious supply crisis in Europe,
--another wave of migration from the ME/North Africa into Europe?
Fear, not chaos. The United States has plenty of oil to not collapse into social disarray. But the financial house of cards goes in a wink of an eye. Stock market rout. Bank failures (perhaps runs?), fortunes lost. You will see peak oil finally named on television, facebook, and twitter. Folks discuss and debate peak oil at lunch and on the internet. The usual media circus. Talking heads. The Mike and Spike show.
Denial for a month or two. Much like here at PO.com. Then fuel distribution disruptions, gun sales. Fuel runs and rationing. Rationing. Rationing. Grocery store runs, and government controls. Odd and Even Gas Days. Austerity. High unemployment. Household retrenchment. Business collapses.
- Step Two in Collapse: Personal Bankruptcy and Government Controls