Exploring Hydrocarbon Depletion
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QUOTE O’ THE DAY
"It is not possible to continue infinite consumption and infinite population growth on a finite planet.”
-- Michael Ruppert, WSJ, 4/11/09
.I think you are going through dangerous territory by associating high oil prices with the 2008 financial crisis. It might or might not have been a contributing factor, but it is certainly not a first-order factor, at least not on the crisis as it developed in Europe or North America
There seem to be a lot of people getting all worked up on this OMG we need to stop thinking on the economic growth paradigm, but there is no empirical evidence to back this bold assumption. At least evidence that would pass the muster of macroeconomic science.
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