“Peak Oil” (Google the term) is here. For the global economy, this is very bad news. There was a much more limited — smaller — crisis like this back in the 1970s: The Oil Embargo. This “Oil Embargo” brought the economies of the west to their knees. It was more than a decade later before the nation fully recovered. Before it was all over America experienced “Stagflation,” this is run-away inflation coupled to high unemployment.
Unemployment is already high, and inflation is already higher than it was when Richard Nixon called it his greatest priority (Google “Whip Inflation Now” Nixon).
Look, the oil demon has been destroying our economy since Bush invaded Iraq. We never tried to fix things. Instead, we looked towards “Hybrids” and high unemployment to allow SOME PEOPLE to continue on with business-as-usual. No fix, sacrifice the many so that the chosen few can be comfy.
It’s all over now, Baby Blue.
Don’t you wish we could have all that money back that we wasted on the war, and the bailouts of luxuries such as airlines — plus all those tax cuts — so we could spend it on meaningful changes?
The United States provides as much or more food aid as the entire planet combined. When the collapse happens, that stops. Whole regions of the planet will be depopulated.
It’s ironic, isn’t it? I mean, Tumblr is filled with idiot “Revolutionaries” who pray for the day when the U.S. can’t get it’s hands on foreign oil, but when that day comes close to a billion people could start dying directly or indirectly from the resulting famine.
Millions will simply starve to death. Countless millions more will be taken by diseases which prey on those weakened by malnourishment. Millions more will die in the resulting wars, as nations fight to in an attempt to avoid extinction. Places like Australia and Brazil will be completely over run by refugees. At the same time food prices will sky rocket, making it all but impossible to provide such charity.
In some ways we’re already seeing this, as more & more acres of land go towards producing biofuels and not food. Post oil we’ll lose far more food to reduced yields for lack of fertilizer, reduced yields because of the lack of pesticides (both highly dependent on the energy market). And then there’s “Climate Change,” rising sea levels: Reduced yields, fewer people being fed per acre.
The world’s population is growing. At the same time, the planet’s food production is set to start shrinking. Yes, mostly because of oil. We start finding ready alternatives, or we prepare for the chaos.
I’m sorry, I really am but yours may be the first generation which has to decide between killing invading refugees or feeding yourself. You may actually be faced with a “Kill or be killed” crisis. It could get that bad.