How Energy Woes Will Trigger Financial Crisis

Executive Summary Petroleum is bumping along its global maximim plateau Global demand (led by Asia) will far outstrip supply shortly Why oil is getting scarcer, but cheap oil is already non-existant How insufficient net energy will be the mortal pin that pops our unsustainable financial system If you have not yet read The Really, Really Big Picture, available free to all readers, please click here to read it first. Global Supply Where the U.S. shale plays have been getting an undue allotment of press compared to their current and projected flow rates, the major story remains that oil companies are spending more and more as oil becomes more difficult to find and challenging to produce. What's interesting is that so many people hold the opposite view, perhaps shaped by the breathless manner in which new finds are announced, but rarely with an appropriate level of context or ca...