25 Jan '15, 4pm

#peakoil Peak Oil, World Oil Production Decline Acknowledged: John Hofmeister, Founder & CEO, Citizens for Aff...

I have no doubts that some sort of steady state economy could be a possibility, but as long as our economy is tied to a monetary system that requires exponential growth, “this” economy cannot afford higher oil prices. Theoretically, we could build an economy with greatly increased oil prices, but ‘this’ current economy will need to be collapsed first. Considering the fact that TPTB are dependant on the current monetary systems to maintain their control, and they are the ones making the decisions, I don’t see that happening anytime soon, at least not voluntarily. Add to that the unfortunate reality that we cannot continue to burn fossil fuels, if we hope to maintain a comfortable existence on our one and only ‘home’, then even a steady state economy with greatly increased oil prices is no longer a possibility.

Full article: http://peakoil.com/generalideas/peak-oil-world-oil-produc...

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