Drumbeat: July 13, 2012

theoildrum.com 13 Jul '12, 1pm

Drumbeat: July 13, 2012

The Peak Oil Crisis: The Summer of 2012 One has to go back to the 1930's to find a time when so much of civilization was in turmoil at once. The 30's ended with World War II, tens of millions dead, and much of the industrialized world in ruins. It is not hard to argue that the array of economic, geopolitical, and climatological problems currently facing the world add up to an even more serious threat than a handful of hyper-aggressive nation-states did 75 years ago. Our current problems – faltering economies, an out-of-control atmosphere, increasing social unrest, and political gridlock in many parts of the world – add up to a very bleak outlook ahead. Here in America, there is much denial. With weathermen telling of new disasters every day, the annual budget deficit stuck at $1.5 trillion, unemployment increasing every week and not even a hint of rational solutions to the...

Full article: http://www.theoildrum.com/node/9341

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