the economy of the global industrial system is predicated on a single factor:
If infinite growth does not go on, then infinite contraction takes over. The poor feel this first, obviously. but it tracks up the ladder of prosperity until all are consumed by it. It may take a while, but there’s no escaping it
We have been in this state of decline since 1970, because 1970 was the year that the USA went from oil surplus into oil deficit.
We no longer have the surplus oil to drive our economic system in a condition of infinite growth.
Your politicos and economists will trot out all kinds of reasons — but there’s only one — -that damned oil deficit, every time.
The oilparty is finally over.
get used to it. Youre not going to like it