Via Scoop.it – The Great Transition

Richard Heinberg provides a good summary of why the Golden Age of Gas might run out of gas soon, why it does only postpone peak oil for a few years and how declining net energy is leading to the end of economic growth and pain for the overblown financial sector

Here is one interesting extract:

“The end of economic growth (due indirectly to the decline in net energy available to society) is causing the financial system to shudder and shake; the result could well be a rapid collapse that would deny essential monetary support to other necessary subsystems (agriculture, transportation, manufacturing, education).”

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