"Cheap resources underpinned economic growth for much of the 20th century. The 21st will be different." (Source: McKinsey Quarterly)

Good to see that even McKinsey starts to get the "peak everything" story. Now they just need to study a bit harder on what this means for economic growth and draw other conclusions than their quasi-religious belief in increasing resource productivity.

Via www.mckinseyquarterly.com