Slowly but surely world leaders (Christine Lagarde) and top media commentators (Martin Wolf in the FT) are recognising that high oil prices as a result of supply-demand tensions and geopolitical fears (Iran) are becoming a major obstacle to new economic growth in the West.

Is there hope that finally political and economic elites will start preparing for the post-growth economy? The world’s addiction to oil and fossil fuels is not only threatening the planet’s climate but is also killing off growth and prosperity. There was never more urgency to start the phasing out of the oil (and easy growth) economy.