Peak Oil May Mean 'Monstrously Difficult' Times Ahead

"One might say we have a difficult time ahead of us, but in my view this understates the case: We will have a monstrously difficult time ahead of us. We are terribly in debt and a crippled economy will only make this problem much harder to manage. We have continued our high level of immigration and population growth. We are choosing to make China our enemy at a time when China has bought Boeing airliners and holds a considerable amount of our debt and promises to buy more of our debt into the future. We have made no effort to curtail our use of petroleum or the size of our vehicles yet everything, including the dollar, is balanced precariously on the edge of a cliff."