Peak Oil May Mean 'Monstrously Difficult' Times Ahead

Government, industry and the media are doing nothing to prepare America for the impacts of peak oil.

1 minute read

March 30, 2005, 6:00 AM PST

"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."

Thanks to Michael Dudley

FULL STORY: Peak oil puts us in a different reality

Monday, March 28, 2005 in The Seattle Post-Intelligencer

Government / Politics United States

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