How to save the world? A global journey into making our lives better…

In our previous post about peak oil I introduced the concept of finite resources which may be a limit to growth, and described how important oil has become to our civilisation. What will happen if dramatic actions are not taken in order to address the increasingly limited availability of oil and other fossil fuels? The consequences of scarcity of oil will be dire. Basic market laws of supply and demand indicates that the decrease in production will lead to higher oil prices, and therefore higher price on all of the goods and service which heavily depend on oil, as I detailed in one my precedent posts.

As cost will keep rising and consumer’s disposable income will keep decreasing, we will witness slower growth at first, followed by foreclosures, recession, depression, inverted rural flight and a potential collapse of governments and financial systems.