aeldric

1) There is a theoretical limit to how long a networked resource system can continue to function.
2) This limit is reached with little warning.
3) Even after the limit is approached and the squeeze on networked resources starts, the nature of the problem is not apparent to the resource producers, who are likely to say “there is still plenty of our resource available – we just need more inputs and better price signals”

There are those among the Peak Oil community who suspect that we could be facing a failure of our interdependent society that may be sudden, profound, and complete. I have repeatedly said that I am not numbered among them. My opinion is that our way of life will have to change significantly, but slowly. I don’t expect to be clubbing anybody with a femur in any foreseeable future. This opinion is on record in both print and electronic media, and I don’t expect to be issuing a retraction any time soon–but a recent event forced me to admit that I may have to hedge a little.