World On Brink Of Ruin

Stephen Roach, the chief economist for Morgan Stanley & Co., one of the most powerful investment banks and one of the 50 largest companies in the world, says Greenspan has “driven the world to the economic brink.”

The End of Oil?

Ultimately, says Deffeyes, we may just have to resign ourselves to relying more on coal, wind, and nuclear fission for ­electricity and switching to high-efficiency diesel and hybrid automobiles in order to ration our remaining oil reserves for as long as possible. Abundant energy from fossil fuels was a one-time gift, Deffeyes concludes, that lifted humanity up from subsistence agriculture and has led to a future based on renewable resources