What happened when the oil ran out

Transition was no longer a local initiative or a movement — it had become a way of life. The world had become much smaller again, as globalization abruptly ended and society once again began to revolve around local communities. We had prepared. We lived in a paradise. We were small enough to be agile. We had an exceptional citizenry, with extraordinary talents, knowledge and creativity. And we had each other.

ODAC Newsletter – Sep 24

Energy Secretary Chris Huhne has given the strongest indication yet that the coalition government is actually considering the possible impacts of peak oil. “We will have a world where there may be lots of shocks, we may well have oil price rises which are similar to the ones that we had in the 1970s, a doubling”, he told a fringe meeting of the Lib Dem conference…

Will resource production networks warn us before failing?

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”