Economic Meltdown in America Saves the World from Peak Oil

It had seemed abundantly clear over the year beginning mid 2007 that rampant economic development in less developed countries, along with the maintenance of economic development in more developed countries, spooked the oil markets. After all both China and India were growing economically at around 10% level.
However, that may be changing.

The end of growth

Several of us who have been watching the world oil production and depletion picture closely for the last few years are now concluding that the world has now seen the highest rate of production ever… The worldwide financial crisis, and the decline in available energy, mean that we may also have seen the final year of aggregate world economic growth.

Aubrey McClendon’s natural gas smoke screen

The key questions about the actual size of North America’s natural gas resource remain unresolved. And, concerns about the possible rate of production from unconventional sources such as shale gas loom large. Until these are addressed more convincingly, North American policymakers would be advised to look upon McClendon’s proposals with skepticism and to plan prudently for a less than rosy natural gas future.

United States & Canada – Oct 6

NYT’s Friedman discusses solutions to world’s climate, energy, and population problems (video & transcript)
Politics of drilling, financial bailout heading into elections (video & transcript)
Fukuyama: The Fall of America, Inc.
Ok, Now What?
Atlanta Q&A: Why gasoline supplies went south