The peak oil crisis: the Crash of 2008

Taken together, the developments of the last few months indicate that despite the steep decline in gasoline prices, the effects of the peaking of world oil production will still be with us. So far the recession we are entering has not been enough to actually reduce worldwide demand for oil, but the drop in oil prices and the overall economic situation is hurting investment in future oil production products.

”A little tuft can often overturn a large load”

The load that has now overturned is the finance world’s wagon with virtual money. … When they put the wagon back onto its wheels again new oil will be needed to get it moving. Compared with earlier crashes the volume of new oil will be limited and new, clever energy solutions will be needed. It is time to plan for a future after Peak Oil.