A recipe for disaster

Signs of an economic meltdown are springing up all around us. The U.S. is almost certainly in a recession now, but the worst is yet to come.
Over the next year we’re going to learn a lot about global oil demand and prices.

The expected economic impact of an energy downturn

We live in a finite world, and we are reaching limits in many ways – easy to extract oil is being exhausted, fresh water is in increasingly short supply, and climate change caused by human activity is becoming more of an issue. Because of these constraints, it is likely that economic growth will stagnate and eventually decline. [Transcript of a talk]