Tuesday, January 10, 2017

Another hard punch coming from #peakoil

via @NafeezAhmed
Brace for the oil, food and financial crash of 2018 – INSURGE intelligence – Medium: "A report by HSBC shows that contrary to industry mythology, even amidst the glut of unconventional oil and gas, the vast bulk of the world’s oil production has already peaked and is now in decline; while European government scientists show that the value of energy produced by oil has declined by half within just the first 15 years of the 21st century."
The US has $Trillions in auto and sprawl infrastructure, and is investing more every day for maintenance, repair, and new construction. Plans for undeveloped areas of the world are mainly road-building. Something has to break. Cheap oil peaked in 2005.

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