When people tell me the dire messages about which I write don’t resonate with other people, I struggle with a coherent response. Would you prefer continued overshoot on an overshot planet? Would you prefer we keep heating our overheated home? Would you prefer we ignore the most important issues in the history of our species? …
It seems neither the Fed nor the Treasury Department cannot stop sunshine with an umbrella, much less interrupt the relentless tsunami of dire economic news.
Cheap oil allowed the construction of suburbia. Cheap oil allowed us to use our houses as ATMs. Cheap oil allowed the banks to borrow money inexpensively and lend it slightly more expensively (but it was still cheap). Cheap oil allowed economic growth.
Those days are behind us.