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View Diary: Icelandic bank failures could sink us(UPDATED) (272 comments)

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  •  He is (1+ / 0-)
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    talking about Peak Oil coinciding with the financial debacle.  Better term is "end of cheap oil".  Learn about "end of cheap oil" and the bell shaped curve.  No one wants to talk about this, as I learned yesterday while in town.  People were aware that "something is wrong", but weren't much interested the details...too depressing..."the politicians should fix it", oil is over $100/barrel because "they" can charge that amount..."we have plenty of oil in the ground", etc.  Noone wants to know these things because, frankly, the facts ARE very, very depressing.  Which doesn't stop them from being facts, unfortunately.  

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