Shell's 'Signals and Signposts' Envisions Troubling Scenarios
The industrial doomsday scenario put forward by peak oil theorists isn't just for far flung voices on the Internet anymore.
Peak oil is not a problem of Earth's supplies: there's plenty of oil in a variety of forms. The difficulty is in how much energy it takes to recover and process it. And if it hasn't happened already, soon the demand for energy commodities will soar past existing production capacity and crash headlong into the brick wall of declining discoveries.
The economic effects of this could be devastating to the human populations within industrialized societies, to say the least.
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