Maybe it's this:
There will be an energy crisis in the near future that will make anything we've experienced so far seem like a pleasant memory.And this:
The potential knock-on effects of less energy to the complex system known as our economy are unpredictable in their exact details and timing, but are thoroughly knowable via their broad, topographical outlines. The economy will become simpler and less ordered.Maybe the Peak Oil bogeyman won't be the cause of Martenson's apocalypse, but there are other credible culprits: unsound money, the bumbling of interventionist statism, and crushing debt.
[Via Zero Hedge: some of the reader comments are hilarious.]
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Speaking of the WEO 2010, here's Robert Wenzel's take yesterday:
The International Energy Association, in its Energy Outlook 2010, predicts crude prices will rise steadily and could go as high as $161/barrel by 2015, $250 by 2025, $350 by 2035.
IEA is as mainstream as you can get. There are correct about the price hikes, but given the inflation that is likely ahead, It won't take 2015, 2025 and 2035. It will occur in 2012, first half 2013 and second half 2013.
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