Energy & The Economy – Crash Course Chapter 22 | Peak Prosperity.
Chapter 22 of the Crash Course is now publicly available and ready for watching below.
In the past few chapters on Energy Economics, Peak Cheap Oil, and the false promise of Shale Oil, we’ve gone into great detail to show how our economic growth is deeply dependent on our energy systems.
Here’s how it all sums up. There are some knowns:
We know that energy is required for both growth and complexity. We know that surplus energy is shrinking. We know that the age of cheap oil is over. And we know that because of this oil costs will consume an ever-greater proportion of our total budget.
And with these known facts, come along specific risks. There is the risk that our exponential money system will cease to operate in a world of declining energy surplus. It is designed for a world without limits – a world of endless growth.
And there is the risk that our society will be forced to become less complex – a loaded statement if ever there was one.
…click on the above link to read the rest of the article and view the video…
