Stories tagged with "lia"

The Global Energy Crisis and its Role in the Pending Collapse of the Global Economy

Posted by Euan Mearns on November 3, 2008 - 9:25am in The Oil Drum: Europe
Topic: Policy/Politics
Tags: bio fuel, ccs, climate change, credit, deflation, einstein, energy efficiency, energy poverty, eroei, gdp, hydrogen, inflation, ipcc, lia, olduvai, opec, original, production decline, united kingdom [list all tags]


When my talk to the Royal Society of Chemists was first arranged this summer, oil cost over $130 per barrel, and we wondered where the price would be in October. Since then much has happened. The credit expansion bubble was pricked in part by inflation stemming from high energy prices, and the global banking system is teetering on the brink of collapse, reprieved only by the spread of social ownership throughout the OECD.

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