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The world's self-organizing economy can be expected to act strangely, as energy supplies deplete

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Last updated 19 novembro 2024
The world's self-organizing economy can be expected to act strangely, as energy supplies deplete
It is my view that when energy supply falls, it falls not because reserves "run out." It falls because economies around the world cannot afford to purchase goods and services made with energy products and using energy products in their operation. It is really a price problem. The world economy we know today is, in fact, a self-organizing system operating under the laws of physics. With less energy, it will start "coming apart." World trade will increasingly falter. Fossil fuel prices will be volatile, but not necessarily very high. These issues will lead to a very strangely behaving world economy in the months and years ahead.
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