I see a set of constraints facing us in the future, and they’re all going to be very expensive. First is funding retirements for the Baby Boom generation. Second is continuing increases in the costs of healthcare. The third is replacing decaying infrastructure. The fourth is adapting to climate change and repairing environmental damage. The fifth is developing new sources of energy. The sixth is what I see as in all likelihood continuing high military costs. The seventh is the costs of innovation.
If we are looking at what oil really provides to society, and what keeps us going for essential services and goods, then our life support system is in jeopardy. We are not preparing for peak oil. We are not reorganizing ourselves for a degraded ecosystem. So we are heading headlong into collapse, and this is something that is not being discussed. It is taboo to imagine that the whole growth scheme somehow comes to an end or that there is something like peak oil that doesn’t translate into some transition of renewable energy to make possible a green consumer society with this level of population.