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VTP - Of course Deffeyes means the economy is going to fundamentally change...IT'S GOING TO COLLAPSE. How in the hell can you read some quasi-cornucopian crap into a perfectly straight forward statement? He is saying that energy costs are going to destroy the world's economy.
And, as I have looked at his graph time and again, I am scared shitless because the change looks like it is going to be a cliff not some nice time-line that gives people and government years to adjust.
Todd
"...because the change looks like it is going to be a cliff..."
Yes Deffeyes' recently posted graph is beautiful in its simplicity. Clean, clear and crisp. And I share the same sentiment that you have. The message told in that one plot is very sobering.
-best,
Wolf in YVR BC