314 comments on Peak Oil and the Financial Markets: A Forecast for 2008--July 31 Update
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Gail, congrats on a truly remarkable article. You really separated out what is important and made it all to easily understood <--That is NOT easy to do. BRAVO!
Your concern of electricity is one that I share. IF we have a hard time getting oil, delivering oil, etc. then people will switch to electric heat, electric cars (doing this already), and our grid does not have extra capacity to replace the lost value of oil based energy. This is clearly overlooked by the MSM. I think you are dead on that this will be another crisis mixed in with the others that will hit.
You also hit on "never to be sold homes". yeegads!
I think you have done a masterful job of outlining the coming collapse with plenty of real "signals" that will be obvious if you care to look.
A job well done.
D
It's also clearly overlooked by many promoting techno fixes on this site.
Thanks!