The Oil Drum

This is a draft of Chapter 4 of my proposed book. The link to previous chapters is http://www.theoildrum.com/tag/tverberg_book .

We know that peak oil will be here soon, and we feel like we should be doing something. But what? It is frustrating to know where to start. In this chapter, we will discuss a few ideas about what we as individuals can do.

1. What will the first few years after peak oil be like?

It is hard to know for certain, but a reasonable guess is that the impact will be like a major recession or depression. Many people will be laid off from work. Gasoline is likely to be very expensive ($10 a gallon or more) and may not be available, except in limited quantities after waiting in line for a long time. Fewer goods of all types will be available in stores. Imports from third-world countries are likely to be especially unavailable, because of the impact of the oil shortage on their economies.