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How will peak oil affect the economy?

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Uploaded by on May 5, 2011

Economist Richard Douthwaite discusses the impact of peak oil on the world economy. Our current economic model requires sustained growth based on cheap fossil fuels; oil depletion, rising oil prices and climate change will cause a global economic crisis.

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  • good vid

  • I think the International Energy Agency now says we have in fact reached peak in 2006.

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  • surprising to see an economist who doesn't believe in infinite growth.

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