'Must read' van The Guardian: "Peak oil does not suggest we are 'running out of oil', but that a peak in conventional oil production will create an increasing reliance on more expensive, unconventional forms of oil and gas which have a far lower energy output. According to the Eos paper, we seem to be arriving at that point." (via)
Meredith Whitney, die in 2007 de bankencrisis voorspelde, in de FT: The bill for promises past is now so large for some cities and towns that it is crowding out money for the most basic of services – in the case of Detroit, it could not even afford to run its traffic lights. Across many American cities, cuts to basic social services have already been…