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Comparing the Economy to the Titanic:
Economy | Titanic | |
1956 Hubbert warned of Peak Oil. | Iceberg warning | |
1970 US domestic Peak Oil | Iceberg sighted | |
1973 Oil Embargo, fragile infrastructure | Impact and Hull breach | |
2002-2007, 5-fold increase in the price of oil. | Deck Tilt | |
May 2005 Peak C&C's followed by 30 months of declining plateau. | Breach of water-tight inner compartments | |
Oil hits $220 a barrel (guess) | Sink, lifeboat or swim |
Unfortunately, the titanic wasn't aware of the threat that lay ahead to prepare its lifeboats ahead. However, we are.
Policies of self-reliance and community economic lifeboats:
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