According to bloomberg:
“Aug. 31 (Bloomberg) — On a sweltering Tuesday in mid-July, in the fields outside Pisa, Italy, Willem Kadijk scribbles notes as a ragtag troupe of doomsayers predict the end of the Oil Age.
With his shaved head, jeans and sandals, Kadijk, 48, blends into a crowd gathered under a white tent to hear of the coming calamity. The death of cheap, abundant crude, the forecasters warn, might unleash war and plunge the world into a second Great Depression.
That’s not the prophecy of some apocalyptic cult. Kadijk, a hedge fund adviser, had flown from Amsterdam to attend a conference on a geologic theory known as peak oil.”
- Thanks LOWEM for informing of this BIG news! bloomberg is now going to make market investor go nuts with extra-cash on hand to jump into the peak oil bandwagon. The inevitable is near, we might still have some time do what is logical and prepare for food, water, electricity and back up plans now.
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