(Editor’s note: Here is a link to talk given at a webcast teach-in held at Ohio State University on April 10th of Public Health Week, 2008, titled “Converging Environmental Crises: A Teach-in on Energy, Climate Change, Water, Agriculture and Population.” Gail Tverberg has been acclaimed for anticipating the deepening fiscal crisis and economic downturn of the second half of last year. In two weeks we will post here at Health after Oil an interview with Gail focused on the future of the healthcare industry, especially the ability of health insurers to function in a world of Bad Money and The Bottleneck of ecological crises, which includes peak oil. D.B.)
Posted by Gail the Actuary on March 26, 2008
Good afternoon. My name is Gail Tverberg. Some of you know me as “Gail the Actuary” on TheOilDrum.com web site. The Oil Drum is a web site about energy and our future.
Today, I will be talking to you about The Expected Economic Impact of an Energy Downturn. If, after this talk, you would like to learn more about peak oil and about resource depletion issues of all types, TheOilDrum.com is a good site to go to for more information.
Let’s talk a bit first about the energy downturn. As everyone is aware, the price of gasoline and diesel has been rising recently. The reason the price is rising is because the world’s supply of oil cannot keep up with demand.