Economy tanks because (in part at least) of oil at 150 a barrel, so oil price plummets, so deep oil projects are shelved, down the road oil prices will rebound and be even higher as depletion means less barrel’s to go around, but the economy will stagger along in a post peak oil, post sub prime financial economic collapse, Government bail outs will put money in economy, money that will end up in Oil companies hands they make more money in end and that is where consumers get it,
They get the money, we get the debt hip hip hooray .
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Economy tanks because (in part at least) of oil at 150 a barrel, so oil price plummets, so deep oil projects are shelved, down the road oil prices will rebound and be even higher as depletion means less barrel’s to go around, but the economy will stagger along in a post peak oil, post sub prime financial economic collapse, Government bail outs will put money in economy, money that will end up in Oil companies hands they make more money in end and that is where consumers get it,
They get the money, we get the debt hip hip hooray .