The Next Bump in the Bumpy Plateau

I have never believed that a sudden, all encompassing, and acute “collapse” would occur on a global basis after the world reached global peak oil.  I do believe, however, in the inevitable decline of functioning economies that present in fits and starts in reaction to having passed peak oil.  What looks like credit, housing, unemployment, hunger, and governing crises, are in reality the world’s attempts to reset to the restrictions placed upon it by the continuous reduction of cheap energy.     

This is the Way the Oil World Ends…

This is the Way the Oil World Ends…

This is the Way the Oil World Ends…

Not with a Bang…

…but with the European Union, the UN Security Council and the United States freezing the assets of Iran’s Central Bank.  The continued attempt to starve Ahmadinejad into submission has moved this war of words, posturing and saber rattling into the realized realm of calculated high stakes with definable and measurable features.  136.3 billion barrels of proven oil reserves is deliriously mouth watering to a world dying of thirst for black gold.  Iran’s got it, we want it and we’ll take it.