The Crisis of Energy and Money in a Post Peak Oil World
A 25-Point Program for Action
This book not only explains the essence of the subject but provides a penetrating analysis of the wider political, military, and economic implications. The Second Half of the Oil Age now dawns and will be marked by the decline of oil production and all that depends upon it, including especially transport, trade, and agriculture. The book ends with a list of sensible new policy proposals by which to face this turning point of historic magnitude.
—Colin Campbell, PhD, Former Oil Exploration Geologist (Texaco, British Petroleum), Exploration Manager, Total; Former Consultant to Shell, Statoil, Mobil and Amerada; Former Executive V.P. Petrofina; Author, many books and publications on Oil and Gas depletion
The world is running short of energy—especially cheap, easy-to-find oil. Shortages, along with resulting price increases, threaten industrialized civilization, the global economy, and our entire way of life.
In Confronting Collapse, author Michael C. Ruppert, a former LAPD narcotics officer turned investigative journalist, details the intricate connections between money and energy, including the ways in which oil shortages and price spikes triggered the economic crash that began in September 2008. Given the 96 percent correlation between economic growth and greenhouse gas emissions and the unlikelihood of economic growth without a spike in energy use, Ruppert argues that we are not, in fact, on the verge of economic recovery, but on the verge of complete collapse.
Ruppert’s truth is not merely inconvenient. It is utterly devastating.
But there is still hope. Ruppert outlines a 25-point plan of action, including the creation of a second strategic petroleum reserve for the use of state and local governments, the immediate implementation of a national Feed-in Tariff mandating that electric utilities pay 3 percent above market rates for all surplus electricity generated from renewable sources, a thorough assessment of soil conditions nationwide, and an emergency action plan for soil restoration and sustainable agriculture.