Wednesday, 30 March 2011  My Struggle to Make Sense of the
Financial Crisis in the Era of Peak Oil  Peak Oil, I get. I’ve
been in Transition for three years and had my end of suburbia
moment(s). I understand that fossil fuels are limited and non-
renewable. That as the world’s oil fields diminish, demand
exceeds production, and the remaining crude oil is harder and
more expensive to extract, the enery return on energy invested
(EROEI) drops to a fraction of what it was when oil was
plentiful. No more cheap petrol. Oil prices soar. And along with
them the price of everything else in our industrialised, oil-
dependent global economy – including food.  The same with
Climate Change, the anthropogenic variety. Creating a vast
artificial industrial complex all over the planet which demands
huge amounts of energy, destroys most of the rainforests and
other complex eco-systems and burns billions of tons of fossil
fuels every year with its attendant carbon emissions and
expecting it not to affect the climate just makes