End of the Oilocene – The Gathering Storm

Source: Feasta

“Properly understood, money acts simply as a ‘claim’ on the output of the energy economy and driving up the aggregate of monetary claims only increases the scope for their elimination in a process of value destruction,” warns Tim Clarke. He goes on to argue that Ireland is in a particularly vulnerable financial position, which is likely to lead to severe problems in the near future.

http://www.feasta.org/2020/02/07/end-of-the-oilocene-the-gathering-storm/