The limits to growth

摘要

FORGET the US' sub-prime mess, the eurozone crisis, or predatory banks. The global financial meltdown started with soaring oil prices. Economic growth will end with them. Higher energy prices aren't a symptom of economic problems, they are the cause. Economic growth depends on burning more oil. But because easy, cheap-to-extract supplies are dwindling, an era of expensive energy is upon us. Welcome to the brave new world of everlasting economic stasis.