Peak oil really could destroy the economy – just not in the way greens think

If the global economy goes seriously tits up — as I believe it is about to do — the important thing is that we understand the actual reasons why it went tits up. Otherwise the drastic remedial action we’ll inevitably take to ensure that it never happens again may well result in the exact opposite.

Consider, for example, that disturbingly tentacular collective of self-righteous hippyish busybodies Transition Towns. Here is an…

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