The age of cheap energy appears to be over. Natural gas production in North America will peak in 7 years. Oil may have already peaked world wide. This does not mean we will be out of fuel, it does mean that it will be increasingly scarce and expensive. Our economy is built on cheap energy and will most certainly suffer.This most certainly has real estate implications as increasing fuel prices will make suburban homes less valuable. Further homes that are energy inefficient will also have less value.
Buying & Selling for Hard Times - Dick Halverson
Energy Tsunami on the Way - Realty Times
Peak Energy - a selection of charts & quotes
The Long Emergency - J. Howard Kunstler
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