It has been awhile since posting anything here. So here are some miscellaneous items around a predicted energy crunch:
From popular science an interesting chart that is likely wildly optimistic and news of several former staff members. “IEA Whistleblower Claims Agency Has Downplayed Looming Oil Shortage According to a senior International Energy Agency official, the energy watchdog agency fears the truth would trigger panic buying.” Of course former staff members who refuse to give their names may not be the most reliable sources. Still, look at the chart. It is likely wishful thinking.
"At that rate, the world has to find no less than 20 million barrels per day of new production just so the global economy can burn the same amount of oil in 2014 as it burns today. That’s why, in the oil business, you have to run faster to stand still. And even if global production can keep up with that treadmill, that leaves no allowance for any growth in demand."
What will this mean for house prices? I hope you are living close to work, shopping, and schools. If you want to move to those locations, be prepared to pay more.
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