Peak oil means an end to our society. Because modern petrochemicals are the key components in the production of plastics our current economy depends on large quantities of cheap oil. However, in the near future we will see a ramp up in prices.
Already, we witness last year oil hit $147/barrel. Well, guess what, it will go up in the future because of instability in the Middle East. Try to see what this means. People will claim that our trouble are temporary, but instead we are entering a new phase - one where grow will decline and power runons increase.
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