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World Oil Supplies Declining Faster Than Expected - IEA

You want to know just how important this is?

"“In the West, approximately 10 calories of hydrocarbons are required to produce one calorie of food. In short, we convert oil into food via the Earth." [1]

We use oil to power the agricultural vehicles and even more importantly. To manufacture fertilizers.

When the oil goes, so do the machines and the fertilizers. The end of oil is not just about transport it is about a *massive* reduction in the energy available to humanity. If we get the changeover to something else wrong, it will also mean a massive reduction in food production. And a massive reduction in food production will mean a massive population reduction.

How about, a matching 6% population reduction every year? 360 million people.

[1] ec.europa.eu/research/...

OPEC: The Saudis Have Left the Building

Well, the Saudis have to keep the Republicans in power, what would you expect?