The world is running short of energy--especially cheap, easy-to-find oil. Shortages, along with resulting price increases, threaten industrialized civilization, the global economy, and our entire way of life.
In this book, author Michael C. Ruppert details the intricate connections between money and energy, including the ways in which oil shortages and price spikes triggered the economic crash that began in September 2008. Given the 96 percent correlation between economic growth and greenhouse gas emissions and the unlikelihood of economic growth without a spike in energy use, Ruppert argues that we are not, in fact, on the verge of economic recovery, but on the verge of complete collapse. His truth is not merely inconvenient. It is utterly devastating.
But there is still hope. The book outlines a 25-point plan of action, including the creation of a second strategic petroleum reserve for the use of state and local governments, the immediate implementation of a national Feed-in Tariff mandating that electric utilities pay 3 percent above market rates for all surplus electricity generated from renewable sources, a thorough assessment of soil conditions nationwide, and an emergency action plan for soil restoration and sustainable agriculture.
Michael C. Ruppert is a former Los Angeles Police Department narcotics investigator turned investigative journalist. He is the author of Crossing the Rubicon: The Decline of the American Empire at the End of the Age of Oil, (New Society, 2004) and the founder of the online newsletter, From the Wilderness. He currently lives in Los Angeles.