Oil limits seem to be pushing us toward a permanent downturn, including a crash in credit availability, loss of jobs, and even possible government collapse. In this process, we are likely to lose access to both fossil fuels and grid electricity. Supply chains will likely need to be very short, because of the lack of credit. This will lead to a need for the use of local materials.
The time-period is not entirely clear. Some countries, such as Greece and Syria, will be seeing these effects quite soon. Other countries may not see the full effects for perhaps ten or twenty years. What should our response be?
It seems to me that there are many different answers, depending on who we are and what our goals are. The various options are not mutually exclusive.
Option 1. Make the most of the time we have available. Continue reading