Peak Oil And The European Debt Crisis


With every passing day it is becoming more apparent that the crisis of the depletion of cheap oil has become deeply enmeshed in the European debt crises.

The sequence of events is well known. Greece's economy is imploding; the government can no longer pay its bills without continuing bailouts from the EU; at some point Greece will have to default on at least part of the $430 billion it owes to mostly European banks. Such a

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