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Emotional Resilience

The Most Important Warning Sign I’ve Ever Seen

Episode 62 Part 2

user profile picture Chris Martenson May 24, 2022
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There are two big sections to this special report for subscribers.

First, I delve into the most important warning sign I’ve ever seen. The energy situation is deteriorating rapidly and the only thing I can find our leaders saying about it is the efforts they want to take to make the situation even more difficult.

In the U.S., various blue checkmark sorts are agitating for taxing “big oil” as a means of addressing citizen discomfort over high gasoline prices. How any of that taxed money would find its way back to the same beleaguered citizens is always left unsaid.

In Europe, and Germany in particular, the energy jaws are clamping down and creating all sorts of mayhem for citizens and corporations alike, and the response of the political and bureaucratic classes is to…embargo Russian oil.

Speaking of which, Russia’s biggest oil producing firms are already reporting massive declines in output, which will not be easily or rapidly resumed even if hostilities should magically evaporate overnight. But, since that’s not going to happen, we should anticipate more energy shortfalls and higher prices in the future.

Now, we get to the hard part of the Peak Oil story: The part where things just get harder and harder, and there aren’t any “have your cake and eat it too” political approaches like we’ve been able to afford in the past.

Now, we have to make real and very hard choices.

But our leadership?

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