depression 2
following up on yesterday's post, we can make a few predictions for the future. let me dust off my crystal ball. okay, ready. assuming peak oil is now, the stock market will crash sometime around 2020. and that will be the start of the next great depression. my kids will be 20 years old and looking for their first real jobs. great. assume we're going to switch to solar power. and we need a terawatt up and running before the depression ends. assuming the solar power industry continues to grow faster than any industry in the history of the world, it will still take 40 years to catch up to the current level of oil production. so we're looking at the end of the next great depression sometime around 2050. my kids will be my age. good grief. it's slightly better, because we can use coal until solar comes online. it's slightly worse, because solar isn't as good as oil. at least not as a transportation fuel. which means everyone will need to stay home and play video games. heh. i'm gonna be so rich.