Learn to swim

GROWTH (smart or dumb) IS NO LONGER POSSIBLE...
from an extraordinary interview with Matt Simmons, investment banker, friend of George W. Bush, member of Cheney's energy task force (in other words, he's NOT an environmentalist - but more aware of oil depletion than many environmental groups).

Simmons: I have for years described two camps: the economists who told us that technology would always produce new supply and the pessimists or Cassandras who told us that peak was coming in maybe fifteen or twenty years. We may be finding out that we went over the peak in 2000. That makes both camps wrong.
Over the last year. I have obtained and closely examined more than 100 very technical production reports from Saudi Arabia. What I glean from examining the data is that it is very likely that Saudi Arabia, already a debtor nation, has very likely gone over its Peak. If that is true, then it is a certainty that planet earth has passed its peak of production.
What that means, in the starkest possible terms, is that we are no longer going to be able to grow. It's like with a human being who passes a certain age in life. Getting older does not mean the same thing as death. It means progressively diminishing capacity, a rapid decline, followed by a long tail.

NG