The Global Economy Is Finally Realizing That Fossil Fuels Are Finite

The problem is hitting limits in the extraction of fossil fuels We know that historically, many economies around the world have collapsed. We also know that there is a physics reason why this happens. Growing economies require a growing supply of energy to keep up with a growing population. At some point, the energy supply and other resource needs cannot grow rapidly enough to keep up with population growth.

When this happens, economies tend to collapse. In their book Secular Cycles, researchers Peter Turchin and Sergey Nefedov found…