Happy Days Are Not Here Again: Obama, China and the Coming Great Contraction

Happy Days Are Not Here Again: Obama, China and the Coming Great Contraction

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This summer has convinced me that it is realistic — not pessimistic or fatalistic — to believe that we have reached the twilight of the oil-industrial age. A global reckoning is coming sooner than we would wish, and the US government and President Obama, sadly, are not stepping up to the leadership plate.

Even the short run looks gloomy, and the slightly longer run — the next twenty to thirty years — could be a turning point in human history.