Peak Oil & the End of Growth
Decouple
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The European Industrial Model of Low CO2 Energy
The European industrial model was built on an expectation of very low energy inputs. And so what we're doing with energy, just the fundamental model of the industrial revolution is adding vast amounts of very cheap fossil energy to technology. We're being incredibly energy inefficient at doing that, but we're very monetarily efficient because it's so cheap. So now all of a sudden that model is breaking down in lots of like chemical plants and industrial factories and stuff in Europe are having to close their doors as that math no longer works. It's going to be real interesting to see how they respond.
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