Oil is now close to $50, having surged 3.4%. This is the problem we face. As economies ramp uo on lower fuel prices, deamdn will kick those prices quickly upward, causing economies to convulse and contract again. The problem is alternative energies no longe rhave the incentive of high fossil fuel prices to come online which means even these industries are contracting. The way to have set up the alternative energy industry was through foresight, before it was necessary. Now it is actually too late and what isn't online now will probably not come online - we've simply run out of resources, including ordinary wealth. Probably this was primarily a failure of the imagination.
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