Nate Hagens gives his presentation at the "Peak Summit"

SHOOT: The image below says it all.

clipped from europe.theoildrum.com clipped from europe.theoildrum.com What if travel like that isn't possible next year? That would be ironic, that peak oilers can't meet to discuss peak oil because of... peak oil. I guess I'll ride my bike to Italy (from Connecticut). Or what if even worse happens? Blackouts could cause a massive failure of large parts of the internet, rendering us unable to post on TOD! clipped from europe.theoildrum.com In my view, it is financial collapse (arising from the inability of the economy to grow fast enough to support all the debt, because of the higher cost of extracting oil) that is the limiting situation. Exactly how soon we reach a major financial disruption, and what the impact will be on world trade and things like the internet is unclear. It is possible things may hold together for years, but it is also possible that we may see a big change within weeks. It seems to me that Liebig's Law of the Minimum will be what is important. Its impact is hard to predict, because so many pieces that we don't fully understand are involved.