TheOilDrum: As the economy shrinks, what will that look like? I too think the shape of the curve will be governed by the price of oil occasionally increasing and destroying any recovery.
SHOOT: The Staircase Model and Maslow's Hierarchy in particular [below] are worth an extra long look.
SHOOT: The Staircase Model and Maslow's Hierarchy in particular [below] are worth an extra long look.
Finally, I think it's useful to consider Maslow's Hierarchy of Needs to understand how our lives (and in particular our livelihoods) will be different on the downslope of oil and all fossil fuels. As you point out, entire job categories are likely to disappear or shrink radically as we (i.e. the world economy) become poorer. |
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