Posted by donk
(here)
In the height of my peak oil fears in the middle of last decade, I had occasion to lunch with then president of US Chamber of Commerce...when I brought my fears of economic collapse (due to over-leveraging--aka fraud--of derivatives and the whole housing debacle) he said it was a non-issue thanks to the amount of existing liquidity. When I asked him if he was worried about peak oil, he was quick to respond he wasn't worried about oil at all, the resource scarcity that bothered him? Water.
Milneman: I agree, the issue I came to worry about more was it NOT peaking, and us poisoning the earth continually burning it up. And the whole issue that our food supply is pretty entirely petroleum-based (with the rare exception for y'all growing your own...)