Fantastic new report from nef makes the link between the economy's dependence on oil today and the banking industry in 2006, proving energy is our biggest barrier to prosperity:
"Unless nations prepare to break the relationship between fossil fuels and their economy, this will prolong or prevent recovery from the current economic crisis, in effect, placing a glass ceiling on recovery."
nef translates into clear policy terms what Kurt Cobb has described as "a financial system and physical infrastructure premised on continuous and rising levels of oil consumption."
In other words, it's the oil, stupid.
"Unless nations prepare to break the relationship between fossil fuels and their economy, this will prolong or prevent recovery from the current economic crisis, in effect, placing a glass ceiling on recovery."
nef translates into clear policy terms what Kurt Cobb has described as "a financial system and physical infrastructure premised on continuous and rising levels of oil consumption."
In other words, it's the oil, stupid.
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