Gail Tverberg is a writer and speaker about energy issues. She is especially known for her work with financial issues associated with peak oil. Prior… Citizens around the world can sense that something is very wrong, and it looks like the economy may be headed for a serious recession in the near term. The operation of our economy requires energy of the correct type and the right quantity. The International Energy Agency and politicians around the world have recommended a transition to the use of renewables to try to prevent climate change for quite a few years. No politician wants to tell us the real story of fossil fuel depletion. The real story is that we are already running short of oil, coal and natural gas because the direct and indirect costs of extraction are reaching a point where the selling price of food and other basic necessities needs […]