A Blog by Ugo Bardi

Collapses are the way the universe gets rid of the old to leave space for the new. It was noted for the first time by the Roman Philosopher Lucius Anneaus Seneca (4 BCE-65 CE) and it is called today the "Seneca Effect."

Friday, March 27, 2015

Oil Drilling: another Seneca Cliff

Originally published on Cassandra's legacy on Friday, March 27, 2015
http://www.bloomberg.com/graphics/2015-oil-rigs/




The concept of an impending "Seneca cliff" seems to be making inroads in the debate, even though it may not be given that name. For example, watch the animation above on "Bloomberg.com"


(h/t Joe Smith of the Doomstead Diner)