Seneca Cliff? What Seneca Cliff?

The essence of the coming global Seneca Cliff

"The economy is collapsing because it was based on cheap oil, which is no longer cheap to pull out of the ground — despite what you might pay for it at the pump these days. The public is understandably confounded by this. But their mystification does nothing to allay the disappearance of jobs, incomes, prospects, or purpose. They retreat from the pain of loss into a fog of manufactured melodrama featuring superheros and supervillains and supernatural doings."

- James Howard Kunstler

(h/t David Casey)

Simulating peak oil

Not exactly a Seneca cliff, but in the same category. Here, one of my students shows the results of her simulation of resource depletion compared with the classic ASPO projections of peak oil. 

They say that the universe is all a simulation. Here you see the simulation of a simulation