Higher energy costs and a crisis of credit as a result of huge US debt levels will cause the US and global economies to contract in the near future. On this edition of the Reality Report, Nate Hagens of The Oil Drum discusses these stresses and possible implications for responses to peak oil.
Nate Hagens is a former Wall Street investments manager and has an MBA from University of Chicago. He is completing his doctoral studies at the University of Vermont's Gund Institute for Ecological Economics. Nate is also a contributor for The Oil Drum, an online source for news, analysis and discussions about energy and our future.
Jason Bradford hosts The Reality Report, broadcast on KZYX&Z in Mendocino County, CA.