When world petroleum production peaks…

When world petroleum production peaks, energy prices will go up dramatically. If and when oil prices start to rise substantially, it will undoubtedly translate into strong commodity based inflation. Ultimately, as the price of oil rises it will cause a severe contraction in the world economy. Most observers of this occurrence agree that this will translate into higher prices all the way down the food chain- literally- right down to bread and fruit- as not only road and air transportation will be affected directly but the price of nearly ever commodity and product consumed in the world economy will be impacted indirectly. Therein lies the beauty of improvisation, as illustrated below. Now, which one of these appeals to you more? Please, let me know!
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