More on “peak oil” and economic decline

Robert Hirsch

Think back to the oil shocks of 1973 and 1979.

The economic crashes back then are just a taste of what’s coming in two to five years, energy analyst Robert Hirsch told a conference Friday in San Antonio, according to the Express-News.

That’s when Hirsch estimates the world will reach peak oil production. After that, supplies will decline.

It’s going to be chaos, the story described. And this time the recession will be much longer and tougher to turn around.

“There will be no quick fixes,” Hirsch said.

Hirsch first rang the warning in a 2005 report he did for the U.S. Department of Energy. He and two other authors have followed up with the “The Impending World Energy Mess,” a book released this month. Read more in this post.