We agree! Energy is a much better currency than much  of today’s inflating fiat money!  Watch for  the Plan for  Iceland  to turn  its ICESAVE  “debacle” into a new geothermal energy industry that can  pay Britain, The Netherlands and  supply  Europe  with free electricity  until their ROI on these  geothermal investments! A Win-Win  for all concerned  that even the bankers might understand eventually! – Hazel Henderson, Editor

By Chris Nelder | Friday, March 5th, 2010
When oil crossed $120 a barrel for the first time in May 2008, oil cornucopians knew they were in trouble…

Prices had quadrupled in just five years, yet had failed to bring new production online. Regular crude had flatlined around 74 million barrels per day (mbpd). The case for peak oil was looking stronger with every new uptick in crude futures.

The following month, prominent peak oil critic and cornucopian Daniel Yergin of IHS-CERA changed his stance: The peak oil threat would be neutralized by peak demand. Gasoline consumption had peaked in the U.S. and Europe, he argued, due to the combined effects of increasing efficiency, biofuels, and the recession. Read more…