Crash Course Chapter 17a: Peak Oil
Key Fact #1: Global oil discoveries peaked in 1964.
Key Fact #2: Recent production is flat while oil prices are up.
Key Fact #3: The US imports oil equivalent in energy to 750 nuclear power plants.
Key Concept #9: Peak oil is a well defined process.
Key Concept #10: The amount of work that oil performs for you is equivalent to having hundreds of slaves.
Key Concept #11: Oil is a magic substance, finite in supply, but of unlimited importance.
Key Concept #12: Oil exports being hit two ways; by rising demand and declining production.
Crash Course Chapter 17b: Energy Budgeting
Key Concept #13: The price of energy is irrelevant. Net energy is everything.
Key Concept #14: Social complexity relies on surplus energy.
Crash Course Chapter 17c: Energy and the Economy
Prediction #1: Status quo will be preserved at all costs.
Prediction #2: Hyperinflation will result.
Prediction #3: Standards of living will decline.