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According to Richard Heinberg, author of the new book The End of Growth – Adapting to Our New Economic Reality, the answer is no. He makes the case that the world’s economic growth is inextricably tied to cheap energy, namely oil, and that as we enter a phase of more expensive extraction – like deep water, offshore drilling – our economy will level out…at best. He says that, “The human economy exists within and entirely depends upon Nature, and many natural resources have no realistic substitutes…societies have to operate within the planet’s budget of sustainably extractable resources.” Tune i
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