John La Grou introduces this very important video::

“Tom Murphy is a physics professor at University of California, San Diego. His recent talk at the Compass Summit beautifully describes our #1 global issue moving forward — the energy trap. I think his term “energy trap” is better than “peak oil” for describing the volatile economic consequences that await our new century. Tom has “done the math” (as many of us have) and recognizes a high probability for ever-increasing levels of energy-based economic impediments over the coming decades. Moreover, Tom is the best numbers-oriented speaker I’ve heard on this issue. His talk reminds me of a more focused version of Richard Smalley’s famous energy talks in the late-1990s. Take 23 minutes and listen to Tom’s brilliant – “there is no financing in nature” – overview.”

Watch the video:

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