I don't think peak oil literature contains the word bailout anywhere.

I don't really understand everything that is happening to the economy right now. (And I admit, it's not all because of oil. I'm taking Econ 11 and I can see that the housing crisis isn't entirely because of oil prices...but it's made it much worse.)

But I think while writers have talked about an upcoming crash, the party being over, etc., they didn't anticipate that government would try to throw everything including the kitchen sink to prevent it.

If you take away all these bailouts, I guess you'd be seeing a really quick collapse.

Tags: economy, peak oil