The
age of cheap energy appears to be over. Natural gas production
in North America will peak in 7 years. Oil may have already peaked
world wide. This does not mean we will be out of fuel, it does mean
that it will be increasingly scarce and expensive. Our economy is
built on cheap energy and will most certainly suffer.
This
most certainly has real estate implications as increasing fuel
prices will make suburban homes less valuable. Further homes that
are energy inefficient will also have less value.
The
age of cheap energy appears to be over. Natural gas production
in North America will peak in 7 years. Oil may have already peaked
world wide. This does not mean we will be out of fuel, it does mean
that it will be increasingly scarce and expensive. Our economy is
built on cheap energy and will most certainly suffer. 
