Reply #71: Ok [View All]

I completely disagree with all of your predictions in #1.

The electrical grid will not "fail", prices of electricity will increase leading to reduced consumption. Lord knows we consume far more electricity than we really need to, and the opportunity for consumption reduction via conservation is huge.

We will not "lose" our supply of natural gas, prices will go up. People will compensate by turning their thermostats down a few degrees.

A reduction in the supply of food by 25% could be absorbed without a blink. Prices will go up and people will eat less meat. Given the number of people that are obese and that eating meat is bad for you, this will probably result in a net improvement in living standards.