Kunstler's premise is that "cheap, plentiful" oil is the foundation of industrial society and the pervasiveness of its effects is not widely appreciated. Through the 21st century, oil and natural gas will become increasingly difficult to obtain, becoming increasingly expensive and ultimately unavailable. Scarcity of petroleum will cause significant problems for transportation and generation of electrical power. In addition, shipping of food and manufactured items will become increasingly expensive, ultimately prohibitively so. Also, natural gas is vitally important to food production as it is the raw material for much of commercial crop fertilizers. In the industrialized West, most food production and manufacturing is performed far from, and generally abstracted away from, the end consumer.

Podcast available at http://www.kunstlercast.com