I only leaned about peak oil about a year ago. I’ve discussed it with my husband and family and at least my daughter and her husband have bought a small farm and are starting to re-calibrate. My husband and I hope against hope to sell our home so we can be near them to help. Is it too late for my husband and i to make changes to compensate, or do you think there’s a chance that we can get there yet, as we’re a little late comers to the news?
Thanks Dr. K.
Late to the “Party”
I hope you and your family have moved to a farm because that is where and how you choose to live, not because you believe that this is the only survivable way to live…because I don’t think it necessarily is.
After living in a rural area for more than a decade, I can tell you that we’ve burned more fossil fuel here than when we lived in a more urban environment. And despite active attempts to rely on neighbors, we are very much dependent upon modern civilization.
At this point, I believe what Nicole Foss (of the Automatic Earth) says, which is that a financial impact will be felt before all others. Make sure you have a way of remaining financial viable, regardless of where you are, and that you are all out of debt. I would hate to see all of you lose your savings and investment in your land.
As far as selling your house, the market is dramatically different in different areas, so I can’t comment on that.
I think the best advice I can give you is to think twice, and move slowly. Most people need at least two years before the panic passes and they can make saner decisions for themselves and their loved one. Panic is not a good state to be in to make major decisions.
Let me know how it goes.