alt Hacker NewsThe problem Europe has is an allergy to people making money. Oil prices aren't what drove every Euro tech worker to San Francisco for 25 years.
The problem Europe has is an allergy to people making money. Oil prices aren't what drove every Euro tech worker to San Francisco for 25 years.
Since 2007, the European economy is in contraction if you look at physical indicators like "how much stuff do trucks move" or "what area is being built". That correlates directly with the peak of conventional oil and the fact that oil has been harder to get in Europe since 2007.