His 2005 interview with Fortune Magazine (which serves as the basis for this blog entry) has infamously dubbed this man's fears as "The Rainwater Prophecy." In that interview he explains his apprehensions over the future of civilization itself in light of Peak Oil. His wife insists that this creeping fear took hold of her husband "right after he read that book."
A book by James Howard Kunstler called The Long Emergency.
Rainwater doesn't completely buy into Kunstler's doom and gloom. "It's the Z scenario," he says. But at the same time, he worries that Kunstler isn't wrong enough, and he's been buying extra copies of the book and passing them around toWell ... my discovery of this one news article today is good enough for me as far as my two week's worth of agonizing over whether I should follow Kunstler's theories. To paraphrase Billy Crystal's famous line from The Princess Bride: "Mostly wrong is slightly right." So even if Kunstler is only SLIGHTLY right, that's way too right for his theories to be completely dismissed. If a man like Rainwater buys into Kunstler --if even just partially-- I'd be a fool not to as well.
the many titans of capitalism who are his protégés.
"I believe in Hubbert's Peak. I came out of Texas. I watched oil fields reach peak and go over, and I've watched how people would do all they could, put whatever amount of money into the field, and they couldn't do anything about it."I likewise believe in Hubbert's Peak, "one of the great geological I-told-you-so's." I also believe we're going to hit that Peak quite soon (if not already). And I NOW additionally believe we're heading for one of those ItEotWaWKI situations as described by Mr. Kunstler. Yes, I'm a believer now.
But what can I do? For my family? For me? What can I possibly do?
As Matt Simmons, one of the leading gurus of Peak Oil, said to a US Congressman when asked what the solution was:
"I don't think there is one. The solution is to pray. Under the best of circumstances, if all prayers are answered, there will be no crisis for maybe 2 years. After that, it's a certainty."That 2-year plan for prayer was suggested by Simmons back in May of 2005, when oil was selling at $52 a barrel. And then after those 2 years had elapsed, and May of 2007 rolled around, the price was up to $64 a barrel. Here it is, yet another year later, and it's at $104 a barrel.
Mr. Rainwater says that when Peak Oil hits the fan, and when the local neighborhood pumps sputter dry, and no one in your whole town can drive a car anymore, and riots and looting start breaking out, "people are going to be asking, 'Why did God do this to us?'"