You are currently browsing the daily archive for February 8, 2008.

Continuing a theme I started in January – is the WWO scenario coming true, but slowly? In the news today: retail sales sink as consumers wrestle with rising fuel and food prices; GM announces gas-guzzler incentives to try to move stock in the face of an industrywide slump; major airline shakeup brewing, in the wake of plunging share prices due to skyrocketing fuel prices; and the foreclosure crisis in suburbs continues. These are all headlines pulled right out of the events in last year’s World Without Oil oil crisis scenario.

Also today, Congress approved an economy boost package of $152 billion. Compare that dollar figure with the estimated economy drag of last year’s oil price hikes – $150 billion, as reported earlier here. In other words, theĀ  boost is calibrated to counter theĀ  damage being done by last year’s oil prices. What will happen this year? Sooner or later, we’re going to stop being able to spend our way out of the problem, and will need to address the underlying causes.

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It was the world's first serious alternate reality game, a cooperative pre-imagining of a global oil crisis. Over 1900 players collaborated in May 2007 to chronicle the oil crisis with their own personal blog posts, videos, images and voicemails. The game ended after simulating the first 32 weeks of the oil shock, but its effects continue, as game designers analyze its unique gameplay and we all watch the continuing drama with global oil prices and supply.
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