I must strenously insist this is wrong. Greece and Portugal are, all their weak sides granted, still modern capitalist economies full of hard-working entrepenurial innovative people (as long as they have jobs), who have created excellent business before and will do so again, as soon as the EU allows them too.

Cuba and North Korea on the other hand, are worhless commie dictatorships, shackling their own people and preventing them from initiating any kind of enterprise. These countries would not be able to export anything even if they devalued their currencies to Hell and back. I mean, useless Cuba, famous for sugarcane, dirt poor labourers and oil shortages, even managed to entirely miss out on the sugarecane ethanol boom!

Peak oil is not an energy crisis. It is a liquid fuel crisis.