Is a Green Economy Possible?

There has been a lot of talk about transitioning to a green economy lately. Especially since job losses are mounting in every sector the transition to a new economic model seems particularly important these days. Is it even possible?

I recently watched the documentary A Crude Awakening and it does an excellent job of summarizing the relationship between peak oil and economic and social collapse. Many of us are aware of the oil dependency we have but the pervasiveness of oil in our economic system is not something we consider often. In thinking about developing a green economy the oil dependency must be considered. Fundamentally, oil cannot be a part of a green economy. Not because it is "ungreen" but because we cannot hope to adapt unless we can do it without it. I think that to firmly establish a new economic model it will have to exclude oil, despite the positive aspects about it, because when it runs out we have no chance to change. If you haven't seen the film you should watch it even if you already know.