Saturday, January 21, 2006

Peak Oil can't be ignored much longer

Oil production is slowing. Prices have been rising. And the Peak Oil movement is gathering steam.
So far, this is "inside baseball," within investing and scientific circles, with some mention in the mainstream media.
But, at least in the U.S., there have been no headlines in the National Enquirer about the end of oil, nor has there been a highly promoted piece on 60 Minutes, Nightline, or 20/20 on this subject.
That is the next logical step, though, as the story gathers steam.
One thing is certain. Peak oil is working on becoming a reality. Whether it comes because there is no oil left to produce, or whether it comes because oil companies aren't willing to take the huge risks now needed to get at the stuff, doesn't really matter.
In other words, if you can't get it, or you won't get it, you still don't get it. And splitting hairs over this won't matter much, if it gets to the point where we sit in cold, dark houses, as we watch our cars rust.









http://www.financialsense.com/editorials/duarte/2006/0120.html

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