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| The arrival of $119 bbl crude and $4 gal gasoline are obvious signs that global oil production has or soon will peak. With global demand rising and supplies limited, higher, more volatile prices and shortages could provoke--to quote the title of the must-see peak oil documentary--the end of suburbia. The world's economy and, paradoxically, the fight against climate change could be in deep trouble. | | Published On: | 6/2/2008 | | Submitted On: | 6/2/2008 8:18:09 PM by Frank K | | Categories: | Energy & Fossil Fuels |
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