$4 A Gallon is Nothing At All…
29 May 2008 - 25 אייר 5768 by Huw
Have we reached yet, or passed “Peak Oil”? Over at the Cutting Edge, a US Gov Report Lifts Lid on Peak Oil Supply Shock:
The report finds that the majority of expert projections expect the peak to occur without warning any time between now and 2040. Most disturbingly, the report emphasises that the US federal government has failed to explore any preventive or mitigating measures to tackle the problem and associated implications of peak oil, even though, as the report warns, “an imminent peak and sharp decline in oil production could have severe consequences, including a worldwide recession.”
