Thursday, July 16, 2009

" Twenty Dollars Per Gallon: How the rising price of oil will change our lives.," By Christopher Steiner,, July 16, 2009

"We sit in a period that's popularly (and appropriately) known as "peak oil," meaning that global production of crude is at a zenith that will never again be realized."

"Middle-class life runs on oil. So we should pay rapt attention to things that could cause the price of oil to increase. As the price increases, our lives will indelibly change--and there are plenty of reasons to think that the price of oil will, in the long term, steadily increase."


1 comment:

Rice Farmer said...

This in itself is bad enough, but the problem is compounded by the insufficient investment in exploration and development of new oil fields, and in upgrading and replacing deteriorated and rusting oil infrastructure. It's not a pretty picture.