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Wednesday, February 20, 2008

Oil at 100

Oil has gone past 100 dollars a barrel. In a sane media culture this would be big news. Why? Because there is no reason for it - except, of course, the geological one. We want more than can be pumped out. The oil age is over. And as Kunstler always says - we have got to make other arangements.
Krugman airs some things out here: Peak oil, a dismal theory that keeps getting more plausible...

Nice piece on the new depression here:
So it makes me wonder - just how are clueless dolts in America going to handle the severe lifestyle changes that are coming?

 

 
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